Japanese regulators said on Wednesday Apple may have breached antitrust rules by forcing mobile service providers to sell its iPhones cheaply and charge higher monthly fees, denying consumers a fair choice. The Fair Trade Commission (FTC) said that the Japanese unit of Apple had forced NTT Docomo, KDDI and SoftBank Group to offer subsidies and […]
Read moreAllen & Co’s invite-only annual conference kicks off this week, which means that some of the biggest names in tech and media are swarming Idaho’s lavish Sun Valley Resort. In the past, the so-called “summer camp for billionaires” has laid the foundation for mega-deals like Verizon’s acquisition of Yahoo, Jeff Bezos’ purchase of The Washington […]
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Semiconductor stocks headed lower Wednesday after the White House released a new list of tariffs on $200 billion of Chinese goods on Tuesday evening, as President Donald Trump continued to broaden the trade war with Beijing. Nvidia, Advanced Micro Devices and Broadcom were among those falling more than 1 percent in premarket trading. Each company […]
Read moreYou could say the recent run in airline stocks has been turbulent at best. Shares of Southwest, American Airlines, JetBlue and United fell Tuesday, with Delta the only name in the S&P 500’s airline industry group to close the day positive. So far this year, the sector has largely fallen out of favor; Southwest, Alaska, […]
Read moreA new wave of federal regulation across the technology industry will ultimately strengthen two of the globe’s biggest internet and social media companies: Facebook and Google-parent Alphabet. Nomura Instinet initiated coverage on both names with buy ratings Tuesday, arguing that any increased scrutiny should favor the largest tech juggernauts at the expensive of smaller companies, […]
Read moreAT&T announced a strategic partnership with secretive “mixed reality” start-up Magic Leap on Wednesday. Magic Leap showed off its first product, called the “Magic Leap One,” last year after much hype and mystery. It is a so-called mixed reality headset that is connected to a small computer you wear on your hip. Many virtual reality […]
Read moreSoftBank Group CEO Masayoshi Son said on Tuesday he was optimistic that U.S. President Donald Trump’s escalation of trade disputes and heightened scrutiny of foreign investments would not affect the Japanese firm’s prolific dealmaking. Trump’s administration has been slapping trade tariffs on Chinese goods and blocking Chinese investments in the United States it deems a […]
Read moreInvesco market watcher Kristina Hooper believes Wall Street should brace for trouble. “We could see another about 10 percent sell-off, and it could happen relatively quickly or it could be a bit more gradual this time – sort of death by a thousand slashes potentially this fall,” the firm’s chief global market strategist said Tuesday […]
Read moreThree of the big Wall Street banks report quarterly earnings at the tail end of this week. For investors looking ahead to Citigroup, Wells Fargo and J.P. Morgan Chase earnings on Friday morning, the options market appears to be saying, “Nothing to see here.” Stacey Gilbert, head of derivative strategy at Susquehanna, explained Tuesday on […]
Read moreTwitter’s stunning rally this year is due for a big pullback, according to Nomura Instinet. The firm initiated coverage on the social media company’s shares with a reduce rating, predicting it will report earnings below expectations next year. “We view Twitter as a stable and extremely valuable platform with long-term strategic value,” analyst Mark Kelley […]
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