AMD Agrees to Acquire Xilinx in All-Stock Deal Worth $35 Billion
By staff writer
As the agreement closes in 2021 expectedly, AMD investors will possess 74% of the combined company, leaving Xilinx shareholders with 26%.
Wall Street
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Worst Sell-Off Since September: Dow Jones Crashes 650 Points amid COVID-19 Concerns
Volatility has once again ensured the stock markets which are facing a double whammy with the rising coronavirus cases on one end and the halting stimulus talks. Markets are losing confidence with a gloomy outlook ahead.
HSBC to Accelerate Restructuring Plan as Its Third-Quarter Profit Tumbles 35%
By Daria Rud
As HSBC has reported, its third-quarter profit before tax is down 36% year-on-year, at $3.1 billion. The after-tax figure is $2 billion (46% down), adjusted profit before tax is down 21% to $4.3 billion.
SAP Shares Down Over 20% as Q3 Revenues Dips
The dip in the shares of SAP was further compounded by the company’s update of its Business Outlook for 2020.
TSLA Stock Drops 1%, Tesla Set to Ship 7,000 China-Made Model 3 Cars to Europe
In a bid to bolster its stocks’ future, Tesla is aiming to venture into the market of Europe.
Dow Jones Records 185 Points Decline amid U.S. COVID-19 Increased Cases
By John K. Kumi
According to the latest analysis, major U.S. equity benchmarks Like Dow Jones recorded a decline of 180 point. This decline has been linked to the 83,000 new coronavirus cases recorded in Sun Belt State over the weekend.
Peloton (PTON) Shares Lose More than 5% After Goldman Sachs Downgrading
While Goldman Sachs is neutral on Peloton shares, KeyBanc Capital Markets analyst Edward Yruma raised his price target for the shares in anticipation of imminent bullish price moves.
Morgan Stanley: Slack Is Losing to Big Players Like Microsoft & Zoom, WORK Stock Tanks 6%
The latest report from Morgan Stanley notes that Slack hasn’t seen the sort of business acceleration it had expected during the start of the pandemic. Most of its customers are opting for big players in the market.
TSLA Stock Rises 3% After Hours on Tesla Record Q3 2020 Earnings Report
By Daria Rud
The third-quarter results are impressive. Tesla generated $8.771 billion in revenue, which marks a 39% growth year-over-year.
Alphabet Stock Up 1.38% on Tuesday, Google Antitrust Case Proves Challenging
To win, the U.S. Department of Justice must prove that Google gained or maintained monopoly power through abusive conduct.
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