IBM will pay $190 per share for the software company, which it described as the world's leading provider of open source cloud software, a more than 60% premium to Red Hat's closing stock price of $116.68 on Friday. Shares traded upwards of $175 in June, but disappointing earnings combined with a volatile market had seen…
President Donald Trump rarely brags about the stock market on Twitter these days. He has instead turned to other issues during the market's sharp correction, one that's wiped out gains for the year just weeks before the crucial midterm elections. Earlier in 2018, when it seemed like stocks were hitting all-time highs on an almost…
Apple continued its slide on worries about softening demand. The tech giant tumbled 4.8 percent after Goldman Sachs equity analysts cut their price target, citing deteriorating demand, especially in China. China, the world’s largest consumer of oil, has also been weighing on commodities. The price of crude, now just above $53 a barrel, has fallen…
Amazon has finally, officially made a decision. The company on Tuesday announced it would split its second-headquarters project, which it calls HQ2, in two. The two locations — the Long Island City neighborhood of Queens, New York, and the newly formed National Landing area of Arlington, Virginia — will each get roughly half of the…
RIYADH (Reuters) - Saudi Arabia brushed off an outcry over the killing of journalist Jamal Khashoggi and went ahead on Tuesday with an investment conference boycotted by Western political figures, leading international bankers and company executives. FILE PHOTO: A view shows the Ritz-Carlton hotel in the diplomatic quarter of Riyadh, Saudi Arabia, January 30, 2018.…
WASHINGTON — The Trump administration told Congress on Friday that it intends to enter into a revised North American Free Trade Agreement with Mexico and will continue working to keep Canada in the pact as talks between the United States and Canada move into next week. While sticking points still remain between the United States…
(Reuters) - Heavy rains were due to create new problems for residents of Northern California late on Tuesday, raising the risk of mudslides in an area where people left homeless by the state’s deadliest wildfire remain huddled in parking lot encampments. State and federal officials warned people to be alert to the risk of sudden…
NAIROBI (Reuters) - Britain is committed to continuing free trade with Kenya after it leaves the European Union, Prime Minister Theresa May said during a visit to Nairobi on Thursday. Britain's Prime Minister Theresa May and Kenya's President Uhuru Kenyatta arrive to address a joint news conference at the State House in Nairobi, Kenya August…
PHILADELPHIA — One morning last year, Michele Carter woke up to find an eviction notice slipped under her apartment door. She had to move, she was later told, to make way for the renovation of her high-rise and the higher-paying tenants it would bring. Ms. Carter, 66, an Air Force veteran who lives on a…
Apple was worth more than $1 trillion at the start of November. Now, it’s valued at $880 billion. The mighty tech titans and their seemingly endless pipeline of profits, which powered one of the longest bull markets in stocks, are looking a little less invincible. Shares of Apple and Google’s parent company, Alphabet, are down…
