Qualcomm CEO Steve Mollenkopf discusses his company's earnings beat, his positive view of the partnership between SoftBank and ARM Holdings, and the outlook for smartphone innovation. » Read More
Heavy discounts helped Sprint attract the most postpaid subscribers on a net basis for any first quarter in nine years.
European equities posted strong gains by Wednesday's close, as a rally in technology stocks and a slew of positive earnings helped boost sentiment.
Wall Street pulled back Tuesday after stocks hit record levels this week and investors digested second-quarter earnings.
The dollar rose against a basket of major currencies after U.S. housing starts rose by more than expected in June.
European stocks closed largely lower on Tuesday, but pared some losses, as investors trod carefully amid earnings and geopolitical tensions.
ARM Holdings PLC, up $19.09 to $66.17. The technology company agreed to be bought by Japan's SoftBank Group for about $32 billion. Hawaiian Electric Industries Inc., down $2.38 to $30.10.
U.S. stocks traded higher Monday as companies posted better-than-expected earnings and Japan's Softbank announced a deal to buy a U.K. semiconductor.
The Yen slips broadly as Turkey quells an attempted military coup, while calm in UK prompts sterling bump.
So just what will SoftBank do with ARM? It's likely to be business as usual, for now. Recode reports.
CNBC's David Faber discusses the recent $32 billion deal between SoftBank and ARM Holdings.
BlackRock's Richard Turnill sees three emerging-market headwinds transforming into tailwinds.
Apple shares rose more than 1 percent, surpassing the $100 level for the first time since June.
Europe finished mixed on Monday, as investors cheered on the rally in ARM shares, but remained concerned over global geopolitical events.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including SoftBank buying ARM Holdings in an all cash deal.
SoftBank agreed to buy United Kingdom chip designer ARM Holdings for $32 billion in an all cash deal. Former Apple Chief Evangelist Guy Kawasaki, and Recode editor in chief Dan Frommer, provide perspective.
NEW YORK— Chipmaker ARM Holdings agreed to be bought by Japan's Softbank for about $32 billion. It also owns stakes in Chinese e-commerce giant Alibaba and Yahoo Japan and a piece of Finnish game developer Supercell, the maker of "Clash of Clans." In June it agreed to sell its stake in Supercell to Chinese technology company Tencent for $10.2 billion.
Boutique banks have increased their market share of M&A over big Wall Street firms year over year.
Brexit and the devaluation of the pound did not influence the timing of Softbank's $32 billion bid for U.K. semiconductor giant ARM Holdings.
Japan's Softbank has agreed to acquire U.K. semiconductor firm ARM Holdings in a deal worth over $32 billion, the companies announced on Monday.
CNBC's Jim Cramer explains why he is keeping an eye on shares of ARM Holdings after Softbanks' $32 billion bid, and Bank of America's quarterly beat.