Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act, he would pick a successor to Powell that would do his bidding.Economyread more
Judy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.The Fedread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
The winner will live in a centrally located apartment, receive a "salary" and explore the city to find what makes people there so happy.Liferead more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
We've been given plenty of reasons to quit Facebook, including a new report that alleges disgusting working conditions at a company, Cognizant, it uses to employ contractors....Technologyread more
This just might be Fed Chair Jerome Powell's toughest meeting yet, because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
AT&T informed customers over the weekend it is increasing the cost of its over-the-top streaming service DirecTV Now by $5 per month. The change comes shortly after the telecom bumped customers' administrative fees, suggesting AT&T is searching for new sources of revenue following its costly acquisition of Time Warner.
AT&T began notifying existing customers over the weekend via email, Cord Cutters News first reported. An AT&T spokesperson confirmed to CNBC the $5 hike would apply across-the-board to all packages, except "Todo y Más." That means the "Live a Little" 60+ channel package and the "Go Big" 100+ channel promotional package will both increase by $5 to $40, while the "Just Right" 80+ channel package and the "Go Big" 100+ channel package will increase to $55 and $65, respectively.
The changes will go into effect for news customers after July 26, AT&T said in a statement. For pre-existing customers, the effective date varies, but could be as soon as the end of the month.
This price hike comes just days after AT&T launched its WatchTV live streaming service for $15 per month, and shortly after AT&T bumped the “administrative fee” on most customers' bills, generating about $800 million in additional revenue.
AT&T attributed its changes to market forces, but the company may be under pressure to find new sources of revenue after its $85.4 billion purchase of Time Warner. The timing of AT&T's price hikes and fee bumps coincides with the closure of the deal.