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☆ 14 earnings reports and major economic data will be the stock market movers this week
▼ + stars: | 2024-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.

Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City

☆ Justice Department, FTC warn consumers of fraud, price gouging risks ahead of Hurricane Milton
▼ + stars: | 2024-10-09 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

As Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud, price gouging and collusion that accompanies major natural disasters. Federal Trade Commission chair Lina Khan said the FTC is "hearing troubling reports of price gouging for essentials that are necessary for people to get out of harm's way — from hotels to groceries to gas." "Companies are on notice: do not use the hurricane as an excuse to exploit people through illegal behavior," said Manish Kumar, a deputy assistant attorney general in the Justice Department's Antitrust Division. Most states have laws intended to curb price gouging, with many of these restrictions tied to declared states of emergency. Several major airlines and retailers have told CNBC in recent days that they froze prices in advance of the storm.

Persons: Hurricane Milton, Biden, Ronald C, Gathe Jr, Lina Khan, Patrick De Haan, Manish Kumar Organizations: Hurricane, U.S, Middle, Federal Trade Commission, Justice Department's Antitrust, CNBC Locations: Florida, Middle District, Louisiana

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ Google dodged a jury trial in its big adtech case with a $2,289,751 check
▼ + stars: | 2024-09-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

AdvertisementThe antitrust trial, which began on Monday and is expected to last another month, has been configured as a bench trial. The case is different from a different Google antitrust trial decided earlier this year, where a judge found the company illegally monopolized the search market. AdvertisementThe Justice Department brought five different counts against Google under the Sherman Act, the landmark 1890 law that allows for the Justice Department to break up monopolies. AdvertisementAccording to a couple of professors who the Justice Department hired to do the math, that all added up to $2,289,751. At the end of June 7 hearing, Brinkema applauded Google and the Justice Department for their clever legal arguments.

Persons: —, Department —, There's, Leonie Brinkema, Bill Clinton, Brinkema, Sherman, Gibson Dunn, Stephanie Scarbrough, Rebecca Allensworth, Allensworth, Department's, Wells Fargo, DOJ's, We're, Justice Department didn't Organizations: Service, Google, US Department of Justice, Department, Business, Justice Department, Justice, of, AP, Vanderbilt University, BI Locations: Virginia, United States, States, Eastern, of Virginia

☆ The 'Trump trade' is on pause. Political uncertainty is now in the driver's seat
▼ + stars: | 2024-07-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

It didn't take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? He talked about how interested he was in the stock market and that he wanted his kids to learn so they watched my show together. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Donald Trump, Mike Pence, Sen, JD Vance, Mary Elizabeth Lease, Joe Biden, Biden's, Trump, Biden, let's, Kamala Harris, Doug Emhoff, —, Harris, that's, Lina Kahn, Jonathan Kanter, Vance, Mark Spitznagel, Spitznagel, Bristol Myers, ., Jim Cramer's, Jim Cramer, Jim, Chris Kleponis Organizations: Republican, Populist Party, Democratic Party, Devices, Nvidia, Biden, White House, Democratic, White, Big Tech, Federal Trade Commission, Biden Democrat, Trump, Nasdaq, Street, Universa Investments, Yahoo, America, Microsoft, Google, Palo Alto Networks, Palo Alto, Starbucks, Apple, PepsiCo, Myers Squibb, Pepsi, Jim Cramer's Charitable, CNBC, US, Afp, Getty Locations: Ohio, China, U.S, Taiwan, idiocy, Bristol, . Horton, Washington ,, Pennsylvania

☆ Justice Department's antitrust division forms task force on health care monopolies and collusion
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJustice Department's antitrust division forms task force on health care monopolies and collusionCNBC's Eamon Javers joins 'Closing Bell' to discuss the latest annoucement from Justice Department's antitrust division.

Persons: Eamon Javers

☆ Why a giant health insurer merger is probably destined to fail
▼ + stars: | 2023-11-30 | by ( ) www.businessinsider.com time to read: +7 min

The giant health insurers Cigna and Humana are reportedly considering a merger. While they offer different kinds of health insurance, the deal is likely to face antitrust scrutiny. Still, Cigna and Humana did toy with a deal way back in 2014 before they pursued deals with other partners. Later, to sidestep antitrust scrutiny, health insurers eyed mergers with other pieces of the healthcare system outside of insurance. Cigna and Humana would face a more skeptical Justice DepartmentAny deal between health insurers the size of Cigna and Humana would have to get past the Justice Department's antitrust enforcers.

Persons: Biden, —, Justice that's, BofA, David Balto, Cigna, That's, Balto, Barak Richman, there's, Matthew Cantor, Constantine Cannon, divestitures aren't, Molina wouldn't, Cantor Organizations: Humana, Service, Reuters, Bloomberg, Street, Department, Justice, Cigna, UnitedHealth Group, Equity, Federal Trade Commission, Justice Department, Express, CVS Health, Aetna, Kindred, Biden Administration, FTC, Duke University Locations: Cigna, Aetna, Delaware

(Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Alphabet CEO Sundar Pichai on Tuesday confirmed that Google pays Apple 36% of Safari search revenue, under the terms of a default search agreement that is core to the Justice Department's antitrust claims. Pichai was testifying in a separate lawsuit filed against Google by Epic Games, the maker of Fortnite. The Epic attorney then alleged that Google pays Samsung, Android's largest hardware partner, less than half of what it pays to Apple. Google's TAC costs include all of Google's payments to companies like Apple and Samsung to place its search engine in front of users. Apple, Google and Samsung did not immediately respond to CNBC's request for comment on Pichai's testimony.

Persons: Sundar Pichai, Mandel NGAN, MANDEL NGAN, Pichai, Google's, Kevin Murphy, Murphy, Connolly, John Schmidtlein, Leswing Organizations: Artificial Intelligence, Getty, Google, Apple, Epic Games, Washington , D.C, Samsung, Google's TAC, University of Chicago, Williams, Department, D.C Locations: Washington ,, AFP, Virginia, Washington

☆ Google paid $26 bln to be default search engine in 2021 - Bloomberg News
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019. The amount of payments Google made for the default status has more than tripled since 2014, according to senior executive Prabhakar Raghavan who is responsible for both search and advertising, the report added. Google's revenue from search advertising came in at $146.4 billion in 2021, while the payments for the default setting were its biggest cost, Raghavan was mentioned as saying in the Bloomberg report. The company has argued the revenue share agreements are legal and that it has invested to keep its search and advertising businesses competitive. Google had objected to revealing the numbers, saying they would harm the company's ability to negotiate contracts in the future.

Persons: Paresh Dave, Prabhakar Raghavan, Raghavan, Judge Amit Mehta, Jaspreet Singh, Shailesh Organizations: REUTERS, Google, Justice, Bloomberg, Reuters, Thomson Locations: Mountain View , California, U.S, Bengaluru

☆ It's official: 2023 is the year of Microsoft's glow-up
▼ + stars: | 2023-10-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Its big bet on AI appears to be paying off while blockbuster deals are getting greenlit. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementIt's a history that is firmly behind the company: 2023 looks set to be the year Microsoft completes its glow-up. But by and large, 2023 has been a remarkable year for Microsoft.

Persons: —, Steve Ballmer, Bill Gates, Satya Nadella, Sam Altman, Nadella, Bing Organizations: Microsoft, Service, Apple, Google, The, Activision Blizzard, Markets Authority, Sky News, IRS, Treasury Locations: Ballmer

☆ Microsoft CEO Satya Nadella gets honest about Bing's chances against Google
▼ + stars: | 2023-10-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Satya Nadella, CEO of Microsoft, said Google's dominance of online search is hurting Bing, WSJ reported. Bing is struggling to compete with Google, even with its new AI developments, Nadella said. AdvertisementAdvertisementEven Satya Nadella, the CEO of Microsoft, may not think the company's search engine Bing has a chance against Google. "You get up in the morning, you brush your teeth, and you search on Google," Nadella told the Justice Department. AdvertisementAdvertisementThe result for Microsoft, Nadella said, is a "vicious cycle" — and Bing can't keep up.

Persons: Satya Nadella, Bing, Nadella, —, Google's, Sundar Pichai, Bard, Daniel Tunkelang Organizations: Microsoft, Google, Service, US Department, Street Journal, Apple, Justice Department, DOJ, Bing Locations: Washington, OpenAI, —

[1/2] The Microsoft logo is seen at the Microsoft store in New York City, July 28, 2015. REBUFFED BY APPLENadella also testified that Microsoft had sought to make its Bing search engine the default on Apple (AAPL.O) smartphones but was rebuffed. On laptops, most of which use Microsoft operating systems, Bing is the default search engine and has a market share below 20%, Nadella acknowledged. Nadella became CEO of Microsoft in 2014, long after the tech giant faced its own federal antitrust lawsuit. As Google, which was founded in 1998, became an industry leading search engine, the two became bitter rivals.

Persons: Mike Segar, Satya Nadella, Nadella, U.S . Justice Department's, APPLE Nadella, John Schmidtlein, Google's, Schmidtlein, Bing, Amit Mehta, Diane Bartz, Christina Fincher, Deepa Babington Organizations: Microsoft, REUTERS, Google, U.S . Justice, Apple, APPLE, Bing, Verizon, BlackBerry, Nokia, District of Columbia, Thomson Locations: New York City, WASHINGTON, U.S, Bing, OpenAI

WASHINGTON (AP) — Microsoft CEO Satya Nadella said Monday that unfair tactics used by Google led to its dominance as a search engine, tactics that in turn have thwarted his company's rival program, Bing. Nadella said Google's dominance was due to agreements that made it the default browser on smartphones and computers. The Justice Department's antitrust case against Google centers on deals the company struck with Apple and other device makers to use Google’s search engine. In an ironic twist, the constraints and distractions posed by the government’s antitrust case against Microsoft helped provide a springboard for Google to turn its search engine into a dominant force. By the time Microsoft started its scramble to develop its own search engine, Google had already become synonymous with looking things up on the internet.

Persons: Satya Nadella, Bing, Nadella, ”, Judge Amit Mehta, Steve Ballmer, Ballmer, hasn’t Organizations: WASHINGTON, Google, D.C, Department, Microsoft, U.S, Apple, Yahoo, Justice Department Locations: Washington

☆ Microsoft executive says Google deals kept Bing small
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

The Microsoft logo is seen at the Microsoft store in New York City, July 28, 2015. Jonathan Tinter, a Microsoft vice president whose job has been to help Bing grow, testified at the trial of the U.S. Justice Department's antitrust case against Alphabet's (GOOGL.O) Google. The department accuses Google of paying $10 billion annually to wireless carriers and smartphone makers to ensure that Google search is the default on their devices. Tinter said that Bing has struggled to win default status on smartphones sold in the United States, and that this smaller scale translated into poorer quality search. "We were just big enough to play but not big enough to win," Tinter said.

Persons: Mike Segar, Bing, Jonathan Tinter, Tinter, Diane Bartz, Jonathan Oatis Organizations: Microsoft, REUTERS, Rights, Google, U.S . Justice, Justice Department, Thomson Locations: New York City, United States, U.S

Yelp (YELP.N) and News/Media Alliance, which are not defendants in the litigation but are targets of Google's subpoenas, argue that law firm Paul, Weiss, Rifkind, Wharton & Garrison should be disqualified. A spokesperson for Paul Weiss said the "firm's representation of Google is appropriate in all respects." Yelp said it hired Paul Weiss in 2016 for counsel on antitrust issues. The Justice Department's antitrust head, Jonathan Kanter, was on the Paul Weiss team representing Yelp. New York-based Paul Weiss, which has about 1,000 lawyers globally, is also representing Amazon.com in various antitrust lawsuits.

Persons: Gonzalo Fuentes, Paul, Weiss, Garrison, Leonie Brinkema, Paul Weiss, Yelp, Jonathan Kanter, Charles Molster III, Brandon Kressin, Brinkema, Kanter, Mike Scarcella, Leigh Jones, Rami Ayyub Organizations: Google, Viva Technology, Porte de, REUTERS, Media Alliance, Yelp, U.S, Google LLC, Eastern, of, Thomson Locations: Porte, Paris, France, U.S, Rifkind, Wharton, New York, States, of Virginia

WASHINGTON (AP) — Google will confront a threat to its dominant search engine beginning Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest U.S. antitrust trial in a quarter century. If he decides Google broke the law, another trial will decide what steps should be taken to rein in the Mountain View, California-based company. Political Cartoons View All 1152 ImagesGoogle counters that it faces a wide range of competition despite commanding about 90% of the internet search market. One possibility is that the company could be forced to stop paying Apple and other companies to make Google the default search engine on smartphones and computers. Distracted, the software giant struggled to adapt to the impact of internet search and smartphones.

Persons: Judge Amit Mehta, Sundar Pichai, Larry Page, Eddy, Trump, Microsoft's Bing, Andy Bechtolsheim, Page, Sergey Brin, Justice Department's, litigator Kenneth Dintzer — Organizations: WASHINGTON, Google, Inc, Apple, Justice Department, Firefox, Regulators, Sun Microsystems, Microsoft, Netscape, Justice Locations: , California, Silicon

DuckDuckGo, Microsoft (MSFT.O) and Yahoo are among a long list of Google competitors who will be watching the trial closely. “It would be difficult to overstate the importance of this case, particularly for monopolies and companies with significant market share,” antitrust lawyer Luke Hasskamp told Reuters. The lawsuit that goes to trial was brought by former President Donald Trump's Justice Department. read moreJudge Mehta will decide if Google has broken antitrust law in this first trial, and, if so, what should be done. Reporting by Diane Bartz; additional reporting by Mike Scarcella; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, DuckDuckGo, Kamyl Bazbaz, Luke Hasskamp, ”, Amit Mehta, Barack Obama, Donald Trump's, Joe Biden's, Mehta, Daniel McCuaig, Cohen Milstein, Diane Bartz, Mike Scarcella, Diane Craft Organizations: Google, REUTERS, U.S . Justice, Apple Inc, Mozilla, Microsoft, Yahoo, Big Tech, Facebook, Reuters, Apple, Twitter, Big, U.S, District of Columbia, Department, Android, U.S . Justice Department's Antitrust, Thomson Locations: London, Britain, WASHINGTON, United States, “

☆ Top regulators defend stricter merger guidelines, call 'hysteria' overblown
▼ + stars: | 2023-08-10 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Two of the nation's top corporate regulators on Thursday defended new guidelines on merger enforcement that have attracted pushback from the business community. "Which mergers go through and which ones do not can be hugely consequential for people's lives," Lina Khan, Federal Trade Commission chair said at an event hosted by the nonprofit American Economic Liberties Project. Khan was joined at the event by Jonathan Kanter, assistant attorney general for the Justice Department's antitrust division. "I think a lot of the hysteria is perhaps overblown, that we're not blocking every merger," Kanter said. The draft guidelines were released jointly by the Federal Trade Commission and the Justice Department's Antitrust Division in July.

Persons: Antitrust Jonathan Kanter, Lina Khan, Khan, Jonathan Kanter, Kanter, There's, Sen, Elizabeth Warren, Neil Bradley, Bradley Organizations: Antitrust, Federal Trade, American Bar Association Antitrust, Marriott Marquis, Washington , D.C, WASHINGTON —, Federal Trade Commission, American Economic Liberties, Justice, Justice Department's Antitrust, Albertsons, U.S . Chamber of Commerce, DOJ, FTC Locations: Washington ,

Google (GOOGL.O) had asked for summary judgment on all the government's claims in the case, which is to go to trial next month. Google said Friday it appreciated the court's "careful consideration and decision to dismiss claims regarding the design of Google Search" in the case brought by the state attorneys general. Connecticut Attorney General William Tong praised the decision to allow the states Google search antitrust suit to proceed to trial. Mehta noted Google LLC operates the largest U.S. internet general search engine whose "brand name has become so ubiquitous that dictionaries recognize it as a verb." He noted Google in 2020 had nearly 90% market share and advertisers spend over $80 billion annually alone to reach general search users.

Persons: Gonzalo Fuentes, Judge Amit Mehta, Google's, Mehta, William Tong, Tong, Trump, Judge Mehta, Diane Bartz, David Shepardson, Mark Porter, Diane Craft Organizations: Google, Viva Technology, Porte de, REUTERS, Justice Department, Big Tech, Microsoft Corp, Apple, LG, Motorola, Samsung, Verizon, Mozilla, Justice, Department, Thomson Locations: Porte, Paris, France, WASHINGTON, U.S, Washington, Connecticut, Virginia

☆ Analysts see A.I. as a double-edged sword for 3 big tech stocks. We're more optimistic
▼ + stars: | 2023-06-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Alphabet The news: Analysts at UBS lowered their rating on Alphabet to neutral from buy but increased their price target to $132 per share from $123. Analysts expect the company's use of generative AI to be the "next leg to shares," and its use of AI tools should help the company "be viewed as an AI winner." Though Meta shares fell 3.5% to $278 each Monday. Reacceleration of revenue growth at Amazon's cloud unit, Amazon Web Services (AWS) into the fourth quarter of this year, should be a catalyst for the stock, analysts said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Eric Schmidt, Jim, We're, Meta, Mark Zuckerberg, there's, Zuckerberg, Roth, Jim Cramer's, Jim Cramer, Sebastien Bozon Organizations: CNBC, Nasdaq, UBS, Google, Club, Microsoft, Facebook, Meta, Apple, Amazon Web Services, AFP, Getty Locations: Mulhouse

☆ An epic fight over how real-estate agents get paid could transform the housing market forever
▼ + stars: | 2023-06-26 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

Trying to find a buyer and sifting through offers sounds like a nightmare, so you hire a real-estate agent. The seller might no longer pay out both agents' commissions after the sale closes. Despite the potentially earthshaking consequences, most local real-estate agents — who, to be fair, have more pressing short-term concerns — have largely ignored the cases. "They not only have to pay a buyer's agent commission, but they can't negotiate that commission," Brobeck said of sellers. "It just doesn't make any sense for the seller to have to pay the buyer's agent," Brobeck told me.

Persons: —, Sitzer, that's, Max, Keller Williams, Sellers, Brokerages, Stephen Brobeck, Brobeck, Moehrl, Wager, Katie Johnson, you'll, Johnson, Buyers, Nicholas Economides, homebuyers, Trump, Everyone's, Rob Hahn, Steve Marcus, David Eisenstadt, Eisenstadt, Hahn, James Rodriguez Organizations: National Association of Realtors, NAR, Realtors, MLS, Consumer Federation of America, New York University, CFA, Realtor.com, REUTERS, Berkeley Research Group, Justice Department's Antitrust Locations: America, Missouri, Illinois, MLSs, Houston , Texas, Australia, Netherlands, United Kingdom

REUTERS/Brian SnyderWASHINGTON, June 20 (Reuters) - The head of the U.S. Justice Department's antitrust division on Tuesday urged the government to update bank merger guidelines to reflect "current market realities," in a sign authorities are likely to cast a wider net in scrutinizing deals in the sector. “There are good reasons ... to question whether the 1995 guidance sufficiently reflects current market realities," he said in a speech at the Brookings Institution, a think tank. "What we're saying is market realities have shifted, and when we apply the law, we have an obligation to ensure we are addressing the world as it exists today." President Joe Biden signed an executive order in 2021 directing the Justice Department to work with bank regulators to update merger guidelines and heighten scrutiny of deals. In his remarks, Kanter said he was focused on the antitrust implications of any bank mergers, and that broader factors were best left to the primary bank regulators to consider.

Persons: Brian Snyder WASHINGTON, Jonathan Kanter, Biden, Kanter's, Kanter, hasn't, Joe Biden, Pete Schroeder, Deepa Babington Organizations: Bank, REUTERS, U.S . Justice, Brookings Institution, Department, Justice Department, Silicon Valley Bank, Thomson Locations: U.S, Wellesley , Massachusetts, Silicon

PGA TOUR logo is seen during the second round of the Farmers Insurance Open at Torrey Pines South on January 29, 2021 in San Diego, California. The Justice Department's Antitrust Division has informed the PGA Tour it will review the organization's proposed merger with Saudi-funded LIV Golf, a source told NBC News on Thursday. The Justice Department and LIV Golf declined to comment. The PGA Tour policy board will have to approve the agreement, Monahan told players in a memo. The PGA Tour revealed Tuesday that Monahan is currently recovering from an unspecified medical matter and is taking a leave of absence.

Persons: LIV, LIV Golf, Democratic Sens, Elizabeth Warren of, Ron Wyden, Sen, Richard Blumenthal, Conn, Wyden, Saudi Arabia's Crown Prince Mohammed bin Salman, LIV dangled, Donald Trump, Jay Monahan, Monahan Organizations: Farmers Insurance, Torrey Pines, Department's Antitrust, PGA, Saudi, NBC, Justice, LIV, CNBC, PGA Tour, Democratic, Oregon, DOJ, Investment Fund, Saudi Arabia's Crown, Tour Locations: San Diego , California, Elizabeth Warren of Massachusetts, New Jersey

☆ Amazon, Microsoft and Alphabet deliver slower cloud growth. Here's how AI could reverse that trend
▼ + stars: | 2023-05-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

As more and more businesses of all sizes continue their digital transformations, Amazon, Microsoft and Alphabet aim to be there to provide cloud solutions. However, those gains quickly evaporated as the post-earnings call got underway and Wall Street learned of slowing cloud growth in April , the first month of Q2. The company is now using AI as a tool to accelerate cloud growth and gain share. The Club's take: Microsoft demonstrated impressive cloud growth given the difficult macroeconomic backdrop for the quarter. We hope to see a reacceleration in cloud growth along with profitability momentum.

☆ Alphabet's quarter delivers but doesn't dazzle. The stock tells the story
▼ + stars: | 2023-04-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

As solid as this quarter was, a number of questions marks remain, including the costs and the economic backdrop. YouTube, though down to $6.7 billion, reported a smaller year-over-year decrease of 2.6%, than we saw in the prior quarter. It exited the quarter with $115 billion in cash, cash equivalents, and marketable securities on the balance sheet. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

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