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Business News

Democrats to probe Trump actions on AT&T, Amazon: aide

When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior Democrat and a congressional aide said on Sunday.

…read more […]

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Business News

Democrats to probe Trump actions on AT&T, Amazon: Axios

When Democrats take control of the U.S. House they plan to investigate the Trump administration’s attempt to block AT&T Inc from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior Democrat said on Sunday.

…read more […]

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Business News

Democrats to probe Trump actions on AT&T, Amazon.com: Axios

When Democrats take control of the U.S. House they plan to investigate the Trump administration’s decision to try to block AT&T Inc from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior Democrat said on Sunday.

…read more […]

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Business News

Alibaba Singles’ Day sales hit $10 billion in first hour

Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles’ Day on Sunday, up roughly 21 percent from last year’s early haul of 57 billion yuan. Singles’ Day is the world’s biggest online sales event and last year netted Alibaba 168 billion yuan ($24.15 billion) in total sales.

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Trading Ideas

What Cheesesteaks Can Tell Us About the Markets

Another election is in the books. And the pollsters proved pretty accurate this go-round, with few surprises from the ballot box.

We were left with two major takeaways from the 2018 midterm elections. One is that Democrats will be in charge of the House in January. The other is that Republicans held on to the Senate. Despite initial hints of a bilateral infrastructure plan in 2019, I’d like to make a bold prediction…

The catchphrase for 2019 will be “partisan divide.”

The Federal Reserve Bank of Philadelphia actually keeps tabs on this sort of thing. Its Partisan Conflict Index tracks political disagreement. It …read more […]