Remember Credit Suisse Collapse Rumors? Swiss Bank Could Be Short $8B, Goldman Sachs Says
Analysts from Goldman Sachs Group (NYSE: GS) predict that Credit Suisse Group AG (NYSE: CS) will experience a capital shortfall of up to 8 billion Swiss francs ($8 billion) in 2024 and maintain a Sell rating on the investment bank. This follows a spike in Swiss banks’ credit default swaps — the cost of insuring […]
Why Are Albertsons Shares Gaining Today?
Albertsons Companies Inc (NYSE: ACI) rose 8% on a Bloomberg report on merger talks with competing grocer Kroger Co (NYSE: KR). An agreement … Full story available on Benzinga.com Read More
Toshiba Shares Gain On Reports Of Potential $19B Takeover Bid
A domestic investor-led group was looking at a $19 billion bid for Toshiba Corp (OTC: TOSYY) – a potential deal that would likely lead to foreign activist shareholders being bought out after years of tension. Toshiba and activist shareholders have been at odds over the company’s direction, with several large foreign funds pushing the conglomerate to consider private […]
Twitter May Drop Clickable Hashtags, AstraZeneca’s Nasal COVID-19 Vaccine Fails Trial, Coinbase Gets Singapore Nod: Top Stories Tuesday, Oct. 11
Reuters US-China Chip War: KLA Relaxes Chip Supply To China U.S. chipmaker KLA Corp’s (NASDAQ: KLAC) legal department emailed China informing that it shall stop sales and service to “advanced fabs” in China for the technology of NAND chips with 128 layers or more, DRAM chips 18nm and below, and advanced logic chips. The Biden […]
Bio-Rad Laboratories, Qiagen Mull Merger Of Equals
Bio-Rad Laboratories Inc (NYSE: BIO) is reportedly in talks to merge with Qiagen NV (NYSE: QGEN), but any agreement isn’t likely for another few weeks or more, or it may not happen at all. A deal between Qiagen and Bio-Rad would be the latest tie-up in the medical-diagnostic market. The sector has grown as the pandemic helped increase […]
Exxon Mobil Shows Initial Interest In Denbury Takeover
Exxon Mobil Corp (NYSE: XOM) has expressed preliminary interest in Denbury Inc (NYSE: DEN). No final decision has been made, and Exxon could opt against proceeding with a potential deal. If it goes through, it would be the biggest carbon-management investment since the Inflation Reduction Act was passed in August, Bloomberg reported, providing significant tax incentives for burying […]
Facebook Parent’s New VR Headset Out This Week: All We Know About Meta Quest Pro
Meta Inc. (NASDAQ: FB) is expected to unveil its next headset — the Quest Pro — during the Meta Connect 2022 conference on Oct. 11. This device has a professional mixed reality (MR) focus, putting it in contrast with the consumer-oriented virtual reality-focused headsets released so far by the firm. What Happened: The Meta Quest Pro — which […]
BENZINGA TV EXCLUSIVE: Is Elon Musk A Winner Or A Loser In the Twitter Deal? Here Is What TWTR Users Think
On today’s (Oct. 4) episode of the “Stock Market Movers,” host Mitch Hoch spoke to Chris DeMuth, hedge fund manager at Rangeley Capital, about the reports about Elon Musk’s offer to buy Twitter Inc (NYSE: TWTR) at his original offer price of $54.20 per share. Read More
Tom Brady And Gisele Bundchen Are Calling It Quits, Couple Hires Divorce Attorneys: Report
Tom Brady, widely considered the greatest quarterback of all time, and his wife, supermodel Gisele Bundchen, are calling it quits, according to a report from Page Six. The outlet reported Tuesday that Brady and Bundchen hired divorce attorneys. There was a lot of speculation that Brady was having family troubles after he missed more than […]
China Cashes In: Energy Companies Reroute US LNG Tankers For Profit
Since late August, China’s strict zero-covid policy led to a full or partial lockdown of more than 70 cities. As a result, the demand for energy has fallen. What Happened: Shenzhen, one of the world’s busiest container port cities, continues to experience lockdowns. This has caused the production and manufacturing demand to remain in a […]