The U.S. Federal Communications Commission will block some Obama administration rules that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc. Federal Communications Commission Commissioner Ajit Pai and FCC Chairman Tom Wheeler testify at a House Appropriations Financial Services and General Government Subcommittee hearing on the FCC’s FY2016 budget, on Capitol Hill in Washington March 24, 2015.
Day: February 24, 2017
DISH Network Corporation (DISH) Receives Equal Weight Rating from Barclays PLC
Barclays PLC currently has a $62.00 price target on the stock, up from their prior price target of $59.00. DISH has been the topic of a number of other research reports.
Wall Street Week Ahead: Record-Setting Stock Rally Faces Test in Trump Speech
U.S. President Donald Trump’s planned economic agenda has fanned the flames forWall Street’s record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague. The benchmark S&P 500 has surged 10 percent since Trump’s Nov. 8 election, with optimism running high over the Republican administration’s domestic proposals, including plans to reform taxes paid by businesses.
5 Things Republicans Want To Change About Obamacare But Might Not Be Able To
One of President Donald Trumps major campaign talking points was that he and the Republican-controlled Congress would repeal and replace the Affordable Care Act . Despite a major Republican election victory, that task may still be easier said than done.
‘It transformed me’: Donna Brazile reflects on ‘constant…
Outgoing Democratic National Committee chair Donna Brazile, in some of her first public comments since the presidential election, opened up Friday about how Russian hacking of the DNC last year colored not only the outcome of the election but also her personal experience in politics. In an interview with Business Insider at the DNC winter meeting on Friday, the chair reflected on the effects of the release of hacked emails from the committee and Hillary Clinton’s campaign chairman that were published by WikiLeaks last year.
Here’s how thoroughly the smartphone has annihilated other…
Mobile World Congress, the smartphone world’s biggest conference of the year, kicks off in a few days. Though Samsung’s Galaxy S8 isn’t likely to make an appearance, several new, not-crazily-different phones are still expected to be on display.
Al Gore just sold $29 million of Apple stock
Former US Vice President Al Gore sold 215,437 shares of Apple this week at an average price of $136.72 per share – a transaction netting him about $29.4 million. The sales appear to represent a significant portion of Gore’s stake in the iPhone maker.
Activists gave out Russian-style Trump flags at CPAC: ‘You…
As President Donald Trump began to deliver his speech at the Conservative Political Action Conference in Maryland on Friday, he was met with plenty of miniature Russian-style flags. The flags were embroidered with a gold “TRUMP” logo, in a font similar to what is typically used on products and architecture that bear his name.
Calling a Market Top; The Price Is Wrong: Jim Cramer’s Best Blog
Jim Cramer ponders what motivates someone to call a market top, and talks about how the market could be playing ‘The Price Is Wrong.’ Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas.
LEGO Film Creator Says Digital Disruption Pushing Hollywood to Take ‘Bigger Risks’
While movie die-hards debate whether “La La Land” or “Fences” will take home the Best Picture honor at Sunday’s Academy Awards, Hollywood is facing a tough reality – how to keep people coming to the theater. Box office revenue and ticket sales have plateaued over the past few years, and even faced a slight decline from last year, according to The-Numbers, a site that analyzes movie data and trends.
Should investors avoid retail ahead of potential border tax?
Feb. 24, 2017 – 6:18 – M.D. Sass CEO Martin Sass on potential fallout from a border tax and the stocks that should be on investors’ radars.
The one stock you should consider in this market
Feb. 24, 2017 – 6:44 – Morgan Stanley Wealth Management Executive Director Daniel Skelly on the potential impact of President Trump’s economic policies on the markets.
WCCO radio to be under new ownership as CBS Radio merges with Entercom
The tax-free merger marks the second time WCCO has shifted ownership since its start more than 90 years ago. CBS Radio bought the station from General Mills predecessor Washburn-Crosby Co.
UTA Rally: Asghar Farhadi Stresses Unity During a “Time When Some…
Asghar Farhadi applauded the unity shown by the cinema community in his address at UTA’s “United Voices” rally on Friday afternoon. The Iranian director, whose movie The Salesman is nominated for best foreign-language film, spoke via video message from Tehran to the rally crowd of more than 1500 who gathered outside the agency’s Beverly Hills offices.
CBRE Group: Cramer’s Top Takeaways
In an “Executive Decision” segment, Cramer also checked back in with Bob Sulentic, president and CEO of the real estate investment trust CBRE Group , which has seen its stock rise 19% since Cramer last spoke with Sulentic just three months ago . Sulentic said the fundamentals of the real estate market are a lot better than people think, which has led CBRE to have not only a nice quarter but a strong year overall.
Live Nation: Cramer’s Top Takeaways
For his “Executive Decision” segment, Cramer checked in with Michael Rapino, president and CEO of Live Nation Entertainment , a stock that’s up 44% since Cramer last spoke with him a little more than a year ago – but also one that fell 3% in today’s session on what appeared to be solid quarterly results. Rapino said he’s very proud of this quarter’s results and of Live Nation’s record year in 2016.
Intel and Samsung’s Latest 4G Modem Launches Should Make Qualcomm a Little Nervous
Since Qualcomm has a near-monopoly position in the 4G LTE and 3G EV-DO modem markets, Apple and others have argued, phone makers have had little choice but to agree. and to a lesser extent Samsung are welcome news for Qualcomm, since their feature sets give Qualcomm more ammo for its claim that its chip customers have plenty of alternatives.
FCC head puts the brakes on new ISP privacy rules
In the latest chip at net neutrality , Federal Communications Commission has Chairman Ajit Pai has moved to put a halt to a set of privacy rules designed to shield customers’ personal data from internet service providers. The rules were approved by the FCC under former Chairman Tom Wheeler back in October and would have required an ISP to ask for a user’s explicit permission before collecting data on browsing habits, app usage and location or financial information.
It looks like the FCC wants to roll back rules that’d force…
Federal Communications Commission boss Ajit Pai is pushing to halt part of an Obama-era set of privacy rules that would require internet service providers to get explicit consent before they share consumers’ browsing data and other personal information with advertisers. Some background: Those rules were approved this past October under previous FCC chairman Tom Wheeler, who stepped down once President Trump took office .
Details Still Missing on Republicans’ ‘Once in a Generation’ Tax Plan
The GOP has lit a match on tax reform, but nobody seems to know the length or texture of the fuse. “Are you ready to tear this tax code up by its roots?” Ways and Means Committee Chairman Kevin Brady asked the audience as he took the stage at the Conservative Political Action Conference in Washington, D.C. on Friday.
Trump Administration’s Possible Cannabis Crackdown Could Backfire With Businesses, Voters
Recent administration comments at CPAC have led some to believe the administration will go to war with states over legalization. Recent administration comments at the Conservative Political Action Conference in Washington, D.C., have led some to believe the administration will go to war with states over legalization.
Accessing Fidelitya s Quant Research Through Passive ETF Options
As more money managers help expand the exchange traded fund universe, investors are now able to capitalize on established management team’s research capabilities and investment styles.
5 Recalls this week: Toddler swings, toys, chain saws
More than 500,000 toddler swings are being recalled because the seat can crack or break. Other recalled consumer products include toys with potentially dangerous battery components and chain saws with leaky fuel lines.
FCC Chairman Goes After His Predecessor’s Internet Privacy Rules
The newly appointed Republican chairman of the Federal Communications Commission is moving to scale back the implementation of sweeping privacy rules for Internet providers passed last year. Chairman Ajit Pai on Friday asked the FCC to hit pause on the rollout of one part of those rules that was scheduled to go into effect next week.
Recent college grads now more likely to have good jobs, opportunity
Film Major Paul Lurie uses his graduation cap to help his job search at the Wang Center during Emerson College’s 124th commencement ceremony. It reads, “Will write for food.”
Doubts grow over stock marketa s Trump-inspired surge
President Donald Trump acknowledges the crowd after he addressed the Conservative Political Action Conference at the Gaylord National Resort and Convention Center February 24, 2017 in National Harbor, Maryland. While American stock markets have enjoyed a good run since Trump’s election, there are beginning to appear some concerns over whether the so-called “Trump Effect” will last.
Schwarzman’s $425 Million Payout Leads Private Equity Titans
The Blackstone Group LP co-founder received $378 million in dividends on his stock ownership in 2016, according to calculations based on the firm’s annual report filed Friday with U.S. regulators. Add that to his cut of deal profits, salary and other compensation, and Schwarzman took home $425 million, down from $734.2 million the previous year.
Aflac Starts Infrastructure Debt Investing in U.S., Japan
Aflac Inc., the largest seller of supplemental health insurance, has started betting on infrastructure debt at its U.S. and Japan businesses. The insurer, which pushed into that asset class in the fourth quarter, invested $13 million in the debt last year at its Japan operation and $2 million at its U.S. business, according to a regulatory filing Friday.
Petrobras settles four more lawsuits with investors in the U.S.
Feb 24 Brazil’s state-run oil company Petroleo Brasileiro SA, or Petrobras, said on Friday its board has approved settlements with investors in four more lawsuits in a U.S. federal court in New York. In a securities filing, Petrobras said the new settlements would raise total provisions for the lawsuits to $372 million in the fourth quarter, $8 million above the quarter ended in September.
BRIEF-Stephen Sherwin to from Rigel Pharmaceuticals board
WASHINGTON, Feb 24 The U.S. Federal Communications Commission will block some Obama administration rules that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc.
11 Ways to Get the Lowest Mortgage Refinance Rate
In the hunt for the lowest mortgage refinance rate, there are some things you can control and some you can’t. Rates moving up just when you’re about to refi? Can’t control that.
11 Ways to Get the Lowest Mortgage Refinance Rate
In the hunt for the lowest mortgage refinance rate, there are some things you can control and some you can’t. Rates moving up just when you’re about to refi? Can’t control that.
Why Your Tax Refund Is Ideal for Paying Credit Card Debt
If you’ve ever promised to pay off your credit card debt “when you have more money,” now’s your chance. The Internal Revenue Service estimates that 70% of taxpayers will get refunds this year.
Why Your Tax Refund Is Ideal for Paying Credit Card Debt
If you’ve ever promised to pay off your credit card debt “when you have more money,” now’s your chance. The Internal Revenue Service estimates that 70% of taxpayers will get refunds this year.
Week in Review, February 25
Carlos Tavares, PSA chief executive, this week laid out his vision for Opel as a global, profitable entity if General Motors agrees to sell the European brand to the French carmaker, writes Peter Campbell . He said the marque, which owns Vauxhall in the UK and has been lossmaking since the turn of the century, would be exported to markets where Peugeot and Citroen are not strong in the future.
Cigna, Humana Among Insurers Meeting with Trump on Monday
Representatives from Cigna , Humana and the Blue Cross Blue Shield Association are all scheduled to meet with U.S. President Donald Trump on Monday, the companies confirmed on Friday. Cigna’s CEO David Cordani and Humana CEO Bruce Broussard will attend, representatives from both companies said.
Alphabet’s Google to Shut Down Messaging App ‘Spaces’
Alphabet’s Google will shut down its messaging app “Spaces” on April 17. “Spaces” was the company’s attempt to get in on the group messaging space, allowing users to join small groups to discuss various topics. Its key feature was that it allowed users to pull in Google’s search services and YouTube videos automatically.
Tesla’s Musk Hints at Another U.S. Gigafactory
In the letter to shareholders on Thursday, Tesla announced plans to build several Gigafactories, with locations to be announced later this year. Two are expected to be in Asia and Europe.
HP Enterprise’s Struggles Might Have a Lot to Do With Microsoft
Weak demand from an unnamed “tier-1 service provider” is hurting HPE’s server sales and portends some troubling developments. Microsoft’s cloud unit is the most likely culprit.
Using ETFs to Control Volatility in International Investments
Many may be wary of overseas risks, but more are looking toward global assets to diversify away form an extended bull run at home. Through an active international exchange traded fund strategy, investors can also limit risks while gaining exposure to the growth potential of foreign economies.