Net Neutrality regulations go by the wayside in 2018 unless Congress votes to block the FCC's decision to repeal the regulations. So who wins and who loses when the time comes?
Ryan Rabac, Manager of Digital Marketing at the American Sustainable Business Council, says start-ups stand to lose the most if and when net neutrality is repealed. The ASBC argues that the cost of entry for new businesses will be higher as digital companies pay to receive preferential speeds in the new internet normal.
Who wins? Rabac says that the only winners will be the large telecom companies who supported the repeal. Companies like Verizon and Comcast have more control over what they charge for spectrum use.
While major digital companies like Netflix could have to pay more since they use so much data, Rabac argues that they won't be as negatively impacted as start-ups because they have the money to afford it.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
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From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
