Finance

Private equity firm Thoma Bravo is in early discussions to acquire security software company McAfee from TPG and Intel for a significant premium over the company’s 2016 $4.2 billion valuation, according to people familiar with the matter. Talks may still fall apart and a deal announcement isn’t expected soon, said the people, who asked not
0 Comments
Stephanie Keith | Reuters People shop during a Black Friday sales event at Macy’s flagship store on 34th St. in New York City, November 22, 2018.  Strong consumer spending is giving a boost to fourth-quarter GDP growth, pushing it up to 3 percent, according to a survey of economists. Economists, participating in the CNBC/Moody’s Analytics
0 Comments
Check out the companies making headlines after the bell: Tailored Brands shares fell more than 25 percent after market-close as the retail company missed revenue expectations. The company owns brands such as Men’s Wearhouse and Joseph A. Bank. The company reported $813 million in revenue, missing projections of $820 million. However, it beat earnings, reporting
0 Comments
Alan Blinder, who served as Federal Reserve vice chairman during the Clinton administration, on Wednesday criticized President Donald Trump‘s latest prodding of the central bank not to increase interest rates anymore. Trump told Reuters Tuesday that it would be “foolish” for the Fed to hike rates next week. Asked Wednesday if the president is right,
0 Comments
Check out the companies making headlines after the bell: American Eagle shares fell more than 6 percent after the market-close Tuesday. The clothing brand missed revenue estimates revenue, reporting $1 billion while analysts expected $1.02 billion. It met earnings projections at 48 cents a share. It also reported 8 percent growth in comparative sales, while
0 Comments
Qualcomm and Apple have been embroiled in a years-long legal dispute over patent royalties. Both companies are based in California, but generate a significant portion of their revenues from China. For the fiscal year that ended in late September, Apple reported that 19.6 percent of net sales came from greater China. Qualcomm said revenues from
0 Comments
Check out the companies making headlines after the bell: Shares of Stitch Fix initially jumped 10 percent and then fell more than 14 percent in after hours trading. Stitch Fix said its active clients grew 22 percent to 2.9 million active clients in the first quarter, but the company still missed analysts’ expectations of 2.95
0 Comments
The Federal Reserve is putting more stress on gathering raw material. It has dramatically slowed the growth in money supply by shrinking its balance sheet. If this were the oil industry, the fact that there was less oil available and it cost more would be a crisis. It is no less a crisis if the
0 Comments
“It just means you’re lower for longer, meaning there’s no real bounce, which is a sign of real selling.” said Scott Redler, partner with T3Live.com. “Sometimes you break moving averages and you get some kind of quick fast recovery…but when you stay down longer, all of a sudden it’s showing real selling. That’s why people
0 Comments
Drew Angerer | Getty Images Mark Zuckerberg, chief executive officer of Facebook, Dan Rose, vice president, partnerships at Facebook, and Sheryl Sandberg, chief operating officer of Facebook, attend the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho.  Facebook is increasing its buyback program by $9 billion, the company disclosed
0 Comments