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Monthly Archives: May 2018

Don’t worry about rates until the 10-year yield nears 4%

Yields have been rising as investors fear that inflationary pressures in the U.S. will lead the Federal Reserve to tighten monetary policy at a faster pace than expected. The 10-year yield hit 3.11 percent last week — its highest level since 2011 — while the two-year yield hovered around a …

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China tariffs are not over

Carolyn Kaster | AP White House chief economic adviser Larry Kudlow speaks during a television interview outside the West Wing of the White House, in Washington, Friday, May 18, 2018. Trump had proposed tariffs on at least $50 billion of Chinese technology and other goods in response to alleged intellectual …

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British court dismisses charges against Barclays over 2008 Qatar deal

Matt Crossick/PA Images via Getty Images Barclays Bank’s UK headquarters in Canary Wharf, London. A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business …

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Micron shares surge after chipmaker raises its guidance

Kai Pfaffenbach | Reuters A booth of Micron Technology at an industrial fair in Frankfurt, Germany. Micron shares are rising as the company said its financial results will be better than expected. On Monday the chipmaker increased its guidance for its fiscal third quarter ending in May. Micron now expects …

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UK government does not intend to block deal

Justin Sullivan | Getty Images Brian Roberts, CEO of Comcast Britain’s government says it does not intend to refer U.S. media conglomerate Comcast’s 22 billion pound ($30.7 billion) takeover offer for London-based Sky to competition authorities, saying the proposed merger doesn’t raise concerns on public interest grounds. Culture Secretary Matt …

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These tech stocks have most to gain as US-China trade tensions cool

George Rose | Getty Images People crowd into the Qualcomm booth to view a series of new products during the annual Consumer Electronics Show on January 4, 2017 in Las Vegas, Nevada. Easing U.S.-China trade tensions will likely help chipmakers’ stocks the most. Among companies in the S&P 500, Skyworks …

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Fifth Third Bancorp to buy MB Financial for about $4.7 billion

Ty Wright | Bloomberg | Getty Images Fifth Third Bank headquarters in Cincinnati, Ohio. U.S. regional bank Fifth Third Bancorp has agreed to buy smaller rival MB Financial in a stock-and-cash deal valued at about $4.7 billion as it looks to expand in Chicago and broaden its middle market customer …

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Apple shares to struggle over the next 12 months on weak iPhone X demand, Instinet says

Apple’s iPhone X demand remains soft while the latest look into its services business growth proved “good not great,” according to Nomura Instinet. Analysis of recent iPhone average selling prices – a key metric offering insight into the generations of iPhones being sold – implied a thinner mix of iPhone …

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Mark Zuckerberg’s meeting with EU officials to be livestreamed

Matt McClain | The Washington Post | Getty Images Facebook CEO, Mark Zuckerberg Facebook Chief Executive Mark Zuckerberg has agreed for his meeting with European officials Tuesday to be livestreamed. Antonio Tajani, president of the European Parliament, said on Twitter Monday he had personally raised the possibility of webcasting the …

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Italy’s next prime minister could be a mostly unknown law professor

FILIPPO MONTEFORTE/AFP/Getty Images Leader of the Italy’s populist Five Star Movement, Luigi Di Maio (L), shakes hands with Giuseppe Conte, who could become Italy’s next prime minister. Italy’s Five Star Movement (M5S) and Lega party have reportedly agreed on who the next prime minister should be — taking another step …

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