Here's Myles Udland with a look ahead at what will be making headlines on Thursday.Read More »
Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need
Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. In a last-minute twist to a long and highly contentious auction, Toshiba said in a late-night announcement through the exchange it agreed to sign a contract for the deal worth about 2 trillion yen ($18 billion). Late on Tuesday, sources had said Toshiba was leaning towards selling the business to its U.S. joint venture partner Western Digital Corp .
Latin America’s leading online travel company Despegar.com (NYSE:DESP) went public on Wednesday on the New York Stock Exchange.During an interview with FOX Business’ Ashley Webster of Varney & Co., Despegar CEO Damian Scokin discussed how he plans to