Markets

Xilinx rockets 17% after finalising $35 billion sale to AMD

Xilinx shares soared as much as 17% higher in early Tuesday trading after Advanced Micro Devices agreed to buy the company in a $US35 billion deal. The acquisition is expected to close by the end of 2021, according to a press release. Xilinx shareholders will receive 1.7234 shares of AMD […]
Xilinx rockets 17% after finalising $35 billion sale to AMD
Markets

S&P 500, Nasdaq extend records as traders look ahead to further stimulus

The S&P 500 and Nasdaq composite indexes extended records on Wednesday after closing at all-time highs on Tuesday. Traders are still watching for signs that Congress will reach a deal on another coronavirus pandemic stimulus bill soon. The August ADP employment report showed that US companies added 428,000 jobs last […]
S&P 500, Nasdaq extend records as traders look ahead to further stimulus
Markets

Dow gains 163 points following Fed meeting, Big Tech testimony

US stocks rose Wednesday following a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook and Amazon. The Federal Reserve held interest rates near zero, and again pledged to do whatever it takes to aid the US economy in recovery from the pandemic recession. Starbucks […]
Dow gains 163 points following Fed meeting, Big Tech testimony
Markets

US stocks rise ahead of Fed meeting, Big Tech testimony

US stocks rose Wednesday ahead of a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook and Amazon. Starbucks and AMD shares climbed after earnings releases. Boeing and General Motors shares also ticked up after earnings reports. Later this week, Apple, Amazon, and Alphabet are […]
US stocks rise ahead of Fed meeting, Big Tech testimony