The Justice Department has agreed to let AT&T complete its purchase of Time Warner, according to joint government filings, clearing the way for a quick conclusion to a deal to be completed as soon as Friday. A federal judge ruled on Tuesday that AT&T’s $85.4 billion bid for Time Warner […]
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Senators just sent a veiled message to EPA chief Scott Pruitt: Follow ethics rules
A Senate subcommittee on Thursday voiced unanimous support for a measure that called attention to the scandals that have engulfed the Environmental Protection Agency and its administrator, Scott Pruitt. The lawmakers sent a thinly veiled message to the agency and its embattled chief by including an amendment to a report […]
Julian Robertson says FANG stock valuations are ‘cheap’ versus the market
Legendary hedge fund manager Julian Robertson believes technology stocks are inexpensive compared to their growth prospects. Robertson was asked about valuations in the technology sector. “I don’t think the FANGs or the tech stocks are frothy at all. I think relative to the rest of the market never have [these] […]
Today only: JetBlue announces fares as low as $20, including the Caribbean
Today, JetBlue announced flash fares with one-way tickets as low as $20 to select U.S. cities and the Caribbean on specific flights, dates and routes. These #JetBlueFlashFares are some of the cheapest fares JetBlue has offered this year, and they’re available for a limited time (until 11:59 p.m. EST or […]
Real-estate mogul: 3 rules for flipping a home with friends or family
Self-made millionaire Sidney Torres built his fortune flipping homes in New Orleans. Today, he uses his money and expertise to help struggling property investors on CNBC’s “The Deed.” On Wednesday’s episode, Torres helps a close friend, James Brooks, finish a flip he’s been working on for more than three years. […]
Facebook’s policy and communications head is stepping down after a decade at the company
Facebook head of communications and public policy Elliot Schrage said Thursday that he is stepping down after a decade at the social media company. “After more than a decade at Facebook, I’ve decided it’s time to start a new chapter in my life. Leading policy and communications for hyper growth […]
Trump’s forecast of 4% GDP growth close to coming true as Americans spend tax bill proceeds
Armed with new found proceeds from the tax bill, American consumers went shopping in May, driving retail sales—and economic growth—sharply higher. The economy in the second quarter is tracking very close to 4 percent growth—a level President Donald Trump raved about last December, just before the tax bill was approved. […]
Here’s the new tax-advantaged way to pay alimony
As the tax advantages of alimony payments disappear in 2019, expect the individual retirement account to feature more prominently in divorce discussions. That’s a prediction from Ed Slott, CPA and founder of Ed Slott and Co. He hosted a discussion on IRA planning at the American Institute of CPA’s Engage […]
White House expects to slap tariffs on smaller list of Chinese products Friday
The White House plans to roll out tariffs Friday on a truncated list of Chinese exports, three sources familiar with the matter told CNBC. The list is expected to include between 800 and 900 products, compared to the original list of about 1,300 products published by the U.S. Trade Representative […]
Dropbox is on pace for its best day since going public
Dropbox was on pace for its best day since going public Thursday, with massive trading volumes sending shares up roughly 20 percent at their peak. The stock hit an all-time high above $38 after closing Wednesday below $32. Shares were trading at more than 5 times their normal trading volume. […]