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AMEX:TII 26 June 2026

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  • Citigroup Warns New Risks Amid Diminished Oil Threat to Global Economy
    June 26, 2026, 9:24 AM EDT. Citigroup economists suggest oil price shocks may no longer threaten the global economy as before. However, they highlight a potential new risk from El Niño - a climate pattern causing warming in the Pacific Ocean that can disrupt agriculture, infrastructure, and productivity worldwide. El Niño's impacts could pose challenges to economic stability going forward, emphasizing the need for vigilance beyond traditional commodity shocks. This shift underlines evolving risks in a complex global economic landscape.

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ON Semiconductor drop hits Synaptics deal ahead of Nasdaq bell

ON Semiconductor drop hits Synaptics deal ahead of Nasdaq bell

26 June 2026
ON Semiconductor plunged 14.2% to $101.85 premarket after announcing an all-stock deal to buy Synaptics, wiping out about $6.6 billion in equity value—nearly matching the $7 billion enterprise value of the deal—while Synaptics jumped 4.5% as the fixed exchange ratio sharply reduced the offer’s spot value amid sector-wide weakness.
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