Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Trading volumes this week are well below their recent averages and that means this comeback may be suspect.Marketsread more
Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
In a second-round of tweets aimed at the U.S. central bank, the president asked, "WHERE IS THE FEDERAL RESERVE?"Marketsread more
J.P. Morgan Chase customers will no longer be able to pay with their phones in stores beginning next year.Marketsread more
Gluskin Sheff's David Rosenberg predicts one of the strongest parts of the U.S. economy will disappoint Wall Street and lead to a market meltdown.Futures Nowread more
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Microsoft's $26.2 billion deal on Monday to acquire LinkedIn for $196 per share is a huge deal for Microsoft CEO Satya Nadella, but is it as big a deal for tech stocks? Kensho took a look at tech deals over $5 billion going back to 2000 to see how tech performs the week after a big deal is announced.
Some observers have said it will put Salesforce.com back in play and pique interest in Twitter; others say that it's now Google's turn to respond. The New York Times took a skeptical look at the deal, arguing that it may have been about LinkedIn's slumping share price and the need to retain employees paid heavily in company stock. In any event, Kensho is good at tuning out the market pundits and tuning in to the acual performance of stocks around key events. Below are returns of some key tech stocks and benchmarks a week after a deal of $5 billion or more.
Another thing to keep in mind looking over the history of mega tech deals is that many have been judged by history as failures, some even of the epic variety. The deals included are below.