News

French politics killed the Fiat Chrysler-Renault merger

On Wednesday, a merger between Fiat Chrysler Automobiles and Renault collapsed – and collapsed swiftly. Both companies issued terse explanations, but FCA explicitly blamed French politics. The major challenge with the proposed deal was always going to be with the French government, which controls 15% of Renault and, with populism […]
French politics killed the Fiat Chrysler-Renault merger
Markets

Barclays says talk of any Deutsche Bank merger is a red flag for earnings — and the UK bank is slashing its price targets

German authorities are ramping up discussions about a possible merger between Deutsche Bank and Commerzbank, the Financial Times reported. Bloomberg said regulators seek to merge Deutsche Bank with a different European lender. “We think the reason for these headlines is that profitability may have deteriorated further in the fourth quarter,” […]
Barclays says talk of any Deutsche Bank merger is a red flag for earnings — and the UK bank is slashing its price targets
Markets

Millennials are snapping up Disney ahead of earnings

Disney is set to report third-quarter earnings after the closing bell Tuesday. Millennial investors were snapping up shares ahead of the release, with 65,000 investors on Robinhood holding the stock. Investors will be looking for details about its proposed $US71 billion buyout of 21st Century Fox. Follow Disney’s stock price […]
Millennials are snapping up Disney ahead of earnings
Markets

Starbucks is going to see major growth in 3 key areas after its deal with Nestle

Starbucks and Nestle announced a partnership that will boost the Seattle-based coffee company’s international presence and further its China-strategy. Morgan Stanley expects Starbucks to use the extra cash from the $US7.15 billion deal for share buybacks in fiscal year 2019. Watch Starbucks trade in real-time here. Starbucks’ coffee alliance with […]
Starbucks is going to see major growth in 3 key areas after its deal with Nestle