Fed expected to hike rates twice more this year and then risk a 'policy mistake': CNBC survey
CNBC, 25 September at 14:59
Nearly all respondents to the CNBC Fed Survey see the Fed hiking rates a quarter point this week to a new range of 2 to 2¼ percent. In addition, 96 percent believe another quarter-point hike is coming in December. About 60 percent see the Fed
Michael Kors acquires Gianni Versace in a bid for the luxury market
Washington Post, 25 September at 14:30
Handbag maker Michael Kors said Tuesday it would buy famed Italian fashion house Gianni Versace for $2.1 billion, a move that will add an exclusive but aging luxury brand to its fold. In a statement, Kors said it would change its name to Capri Holdings.
Rates rise as Fed set to begin two-day meeting; 10-year Treasury yield hits highest since May
CNBC, 25 September at 14:13
The Federal Reserve will begin its two-day monetary policy gathering Tuesday, with analysts expecting the central bank to announce a quarter-point rate hike. Members of the FOMC are grappling over how much more monetary tightening is necessary to ...
Michael Kors to buy Versace for $2.1 billion, will change its name to Capri Holdings
CNBC, 25 September at 14:09
Michael Kors is going high-end. The handbag maker is acquiring Gianni Versace for $2.1 billion, including debt, providing Kors a launching pad into the exclusive high-end European luxury market. Following the close of the acquisition, Michael Kors will ...
3 Things Every Investor Should Learn From the Rise and Fall of Tilray
Motley Fool, 25 September at 13:31
For a time, it seemed that nothing could go wrong for Tilray (NASDAQ:TLRY). The Canadian marijuana stock soared 184% in August. It skyrocketed another 228% between Sept. 1 and Sept. 19. No other stock on the market was as hot as Tilray. And then the ...
Comcast Snaps Up 30% of Sky But Questions Over $40 Billion Price Tag Linger
TheStreet.com, 25 September at 13:11
Comcast Corp. (CMCSA - Get Report) rebounded modestly Tuesday after the group said it had acquired around 30% of the outstanding shares of Britain's Sky Plc (SKYAY) since winning the right to buy the broadcaster in a in three round auction that topped ...
With Instagram's Founders Out, Welcome to Facebook, Inc
The Atlantic, 25 September at 13:01
The founders of Instagram, Mike Krieger and Kevin Systrom, plan to resign, the New York Times reported yesterday. Their exit marks the fifth founder departure from Facebook's high-profile acquisitions. WhatsApp's Brian Acton and Jan Koum left in 2017
Instagram's cofounders are resigning to “explore our curiosity and creativity again”
Fast Company, 25 September at 12:49
Kevin Systrom and Mike Krieger, Instagram's CEO and CTO, respectively, have announced they will step down from the company in the near future, reports Bloomberg. The duo founded the photo-sharing app before selling it to Facebook in 2012 for $715 ...
Comcast buys more than 30 percent of Sky shares after auction win over Fox
CNBC, 25 September at 12:48
Comcast has acquired more than 30 percent of Sky shares, the company said Tuesday, following its triumph over Fox at a weekend takeover auction. The firm now owns a total of almost 516 million shares of Sky, according to an official statement from the ...
Trade nerves, bond yields and $80 oil buffet stocks
Reuters Canada, 25 September at 12:02
LONDON (Reuters) - World stocks struggled to make headway on Tuesday after another round of U.S.-China tariffs kicked in and investors' nerves were frayed by rising expectations of central bank rate hikes and oil prices near four-year highs. FILE PHOTO
More news for the topic