Finance

UniCredit is reportedly ready to make a rival bid for Commerzbank if merger talks with fellow German lender Deutsche Bank fail. The Financial Times, citing people familiar with the matter, reported Thursday that the Italian bank was prepared to make a multibillion-euro offer for a sizable stake in Commerzbank. Commerzbank would be merged with German

Semiconductors are killing it, and you can thank China. The Semiconductor ETF (SMH) is just shy of the historic high it hit a year ago, and there’s good reason for it: China. The five S&P companies with the biggest exposure to China are all semiconductors. Qualcomm, Micron, Qorvo, Broadcom, and Texas Instruments all get 40%

The four-day-old Lyft stock has encountered a new threat: Short-sellers. Tuesday marks the first settlement day for Lyft shares, allowing hedge funds to begin borrowing shares to settle short sales. And they came in full force — short sellers have borrowed $455 million worth of Lyft shares, or 6.61 million shares, according to IHS Markit.

U.S. government debt prices fell Wednesday as traders monitored the latest developments in U.S.-China trade talks. The yield on the benchmark 10-year Treasury note jumped sharply to about 2.51 percent, while the yield on the 30-year Treasury bond climbed to 2.91 percent. Bond yields move inversely to prices. U.S. and Chinese officials are reportedly getting

President Donald Trump is not warming up to Federal Reserve Chairman Jerome Powell. Despite the Fed doing two key things the White House has called for — putting an end to shrinking its balance sheet and halting rate hikes — the president reportedly “blasted” the Powell at three meetings in the past week, the Wall

The global economy is in “a delicate moment,” said IMF’s managing director Christine Lagarde. “The growth is losing the momentum that we had hoped for pretty much across the globe. We have 70 percent of the economy that is slowing down,” Lagarde said Tuesday in an interview with CNBC’s Sara Eisen at the 13th Annual

U.S. government debt prices were higher Tuesday, following the release of solid manufacturing data in the U.S. and China. The yield on the benchmark 10-year Treasury note fell to 2.476 percent, while the yield on the 30-year Treasury bond dipped to 2.876 percent. Bond yields move inversely to prices. Market players digested strong manufacturing data

Lyft may have launched with a frothy stock price in a not so frothy stock market. The ride share company’s freshly minted stock, after an initial surge, fell below its offer price on its second day of trading Monday, a warning that other hyped unicorns may have to be more conservative about their price in

Saudi Aramco is by far the most profitable company in the world, according to financial data disclosed by the state-run oil giant in Saudi Arabia. The company made a whopping $111 billion in 2018, the data show. By comparison, Apple made $59.53 billion in fiscal 2018. Saudi Aramco made its financial information available in a

U.S. government debt prices were lower Monday, as investors monitored strong manufacturing numbers out of China. The yield on the benchmark 10-year Treasury note rose to 2.444 percent, while the yield on the 30-year Treasury bond climbed to 2.844 percent. The yield on the 3-month bill was marginally higher, at 2.401 percent. Bond yields move

Activist investor Starboard Value has ended its fight against Bristol-Myers Squibb’s buyout of biotechnology company Celgene after two prominent proxy advisors announced their support for the deal earlier on Friday. The withdrawal comes hours after both Institutional Shareholder Services and Glass Lewis recommended Bristol-Myers shareholders vote in favor of its bid. “Despite the substantial swell