(Bloomberg) -- A House panel investigating big tech companies for potential antitrust violations is seeking information from customers of Amazon, Apple, Google and Facebook about the state of competition in digital markets and the adequacy of existing enforcement, according to documents reviewed by Bloomberg.It’s the latest development in the bipartisan congressional investigation being conducted by House antitrust subcommittee chair David Cicillini, a Democrat from Rhode Island.The eight-page survey doesn’t mention any companies by name, but it seeks information about the industries they ...
Stocks of video game makers, such as Activision Blizzard (NASDAQ: ATVI) and Electronic Arts (NASDAQ: EA), are impressing this year. ESPO and rival ETFs are largely viewed as thematic investments, but that status should not dissuade investors, particularly not when the underlying instrument is effectively structured, as is the case with ESPO.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the iPhone maker, a Big 3 automaker and a restructured industrial company. Bearish calls ...
After strong market gains through the summer, August was a volatile month for the stocks. The S&P 500 fell 5.6% in the first week, then bounced around for three weeks before charging into September with another 5.6% shift – a surge back up to its current 3,007.The stock market turnaround is just one of several positive economic indicators so far this month. The August jobs report, while showing low job creation numbers, also showed increasing wages, and last week, Labor Department numbers showed that there are 1.17 million more jobs than openings in the US. It’s a bright picture. But not ...
In fact, I think the old sobriquet, “corporate raiders”, was more accurate. The telecoms group, which orchestrated a controversial and ill-advised merger with Time Warner last year, is an underperforming, mismanaged dodo bird of a company — big enough to have racked up $190bn in debt yet not large enough to fend off the Big Tech apex predators ready to eat its lunch. in AT&T, says the company “not only failed to keep pace with the broader market, but has actually underperformed by over 150 percentage points” over the past decade.
Apple TV+ premiered its first show at the Tribeca TV Festival on Saturday, flaunting feminist snark, lavish period costumes and a star-studded cast in "Dickinson," a series that sheds a modern light on the life of an iconic American poet. Emily Dickinson, the prolific American poet, is played by Hailee Steinfeld, the pop star whose breakout vocal performance in Pitch Perfect 2 and debut single "Love Myself" made her a teen idol - a casting decision that Apple is likely betting on to draw young, loyal fans to the streaming service. Steinfeld's Dickinson is a firebrand who writes poetry ...
Last year, Apple (AAPL) was the first publicly listed company to be valued at a trillion dollars. The tech giant has been an innovator since its inception.
This weekend's Barron's offers a look at what's in store for North American railroad stocks. Other featured articles discuss changing oil stock dividends and potential results from a major media merger. "Railroad Stocks Could Run Out of Steam" by Bill Alpert suggests that cost-cutting is boosting profits for North American railroads, but declining freight volumes and increasing competition from truckers may pull the brakes on growth at the likes of CSX Corporation (NASDAQ: CSX).
Apple introduced its 2019 line of smartphones Tuesday, and pre-orders have now started. Like previous devices, the iPhone 11 features technology that has been available to Android users for some time. Today, I want to compare features of Android smartphones you can get today with those of Apple’s latest flagship smartphone.
(Bloomberg Opinion) -- Vinyl records, paper books, glossy magazines – all should be long dead, but they’re refusing to go away and even showing some surprising growth. It’s probably safe to assume that people will always consume content in some kind of physical shell – not just because we instinctively attach more value to physical goods than to digital ones, but because there’ll always be demand for independence from the huge corporations that push digital content on us.According to the Recording Industry Association of America, vinyl album sales grew 12.9% in dollar terms to $224 million ...
(Bloomberg) -- The next generation of telecommunications technology could be the key to ending years of stagnation in the industry. But it’s also set to create a difficult dilemma for European phone companies.Carriers shelled out $80 billion to power the world’s antennas last year, according to Nokia Oyj. The prospect of having to raise spending on electricity – energy demand could triple with the introduction of 5G equipment, according to industry body GSMA – won’t sit well with phone companies that are already struggling to pay their dividends. At the same time, firms such as BT Group Plc ...
Keep betting on Larry Culp to turn around General Electric. One year into his tenure at the top, Culp faces steep challenges, and the stock market isn’t yet convinced he can pull it off. A corporate turnaround has three phases.
Andrew Sheets, chief cross-asset strategist at Morgan Stanley, who says the global economy may be about to surprise the world and investors are not ready for it.
