CNNMoney

Universal SIM card rollout faces another hurdle – CNNMoney
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CNNMoney Universal SIM card rollout faces another hurdleCNNMoneyThe rollout of universal SIM cards, called eSIM, could be delayed because of an investigation into whether wireless carriers colluded to make it more difficult for customers to switch service providers. GSMA, a group that works to set eSIM standards …US Investigating AT&T and Verizon Over Wireless Collusion […]

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Allegiant Air can ride out safety questions raised by '60 Minutes' report – CNNMoney
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CNNMoney Allegiant Air can ride out safety questions raised by '60 Minutes' reportCNNMoneyAllegiant Air may be able to weather a scathing "60 Minutes" report on the low-price airline's ugly safety record. The airline and some of the analysts who cover it say it is safe and on track to put many of its operational problems […]

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Battle over sales taxes on online purchases heads to Supreme Court – CNNMoney
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CNNMoney Battle over sales taxes on online purchases heads to Supreme CourtCNNMoneyChances are good you already do, even though the law requires online retailers to collect the tax only in states where they have a physical presence. Amazon (AMZN) and Walmart (WMT), two of the giants of online retailing, collect sales tax on all their […]

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AT&T, DOJ spar over emails and PowerPoints as antitrust trial begins – CNNMoney
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CNNMoney AT&T, DOJ spar over emails and PowerPoints as antitrust trial beginsCNNMoneyAttorneys for AT&T tried to convince a judge on Monday to throw out several pieces of evidence that the Justice Department wants to submit in its lawsuit to stop the telecom company's purchase of Time Warner. The Justice Department wishes to submit …What We […]

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Big wage hikes could spook Wall Street (again) – CNNMoney
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CNNMoney Big wage hikes could spook Wall Street (again)CNNMoneyIt's easy to forget that last month's market mayhem kicked off with a dose of good news. The Dow fell 666 points on February 2 after investors learned that American wages grew at the fastest pace since 2009. While that's great news for Main Street, the …Economics […]

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Wynn Resorts brings in top law firm for Steve Wynn investigation – CNNMoney
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CNNMoney Wynn Resorts brings in top law firm for Steve Wynn investigationCNNMoneyWynn Resorts says it has hired a major law firm to help it investigate allegations of sexual misconduct against Steve Wynn, its founder and former CEO. Wynn has denied the accusations, which were first reported by The Wall Street Journal, calling them …Wynn Resorts […]

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Steve Wynn steps down as CEO of Wynn Resorts after misconduct allegations – CNNMoney
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CNNMoney Steve Wynn steps down as CEO of Wynn Resorts after misconduct allegationsCNNMoneySteve Wynn has stepped down as the CEO of Wynn Resorts after allegations of sexual misconduct piled pressure on the billionaire casino mogul and sent the company's stock tumbling. "It is with a collective heavy heart, that the board of directors of …Steve […]

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Roku's IPO price values it at $1.3 billion – CNNMoney
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CNNMoney Roku's IPO price values it at $1.3 billionCNNMoneyThe streaming device company said late Wednesday that it intends to sell $219 million of shares, priced $14 each. That would value Roku (ROKU) at $1.3 billion when it debuts in New York on Thursday. It will list on the Nasdaq under the ticker symbol …Roku IPO – […]

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World's second biggest diamond sells for $53 million – CNNMoney
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CNNMoney World's second biggest diamond sells for $53 millionCNNMoneyAfter failing to sell at a Sotheby's auction last year, the 1,109-carat uncut stone has now fetched $53 million in a private sale to luxury jeweler Graff Diamonds. The seller, Canada's Lucara (LUCRF), recovered the huge diamond from Botswana's Karowe …Biggest Diamond in More Than a Century […]

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Wells Fargo to cut jobs at Charlotte headquarters – CNNMoney
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CNNMoney Wells Fargo to cut jobs at Charlotte headquartersCNNMoneyThe bank, which continues to reel from a series of scandals, said Friday that it's laying off some positions in Charlotte, North Carolina — home to one of its corporate headquarters. The company declined to say how many people would be affected.Wells Fargo tumbles to bottom of […]

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Trump moves to slap duties on Chinese aluminum foil – CNNMoney
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CNNMoney Trump moves to slap duties on Chinese aluminum foilCNNMoneyThe Trump administration has taken the first steps to hit China with a duty on its aluminum foil exports. The Commerce Department announced a preliminary decision Tuesday evening to tax aluminum foil from China at a rate of between 16.5% and 81%, …US hits China with import […]

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