This could allow Chinese competitors in 5G, like Huawei, to gain ground. Advisers for Singapore-based Broadcom told a Qualcomm shareholder that the company is accelerating its plans to re-domicile to the US, The Post has learned. Qualcomm is a leader in 5G technology, which is going to be the new standard in the future", said Senator John Cornyn, the No. 2 Republican in the Senate, who had pushed for further review.
Meanwhile, homeowners across the United Kingdom are being urged to reduce their water usage, following concerns that widespread leaks could create a national water shortage. "I have sought assurances from Thames Water that they are doing everything possible to fix the problems and get the supply switched back on for everyone".
Broadcom's investors (and Wall Street!) are favorable towards the deal, but Qualcomm itself has been fighting hard against the takeover. "A disruption of Qualcomm's R & D efforts would in effect hand the growing competition for 5G to China".
Boosted by economic growth in Asia and a resurgent petrochemicals industry in the United States, global oil demand will increase by 6.9 mb/d by 2023 to 104.7 mb/d, according to the IEA. The US was once the world's top oil importer. Virtually all of the OPEC output growth comes from the Middle East. Venezuela's oil production fell 13 percent in 2017 to a 28-year low of about 2.072 million bpd.
Becoming a bank would allow Amazon to lend out money as well as taking in deposits, but would also expose the massive firm to a far bigger regulatory requirement in a far more sensitive industry than consumer retail. Amazon already has a co-branded credit card with JPMorgan, and the two companies' chief executive officers are working together, along with Warren Buffett's Berkshire Hathaway Inc., on finding ways to bring down the cost of health care for their employees.
The S&P 500 was down 17, or 0.7 per cent, to 2,660, as of 11 a.m. Eastern time. It was up as much as 0.6 percent and down as much as 1.2 percent in choppy trading earlier. That could easily upset markets, which had been enjoying a remarkably smooth ride past year. Higher rates make bonds more attractive as investments and can divert buyers away from stocks.