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Trading Ideas

German Chancellor Angela Merkel’s handpicked successor will not run for the CDU

The head of Germany’s ruling Christian Democrats was supposed to succeed Chancellor Angela Merkel as the next leader of Germany. However, she no longer plans to run in the 2021 general elections. Yahoo Finance’s Oscar Willams-Grut joins On the Move with the details. …read more […]

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Trading Ideas

Sprint’s Fate: Either No T-Mobile Deal or a Lower Takeover Price

(Bloomberg) — Shares of Sprint Corp., meant to be acquired by T-Mobile US Inc. in a pending $26.5 billion takeover, spent the past year in a steady swoon — and that was fine with Deutsche Telekom AG, T-Mobile’s parent company.Federal regulators have approved the combination of the two smallest national wireless carriers, but a group of state attorneys general has sued to block the deal, saying it could reduce competition and harm consumers. A federal judge has heard testimony from both sides and is expected to return with a decision within weeks.Sprint’s value has eroded as the deal hangs in …read more […]

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Business News

Amazon wants Trump to testify on ‘order to screw Amazon’ in Pentagon deal

Amazon Web Services said on Monday it was seeking to depose President Donald Trump and Defense Secretary Mark Esper in its lawsuit over whether the president was trying “to screw Amazon” when it awarded a Pentagon contract for cloud computing to rival Microsoft Corp.

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