Month: August 2018

The judge who allowed AT&T’s mega-merger with Time Warner was clearly wrong in concluding the marriage won’t harm consumers, the Trump Justice Department argued Monday in challenging the decision. U.S. District Judge Richard Leon misunderstood the complexities of the booming pay-TV market and the nature of AT&T’s competitors, the department’s antitrust regulators asserted in their filing. Leon’s June ruling opened the way for one of the biggest media deals ever: phone and pay-TV titan AT&T’s $81 billion takeover of Time Warner, the owner of CNN, HBO, the Warner Bros. movie studio, “Game of Thrones,” A-list sports programming and …read more […]

The shale driller remains very optimistic about what lies ahead. …read more […]

President Trump tweeted Sunday morning that his burgeoning trade wars with China and other countries will have a very specific benefit to the U.S.: bringing down the national debt. “Tariffs are working big time,” Trump tweeted, adding, “Because of Tariffs we will be able to start paying down large amounts of the $21 Trillion in debt that has been accumulated, much by the Obama Administration, while at the same time reducing taxes for our people. First, the president portrays tariffs as taxes on foreign companies, but the truth is that many U.S. companies, and ultimately consumers, bear the …read more […]

Etsy (NASDAQ:ETSY) announce its latest quarterly earnings results late in the day Monday, posting revenue that was better than analysts were calling, sending shares soaring after hours. The e-commerce site for handmade and vintage items said that for its second quarter of fiscal 2018, it brought in net income of $3.4 million, or 3 cents per share. Wall Street said in its consensus estimate that it was calling for the company to amass net income of 4 cents per share. …read more […]

Find out which of these companies sees trouble ahead. …read more […]

Bad news from its Q2 results continues to plague the struggling biotech. …read more […]

Learn why the Oracle of Omaha had reason to celebrate. …read more […]

CNBC’s Julia Boorstin reports on Twitter’s decision to not suspend Infowars publisher and Alex Jones’ Twitter account after Google, YouTube, and Apple banned accounts. …read more […]

A nasty PR backlash, tougher competition, and high spending requirements could prevent Google from making a comeback in China. …read more […]

A deal with Pfizer has investors smiling, but there’s no way to analyze the value to the company. …read more […]