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Monthly Archives: July 2018

Justice Department will appeal Time Warner-AT&T merger approval

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., listens during the WSJDLive Global Technology Conference in Laguna Beach, California. The Justice Department will appeal the …

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Walmart reportedly weighing Capital One, Synchrony credit card bids

Patrick T. Fallon | Bloomberg | Getty Images Cashiers ring up customers at registers inside a Wal-Mart Stores location in Burbank, California. Walmart has narrowed the competition for its credit card business to bids from two lenders, Capital One and its current card partner Synchrony Financial, according to a report …

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2018 is unique stock market year

This year has already been remarkable for the stock market because the moves seen in 2018 are unlike any in the past, according to an analysis by Bespoke Investment Group. Bespoke said in a note Wednesday that the correlation between S&P 500 closing prices in 2018 and that of previous …

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CVS, Aetna shares rise on report DoJ won’t challenge their merger deal

Cameron Costa | CNBC Larry Merlo, CEO of CVS and Mark Bertolini, CEO of AETNA appear on Squawk Box on Dec. 4th, 2017. Shares of CVS Health and Aetna rose Thursday on a report the Department of Justice won’t challenge their merger. Bloomberg reported the news, citing trade publication Reorg …

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Microsoft challenges Slack with a free tier for Teams

Stephen Lam | Getty Images Satya Nadella, CEO of Microsoft Microsoft announced on Thursday a free version of its Teams app, stepping up competition with chat service Slack. Until now, Microsoft only provided Teams to clients that pay for Office 365 and its portfolio of subscription productivity apps. Slack has …

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Ray Dalio addresses benefits, pitfalls of universal basic income

Bridgewater Associates’ Ray Dalio, the founder of the world’s largest hedge fund, is analyzing the social and financial viability of a widely debated program aimed at reducing the wealth inequality. Tweet Link “Universal Basic Income is one of several ideas floating around for dealing with the income/opportunity gap,” Dalio wrote …

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FBI agent Peter Strzok grilled by GOP in raucous Congressional hearing

Saul Loeb | AFP | Getty Images Deputy Assistant FBI Director Peter Strzok testifies on FBI and Department of Justice actions during the 2016 Presidential election during a House Joint committee hearing on Capitol Hill in Washington, DC, July 12, 2018. FBI agent and former special counsel investigator Peter Strzok, …

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Supreme Court nominee Brett Kavanaugh credit card debt

Chip Somodevilla | Getty Images U.S. Circuit Judge Brett M. Kavanaugh looks on as U.S. President Donald Trump introduces him as his nominee to the United States Supreme Court during an event in the East Room of the White House July 9, 2018 in Washington, DC.  While it’s unknown exactly …

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Marc Short and key deputy Andy Koenig to leave the White House

Brendan Smialowski | AFP | Getty Images White House Director of Legislative Affairs Marc Short attends a briefing at the White House March 16, 2018 in Washington, DC.  Two key officials in the White House’s Office of Legislative Affairs will leave in July, just as the administration gears up to …

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Zimbabwe launches space agency to modernize economy

Jekesai Njikizana | AFP | Getty Images People celebrate Zimbabwe Independence Day at the National Sports Stadium on April 18, 2018, in Harare. Zimbabwe has launched a space agency as part of a trifecta of new schemes announced this week, aimed at helping the southern African country industrialize and modernize …

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