Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
The move is the latest sign of the blurring boundaries between big tech and big finance amid challenges for both industries.Financeread more
Pizza Hut is also talking with Kellogg and other suppliers about the plant-based meat trend.Restaurantsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
New court filings reveal that Elon Musk's family office spent tens of thousands on a private investigator to dig up details about Thai cave rescue hero Vernon Unsworth, after...Technologyread more
"Be fearful when others are greedy and greedy when others are fearful." —Warren Buffett
Every investor "hears" this lesson but too few listen to it.
Today, I sold NXP in my "Squawk Box" Platinum Portfolio after the stock rose 22 percent in two days on rumors that the company will be acquired by Qualcomm for about $30 billion. During Friday's session, NXPI's shares were trading as high as $104.64, which equated to a $36 billion valuation.
Obviously, investors like the potential deal because they've also bid up QCOM. Typically, the shares of the purported acquirer drop, but this stock is up 10 percent in the same period.
I agree that this could be an attractive merger, although I think QCOM needs NXPI more than NXPI needs QCOM.