• Markets Right Now: Apple leads tech stocks; banks climb

    1 month ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:35 a.m.
    U.S. stocks are rising at the opening bell as Apple surges following a strong quarterly report.
    Banks are jumping Wednesday as a strong report on private company hiring sends interest rates higher.
    Apple jumped 4.3 percent after it beat Wall Street's expectations in its fiscal third quarter and forecast better-than-expected sales.
    Bond yields climbed after a survey by payroll processor ADP said private U.S. businesses added 219,000 jobs in July. The yield on the 10-year Treasury note rose to 3.01 percent.
    Bank of...
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  • The tech M&A market fell off a cliff last quarter - these 9 charts and slides show why

    The tech M&A market fell off a cliff last quarter - these 9 charts and slides show why

    1 month ago - By Business Insider

    The year was supposed to be a boom time for mergers and acquisitions in the tech sector. But that's not how it's turning out.
    After a surge of activity in the first quarter, tech M&A activity slowed markedly in the second quarter , both in terms of the number of deals and in their combined value, consulting firm PwC detailed in a new report. Thanks to the slowdown, there were 8% fewer announced deals in the first half of this year as there were in the first half of 2017.
    The dropoff can be attributed to a collection of factors, including increased regulatory scrutiny and growing...
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