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Monthly Archives: June 2018

DOJ will not seek a stay in AT&T merger, pending potential appeal

Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, chairman and chief executive officer of AT&T Inc., left, speaks while Jeffrey ‘Jeff’ Bewkes, chairman and chief executive officer of Time Warner Inc. The Justice Department has agreed to let AT&T complete its purchase of Time Warner, according to joint …

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DOJ won’t appeal AT&T ruling, company to close Time Warner deal shortly

Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, chairman and chief executive officer of AT&T Inc., left, speaks while Jeffrey ‘Jeff’ Bewkes, chairman and chief executive officer of Time Warner Inc. The Justice Department has agreed to let AT&T complete its purchase of Time Warner, according to joint …

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Elon Musk is ‘masterful’ at managing Wall Street short sellers

Elon Musk is “masterful” in the way he fights back against the short sellers of Tesla stock, CNBC’s Jim Cramer said Thursday. “You can’t lay a glove on him [Musk]. He floats like a butterfly, stings like a bee,” said Cramer, paraphrasing the famous quote from the late boxer Muhammad …

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The Fed steps toward an early exit from its balance sheet reduction

Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, walks through the Rayburn House Office building before a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, Feb. 27, 2018. In a move that it had telegraphed ahead of time, the Fed’s …

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Cryptocurrency ether soars 9% after SEC official says it’s not a security

The world’s second largest cryptocurrency spiked Thursday after a key Securities and Exchange Commission official made it clear that in the eyes of the agency, it’s not a security. The digital currency ether rose 8.8 percent to a high of $520.68, according to CoinDesk. Its price has struggled along with …

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James Comey used Gmail for official FBI business numerous times

Getty Images Former FBI Director James Comey testifies before the Senate Intelligence Committee on Capitol Hill June 8, 2017 in Washington, DC. James Comey used a personal Gmail account to conduct FBI business on numerous occasions when he was director of the bureau, the Justice Department’s internal watchdog revealed Thursday. …

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Trump hits Missouri’s Claire McCaskill for using plane during RV tour

Bill Clark | CQ Roll Call | Getty Images Sen. Claire McCaskill, D-Mo. President Donald Trump slammed Democratic Sen. Claire McCaskill on Wednesday over her admission that she used a private plane during part of her RV tour of Missouri last month. In a tweet, the president called McCaskill “phony” …

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Trump’s Singapore summit results match China’s game plan: Gen. Wesley Clark

Anthony Wallace | Pool | Reuters U.S. President Donald Trump and North Korea’s leader Kim Jong Un shake hands during their summit at the Capella Hotel on Sentosa island in Singapore June 12, 2018. In the short-term, many new CEOs make progress through financial engineering, showboating, and charming their shareholders. …

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Bitcoin is crashing. Here’s what it could mean for stocks

Bitcoin is now nearly a third of its record high of nearly $20,000 reached last December. To investors worried bitcoin’s bursting bubble could spill over into equities, one market watcher says the crisis is contained. “There are things to be concerned about in terms of the stock market here with …

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Greece passes fast-track reform package to unlock bailout cash

Nicolas Koutsokostas | Corbis | Getty Images A farmer holds a Greek flag in front of parliament during a protest against the government’s tax and social security reforms on February 14, 2017 in Athens, Greece. Greece’s parliament on Thursday passed a fast-track reform package to unlock bailout funds and wrap …

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