The Dow Jones Industrial Average (^DJI) was unable to hold on to 38,000, with the index opening lower on Tuesday. The S&P 500 (^GSPC) and Nasdaq (^IXIC), however, did post gains at the start of trading. Yahoo Finance's Jared Blikre breaks down the market action. 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 Stephanie Mikulich
The Dow Jones Industrial Average (^DJI) was unable to hold on to 38,000, with the index opening lower on Tuesday. The S&P 500 (^GSPC) and Nasdaq (^IXIC), however, did post gains at the start of trading.
Yahoo Finance's Jared Blikre breaks down the market action.
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 Stephanie Mikulich
Bloomberg
Gavriel Kahane, Arkhouse Management managing partner, hopes to raise it's $5.8 billion offer for Macy's. He's hoping Macy's sends an NDA to keep negotiating. On Sunday, Macy's said it wasn't interested in the bid. Kahane is on "Bloomberg Markets." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
Reuters
Acquisitions in the Permian shale basin straddling West Texas and New Mexico, the largest U.S. oilfield, soared in the last two years as oil prices jumped on strong demand after Russia's invasion of Ukraine and producers sought producing wells to guarantee future supplies. Three pending deals - Exxon Mobil's offer for Pioneer Natural Resources, Chevron's bid for Hess and Occidental Petroleum's for CrownRock - drove fourth quarter deal values to $144 billion - a record level for any quarter and year. "Oil and gas is undergoing a historic consolidation wave comparable to what occurred in the late 1990s and early 2000s giving rise to the modern supermajors,” said Andrew Dittmar, a senior vice president at Enverus.
Reuters
Apple on Tuesday asked a London tribunal to throw out a mass lawsuit valued at around $1 billion brought on behalf of more than 1,500 app developers over its App Store fees. The case, worth up to 785 million pounds ($998 million) and one of several faced by the tech giant in the United Kingdom, alleges Apple charged third-party developers unfair commissions of up to 30% on purchases of apps or other content. Sean Ennis, a competition law professor and a former economist at the OECD, is spearheading the case which was filed at the Competition Appeal Tribunal (CAT) last year.