The UK parliament has cleared the bill for Article 50. It is expected that PM Theresa May will officially begin Brexit negotiations with the EU by March end. What this means: 1) The legalities Despite gaining a 2-year timeline following… Continue Reading →
WTI suffered its steepest one-day fall in 13 months on Wednesday and is now trading below $50. EIA report of record build in US inventories triggered the plunge. Rising shale oil production has been keeping a lid on oil prices… Continue Reading →
Snapchat finishes its first day of trading on the NYSE at $24.48, about 44% higher than its price of $17, at a market cap of $28bn, Ok, the SNAP IPO is another tech mega IPO with a lot of expectations… Continue Reading →
Dow breached the 21000 mark for the first time today, S&P and Nasdaq hit record intraday highs post Trump speech. Overall, the US stock market s are up more than 10% post elections driven mainly by anticipation of “phenomenal” tax… Continue Reading →
Target earnings report for Q4 will be released today. The stock has had a bearish outlook and underperformed the S&P and some peers in 2016. Its holiday sales in November and December were not encouraging, leading to a revision in… Continue Reading →
Bharti Airtel shares, on Thursday, rose over 10% intraday and ended the session over 1.5% higher, following Telenor acquisition announcement. This deal announcement follows the merger announcements by Vodafone-Idea and RCom-MTS-Aircel. The Indian telecom sector is abuzz with M&A news… Continue Reading →
Yahoo shares were up 0.7% on Tuesday despite news of Verizon discounting its deal price by $350 mn to $4.48bn. Why so? Background: The deal was first announced in July last year when Verizon sought to buy Yahoo’s core internet… Continue Reading →
Kraft Heinz recently proposed a $143 billion takeover deal to Unilever, valuing its shares at $50, an 18% premium. Unilever rejected the offer citing low valuation. Why the brouhaha over this deal? The deal, if successful, would have been the… Continue Reading →
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