Dish Network has tough road to become competitive mobile carrier
Dish Network’s bid to become a fourth U.S. mobile carrier may cost billions more than it expected and pits it against corporate giants, but the satellite TV provider has an advantage in starting fresh with no legacy technology to maintain and deep-poc…
U.S. economy slows in second quarter; weak business investment a red flag
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
Oil up on U.S. economic data, Strait of Hormuz tanker dispute
Oil prices inched up on Friday, on track for a weekly increase, boosted by upbeat U.S. economic data and concerns over the safety of oil transport around the Strait of Hormuz.
S&P 500, Nasdaq hit record high on upbeat Alphabet earnings, GDP data
Robust earnings from Google-parent Alphabet and Twitter took the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data that showed the domestic economy slowed lesser than expected in the second quarter.
U.S. Justice Department approves $26 billion Sprint, T-Mobile merger
The U.S. Justice Department said on Friday it is approving T-Mobile US Inc’s $26 billion takeover of rival Sprint Corp, clearing a major hurdle to a deal that would merge the nation’s third and fourth largest wireless carriers.
Chevron ‘hopeful’ of U.S. approval to continue operating in Venezuela
Chevron Corp , the last U.S. oil company operating in Venezuela, said on Thursday it hopes to be able to remain in the Latin American nation as the Trump administration mulls whether to renew its license, expiring on Saturday, to do business there.
Wall Street Week Ahead: Even if Fed cut is a given, Powell seen as wild card for stock market
U.S. Federal Reserve Chairman Jerome Powell will have to walk a fine line to avoid roiling the stock market next week, even if the central bank delivers on expectations and lowers interest rates for the first time in more than a decade.
N.Y. Fed model raises U.S. third quarter GDP view above 2%
U.S. economy is growing faster in the third quarter than previously thought based on this week’s June data on durable goods orders and new home sales, the New York Federal Reserve’s Nowcast model showed on Friday.
U.S. Department of Justice approves T-Mobile, Sprint tie-up
The U.S. Justice Department said it was greenlighting T-Mobile US Inc’s request to acquire rival Sprint Corp after the companies agreed to divest Sprint’s prepaid businesses including Boost Mobile to Dish Network Corp in an effort to create a new wirel…
Twitter shares jump 10% on solid user growth, revenue beat
Twitter Inc on Friday reported better-than-expected second-quarter revenue as design changes to its microblogging website attracted more users and advertisers, sending its shares up 10%.
