Thursday, March 4, 2021
On October 20, the struggling chipmaker Intel (INTC) announced it would sell its money-losing NAND flash memory business to South Korea’s SK Hynix for $9 billion. This appears to be the start of a move toward greater consolidation in the semiconductor industry. More on that later. First, let’s look at what it means for Intel. […]
Masayoshi’s Son’s Softbank (SFTBY) is in the news again…this time with a $40 billion cash-and-stock deal to sell its chip design architecture firm, ArmHoldings, to Nvidia (NVDA). SFTBY will receive $21.5 billion in NVDA shares and $12 billion in cash, only a little more than the $32 billion that it paid for Arm in 2016. […]
Not Everyone Is Feeling the Covid-19 Squeeze Earlier this week, General Motors (GM) said it’s suspending its dividend and halting all share buybacks. This is tough to hear but I can’t say this much of a surprise. The auto giant has been taking it on the chin recently. It’s no secret why. As a result […]
Coronavirus is dominating the headlines right now for good reason. In addition to the unfortunate human impact of the virus, it has already and will continue to have an impact on business around the globe. I’ve seen a few mainstream ideas for investing in stocks that will be helped by potential virus impacts, such as […]
The security officer hired to protect the richest man in the world just accused Saudi Arabia of hacking his client. Jeff Bezos, the top dog at Amazon, hired Gavin de Becker to find out how his personal text messages wound up in the hands of the National Enquirer. The story is particularly juicy since Bezos […]
In what was a very poor April Fool’s joke, the stock market took a tumble on Monday, closing below its 200-day moving average for the first time since June 2016. U.S. stocks had their worst start to an April in many decades as measured by the S&P index. The 2.2% plunge was exceeded by only […]
2018 was supposed to be the year that Mark Zuckerberg said he would “fix Facebook”. But it’s only three months into the new year and his task looks a lot tougher after the company went through one of the worst periods in its history in recent days with $75 billion wiped off its market value. […]
It’s only the first week of the New Year, and there’s already plenty going on in the financial markets. While there hasn’t been much in the way of volatility, that’s only because stocks are mostly going up. In that sense, 2018 is acting much like 2017. On the other hand, one major stock that isn’t […]
Last week marked the 30th anniversary of “Black Monday.” Here’s the short version of what happened: Global stocks got absolutely smashed. The massacre began in Asia and spread west, as Europe and the United States awoke to the carnage and reacted accordingly. At the closing bell on Wall Street, the Dow had shed 508 points […]
According to a Lloyds of London report issued in July, a global cyber attack could result in damages of as much as $121.4 billion. But based on the growing frequency of such cyber attacks and hacks, this estimate will likely turn out to be too conservative. The reason is straightforward. The world’s volume of data […]
