Month: April 2020

No Picture
Trading Ideas

Pentagon Watchdog Clears Microsoft’s Cloud Win Over Amazon

April 15, 2020 admin Comments Off on Pentagon Watchdog Clears Microsoft’s Cloud Win Over Amazon

(Bloomberg) — The Defense Department’s watchdog found no evidence that the Pentagon’s controversial decision to award a $10 billion cloud-computing contract to Microsoft Corp. was the result of interference from President Donald Trump, though it said its probe was limited by the White House.The 317-page report issued Wednesday by the inspector general’s office also found that giving the JEDI contract to a single company — Microsoft — rather than dividing it among competitors was “consistent with applicable acquisition standards.”While the Joint Enterprise Defense Infrastructure project was hotly disputed by rival technology companies from the start, the project gained broader attention …read more […]

No Picture
Trading Ideas

The federal government needs to take a role in ‘encouraging, counseling, advising governors about how they can serve the national interest’: Harvard Professor

April 15, 2020 admin Comments Off on The federal government needs to take a role in ‘encouraging, counseling, advising governors about how they can serve the national interest’: Harvard Professor

President Trump claims he has ‘total’ authority to reopen the economy, but state governors say otherwise. Professor at Harvard Law School Mark Tushnet joins Yahoo Finance’s On The Move to break down who has the power to reopen the economy. …read more […]

No Picture
Business News

U.S. retail sales, factory output sink as economy reels from coronavirus

April 15, 2020 admin Comments Off on U.S. retail sales, factory output sink as economy reels from coronavirus

U.S. retail sales suffered a record drop in March and output at factories declined by the most since 1946, buttressing analysts’ views that the economy contracted in the first quarter at its sharpest pace in decades as extraordinary measures to control the spread of the novel coronavirus shut down the country.

…read more […]

No Picture
Business News

U.S. probe unable to rule out White House influence on JEDI contract awarded to Microsoft, not Amazon

April 15, 2020 admin Comments Off on U.S. probe unable to rule out White House influence on JEDI contract awarded to Microsoft, not Amazon

The Pentagon’s inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp over Amazon after several officials said their conversations were privileged “presidential communications.”

…read more […]