AT&T is promising fewer commercials, smaller channel bundles and personalized programming now that it has taken over Time Warner channels in an $85 billion mega-merger. After overcoming the U.S. Justice Department’s objection that the deal would harm competition, AT&T, the country’s number two wireless operator, said it will use its technology to reinvent how consumers […]
Read moreCheck out the companies making headlines before the bell: Verizon – The telecom giant’s stock was upgraded to “buy” from “hold” at Deutsche Bank, which said fundamentals are improving but the stock price hasn’t yet caught up. Deutsche Bank points to potential from 5G technology and an improving wireless business, among other factors. Tesla – […]
Read moreHoward Marks believes top investors can still thrive even as trading machines become more active in the financial markets. “Computers can do an unmatched job dealing with the things that can be counted: things that are quantitative and objective. But many other things — qualitative, subjective things — count for a great deal, and I […]
Read moreCVS Health said Tuesday it plans to roll out delivery of prescription drugs and some over-the-counter medicines. Customers in most markets where CVS’ nearly 10,000 stores are located will be able to receive their orders either one or two days after placing them. Some customers in urban markets will be able to receive orders the […]
Read moreFormer Uber executive Bozoma Saint John told CNBC on Tuesday the company is “on its way to being great. It’s not there yet.” Saint John had been in charge of repairing Uber’s reputation and morale before she left the ride-hailing company last week after just a year. “I came in right in the moment of […]
Read moreSAN FRANCISCO — Apple chief executive, Timothy D. Cook, may be the leader of the world’s most valuable public company, but lately he has had to act a lot like the tech industry’s top diplomat. Last month he visited the Oval Office to warn President Trump that tough talk on China could threaten Apple’s position […]
Read moreAmazon.com said on Tuesday that it has partnered with Marriott International to help increase guest access to amenities with Alexa, through its voice-controlled device Echo, in an attempt to expand its presence in the hospitality industry. Alexa for hospitality would assist in providing services ranging from ordering room service to requesting housekeeping or calling the […]
Read moreFreshly announced trade tariffs from the White House may be sending stocks into a tailspin, but a market correction is inevitable even without them, billionaire investor Jim Mellon told CNBC’s “Worldwide Exchange” on Tuesday. The trade war worries are “certainly having an effect on the market, but the market is reacting because it’s already far […]
Read moreEmerging markets have been under pressure as a result of a strengthening dollar and trade war fears, and central banks in turn are facing tough decisions on monetary policy. South Africa’s central bank has plenty on its plate, especially within the context of a new president and unenviable credit ratings following years of corruption and […]
Read moreGlobal stock markets fell sharply on Tuesday after President Donald Trump threatened to impose an additional trade tariff on $200 billion worth of Chinese goods. Following that bombshell, Chinese stock markets closed sharply lower. The volatile Shenzhen fell almost 6 percent, while the Shanghai Composite neared a two-year low. European stocks followed suit and by […]
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