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What you need to know on Wall Street today
Hello. Here's what you need to know on Wall Street today.
President Donald Trump told White House reporters on Tuesday that AT&T's proposed acquisition of Time Warner is "not good for the country."
His comments echo sentiments he voiced on the campaign trail in October 2016, and they come one day after the US Department of Justice sued to block AT&T's $84.5 billion takeover of Time Warner.
Elsewhere in the telecom world, the FCC just released its plan to repeal Obama's internet neutrality rules. The final draft of the closely watched plan would let internet providers block apps and create fast lanes — read the full plan.
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Uber reportedly paid hackers $100,000 to cover up a cyberattack that exposed the personal data of 57 million people — here's how they hid the breach.
Meg Whitman, one of Silicon Valley's best-known execs, is stepping down from the CEO job at Hewlett Packard Enterprise. She told employees that news of her departure should come as "as no surprise."
Meanwhile on Wall Street, Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering, according to a note to investors seen by Business Insider.
In other news:
- how to make a killing in the market this Black Friday
- Senate GOP tax bill fails a key test
- doubled his bitcoin forecast to $11,500
- Amazon's move into pharma
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he here's how to pick the perfect wines for the holiday season.
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