Markets

Jun13, 2018

AT&T-Warner acquisition approved

AT&T-Warner trumps lawsuit On Tuesday, Judge Richard Leon approved AT&T’s acquisition of Time Warner Cable – a deal worth $85 billion, one of the biggest acquisitions in the 2000s. The acquisition created a massive six-week antitrust trial, as AT&T’s massive…
Jun13, 2018

ZTE stock tumbles after settlement

ZTE takes 1-2 punch in last week On Wednesday, tech firm ZTE resumed trading for the first time in eight weeks after the US Commerce Department issued a ban on all domestic exports to the company. Moreover, the US government…
Jun12, 2018

Delaware and New Jersey Legalize Sports Betting

Last Tuesday, Delaware became the first state outside of Nevada to offer sports betting. On this historic day, $322,135 of bets were placed, including a $10 bet on the Philadelphia Phillies by Delaware Gov. John Carney (Phillies won 6-1). This…
Jun11, 2018

Fitbit’s share value surged on Monday

Citron bets on Fitbit Wearable technology company Fitbit saw its stock rise 15% on Monday after praise from short-seller Citron Research. The firm, which recently forecasted Snapchat’s turnaround, reported that Fitbit’s stock price could increase by more than 200% in…
Jun11, 2018

American Express to roll out eco-friendly card

AMEX shows it’s not all about the money American Express announced Monday that it will soon offer a credit card manufactured from plastic trash recycled from the Earth’s oceans. Although the movement will not do much to remove plastic from…
Jun11, 2018

Crypto exchange Coinrail gets hacked

When will cryptocurrencies be regulated? Korea-based cryptocurrency exchange firm Coinrail got hacked on Sunday, losing $40 million in altcoins – coins that aren’t Bitcoin or Ethereum. Unfortunately for crypto investors, the coins were not stolen from the company itself; instead,…
Jun07, 2018

Coinbase on track to be regulated financial business

Don't sleep on crypto The cryptocurrency exchange company Coinbase reported on Wednesday that it has bought three companies that will allow it to soon become a fully-regulated company. In one deal, its parent company Key Acquisition purchased financial tech firms…
Jun07, 2018

Trade deficit reaches seven-month low

Controversial tariffs not making waves yet The Commerce Department announced on Wednesday that the trade deficit dropped 2.1% in April, making the month’s deficit $46.2 billion. This figure is down 2.1% month-to-month, with March’s deficit valuing at $47.2 billion. Both…
Jun05, 2018

Twitter Joins S&P 500

Don’t sleep on Twitter Five years after its initial public offering, Twitter will join the S&P 500. Twitter will replace Monsanto as the latest company in the S&P 500, a stock market listing of the largest companies traded on the…
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