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Home2018June

Month: June 2018

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Trading Ideas

Judge OKs AT&T-Time Warner merger

June 12, 2018 admin Comments Off on Judge OKs AT&T-Time Warner merger

A federal judge on Tuesday gave the green light to AT&T’s (T) $85 billion acquisition of Time Warner (TWX), in a case that has captivated deal-watchers because it involves a vertical merger. …read more […]

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Trading Ideas

Netflix and Alphabet will need to become ISPs, fast

June 12, 2018 admin Comments Off on Netflix and Alphabet will need to become ISPs, fast

This week completely scrambled the video landscape, and its implications are …read more […]

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Business News

Dissident doyen set to rejoin Fed’s rate-setting panel

June 12, 2018 admin Comments Off on Dissident doyen set to rejoin Fed’s rate-setting panel

SAN FRANCISCO (Reuters) – The U.S. central bank’s staunchest advocate for faster interest-rate hikes is set to regain the power to vote at the Federal Reserve’s rate-setting meetings starting next month, but the shift is unlikely to mean faster rate hikes under Chair Jerome Powell.

…read more […]

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Business News

AT&T wins court approval to buy Time Warner over Trump opposition

June 12, 2018 admin Comments Off on AT&T wins court approval to buy Time Warner over Trump opposition

WASHINGTON (Reuters) – AT&T Inc won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion, dealing a blow to U.S. President Donald Trump’s administration which tried to block the deal and likely setting off a wave of corporate mergers.

…read more […]

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Business News

Bitcoin sinks to two-month low as downtrend persists

June 12, 2018 admin Comments Off on Bitcoin sinks to two-month low as downtrend persists

NEW YORK (Reuters) – Bitcoin fell to a two-month low on Tuesday, sliding in three of the last four sessions on nagging regulatory and security concerns after the weekend hacking of South Korean cryptocurrency exchange Coinrail.

…read more […]

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Business News

Guess Chairman Paul Marciano reigns after probe into improper conduct

June 12, 2018 admin Comments Off on Guess Chairman Paul Marciano reigns after probe into improper conduct

(Reuters) – Guess Inc said on Tuesday its co-founder, Paul Marciano, had resigned as the company’s executive chairman after a special committee completed an investigation into allegations of improper conduct.

…read more […]

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Business News

AT&T wins U.S. court approval to buy Time Warner for $85 billion

June 12, 2018 admin Comments Off on AT&T wins U.S. court approval to buy Time Warner for $85 billion

WASHINGTON (Reuters) – AT&T Inc won approval from a U.S. court on Tuesday to buy Time Warner Inc for $85 billion, without conditions, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue.

…read more […]

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Business News

S&P 500, Nasdaq end higher; investors turn focus to Fed

June 12, 2018 admin Comments Off on S&P 500, Nasdaq end higher; investors turn focus to Fed

NEW YORK (Reuters) – U.S. stocks ended slightly higher on Tuesday, boosted by gains in technology and utilities shares, though investors were cautious ahead of the Federal Reserve’s policy decision.

…read more […]

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Business News

JPMorgan is sued over Mexican property transfer

June 12, 2018 admin Comments Off on JPMorgan is sued over Mexican property transfer

NEW YORK (Reuters) – A Mexican real estate developer has filed a $1.2 billion lawsuit accusing JPMorgan Chase & Co of fraudulently inducing it to transfer properties based on a false promise it would sell them.

…read more […]

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Business News

Wall Street edges higher as Fed decision looms

June 12, 2018 admin Comments Off on Wall Street edges higher as Fed decision looms

NEW YORK (Reuters) – U.S. stocks ended slightly higher on Tuesday, boosted by gains in utilities and technology shares, though investors were cautious ahead of the Federal Reserve’s policy decision.

…read more […]

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Business News

S&P 500 hovers near unchanged as focus turns to Fed

June 12, 2018 admin Comments Off on S&P 500 hovers near unchanged as focus turns to Fed

NEW YORK (Reuters) – U.S. stocks were near flat on Tuesday as investors became cautious ahead of the Federal Reserve’s policy decision, while a historic U.S.-North Korea summit failed to impress investors.

…read more […]

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Trading Ideas

Analysts Are Pounding the Table That This Red-Hot Oil Stock Is Still a Great Buy

June 12, 2018 admin Comments Off on Analysts Are Pounding the Table That This Red-Hot Oil Stock Is Still a Great Buy

Two analysts recently built their bull cases for ConocoPhillips. …read more […]

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Business News

Tesla cuts 9 percent of workforce in search for profit

June 12, 2018 admin Comments Off on Tesla cuts 9 percent of workforce in search for profit

(Reuters) – Tesla Inc is cutting several thousand jobs across the company as it seeks to reduce costs and become sustainably profitable without endangering the critical ramp up of production of its Model 3 sedan.

…read more […]

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Trading Ideas

Tesla lays off roughly nine percent of workforce

June 12, 2018 admin Comments Off on Tesla lays off roughly nine percent of workforce

Tesla has laid off about nine percent of its employees, Electrek first …read more […]

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Business News

JPMorgan sued over Mexican property transfer

June 12, 2018 admin Comments Off on JPMorgan sued over Mexican property transfer

NEW YORK (Reuters) – A Mexican real estate developer has filed a $1.2 billion lawsuit accusing JPMorgan Chase & Co of fraudulently inducing it to transfer properties based on a false promise it would sell them.

…read more […]

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