Business News
Factbox: Merged CBS and Viacom aim to join U.S. media big league
CBS Corp and Viacom Inc on Tuesday reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart.
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Business News
Google, Facebook, Amazon to testify in U.S. against French digital tax
Alphabet Inc’s Google unit, Facebook Inc and Amazon.com Inc are among the companies that will testify Monday at a U.S. government hearing on the French government’s digital services tax.
Business News
Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump
U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales.
Business News
U.S. FTC chief says regulator is prepared to break up big tech firms: Bloomberg
The U.S. Federal Trade Commission is prepared to break up major technology companies if necessary by undoing past mergers, Chairman Joe Simons said in an interview with Bloomberg published on Tuesday, as the regulator probes anti-competitive practices in the sector.
Business News
U.S. SEC to consider new guidance on investor use of proxy advisors
The U.S. Securities and Exchange Commission (SEC) on Tuesday said it would hold a meeting next week on whether to publish new guidance regarding the responsibilities of investors when relying on so-called proxy advisors.
Business News
U.S. FTC chief says prepared to break up big tech firms: Bloomberg
U.S. Federal Trade Commission is prepared to break up major technology platforms if necessary by undoing their past mergers, Chairman Joe Simons said on Tuesday in an interview to Bloomberg, as the agency anti-competitive practices in the sector.
Business News
Shares, dollar rebound on thaw in U.S.-China trade war
U.S. and European stocks jumped, the dollar strengthened and Treasury prices rose on Tuesday after the United States said it would delay tariffs on some Chinese products, easing concerns that a protracted trade war would harm global growth.
Business News
Tech leads Wall Street higher as tariff delay sparks rally
U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally.
Trading Ideas
Don’t Wait for the Bear to Come Knocking
Guessing when the next stock market correction, bear market or black swan event will occur has turned into almost as big an event as the Super Bowl.
Everybody is in on the game, and the predictions I’ve seen range anywhere from a 25% to 40% downturn.
Experts as well-respected as Robert Shiller, a Pulitzer Prize winner in economics, have been warning about how dangerous the stock market has become.
Of course, since the 2008 to 2009 debacle, there has been an overabundance of people calling for the next big sell-off. The list has been endless.
And all the predictions don’t amount to a hill …read more […]
Business News
Wall St. rises on U.S. delay of some Chinese import tariffs
U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on select Chinese imports brought buyers back to the equities market in a broad-based rally.
Business News
ViacomCBS is just the beginning of Shari Redstone’s media deals
More than two months before CBS Corp and Viacom Inc succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger.
Business News
Oil soars near 5% as U.S. delays tariffs on some Chinese goods
Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months.
Business News
Trump backs off China tariff plan with delays for cellphones, laptops
President Donald Trump on Tuesday backed off his plan to impose 10% tariffs on remaining Chinese imports on Sept. 1, delaying duties on cellphones, laptops and many other consumer goods in the hopes of blunting their impact on U.S. holiday sales.
Business News
Facebook paid contractors to transcribe users’ audio: Bloomberg
Facebook Inc has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter.
Business News
Colgate warns Venezuelans not to buy fake imported toothpaste brands
Colgate-Palmolive Co is warning Venezuelans not buy fake versions of its toothpaste brands, leading local authorities to issue a health warning, as demand for imported products in Venezuela’s dysfunctional economy encourages the spread of knock-off goods.