The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
Typhoon Hagibis made landfall south of Tokyo on Saturday evening. By Sunday around 376,000 homes were left without electricity, and 14,000 without running water across Japan....Weather & Natural Disastersread more
SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.Investing in Spaceread more
Bryn Mawr's Jeffrey Mills believes the market needs more time to break out of its slump.Trading Nationread more
The newly combined AT&T-Time Warner is looking to reinvent advertising — but to do so, it needs to buy more technology, AT&T Advertising and Analytics CEO Brian Lesser told CNBC on Wednesday.
Lesser, who spoke on "Squawk Box" from the Cannes Lions advertising and marketing festival in France, dodged questions about a Wall Street Journal report that AT&T is in talks to buy ad tech firm AppNexus in what could be a $1.6 billion deal.
AppNexus is backed by WPP, where Lesser used to work as CEO of the ad giant's GroupM media unit. Lesser is also a former AppNexus board member.
"There's lots of rumors that come up at Cannes," said Lesser, though he did say "we need more tech" in order to build AT&T's $2 billion ad business "into something more significant."
Lesser echoed what AT&T Chairman and CEO told CNBC on Friday, a day after closing the $85.4 billion Time Warner acquisition. Stephenson said the company expects in coming weeks to make smaller acquisitions to enable its ad platform goals.
"The world needs advertising more than ever. We just need to make it more relevant and make matter for consumers," Lesser said. "Everybody still hates advertising when it interrupts the content. It's our job to reduce the load on consumers, make it a better experience."
Lesser described technology that AT&T has to keep viewers more engaged. "Imagine you're watching content [on TV] and instead of interrupting ... with a traditional commercial break we can show an icon on the screen that indicates to you that there might be a mixed-reality experience [on mobile] where you can get more information about the car you just saw or the dress you just saw."
Taking ads completely out of the picture with a Netflix-type paid subscription model is not sustainable, Lesser said. "Subscription video on demand is a great service and consumers love it. But you can't possibly pay for all the content that's being produced now through a subscription."
Hulu offers a hybrid paid model, one subscription tier that's completely ad-free and a less expensive tier with "limited commercials."
Amazon, the other streaming juggernaut, offers its video and music services free to subscribers of Prime, which includes free, faster deliveries for purchases on the e-commerce side.