Finance

The U.S. government has outlined key concerns about Broadcom‘s proposed merger with Qualcomm, including national security and a risk that Qualcomm could lose ground to China in developing 5G wireless network technology. “Qualcomm has become well-known to, and trusted by, the U.S. government,” the Treasury Department wrote to lawyers involved in the deal on Monday.
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“Clearly it’s a coordinated, grand investigation. I would expect it’s going to continue throughout this year,” Gottlieb said. He is representing PlexCorps, which faces SEC fraud charges regarding its initial coin offering. About 80 firms have received subpoenas so far, according to a source. CoinDesk also reported a similar estimate, citing lawyers. The SEC did
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Trump’s proposal was widely condemned across the globe. Canada’s Prime Minister, Justin Trudeau, said any U.S. tariffs on steel and aluminum imports would be “absolutely unacceptable” and European Commission President Jean-Claude Juncker said it “can only aggravate matters.” Critics have also warned that tariffs will result in higher prices for consumers. On Thursday, Toyota said
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Check out the companies making headlines after the bell Thursday: American Outdoor Brands shares plummeted more than 16 percent after the bell. The firearms and outdoor products manufacturer reported earnings per share that beat expectations but fell short on everything else. Revenue missed estimates by nearly 10 percent and guidance was extremely weak. The company
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Ameriprise Financial Services steered retirement savers into higher cost mutual funds than they needed, allowing it to benefit from higher sales fees while dinging investment returns, the Securities and Exchange Commission said Wednesday. The Minneapolis-based brokerage and investment advisor agreed to settle the agency’s charges that it recommended the higher fee products and didn’t waive
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Bitcoin is up several hundred percent from less than $1,000 early last year. It is the first application of blockchain technology, which eliminates the need for a third party such as a bank by creating a near-instant, permanent and secure record of transactions. The American inventor remains a supporter of the cryptocurrency, which he initially
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Warren Buffett believes long-term investors should buy stocks over bonds. “If you had to choose between buying long-term bonds or equities, I would choose equities in a minute,” he told CNBC’s “Squawk Box” on Monday in a wide-ranging interview. “If I were going to own a 30-year government bond or own equities for 30 years,
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Warren Buffett’s Berkshire Hathaway on Saturday reported a record quarterly and annual profit, benefiting from a lower U.S. corporate income tax rate. Fourth-quarter net income increased roughly fivefold to $32.55 billion, or $19,790 per Class A share, from $6.29 billion, or $3,823 per share, a year earlier. Quarterly operating profit for the Omaha, Nebraska-based conglomerate
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