war

Trump would be foolish to start another bruising trade war with China: expert

President Trump may have no choice but to play ball with China on the trade front — his re-election come November could hinge on it.

“Yes it probably does largely because President Trump wants to keep it,” said well-known China expert Gordon Chang on Yahoo Finance’s The First Trade on whether the trade deal between the two countries would survive into year end. For Trump, it’s more important to keep his base happy into the election as opposed to igniting another trade war with China, suggests Chang.

“Also you have powerful constituents that want to keep it. The farmers, of course, and manufacturers. China has been meeting its commitments to buy manufactured goods until the Hawaii meeting between Secretary of State Mike Pompeo and the counsel. So this is something where you have people in the U.S. who want this deal in place,” Chang added.

U.S.-China trade relations — which

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Trump is waging a regulatory war against Twitter. He may not have a legal case.

President Donald Trump’s increasingly heated feud with Twitter (TWTR) may be good for social media traffic, but his move to limit a platform’s right to moderate content may not be legally enforceable, according to experts.

An executive order signed by the president on Thursday empowers the Federal Communications Commission (FCC) to interpret and issue new regulations for Section 230 of the Communications Decency Act — which protects intermediary platforms like Facebook (FB), Twitter (TWTR), Alphabet’s YouTube (GOOG, GOOGL), among others. 

Section 230 was originally created to enable online platforms to make good faith efforts to block content that the platform —or its users — consider to be obscene, lewd, lascivious, filthy, excessively violent, harassing, or otherwise objectionable, without jeopardizing the platform’s exposure to defamation lawsuits. That latitude gives social media an exemption not available to news organizations and other producers of editorial content.

By weakening the liability shield, Trump’s

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US and China heading towards a cold war: Ian Bremmer

Eurasia Group Founder and CEO Ian Bremmer believes that the U.S. and China are heading towards a cold war, as tensions rise over the issue in Hong Kong.

“We are in a technology cold war,” Bremmer said on Yahoo Finance’s “On The Move.” “The fact is that the Chinese will not let some dominant U.S. tech companies into China — the Facebooks, the Amazons, the Twitter. … [so] why should we allow Chinese companies in the United States … if they’re not going to give reciprocity to American firms?” 

And given the recent escalation over the issue of Hong Kong’s autonomy, “we are not yet in a cold war with China writ large,” though, he said, “we are heading in that direction.” China’s legislature on Thursday approved a resolution to impose national-security laws on Hong Kong, which activists say will undermine the territory’s partial autonomy.

Bremmer pointed to the

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Why Trump will relish a war with Twitter

“Big action” is coming! And Twitter (TWTR) executives no doubt have their helmets on.

President Trump has a fresh feud, this time with Twitter, the social media platform he uses to attack enemies, spread propaganda and brag. Twitter has taken the audacious step of labeling two Trump tweets as factually suspicious, with a blue link at the bottom urging readers to “get the facts” about mail-in voting. Twitterers need to “get the facts” because Trump’s claims about mail-in voting fraud are bogus.

You’d be disappointed if Trump were anything less than outraged by Twitter’s action. Twitter, he now says, is interfering in the 2020 election and stifling free speech, claims Twitter should have labeled as bogus, too.

What’s going on here is exactly what Trump wants: A fake scandal metastasizing into yet another opportunity for Trump to indulge his persecution complex and portray himself as the victim of

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Netflix’s co-founder lauds ‘secret weapon’ in streaming war with Disney

Moments after revealing Netflix had added a record 15.7 million global subscribers in its latest quarter, CEO Reed Hastings took a moment on his earnings call Tuesday to do the unthinkable: congratulate his fastest growing competitor, Disney.

Praising Disney for adding more than 50 million subscribers since launch, Hastings admitted that, “over 20 years of watching different businesses — incumbents like Blockbuster and Walmart and all these companies — I’ve never seen such a good execution of the incumbent learning the new way and mastering it.”

The move to take the time to praise a competitor may have surprised many, but not Netflix co-founder Marc Randolph, who built Netflix along with Hastings as the company’s first CEO. As Randolph tells Yahoo Finance, Hastings must be feeling extremely confident in Netflix’s positioning relative to his competitors.

“I have to echo what he’s saying, I’m actually very impressed with the job Disney

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