Who cares, right?: You are probably wondering why you should give a damn about a billionaire Saudi prince -- Alwaleed Bin Talal -- who was arrested at his compound on Saturday. The reason why is twofold. First, the guy owns sizable amounts of stock in prominent names such as Twitter (TWTR) - Get Twitter, Inc. Report and Citigroup (C) - Get Citigroup Inc. Report . If his Kingdom Holdings dumps these stakes for whatever reason that could provide short-term pressure to the names and maybe the group. Secondarily, and this is the bigger problem, Talal has been a fixture on business news TV for years. Coupled with the recent disgusting comments from another business news TV regular Marc Faber, one has to seriously question the model of bringing self-described experts on live TV to dole out financial advice. Do we really know who these people are? Do the execs at these stations really know or do they just want to fill programming? Why are you taking their advice (you know you have at some point)? The bottom line: Be careful who you listen to when it comes to your finances, and that includes Saudi princes.
Get ready for the $2,000 smartphone: Broadcom (AVGO) - Get Broadcom Inc. Reportofficially made a $70 a share bid, valued at more than $103 billion, for Qualcomm (QCOM) - Get QUALCOMM Incorporated Report . On paper, what would be the largest chip deal ever makes sense. Broadcom needs Qualcomm's technology, and Qualcomm needs to think about a future where Apple (AAPL) - Get Apple Inc. (AAPL) Report could be making its own chips. Hat tip to Broadcom deal-making CEO Hock Tan for announcing a move back to the U.S. days before putting forward the bid. Well played, sir. Memo to smartphone users: Get ready for the $2000 smartphone in a world where chipmaking is dominated mostly by one company. Intel (INTC) - Get Intel Corporation (INTC) Report , the ball is in your court.
Memo to carmakers: Get ready for a 2018 in which the auto industry's fattest profit margin business -- trucks and SUVs -- takes a hit on the back of resurgent gas prices. Oil is now hovering at a two-year high. Here are a ton of free stock ideas to look into as a play on oil's comeback. You're welcome.
A New Year, Your New Healthcare
Next year promises to be another contentious one when it comes to healthcare reform. In TheStreet's new feature series, Inside Trump's First Year, our personal finance expert Robert Powell breaks down everything you need to know about healthcare in 2018. Print this information out and hang it on your fridge.
Face It, the iPhone X Will Crush Holiday Season Apparel Spending
Despite the various haters on Wall Street, the reality is that a $1,000 Apple iPhone X will be the holiday gift everyone wants to receive. TheStreet's Kinsey Grant explained why that voracious demand will probably mean bad news to the likes of J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Report , Macy's (M) - Get Macy's Inc Report and other apparel sellers.
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