Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) jumped 22.3% in the morning session after Bloomberg reported the company is fielding takeover interests from peer, ON Semiconductor. The sources added that there could be other bidders in the mix too. Most acquisitions close at a premium, raising the possibility that existing investors could exit their positions at a higher price if Allegro strikes a deal with a buyer.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.3% in the pre-market session after Morgan Stanley analyst Adam Jonas named the stock a "Top Pick," citing the potential in the autonomous vehicle market and robotics. Jonas added that "Tesla's YTD auto deliveries have been mostly below expectations, but not particularly narrative changing. Tesla's softer auto deliveries are emblematic of a company in the transition from an automotive 'pure play' to a highly diversified play on AI an
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 6.6% in the pre-market session after Reuters reported that Broadcom and Nvidia are running tests on Intel's 18A manufacturing process, highlighting the company's (INTC) progress and the potential to attract high-caliber customers. With high expectations surrounding Intel's Foundry business, these updates lend credibility to the growing hype, and even the speculation about a potential acquisition of the unit, suggesting there may be re
The freight market has been all over the place for small carriers, and right now, there’s a feeling that something’s about to give. The big question is whether this shift is going to work in your favor or just keep the squeeze on spot market rates a little longer. Truckload demand (the need for your […] The post Is a noticeable market shift around the corner? appeared first on FreightWaves.
Tesla was named the "Top Pick" for U.S. auto firms by Morgan Stanley, which pointed to the EV maker's moves into AI and robotics.
Prada's effort to purchase the Versace brand from Capri Holdings Limited is reportedly moving closer to completion.
(Bloomberg) -- Warren Buffett is upping his bets in Japan after trading houses relaxed the ceiling on his company’s holdings. US President Donald Trump is aiming to make good on plans to levy tariffs on Mexico, Canada and China, just as the country plans to import more agricultural goods than ever. And Germany’s newly elected leadership has a lingering power problem waiting for them. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge B
European defence stocks drove much of the positive market momentum on Monday, boosted by expectations of higher defence spending by several countries like Germany.View on euronews
Dollar General downgraded, Oracle upgraded: Wall Street's top analyst calls
March trading is kicking off with investors bracing for tariffs, the monthly jobs report and key retail earnings.