Comcast will formalize its all-cash offer to acquire most of Twenty-First Century Fox on Wednesday if U.S. District Court Judge Richard Leon approves AT&T‘s deal for Time Warner on Tuesday, according to people familiar with matter. Comcast, which owns CNBC parent company NBCUniversal, has already publicly acknowledged its plans to compete with Disney on an […]
Read moreWells Fargo customers can no longer buy cryptocurrencies like bitcoin on their credit cards, the company announced Monday. But they can still buy firearms. The San Francisco based bank joined some of its Wall Street peers in banning the purchase of cryptocurrencies on credit cards and said its decision is “in line with the overall […]
Read moreThe nuclear summit with President Donald Trump and North Korean leader Kim Jong Un will be recorded in history as a “tragic-comic moment,” Korean expert Sung-Yoon Lee said Monday. “President Trump is being played,” Lee, a professor at the Fletcher School of Law and Diplomacy at Tufts University, said on CNBC’s “Power Lunch.” “Moved by […]
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It’s a close race this year between Wall Street’s best-performing sectors: technology and consumer discretionary. Craig Johnson, chief market technician at Piper Jaffray, says one sector takes the lead. “The winning horse at this point in time is still the technology sector and we would continue to be betting on the technology sector,” Johnson told […]
Read moreSports teams and musicians can now sell tickets directly to fans through their Snapchat Stories thanks to an integration with SeatGeek. The New York-based ticket-search engine is working with Snap Inc. to enable ticket buying through the Venice, California, company’s signature app. The integration is the first ticket-buying experience in Snapchat and one of the […]
Read moreSnap rolled out a new feature this week that finally lets you delete Snapchat messages you’ve sent to other users. Previously, text messages sent to your contacts on Snapchat remained in the message log until both parties viewed the chat or unless they sat unopened for 30 days. In group chats, the messages deleted after […]
Read moreThe milestone summit between North Korea’s Kim Jong Un and President Donald Trump has major implications for China, which has geopolitical and security interests at stake on the Korean Peninsula. “Lurking in the background as a potential spoiler or helper in this drama is Chinese leader Xi Jinping, who sees both opportunity and peril,” Fred […]
Read moreCurrency, United States Finance
German ministry says 774,000 Mercedes cars contain unauthorized software
Germany‘s Transport Ministry on Monday said 774,000 Mercedes-Benz vehicles were found to contain unauthorized software defeat devices in Europe and ordered Daimler to recall 238,000 cars in Germany. “The government will order 238,000 Daimler vehicles to be immediately recalled Germany-wide because of unauthorised defeat devices,” Germany’s Transport Ministry said in a statement.Germany can only order […]
Read moreFCC Chairman Ajit Pai is skeptical of state efforts to preserve net neutrality rules, saying Monday that the internet “has to be regulated by the federal government.” More than two dozen states have sued the FCC or proposed their own internet regulations to reinstate the Obama-era rules, which required internet service providers to treat all […]
Read moreIt’s official. The Federal Communications Commission’s repeal of net neutrality rules, which had required internet service providers to offer equal access to all web content, took effect on Monday. The rules, enacted by the administration of President Barack Obama in 2015, prohibited internet providers from charging more for certain content or from giving preferential treatment […]
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