IRA vs 401k

Retirement Options

Finanace

Dialog Agrees to $6 Billion Takeover by Renesas Electronics

by

(Bloomberg) -- Renesas Electronics Corp. of Japan has agreed to acquire Apple Inc. supplier Dialog Semiconductor Plc, the latest U.K.-based chipmaker being sold to Asian investors.Renesas is making an all-cash offer of about 4.9 billion euros ($5.9 billion), at 67.50 euros per share, according to statements made by the companies on Monday. Dialog shares rose 17% to 65.68 in … [Read more...] about Dialog Agrees to $6 Billion Takeover by Renesas Electronics

The GameStop Phenomenon Is Hardly New. Here’s How a Similar Squeeze Played Out in 1923.

by

Long before GameStop, there was Piggly Wiggly. In 1923, the supermarket company—which still does business in the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop. As with GameStop and other “meme” companies like AMC Entertainment, Piggly Wiggly was being sold short by several big Wall Street … [Read more...] about The GameStop Phenomenon Is Hardly New. Here’s How a Similar Squeeze Played Out in 1923.

Oil prices climb back to pre-pandemic levels

by

The price of oil has recovered to its pre-pandemic levels.The price of oil has recovered to its pre-pandemic levels having hit an all-time low last year.While demand for oil is still lower than normal, there are hopes of a speedier than expected economic recovery as vaccines are rolled out.Oil prices are often seen as a barometer for economic activity, still struggling with the … [Read more...] about Oil prices climb back to pre-pandemic levels

Big oil’s huge losses raise prospect of mega mergers

by

When Exxon struck the biggest deal of a $300bn wave of oil mergers during the brutal late-1990s crude price collapse, Mobil chief executive Lou Noto gave a warning to the industry.“We need to face some facts,” he said as he announced his company’s takeover. “The world has changed, the easy things are behind us. The easy oil, the easy cost savings, they’re done. So all of us are … [Read more...] about Big oil’s huge losses raise prospect of mega mergers

Upstart Surges 824% as CEO Bets on Phone Manufacturing in India

by

(Bloomberg) -- Almost three decades ago, Sunil Vachani borrowed $35,000 so he could start making 14-inch television sets in a rented shed outside New Delhi. It was an unconventional choice given India, though renowned for software and services, had long lagged behind in manufacturing.Today, Vachani’s startup has grown into a sprawling electronics empire. His Dixon Technologies … [Read more...] about Upstart Surges 824% as CEO Bets on Phone Manufacturing in India

Green Tech Could Create The First Trillionaire

by

Big tech has ignored green tech, but make no mistake: The world’s first trillionaire could well come from the green tech sector.And right now, while the only clear front-runners are Elon Musk--already the world’s richest person--and Bill Gates, the world’s second, the biggest redistribution of capital is probably still coming …It’s opening up massive new opportunities for the … [Read more...] about Green Tech Could Create The First Trillionaire

Hyundai, Kia Say Not in Car Development Talks With Apple

by

(Bloomberg) --Hyundai Motor Co. and its affiliate Kia Motors Corp. said that they aren’t in discussions with Apple Inc. on cooperating to develop a self-driving electric vehicle, following reports and speculation that they were working with the tech giant.The South Korean carmakers have been talking with multiple companies about autonomous electric car development, but no … [Read more...] about Hyundai, Kia Say Not in Car Development Talks With Apple

Could Scalable Payments for Bitcoin Undermine Its Value?

by

With the wild journey that is bitcoin price swings so far this year, you might have missed the accelerating rhythm of companies announcing services to support bitcoin for payments.We’re not talking about small idealistic startups, either.A week ago, on Visa’s Q1 earnings call, CEO Al Kelly said the company may add cryptocurrencies to its payments network. He acknowledged that … [Read more...] about Could Scalable Payments for Bitcoin Undermine Its Value?