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Amazon (AMZN) is terminating its pursuit of acquiring iRobot (IRBT), while JetBlue Airways (JBLU) calls off its merger with discount operator Spirit Airlines (SAVE). These are just two of the top M&A headlines as the market is enthusiastic about other big-name deals announced for 2024. Barron's Reporter Jacob weighs in on the regulatory environment for M&A dealmaking. "In the airline space, it's going to be a little bit tougher from a regulatory standpoint," Sonenshine tells Yahoo Finance. "With airlines in the US... you had JetBlue... trying to make a play for another small discount airline. They would have to buy that for $3 billion, JetBlue doesn't even have $1 billion in cash. It would have to use a lot of debt, it would be a very difficult deal to do." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan...
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The Wall Street Journal’s monthly editing bulletin warns that “tribute quotes” in obituaries should be dead on arrival...
Continue ReadingTech ETF (XLK) analysis: Microsoft & software stocks driving growth, undervalued compared to peers, presenting a potential target price of roughly $223. See more...
Continue Reading(Bloomberg) -- Amazon.com Inc is partnering with Mexico fintech Kueski, which focuses on “buy now pay later options” and personal loans, to offer payments in bi-weekly installments in Latin America’s second-largest economy. Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual VerdictsMusk Says First Neuralink Patient Received Implant in Bra...
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The European Union is cracking down on Big Tech in a way few other regulators are...
Continue Reading(Bloomberg) -- International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the company.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetTrump Cash Stockpile at Risk From $450 Million Dual VerdictsBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersAmazon Drops iRobot Deal; Roomba Maker Cuts 31% of StaffUS Weighs Response to Deadly Drone Attack as Iran Den...
Continue ReadingThe U.S. Treasury Department should do more to ensure that major tech firms, including Meta Platforms and Alphabet, comply with sanctions against foreign firms that advertise on their platforms, a top lawmaker said on Monday. Democratic U.S. Senator Mark Warner, who heads the Senate Intelligence Committee, wrote a letter to Treasury Secretary Janet Yellen in which he said the Treasury Department was failing to "ensure sanctions compliance in digital advertising markets."...
Continue ReadingThe U.S. Treasury Department should do more to ensure that major tech firms, including Meta Platforms and Alphabet, comply with sanctions against foreign firms that advertise on their platforms, a top lawmaker said on Monday. Democratic U.S. Senator Mark Warner, who heads the Senate Intelligence Committee, wrote a letter to Treasury Secretary Janet Yellen in which he said the Treasury Department was failing to "ensure sanctions compliance in digital advertising markets."...
Continue ReadingiRobot is going in circles, which means iRobot stock may be circling the drain...
Continue ReadingDespite the buzz over generative artificial intelligence last year, the technology's impact on the advertising business of Alphabet and Meta Platforms is likely to be muted when the companies report fourth-quarter results this week, though investors are mapping out its future potential. The search giant has rolled out AI tools that help advertisers target audiences in a less costly way and decide how their marketing budgets should be distributed across Google's ad network. Facebook parent Meta is using generative AI to create different variations of ad campaigns...
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