T-Mobile U.S. Inc. TMUS on Tuesday said that it would buy spectrum from Comcast Corp. CMCSA for between $1.2 billion and $3.3 billion in cash in a license purchase agreement. The telecom giant said…
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‘iPhones are depreciating devices:’ What’s a better deal — an iPhone 15 or $800 in Apple stock?
It’s an iCatch 22. Is Apple’s iPhone 15 so desirable to consumers that you’re better spending your money on the device instead of the company’s stock? Or is it such a minor…
Nasdaq ends 1% down, leading stocks lower as tech shares slump
U.S. stocks closed lower on Tuesday, with the Nasdaq Composite leading the way down, as Apple’s unveiling of its new iPhone and watch failed to boost appetite for equities. The Dow Jones…
FDA warns CVS, Walgreens about marketing of unapproved eye products
The U.S. Food and Drug Administration this week warned CVS Health Corp. CVS, +2.78%, Walgreens Boots Alliance Inc. WBA, +2.61% and several smaller consumer products companies about marketing unapproved eye products. “The…
Gaetz threatens to oust McCarthy from House speaker post
Republican Rep. Matt Gaetz of Florida on Tuesday fired a salvo in an intraparty fight over spending that could lead to a partial government shutdown, saying he would launch a process for…
The Fed is done raising interest rates, ABA economists say, and the U.S. is poised for a soft landing
A resilient U.S. economy is likely to dodge a recession if the Federal Reserve is done raising interest rates, but growth is bound to slow in the next year because of higher…
Oracle stock dives toward worst day in 2 decades after disappointing earnings report
Shares of Oracle Corp. ORCL, -11.64% have accelerated to the downside after the opening bell, and is not on course to suffer their worst one-day performance in 21 years. The stock was…
Home prices rose 2.5% in July, but fell in 11 Western states, CoreLogic says
U.S. home prices rose in July, but the West Coast wasn’t feeling the love. While prices rose nationwide by 2.5% annually in July, 11 states saw home prices fall, according to the…
McCarthy to endorse Biden impeachment inquiry: report
House Speaker Kevin McCarthy plans to tell House Republicans this week that launching an impeachment inquiry into President Joe Biden is the “logical next step” in the Republican Party’s probes of the…
CFRA says Spirit Airlines is still a sell, says JetBlue’s moves to secure merger unlikely to save deal
CFRA reiterated its sell rating on Spirit Airlines Inc. SAVE, +11.98% on Tuesday, and said JetBlue Airways Corp.’s JBLU, -0.39% move Monday to transfer Spirit holdings at Boston and Newark airports was…