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Monthly Archives: June 2018

Spotify nodding to broader ambitions hires chief content officer

Getty Images President of Conde Nast Entertainment, Dawn Ostroff speaks during the Conde Nast Entertainment Digital Content NewFronts on May 3, 2016 at Cipriani in New York City.  Spotify has hired Dawn Ostroff, a veteran television and video executive, as its new chief content officer, a move that may signal …

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US oil exports boom to record level, surpassing most OPEC nations

Eddie Seal | Bloomberg | Getty Images The Eagle Ford crude oil tanker sails out of the the NuStar Energy dock at the Port of Corpus Christi in Corpus Christi, Texas, U.S., on Thursday, Jan. 7, 2016. U.S. oil exports reached a record 3 million barrels a day last week— …

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Anthony Kennedy retiring from Supreme Court

Nominated by President Ronald Reagan and sworn in in 1988, Kennedy became a swing vote on the nine-member court. He often sided with his liberal colleagues, including in the landmark ruling that recognized same-sex marriage in 2015. “No union is more profound than marriage, for it embodies the highest ideals …

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AT&T raises most customers’ fees by $1.23, adding $800 million revenue

Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, CEO, AT&T After a costly acquisition of Time Warner, AT&T may have found a new source of revenue. The telecommunications carrier quietly bumped customers’ fees by about $1.23 each since April, which could mean an estimated $800 million in additional …

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A China Internet ETF You Should Know

Mainland-listed stocks in particular, known as A-shares, are at multi-month lows and still struggling to find a bottom. Some of the largest China ETFs are in the red — especially those invested in mainland stocks — or are barely in the black this year: iShares China Large-Cap ETF (FXI): $4.2 …

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World Cup 2018 highlights global economic shift toward China

Franck Fife | AFP | Getty Images Senegal’s goalkeeper Khadim N’Diaye stops the ball after Poland’s forward Robert Lewandowski (rear C) shot a free kick during the Russia 2018 World Cup Group H football match between Poland and Senegal at the Spartak Stadium in Moscow on June 19, 2018. As …

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Supreme Court rules in Janus labor union case

The Supreme Court ruled 5-4 on Wednesday in Janus v. AFSCME that nonunion workers cannot be forced to pay fees to public sector unions. The case, one of the most hotly anticipated of the term, is the second in two days to hand a major victory to conservatives, following Tuesday’s …

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Defending champion Germany eliminated from World Cup

TF-Images | Getty Images Joshua Kimmich and Jonas Hector of Germany look dejected after the 2018 FIFA World Cup Russia match between Korea and Germany at Kazan Arena on June 27, 2018 in Kazan, Russia. Germany is out of the World Cup, the fourth defending champion in the last five …

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China’s Baidu to buy back up to $1 billion shares

Qilai Shen | Bloomberg | Getty Images A man walks past a sign for Baidu Inc. at the entrance to the Baidu Technology Park in Beijing, China, on Friday, Nov. 25, 2016. China’s Baidu said on Wednesday its board approved a plan to buy back up to $1 billion of …

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Former Fox News co-pres Bill Shine is in final talks with Trump about becoming White House Communications Director: Sources

Lucas Jackson | Reuters Fox News President Bill Shine departs after meeting with then-President-elect Donald Trump at Trump Tower in New York, November 21, 2016. Former co-president of Fox News Bill Shine is in final discussions with President Donald Trump’s administration to become the next White House communications director, according …

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