What you need to know on Wall Street today
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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.
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:
- Here's how to make a killing in the market this Black Friday, according to Goldman Sachs.
- A new analysis shows the Senate GOP tax bill fails a key test that would prevent it from passing.
- One Wall Street analyst just doubled his bitcoin forecast to $11,500.
- COWEN: Amazon's move into pharma isn't as big of a deal as everyone thinks
Lastly, the here's how to pick the perfect wines for the holiday season.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’