[ad_1]
6 hours ago
Capital One to acquire Discover in $35.3 billion all-stock deal
Capital One Financial will acquire Discover Financial Services in a $35.3 billion all-stock deal, the companies announced late Monday.
The companies said they expect the acquisition to close in late 2024 or early 2025, after which Capital One shareholders will own 60% of the combined company and Discover shareholders will own 40%. Ta.
The merger of the two companies, one of the largest credit card issuers in the United States, will expand Capital One’s credit card offerings and deposit base. Last June, the company acquired Velocity Black, a premium credit card and luxury goods marketplace platform and digital concierge service.
— Ha-Kyung Kim, Christine Wang
7 hours ago
Stock prices fall after a losing week
Traders need to look beyond the negative week where the winning streak ended.
Last week, the tech-heavy Nasdaq Composite Index fell more than 1.3%, and the S&P 500 Composite Index fell about 0.4%. The 30-stock Dow Jones Industrial Average fell just 0.1%, indicating that losses among blue-chip stocks were mitigated.
These moves ended all three indexes’ five-week winning streaks.
Tuesday marks the start of a holiday-shortened trading week, with US markets dark on Monday due to Gorge Washington’s birthday.
— Alex Harring
7 hours ago
S&P 500 and Dow futures are almost flat
Futures tied to the S&P 500 and the Dow were both little changed Monday night after 6pm ET. Nasdaq 100 futures rose 0.2%.
— Alex Harring
[ad_2]
Source link
