AT&T, Verizon proposes 5G limits to break air safety standoff

AT&T Inc. and Verizon Communications Inc. said they will limit some of their fifth-generation wireless services for six months while federal regulators review the effects of the signals on flight sensors, an attempt to remedy a conflict that has plagued both industries. The mobile carriers detailed the proposed limits on Wednesday in a letter to … Read more

Jamie Dimon says he regrets the joke about JPMorgan outlasting China’s Communist Party

JPMorgan Chase & Co. CEO Jamie Dimon on Tuesday made a direct remark about the US banking giant’s ability to survive China’s Communist Party, a few days after he made a whirlwind trip to the Chinese financial center in Hong Kong due to a state travel exemption. “I was just in Hong Kong and I … Read more

Walgreens, Walmart and CVS pharmacies contributed to the opioid epidemic, Ohio jury findings

A federal jury in Cleveland on Tuesday found that the companies that own CVS, Walgreens and Walmart pharmacies were responsible for contributing to the opioid epidemic in two Ohio counties – the first, potentially influential verdict among many lawsuits against pharmacy chains. In the case, attorneys for Lake and Trumbull counties in northeastern Ohio had … Read more

Tesla’s Musk sells shares again. Here’s when it might end.

Tesla CEO Elon Musk is back selling shares. All of the new sales announced Tuesday took place on the same day. All of Tuesday’s sales are part of a pre-agreed plan to exercise expiring management stock options. And while the option-related activity is not unexpected, investors still want to know when Musk’s sale will end. … Read more

Samsung chooses Taylor, Texas, for $ 17 billion Chip-Making Factory

Samsung Electronics Co. plans to build a $ 17 billion chip plant in Taylor, Texas, according to people familiar with the matter, a mega-investment from the South Korean technology giant as the Biden administration pushes for an expansion of U.S. semiconductor production. A message may come as early as Tuesday, people with knowledge of the … Read more

Jerome Powell is facing a completely different economy in a different period

During his first term in office, Jerome Powell undoubtedly became the most dove-like president in the modern history of the Federal Reserve, prioritizing full employment in an era when inflation seemed extinct. In his second term, he may have to do the opposite: Prioritize inflation at the risk of sacrificing jobs. The focal point can … Read more

Equity futures point to gains, with Biden nominating Powell for a second term as Fed chief

U.S. stocks were heading for opening gains after news broke that President Biden would nominate Jerome Powell for another term as chairman of the Federal Reserve. The decision, revealed Monday before the stock market opened, ended a guessing game about who should lead the Fed at a time when the central bank is expected to … Read more

JPMorgan’s Jamie Dimon and Tesla’s Elon Musk feud behind the scenes

Elon Musk and Jamie Dimon are not getting along. Mr. Musk has for years rejected Mr. Dimons JPMorgan Chase & Co., has approached other banks while expanding Tesla Inc. and his broader empire. Conversations over the years between the two companies have often upset one side or the other, according to people familiar with the … Read more

Concerns in the supply chain have turned this technology stock into a bargain

Text size Cisco CEO Chuck Robbins says the company’s order cancellation rates are below historical standards despite product shortages. Christopher Goodney / Bloomberg Since supply chain problems plague the tech sector, no company emphasizes the problem more than that Cisco systems . The stock fell more than 6% on Thursday after the company reported financial … Read more

Ford and Rivian’s breakup: sour grapes, growing confidence or something else?

Text size Courtesy Rivian Ford Motor and Rivian Automotive no longer plans to develop electric cars jointly, Ford and Rivian This was confirmed by spokesmen on Friday. That’s actually not the big surprise. Still, the move may make investors wonder why joint development is not a good idea – and what the breach means for … Read more