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AT&T snatches up wireless spectrum licenses from EchoStar for $23 billion
AT&T will spend $23 billion to acquire certain wireless spectrum licenses from EchoStar, a significant expansion of AT&T’s low- and mid-band coverage networks. AT&T said Tuesday that the licenses cover virtually every U.S. market — more than 400 total — which the company plans to deploy as soon as possible[...]
Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Trump moved to oust Fed Governor Lisa Cook, citing fraud claims. Cook rejected the move, saying the president has no authority to remove her.
Elon Musk sues Apple, OpenAI in antitrust AI lawsuit
Elon Musk filed a federal antitrust lawsuit against Apple and OpenAI, alleging they conspired to block AI competition in the App Store.
Powell signals possible Fed rate cut, faces Trump pressure
Powell signals Fed could cut rates by September, balancing inflation and growth risks amid Trump pressure.
European postal services halt U.S. package shipments
Postal services in Germany, Italy, Sweden and more are suspending shipments to the U.S. as new import duties take effect Aug. 29.
Keurig Dr Pepper buys Peet’s for $18 billion and plans split into coffee and beverage companies
Keurig Dr Pepper to buy Peet’s Coffee owner JDE Peet’s for $18B, then split into separate coffee and beverage companies.
Trump says Intel agreed to give US a stake in its company
Trump says Intel agreed to give the U.S. a 10% stake after meeting with CEO Lip Bu Tan, days after he urged Tan to resign over China ties.
Consumer watchdog ends investigation into buy now, pay later company linked to Donald Trump Jr.
The CFPB ended its probe into Credova, a buy now, pay later firm tied to Donald Trump Jr., calling the investigation politically motivated.
Canada will match US tariff exemptions under USMCA trade pact, Prime Minister Carney says
Canada will drop retaliatory tariffs to match U.S. USMCA exemptions, a move Prime Minister Mark Carney says aims to reset trade talks.
Powell signals Fed may cut rates soon even as inflation risks remain
Fed Chair Jerome Powell said a rate cut may come in the months ahead but gave no timing, citing risks from both inflation and unemployment.
Walmart helps pull Wall Street to its 5th straight loss
Wall Street fell to a fifth straight loss on Thursday, hurt by a drop for Walmart and dampened hopes for coming cuts to interest rates. The S&P 500 slipped 0.4%. All its losses have been relatively modest, but it has not risen since setting an all-time high last Thursday. The Dow Jones Industrial Average dropped 152 poin[...]
Trump administration is reviewing all 55 million foreigners with US visas in growing crackdown
WASHINGTON (AP) — The Trump administration said Thursday that it is reviewing more than 55 million people who have valid U.S. visas for any violations that could lead to deportation, marking a growing crackdown on foreigners who are even permitted to be in the United States. In a written answer to a question from The Associa[...]
