China Telecom: The FCC bans the company from operating in the United States

China Telecom: The FCC bans the company from operating in the United States

The U.S. Federal Communications Commission said Tuesday it has ordered China Telecom to suspend U.S. services within 60 days, citing the findings that the company’s U.S. subsidiary is “subject to the exploitation, influence and control of the Chinese government.” The company is also “in all likelihood compelled to comply with requests from the Chinese government … Read more

Cramer rejects calls to break up Big Tech, saying the U.S. government is wrong to target it

CNBC’s Jim Cramer said on Wednesday that he is opposed to the government’s efforts to break up US technology giants like Amazon and Apple. “You will hate big technology for being too powerful, go straight ahead, but I think it’s insane that our government is targeting them,” the “Mad Money” host said, referring to recent … Read more

Cigarette sales in America were declining. Then Covid hit

Cigarette sales in America rose last year for the first time in two decades, says a new report from the Federal Trade Commission. It was only a small increase of 0.4% – the total number of cigarettes sold to wholesalers and retailers nationwide increased by about 8 million, from 202.9 billion in 2019 to 203.7 … Read more

Hertz is teaming up with Uber to offer 50,000 Tesla rentals

Hertz Global Holdings Inc. said Wednesday that it connects with Uber Technologies Inc. to make 50,000 Teslas available in Uber’s carpooling network by 2023, the latest in the rental car company’s efforts to create momentum after bankruptcy. The deal comes days after Hertz, which collapsed in bankruptcy at the start of the Covid-19 pandemic last … Read more

Alphabet and Microsoft rise to records after earnings in the third quarter of 2021

Alphabet CEO, Sundar Pichai, gestures as he speaks during a discussion on artificial intelligence at the European economic think tank Bruegel in Brussels, Belgium, on January 20, 2020. Geert Vanden Wijngaert | Bloomberg | Getty pictures Shares of Alphabet and Microsoft rose to record highs on Wednesday after both companies reported third-quarter results that exceeded … Read more

Alec Baldwin shoots press conference by police

This aerial photo shows a movie set at Bonanza Creek Ranch in Santa Fe, NM, Saturday, October 23, 2021. Actor Alec Baldwin fired a prop pistol at the set of a western filmed at the ranch on Thursday, October 21, killing the film photographer, said officials. Jae C. Hong | AP Investigators investigating the death … Read more

Coca-Cola CEO expects to see sporadic product shortages until 2022

James Quincey, CEO of The Coca-Cola Company, speaks during an interview with CNBC on the floor of the New York Stock Exchange on December 9, 2019. Brendan McDermid | Reuters Coca-Cola CEO James Quincey said on Wednesday that he expects to see sporadic shortages of grocery shelves by 2022. Like other food and beverage companies, … Read more

Bank of Canada warns of prolonged inflation, ending bond buying program

OTTAWA – Bank of Canada warns that inflation will remain higher for longer than previously anticipated, signaling that a rate hike may come faster than expected. The central bank said on Wednesday that it now predicts that annual inflation will continue their upward swing throughout the rest of the year with an average of 4.75 … Read more