U.S. President Donald Trump and North Korean leader Kim Jong Un invited each other to visit the United States and North Korea, respectively, and both accepted the invitation, North Korea’s official news agency KCNA reported on Wednesday. “Kim Jong Un invited Trump to visit Pyongyang at a convenient time and Trump invited Kim Jong Un […]
Read moreAsian markets were mixed in early Wednesday action as investors began to shift their focus from the recently concluded U.S.-North Korea summit to the conclusion of the Federal Reserve’s June meeting later in the day. Japan’s Nikkei 225 edged up by 0.22 percent in the morning, with shippers and utilities gaining. The materials sector lagged […]
Read moreWhile CNBC’s Jim Cramer was blown away by the monster 30-plus percent run in shares of Restoration Hardware parent RH on Tuesday, he also saw the rise as a unique opportunity. “RH up 31 percent today? Breathless. A perfect, perfectly crafted short squeeze,” the “Mad Money” host said. “But once the short-squeeze ends, I got […]
Read moreCisco Systems’ recent partnership with Alphabet’s Google to create a seamless cloud network “plays a tremendous role with security [and] policy,” Cisco’s Chuck Robbins said Tuesday. In an exclusive interview with CNBC’s “Mad Money” host Jim Cramer, the Cisco chairman and CEO said the partnership came in response to what customers of his networking hardware […]
Read moreIn his ruling approving AT&T’s bid to purchase Time Warner, U.S. District Court Judge Richard Leon advised the Department of Justice to not try and contest the ruling, which was unexpected, according to an analyst. “I think the biggest surprise here is Judge Leon advising the DOJ not to try to contest this ruling,” Craig […]
Read moreA federal judge said Tuesday that AT&T‘s $85.4 billion purchase of Time Warner is legal, clearing the path for a deal that gives the pay-TV provider ownership of cable channels such as HBO and CNN as well as film studio Warner Bros. U.S. District Court Judge Richard Leon did not impose conditions on the merger’s […]
Read moreSeattle city officials voted on Tuesday to repeal a new tax measure on large companies following mounting pressure from Amazon and other local businesses. Sitting in front of a raucous crowd, including many who opposed the repeal, the Seattle City Council members voted 7 to 2 in favor of overturning the law, which was just […]
Read moreWhite House aides, ripping Canada’s prime minister over trade disputes at the G-7 gathering, vowed not to let him paint President Donald Trump as weak before his nuclear summit. In reality, Trump weakened his own hand at both the G-7 and his sit-down with North Korean dictator Kim Jong Un. His conduct was unprecedented because […]
Read moreMacy’s on Tuesday announced it is partnering with b8ta to expand Market @ Macy’s, a pop-up shop within its stores. As part of that partnership, Macy’s has taken a minority stake in b8ta, which helps brands build out physical stores. B8ta, founded in 2015 by Nest alums Vibhu Norby, William Mintun and Phillip Raub, helps […]
Read moreA federal judge said Tuesday that AT&T‘s $85.4 billion purchase of Time Warner is legal, clearing the path for a deal that gives the pay-TV provider ownership of cable channels such as HBO and CNN as well as film studio Warner Bros. The judge did not impose conditions on the merger’s approval. The Justice Department […]
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