The White House aims to stop a Senate push to block President Donald Trump‘s deal to revive Chinese telecommunications company ZTE, The Wall Street Journal reported Wednesday. The Trump administration aims to change language included in a defense authorization bill the Senate is set to pass this week, the newspaper said, citing a senior White […]
Read moreThe judge who ruled in favor of the AT&T–Time Warner deal also laid out a “blueprint” for Comcast and other media companies to begin buying, CNBC’s Jim Cramer said Wednesday. U.S. District Court Judge Richard Leon on Tuesday denied a Justice Department antitrust challenge to the AT&T-Time Warner deal, concluding the government failed to meet […]
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Apple is launching a new Measure app in iOS 12 in the next few months that will let you size anything with just your iPhone. You no longer have to go searching for a tape measure while hanging pictures or when trying to determine if a couch will fit in your living room. I recently […]
Read moreThe last time there was an antitrust ruling as important as the one handed down Tuesday by Judge Richard J. Leon, cellphones didn’t exist. There was no such thing as the internet. Personal computers were years away from mass adoption. There had not been a federal court ruling on a vertical merger — a combination […]
Read moreCurrency, United States Finance
Arab states launch biggest assault of Yemen war with attack on main port
A Saudi-led alliance of Arab states launched the largest assault of Yemen’s war on Wednesday with an attack on the main port city, aiming to drive the ruling Houthi movement to its knees at the risk of worsening the world’s biggest humanitarian crisis. Arab warplanes and warships pounded Houthi fortifications to support ground operations by […]
Read moreGeneral Motors CFO Chuck Stevens is retiring after spending more than four decades at the automaker. The largest U.S. automaker has appointed Dhivya Suryadevara, vice president of corporate finance, to replace him on Sept. 1. Stevens will stay on as an adviser from that point until his official retirement date of March 1, 2019. The […]
Read moreRide-hailing service Uber launched an investigation after a driver reportedly asked a lesbian couple to get out of his car when he saw them kiss in the backseat. In addition, the New York City Taxi and Limousine Commission suspended the driver’s taxi license late Tuesday, pending an investigation. Alex Iovine, 26, and Emma Pichl, 24, […]
Read moreGoldman Sachs is getting more bullish on Netflix shares even after its stunning gains so far this year. The firm reiterated its buy rating and increased its price target for Netflix shares to $490 from $390, representing 35 percent upside to Tuesday’s close. It is the highest target out of the 36 analysts who cover […]
Read moreMicrosoft is redesigning its Office productivity apps to make them easier to use, as it faces stiffer competition from Google. Microsoft said Wednesday it’s refreshing Office 365 apps, including Word, Excel, Outlook and PowerPoint, in part so that they’re more accessible for users with disabilities. The company is vastly reducing the size of the ribbon […]
Read moreOpendoor, a start-up that buys and sells homes online, has just pulled in $325 million to expand its team, add more cities and move deeper into residential real estate. The new funding pushed the San Francisco-based company’s valuation past $2 billion and includes capital from homebuilder Lennar, whose COO, Jon Jaffe, will be joining the […]
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