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Marvell’s $115 Billion Deal Has Lost More Than a Third of Its Value

Quick Read Marvell’s fixed 4.5-share ratio has no collar, so the stock’s slide turned Lumentum’s 24% premium into a 21% discount. Marvell fell 19% since the announcement while the semiconductor ETF dropped 11%, and Coherent matched Marvell’s 19% decline. Analyst targets averaging $322 sit near the 52-week high, so they likely predate the deal and

travel

Best heated lidos in the UK

When you buy through links on our articles, Future and its syndication partners may earn a commission. Warm water and fresh air: the attraction of an all-year-round lido. | Credit: Dan Kitwood / Getty Images Indoor swimming pools have their place, but there’s something about diving into warm water as the world around you freezes

Stock Market

Stock Market Crash Or Rally? Plan For Both

Part of our midterms guide. Start here: what the vote really changes for your money. Image from Pixabay What Does Everyone Already Know? On Monday, the Nasdaq 100 closed more than 10% below its Oct. 6 peak: a correction, its third this year. On Wednesday, after Democrats won Congress, the Dow rose 3.03% to 53,356,

Stock Market

Tech companies hit by new AI worries on positive day for most markets

Tech firms tumbled on Thursday as investors contemplated the outlook for the AI boom after Democrats swept the US midterms, partly on the back of growing anger over the rapid building of data centres across the country. ADVERTISEMENT ADVERTISEMENT However, broader markets mostly rallied and oil plunged after President Donald Trump’s Republicans were dealt a

Lifestyle

Apollo Health & Lifestyle Ltd Diagnostics margin reaches 16%

Key highlights AHLL Diagnostics revenue rose 24% year on year to Rs 226.9 crore in Q2 FY27. AHLL Diagnostics EBITDA margin increased to 16% in Q2 FY27 from 12% in Q2 FY26. Average daily Diagnostics footfalls rose 15% year on year to 28,154 in Q2 FY27. AHLL Diagnostics had more than 2,802 collection centres as

February 2026 editions of Social Spider newspapers Waltham Forest Echo, Enfield Dispatch, Barnet Post and Newham Voices all folded in half and placed in a square on a wooden floor
World News

Government names 50 local news publishers receiving share of £6m grant

February 2026 editions of Social Spider newspapers Waltham Forest Echo, Enfield Dispatch, Barnet Post and Newham Voices, which received funding from DCMS. Picture: Press Gazette Some 50 local news publishers have been awarded grants of up to £125,000 as part of the UK Government’s initiative to help fill “news deserts”. The funding forms part of

Stock Market

UK Stock Market Today: FTSE 100 Futures Slip On BoE Inflation Fight Focus

The Morning Bull – UK Market Morning Update Thursday, 5 Nov 2026 UK stocks are set for a cautious open as investors focus squarely on the Bank of England. The expected rate hike is the single story that matters for the FTSE this morning. Markets are working with a consensus that the BoE lifts Bank

The French PM's office said the situation was being monitored closely regarding the Airbus plane that was diverted after bomb alert (Unsplash/Representative)
World News

Flights diverted across Europe over bomb alerts, 2nd such incident this week

Airlines reportedly scrambled to divert several passenger flights across Europe because of bomb threats for the second day this week on Thursday. Among the carriers that diverted flights were Wizz Air Holdings Plc and Aer Lingus. The French PM’s office said the situation was being monitored closely regarding the Airbus plane that was diverted after

French high school students block a street with garbage bins during high school blockades ahead of a demonstration in Paris. (REUTERS)
World News

France faces new protests as Macron seeks to prevent repeat of October unrest

Hundreds of thousands of protesters are expected to march through French cities and public workers to strike on Thursday, in a fresh test for President Emmanuel Macron after weeks of unrest that have rattled his government and dominated the agenda five months ahead of a presidential election. French high school students block a street with

Stock Market

$550B Wiped Out as Asia’s AI Stocks Crash, Bitcoin Jumps 4%

A massive sell-off hit Asian stock markets today, wiping out nearly $550 billion from South Korea, Taiwan and Japan, sending chipmakers stocks sharply lower. The decline came as investors worried that stricter data center rules following the Democrats’ midterm victory could slow AI spending. While AI stocks fell sharply, Bitcoin, the leading cryptocurrency, gained 4%

North Korea said the move was a "farce" and a "politically-motivated provocation". (Representative image) (AP/PTI)
World News

North Korea tells EU to ‘mind own business’ on ‘non-existent’ human rights issues

North Korea lashed out at the European Union over its draft UN resolution addressing human rights in the country, state media reported Thursday, telling the bloc to “mind its own business”. North Korea said the move was a “farce” and a “politically-motivated provocation”. (Representative image) (AP/PTI) Pyongyang has long been accused by the United Nations

Lifestyle

Pet Care Boom: New Opportunities in Health, Hospitali

The pet care industry is moving far beyond food, toys and basic veterinary services, emerging as a diverse business sector spanning healthcare, hospitality, nutrition, technology and lifestyle services. As more households begin treating pets as family members, spending is expanding into areas once considered specialised or luxurious. From premium pet food and professional grooming to

Buy the Dip or Wait? Three Scenarios That Could Shape Broadcom Stock Through 2028

Quick Read AVGO’s AI semiconductor revenue surged 221% YoY to $17B, yet the stock trades near its 52-week low at just 18x forward earnings. Tan said Broadcom is “on target to exceed $30 in earnings per share in fiscal 2028,” making a $600 share price just 20x earnings. Just released. Our analysts combed the entire

The move comes amid mounting AI spending that has unnerved Wall Street and dented Alphabet's stock price. Microsoft last week offered voluntary buyouts to 60,000 employees in an effort to contain costs. (REUTERS)
World News

Google extends voluntary buyout offers to employees in several countries

Alphabet’s Google has expanded employee buyout offers to several countries this year as it looks to rein in rising costs amid heavy spending on artificial intelligence. The move comes amid mounting AI spending that has unnerved Wall Street and dented Alphabet’s stock price. Microsoft last week offered voluntary buyouts to 60,000 employees in an effort to contain

Russian force struck multiple targets in Ukraine amid efforts to broker peace talks. (AP)
World News

Russia intensifies Ukraine strikes amid US efforts to broker peace talks

Russian forces struck fresh targets in Ukraine on Thursday amid hopes of fresh peace talks, brokered by the White House, between the two warring sides. The strikes come at a particularly concerning point as recent close ties between the US President Donald Trump and his Russian counterpart Vladimir Putin stoked fears of the US turning

Is Broadcom Stock a Buy After Marvell’s $115 Billion Deal?

On Nov. 2, Marvell Technology (NASDAQ:MRVL) agreed to buy Lumentum Holdings (NASDAQ:LITE), a maker of lasers and optical transceivers, in an all-stock deal. The firms put Lumentum’s enterprise value (its stock market value plus debt, minus cash) at $115 billion, using both stocks’ Oct. 28 closing prices. Marvell says the combination creates a category leader

US sanctions Indian couple over ‘maritime fraud’ supporting Iran’s shadow fleet | World News
World News

US sanctions Indian couple over ‘maritime fraud’ supporting Iran’s shadow fleet | World News

The US has imposed sanctions on Indian couple Suniel Kumar Sharma and his wife Jaspret Preeti Shahid over alleged web maritime fraud. In a statement, the Treasury department said, “Their schemes have provided false flags and certifications to sanctioned vessels involved in transporting Iranian petroleum, including vessels operating on behalf of the Iranian military and

Netanyahu warns against an opposition-led government as Israel struggles to form a coalition after the election deadlock. REUTERS/Ronen Zvulun (REUTERS)
World News

Netanyahu alleges foreign interference in Israel election, demands investigation

Israeli Prime Minister Benjamin Netanyahu has warned that “extremist Islam” threatens Israel’s security and Jewish identity, while accusing opposition leaders of trying to form a government with parties he described as supporters of terrorism. Netanyahu warns against an opposition-led government as Israel struggles to form a coalition after the election deadlock. REUTERS/Ronen Zvulun (REUTERS) In

Stock Market

IDP Stock Market Week 9

The calendar has flipped past the halfway point, and the IDP market has settled into its midseason rhythm. Roles are mostly locked, the early-season noise has faded, and the difference between a contender and a pretender often comes down to who is still actively managing their defensive roster instead of coasting on draft-day plans. Some

A firefighter sprays water to extinguish a wildfire burning organic-rich peatland, which smolders underground and releases dense smoke in Pulang Pisau Regency, in Central Kalimantan province. (AFP/File)
World News

Indonesia battles its most intense wildfires in 11 years across Sumatra, Borneo and Papua as Australia joins waterbombing ops

Indonesia is facing its worst wildfire crisis in 11 years, with extensive areas of land destroyed by fires across Sumatra, Borneo and Papua. Meanwhile, Australia is reportedly set to assist Jakarta in its firefighting efforts by joining ongoing waterbombing operations. The move comes days after a helicopter crashed during a firefighting mission on Borneo, leaving

Democratic Senate candidate Texas state Rep. James Talarico speaks at an election night event in Austin, Texas, Tuesday, Nov. 3, 2026. (AP)
World News

Democratic triumph is a win for bread-and-butter issues

Americans have decided to rein in Donald Trump. Although the final tally is yet to come in, it is clear that Trump and his Republican Party will lose control of both legislative chambers – the House of Representatives and the Senate. Since his re-election in 2024, Trump has had a free hand, as the opposition

Micron (MU) Stock Looks Near Fair Value Despite AI Optimism

Micron Technology has delivered a very large three year gain for shareholders, even after a sharp pullback in recent weeks. This puts the focus squarely on whether the current share price lines up with the cash the business is expected to generate. With Micron now closely tied to long term AI memory demand stories in

Michael, who spoke to an audience in Napa, Calif., said the U.S. manufactured about 1,000 drones under the prior administration.
World News

U.S. Was Unprepared for Drone Warfare, Pentagon’s Emil Michael Says

The Pentagon’s Emil Michael credits Ukraine for doing ‘some incredibly creative things’ with its drone technology in the war with Russia. Michael, who spoke to an audience in Napa, Calif., said the U.S. manufactured about 1,000 drones under the prior administration. The Pentagon’s technology chief said the U.S. had been unprepared for the modern era

TOPSHOT - US President Donald Trump speaks to reporters as the final steel beam (L) begins to be raised at the construction site of the East Wing ballroom at the White House in Washington, DC, on November 4, 2026. Democrats seized control of the US Congress on November 3, capturing the Senate and House of Representatives. The Democratic landslide will give the opposition power to block legislation, launch broad investigations into Trump's administration and thwart his judicial and senior government appointments. (Photo by MANDEL NGAN / AFP) (AFP)
World News

The GOP’s Defeat Was Truly Massive

Both parties agreed on this tumultuous midterm election’s essential point. President Trump wanted voters to “pretend I’m on the ballot.” With his approval at 38%, Democrats happily agreed. TOPSHOT – US President Donald Trump speaks to reporters as the final steel beam (L) begins to be raised at the construction site of the East Wing

China calls the US midterm elections a domestic affair and expects bilateral stability to hold ahead of his next summit with Xi Jinping. (AP)
World News

China keeps faith in Trump as ‘total defeat’ adds new risks

As Chinese netizens pored over the wreckage of the Republican losses in the midterm US elections, the hashtag “Trump Total Defeat” went viral on microblogging platform Weibo, garnering more than 70 million views by Wednesday evening. China calls the US midterm elections a domestic affair and expects bilateral stability to hold ahead of his next

The town of Bussière-Boffy, where police arrested a 34-year-old environmental activist suspected of arson.
World News

France’s Riots Were Fueled by an ‘Ultra Left’ Faction That Lives Off-the-Grid

BUSSIERE-BOFFY, France—A convoy of heavily armed tactical police arrived at dawn last month in this hamlet deep in the French countryside, where cows and horses graze near camper vans belonging to people who lead itinerant, off-the-grid lives. The town of Bussière-Boffy, where police arrested a 34-year-old environmental activist suspected of arson. They broke down the

FILE PHOTO - US President Donald Trump appears through the viewfinder of a camera in San Antonio, Texas, October 7, 2026. (REUTERS FILE)
World News

What markets make of the midterms

IN GEOLOGY, AN earthquake causes a tsunami. In American politics, a blue tsunami is causing an earthquake. In midterm elections on November 3rd the Democratic Party swept all before it. Ruby-red Texas elected a blue senator for the first time in decades and crimson Kansas for the first time in nearly a century. As we