Update 2: The plot thickens. As The Hill reports, AT&T and Time Warner offered to divest CNN, however the DOJ Antitrust Division flatly rejected the proposal, Justice Department sources said. But AT&T CEO Randall Stephenson said in a statement Wednesday afternoon that he was not entertaining the idea of selling CNN from the combined company:
The 4-pack below looks at four assets that look to be at key price points that are creating opportunities, from a Power of the Pattern perspective.
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Ignoring the surge in junk bond risk and collapse of the yield curve, stock investors were overheard saying...
Gold remains the post-Saudi-purge winner...
On Monday, Trump pressed Japan’s Prime Minister and business leaders to reduce the $69 billion trade deficit. A couple of badly made jokes, awkward moments and an unfair singling out of the auto industry later, we expressed our scepticism that the Japanese would do anything after he left (see “Trump Says Trade With Japan Is Not Fair And Not Open – Awkward Moments Ensue” here). Today Trump touched down in Beijing for two days of meetings, including eagerly awaited talks with China’s greatest leader since Mao, Xi Jinping.
This just might spoil what has so far been a strong year for Carl Icahn. Bloomberg is reporting that the FBI has issued subpoenas for information on Carl Icahn’s possible lobbying to change biofuel policy while serving as an informal adviser to President Donald Trump, according to regulatory filings.