Broad rally lifts stocks to all time highs
U S stocks surged with the Dow up 297.84 points to 19549.62 and the S&P 500 at 2241.35 as transport, tech, and dividend payers led the gains. Biotech losses followed Trump drug price remarks, while bonds yielded lower, boosting income stocks.
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Vinyl revival sparks renewed interest in classic records
The article notes a vinyl renaissance with Amazon launching an Amazon Vinyl Lounge and Britain posting higher vinyl sales than downloads for week 48. In the U S the first half of 2016 saw vinyl at 207 million dollars, about 6 percent of industry revenue, while digital downloads and streaming dominate revenues.
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Amazon
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Joshua Friedlander
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Fortune Magazine
Fortune
AT&T Time Warner deal faces Senate antitrust scrutiny
Senators question the 85.4 billion AT&T Time Warner merger weighing consumer price benefits against competition risks. Critics warn of concentrated power, while supporters say the combined firm will spur 5G, more options, and faster technology. Mark Cuban backs mergers arguing innovation, amid Trump opposition.
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Scrutiny and concerns over AT&T Time Warner merger
Critics warn the deal will face close scrutiny from the Justice Department and possibly the FCC under a Trump administration. They fear regulatory conditions could render the merger impractical. The issue centers on tying AT T broadband to Time Warner content and data driven ads, risking reduced consumer choice.
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