Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
At Rockets of Awesome, Scott Turner will be a senior vice president responsible for digital and marketing. He'll report to founder Rachel Blumenthal, wife to Warby Parker...Retailread more
Shares of Beyond Meat jumped 12% Monday afternoon, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
"Even a 50-basis point reduction would still keep the Fed funds rate well above zero," Shelton told The Washington Post in an email.The Fedread more
The stocks of several utilities opened lower, after weekend power outages during a major heat wave and from severe storms.Market Insiderread more
Also in Epstein's address book is supermarket mogul Ron Burkle, Chelsea Clinton, former Secretaries of State Henry Kissinger and John Kerry, and media titan Rupert Murdoch,...Politicsread more
Qualcomm is likely to make aggressive moves to keep shareholders happy in the next two quarters while the company faces a possible hostile takeover attempt from Broadcom, research firm Nomura said Tuesday.
The firm upgraded Qualcomm to a buy rating and raised its target price to $75 from $58.
"We believe Qualcomm leadership is very smart, but over the last several years, the San Diego-based management team at times has been unassertive and complacent," Nomura wrote in a note. "Though now with Broadcom's hostile takeover attempt analogous to a 'gun to the head,' we expect the company to more aggressively focus on driving shareholder value in order to remain a standalone franchise."
Broadcom in November made an unsolicited offer for the rival chipmaker. Qualcomm rejected the $103 billion deal, saying it devalued the company.
In December Broadcom nominated its first slate of replacement board members who were later rejected by Qualcomm, setting the stage for a bitter proxy battle.
Nomura said a Broadcom bid is "the most attractive long-term option for Qualcomm shareholders" but predicted several short-term bumps including a strong earnings report and the closure of the NXP Semiconductors deal.
Qualcomm rose 2 percent in morning trading Tuesday.