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U.S. Justice Department closes antitrust probe over wireless carrier-switching technology

The Justice Department has closed an antitrust investigation into a trade group that includes Verizon and AT&T among its members and which had been criticized for making it harder for consumers to switch carriers. The technology called eSIM allows consumers to switch wireless providers without having to insert a new physical SIM card, an identifying microchip. Previously, there had been allegations that the standard was set in a way that made it harder to switch carriers and to make it harder for new wireless companies to enter the market. …read more […]

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Trading Ideas

U.S. Justice Dept closes antitrust probe over wireless carrier-switching technology

The Justice Department has closed an antitrust investigation into a trade group that includes Verizon and AT&T among its members and which had been criticized for making it harder for consumers to switch carriers. The technology called eSIM allows consumers to switch wireless providers without having to insert a new physical SIM card, an identifying microchip. Previously, there had been allegations that the standard was set in a way that made it harder to switch carriers and to make it harder for new wireless companies to enter the market. …read more […]

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UPDATE 1-Saudi Aramco IPO's retail offer fully covered with $8.7 bln in orders – lead manager

The retail portion of Saudi Aramco’s initial public offering (IPO) has been fully covered, with orders reaching 32.57 billion Saudi riyals ($8.7 billion), lead manager Samba Capital said on Wednesday. The state-owned oil giant plans to sell 1.5% of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals, valuing the IPO at as much as 96 billion riyals ($25.6 billion) and giving the company a market value of between $1.6 trillion and $1.7 trillion. Aramco has said at least one-third of the sale is expected to be covered by …read more […]

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UPDATE 1-Boeing 777X fuselage split during Sept stress test

The fuselage of Boeing Co’s upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, Boeing said on Wednesday. The world’s largest planemaker suspended load testing of the new widebody in September when media reports said a cargo door failed a ground stress test. The Seattle Times, which first reported new details on the testing issue https://bit.ly/35AdjgE, said photos it had obtained of the test on the 777X showed that the extent of the damage was greater than previously disclosed and earlier reports were wrong …read more […]

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Types of Stocks Investors Should Know

Almost everyone has heard of stock, and you likely know what the Securities and Exchange Commission (SEC) is and does. However, you may not know there are multiple different types of stocks out there. These categories help investors put together their portfolios by choosing the kinds of investments that are appropriate for them.
If you’re investing, it may be useful to know and understand the different types of stock available. Here is a resource page for you to reference so that you can understand the differences.

Different Types of Stocks – Common vs. Preferred
Common Stock
Common stock is, as the name suggests, the …read more […]

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Business News

Top U.S. retailers absorb tariff pressure ahead of holiday shopping season

Prices for electronics sold online at top U.S. retailers were up slightly heading into the critical U.S. shopping season, but sites including Walmart Inc and Amazon.com Inc have held prices steady for many other popular holiday products despite the pressure from tariffs on Chinese imports.

…read more […]

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Seaport Updates Estimates for 3 Sinking Cannabis Stocks

Last week saw a landmark decision by the U.S. House Judiciary Committee, which approved a bill advocating the decriminalization of marijuana at the federal level. Pending approval by the House of Representatives and Senate, this could mean full scale legalization in the U.S.The good news instigated a bit of a rally across cannabis stocks, and a timely one at that, too. The cannabis industry has had a rough ride this year, with many leading names struggling in the market due to a variety of reasons, from retail delays to congestion at the wholesale level to regulatory uncertainty.The cannabis industry is …read more […]

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The Five Future Disruptions I’m Already Grateful For

Thanksgiving is tomorrow. And I want to wish all of you the happiest of Thanksgiving holidays. I’m spending mine with the whole family and then some. My daughter, Rachel, is flying in with her husband from Atlanta, and my son, Nick, along with his partner, is hosting the event in their new house.
We have plenty to celebrate and a lot to be grateful for. Most importantly, everybody is healthy. Secondly, Nick just made sergeant in the local police force. I’m very proud of him (as is his mother). And third, Rachel successfully launched an Airbnb side gig. Her former garage …read more […]

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Is the Stock Market Open on Black Friday?

For as long as I can remember, Black Friday has been the busiest shopping day of the year in the United States. I can recall waking up from my Thanksgiving food coma, only to see grown adults attacking one another for the latest and greatest holiday gifts. In fact, since 2006 there have been 12 reported deaths and 117 injuries throughout the United States.
Things have calmed down in more recent years. The vast majority of all purchases are made online as retail brick and mortar stores continue to get crushed.
This year “Americans are expected to spend about $3 billion less …read more […]