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Surprising Q4 earnings weakness continues to spread in S&P 500 components, with a 1.4% year-over-year decline expected for Q4 2023. Read more here...
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The [announcement Monday morning](https://www.wsj.com/business/retail/amazon-irobot-scrap-acquisition-deal-7072122f?mod=hp_lead_pos4) that Amazon and iRobot have called off their merger may be the least surprising news of the day. The deal has [looked iffy for a year now](https://www.wsj.com/articles/amazons-roomba-deal-keeps-getting-messier-73f09651) as regulators have signaled growing concerns about its effect on competition, and it [wasn’t considered a slam dunk](https://www.wsj.com/articles/amazons-roomba-deal-has-shades-of-fitbit-11659725501?mod=article_inline) even before that. The original deal announced in August 2022, and iRobot’s shares ended that year 21% below Amazon’s offer price of $61 per share...
Continue Reading(Bloomberg) -- Amazon.com Inc. has abandoned its planned $1.4 billion acquisition of Roomba maker iRobot Corp. after clashing with European Union regulators who had threatened to block the deal. 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 VerdictsEvergrande Set for Liquidation as China Property Crisis Drags OnAmazon Drops iRobot De...
Continue ReadingConcerns over privacy and China could spell trouble down the line as Microsoft puts AI at the center of its strategy, but for now, the company’s Copilot products are providing a nice growth engine...
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The Federal Trade Commission was poised to reject Amazon.com's $1.4 billion acquisition of robot vacuum maker iRobot before the companies announced early Monday they were abandoning the deal in the face of EU antitrust opposition, a source said. The FTC staff had met with Amazon last week to inform them they planned to recommend the commission vote to sue to block the acquisition, the source added, saying the commission was set to hold a final meeting on Monday with Amazon before the commission could have voted to approve a legal challenge to the merger...
Continue ReadingA majority of the Magnificent Seven component stocks — Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT) — are set to report fourth-quarter earnings this week. Yahoo Finance Live co-hosts Rachelle Akuffo and Akiko Fujita examine expectations on Amazon's business segments and AI tech drivers after Microsoft surpassed a $3 trillion market cap. 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...
Continue ReadingMagnificent seven stocks to watch in the stock market today...
Continue ReadingShares of Microsoft Corp. rose 1.43% to $409.72 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500.....
Continue ReadingShares of Amazon.com Inc. rose 1.34% to $161.26 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index.....
Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
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