Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions


But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions
Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

Amazon’s relentless pursuit of growth in retail, cloud computing, advertising and consumer devices has put the company squarely in the sights of Washington lawmakers who are concerned about Big Tech’s growing influence over consumers. But rather than fiercely fighting every battle, Amazon looks like its ready to play nice.

In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) called out abusive business practices. And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions by Sen. Bernie Sanders (D-VT).

Amazon also confirmed to CNBC that it would soon start accepting cash at the Amazon Go cashierless stores as a growing number of cities and states push for laws that require all stores to serve the unbanked. It’s all part of a strategy to be more likable at a time when tech companies are drawing heat for behavior that looks increasingly anti-competitive.

“I believe Amazon has made the connection between likability and immunity from regulation,” said NYU business professor Scott Galloway, author of “The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google.”

This is a different company from the vigorously defensive, win-at-all-cost Amazon we’re used to seeing.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


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Cramer Remix: Bed Bath & Beyond is not a lost cause

CNBC’s Jim Cramer on Thursday said it’s time for “wholesale change” in Bed Bath & Beyond’s management. “In 2016, [CEO Steven] Temares started telling us he’d made the stores more experiential to improve the shopping experience, but you wouldn’t know it if you’ve been to a Bed Bath & Beyond lately,” Cramer said. A number of groups are reportedly trying to leverage their share in Bed Bath & Beyond to change the board of directors, and the stock spiked on the news last month. The activists said tha


CNBC’s Jim Cramer on Thursday said it’s time for “wholesale change” in Bed Bath & Beyond’s management. “In 2016, [CEO Steven] Temares started telling us he’d made the stores more experiential to improve the shopping experience, but you wouldn’t know it if you’ve been to a Bed Bath & Beyond lately,” Cramer said. A number of groups are reportedly trying to leverage their share in Bed Bath & Beyond to change the board of directors, and the stock spiked on the news last month. The activists said tha
Cramer Remix: Bed Bath & Beyond is not a lost cause Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: tyler clifford, andrew harrer, bloomberg, getty images, john lamparski, wireimage, adam jeffery, jim watson, afp
Keywords: news, cnbc, companies, trying, cause, temares, margins, bath, stock, goods, remix, retail, bed, host, cramer, lost


Cramer Remix: Bed Bath & Beyond is not a lost cause

CNBC’s Jim Cramer on Thursday said it’s time for “wholesale change” in Bed Bath & Beyond’s management.

“The company still has a good balance sheet, $1 billion in cash, so I think it can be saved,” the “Mad Money” host said. “But I gotta tell you something: not with this management team.”

The home goods chain is grossly behind the new retail landscape, where it must compete with e-commerce disrupters such as Amazon, Cramer said. The company’s “half-hearted initiatives,” such as focusing on private-label brands, have not boosted the margins, and home furnishing and décor is simply not working, he added.

“In 2016, [CEO Steven] Temares started telling us he’d made the stores more experiential to improve the shopping experience, but you wouldn’t know it if you’ve been to a Bed Bath & Beyond lately,” Cramer said.

Activist investors, who buy large amounts of a certain stock to push major changes in that company, want Temares out. A number of groups are reportedly trying to leverage their share in Bed Bath & Beyond to change the board of directors, and the stock spiked on the news last month.

The activists said that Bed Bath & Beyond lost 58% of its value during a same period that the S&P 500 has gained 342% and its retail peers increased 592%, Cramer noted.

“All of that pain is from the past five years,” he said.

To compete with Amazon’s prices for identical products, Bed Bath & Beyond is trying to lure customers to its $29 loyalty program with 20% discounts and free shipping on internet orders, Cramer said.

“This strategy has been devastating for Bed Bath’s … gross margins — what they make after the cost of goods sold — which have fallen from 40% in 2012 to under 35% in the latest quarter,” the host said.

Get his full thoughts here


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: tyler clifford, andrew harrer, bloomberg, getty images, john lamparski, wireimage, adam jeffery, jim watson, afp
Keywords: news, cnbc, companies, trying, cause, temares, margins, bath, stock, goods, remix, retail, bed, host, cramer, lost


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Cramer’s lightning round: I promised my kids I wouldn’t, but I recommend this stock

I think that [CEO Steve] Easterbrook’s doing a good job. I know I promised my kids I would not recommend this. Illinois Tool Works Inc.: “No. Twilio Inc.: “Twilio. I know there’s insiders selling, we don’t care.”


I think that [CEO Steve] Easterbrook’s doing a good job. I know I promised my kids I would not recommend this. Illinois Tool Works Inc.: “No. Twilio Inc.: “Twilio. I know there’s insiders selling, we don’t care.”
Cramer’s lightning round: I promised my kids I wouldn’t, but I recommend this stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: tyler clifford
Keywords: news, cnbc, companies, promised, twilio, kids, trying, wouldnt, know, steve, round, theres, recommend, lightning, cramers, good, tool, stockmoderna, works, stock, think


Cramer's lightning round: I promised my kids I wouldn't, but I recommend this stock

McDonald’s Corp.: “I think it is still a good buy. I think that [CEO Steve] Easterbrook’s doing a good job. I know I promised my kids I would not recommend this. They said: ‘Dad, he has not done his best, yet, to clean up the environment.’ But I think he’s trying. I like the stock.”

Moderna Inc.: “Moderna, we like them. I pulled up on them in San Francisco. They got game.”

Illinois Tool Works Inc.: “No. [Ring the register]. It’s going up. I think they have to guidedown the numbers.”

Twilio Inc.: “Twilio. We like Twilio. I know there’s insiders selling, we don’t care.”


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: tyler clifford
Keywords: news, cnbc, companies, promised, twilio, kids, trying, wouldnt, know, steve, round, theres, recommend, lightning, cramers, good, tool, stockmoderna, works, stock, think


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Investors may think the market is reaching a top, but I’m not buying it, Jim Cramer says

The rally has gone on so long that it’s reasonable to think the market could soon hit a ceiling, CNBC’s Jim Cramer said Tuesday. Cramer, however, is not convinced that the market is reaching a peak, even though all three major U.S. indexes declined during the session about 0.60%. Still, he considered the main reasons investors and analysts say an end to the climb is near. “I want to vaccinate you against these vociferous top callers by laying out the ten best reasons why the market actually migh


The rally has gone on so long that it’s reasonable to think the market could soon hit a ceiling, CNBC’s Jim Cramer said Tuesday. Cramer, however, is not convinced that the market is reaching a peak, even though all three major U.S. indexes declined during the session about 0.60%. Still, he considered the main reasons investors and analysts say an end to the climb is near. “I want to vaccinate you against these vociferous top callers by laying out the ten best reasons why the market actually migh
Investors may think the market is reaching a top, but I’m not buying it, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: tyler clifford
Keywords: news, cnbc, companies, reasons, buying, tuesdaycramer, market, trying, investors, yes, vaccinate, way, vociferous, im, cramer, tone, jim, youll, reaching, think


Investors may think the market is reaching a top, but I'm not buying it, Jim Cramer says

The rally has gone on so long that it’s reasonable to think the market could soon hit a ceiling, CNBC’s Jim Cramer said Tuesday.

Cramer, however, is not convinced that the market is reaching a peak, even though all three major U.S. indexes declined during the session about 0.60%.

Still, he considered the main reasons investors and analysts say an end to the climb is near.

“I want to vaccinate you against these vociferous top callers by laying out the ten best reasons why the market actually might be peaking,” the “Mad Money” host said. “I’m just trying to ensure that you’ll be prepared when you hear pundits and portfolio managers make these same arguments, but they’re going to do so in a more emphatic and, yes, hysterical way and tone.”


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: tyler clifford
Keywords: news, cnbc, companies, reasons, buying, tuesdaycramer, market, trying, investors, yes, vaccinate, way, vociferous, im, cramer, tone, jim, youll, reaching, think


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‘I stash cash where my wife can’t find it’: America’s juiciest money secrets, as told to CNBC

This answer — well, the general sentiment rather than the specifics — was more common than you’d think. In other words, you can’t be of any long-term help to others unless your own finances are in order. Apart from properly handling financial requests from loved ones, also keep an eye out for scam-happy strangers. Every year around this time, phone fraudsters posing as the IRS try to bilk taxpayers out of hard-earned cash. Remember: The IRS will never phone or email you to ask for personal infor


This answer — well, the general sentiment rather than the specifics — was more common than you’d think. In other words, you can’t be of any long-term help to others unless your own finances are in order. Apart from properly handling financial requests from loved ones, also keep an eye out for scam-happy strangers. Every year around this time, phone fraudsters posing as the IRS try to bilk taxpayers out of hard-earned cash. Remember: The IRS will never phone or email you to ask for personal infor
‘I stash cash where my wife can’t find it’: America’s juiciest money secrets, as told to CNBC Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: kenneth kiesnoski, getty images, roy hsu, juanmonino, istock unreleased, jamie grill, john m lund photography inc, digitalvision, richard goerg
Keywords: news, cnbc, companies, irs, words, trying, stash, cash, secrets, mask, unless, typical, try, americas, told, wife, phone, youd, money, help, cant, juiciest


'I stash cash where my wife can't find it': America's juiciest money secrets, as told to CNBC

This answer — well, the general sentiment rather than the specifics — was more common than you’d think.

More typical, and less dramatic, phrasing ran along the lines of “I give more away than I make to help others” or “My problem is trying to help others and getting stuck.” On the other side of the equation, one survey participant reported that her sister “gave us $5,000 to help with the down payment on our house.”

The “airplane oxygen mask rule” applies down here on terra firma, too: You have to put your own mask on first before helping to put one on someone else. In other words, you can’t be of any long-term help to others unless your own finances are in order.

Apart from properly handling financial requests from loved ones, also keep an eye out for scam-happy strangers. Every year around this time, phone fraudsters posing as the IRS try to bilk taxpayers out of hard-earned cash.

Remember: The IRS will never phone or email you to ask for personal information such as Social Security numbers.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: kenneth kiesnoski, getty images, roy hsu, juanmonino, istock unreleased, jamie grill, john m lund photography inc, digitalvision, richard goerg
Keywords: news, cnbc, companies, irs, words, trying, stash, cash, secrets, mask, unless, typical, try, americas, told, wife, phone, youd, money, help, cant, juiciest


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Warner Bros.’ DC films are no longer trying to be Marvel, and that’s a good thing

It’s no secret that Warner Bros.’ DC movies have struggled to mimic the success of rival Marvel. While films about Superman and Batman have done well at the box office, the franchise has been no match for Marvel. Warner Bros. has released only six films in the DC Extended Universe since 2013, and they have garnered just under $5 billion. In the last six years, DC’s wave of superhero films have been dark, droll and disappointing to fans. Just like Marvel, [DC] has to be consistent if it wants to


It’s no secret that Warner Bros.’ DC movies have struggled to mimic the success of rival Marvel. While films about Superman and Batman have done well at the box office, the franchise has been no match for Marvel. Warner Bros. has released only six films in the DC Extended Universe since 2013, and they have garnered just under $5 billion. In the last six years, DC’s wave of superhero films have been dark, droll and disappointing to fans. Just like Marvel, [DC] has to be consistent if it wants to
Warner Bros.’ DC films are no longer trying to be Marvel, and that’s a good thing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: sarah whitten, warner bros pictures, dave j hogan, getty images entertainment, getty images, source, warner bros, dc comics
Keywords: news, cnbc, companies, thats, warner, dc, longer, bros, superman, marvel, universe, film, good, films, thing, trying, shazam, superhero


Warner Bros.' DC films are no longer trying to be Marvel, and that's a good thing

It’s no secret that Warner Bros.’ DC movies have struggled to mimic the success of rival Marvel.

While films about Superman and Batman have done well at the box office, the franchise has been no match for Marvel. As Marvel prepares to release the 22nd film in its cinematic universe, its movies have already earned $18.5 billion at the global box office. “Avengers: Endgame,” a major climactic event, is setting records for advance ticket sales, and fans are already asking for more.

Warner Bros. has released only six films in the DC Extended Universe since 2013, and they have garnered just under $5 billion. “Shazam,” a lighthearted popcorn flick that opens Friday, will be the seventh.

Estimates for the film have been set low, about $50 million for the weekend’s haul, but expectations are high. The film currently has a 92 percent “Fresh” rating on Rotten Tomatoes, a good sign ahead of its opening.

More importantly, “Shazam” is a chance for DC to continue to build on its recent successes with “Wonder Woman” and “Aquaman.” It spins the tale of a young teenager who transforms into an adult superhero when he shouts the name “Shazam” — think “Superman” meets “Big.”

Trailers for “Shazam” have been bright and packed with humor, something DC’s universe has been sorely lacking. In the last six years, DC’s wave of superhero films have been dark, droll and disappointing to fans.

If it succeeds, it will cement the idea that audiences are more willing to open up their wallets when Warner Bros. strays from the Marvel strategy of continuity between films and embraces its more unique — and even obscure — characters.

“They have a formula that’s working,” said Brock Bagby, executive vice president at B&B Theatres. “If they continue that, they’ll gain even more loyalty. Just like Marvel, [DC] has to be consistent if it wants to be highly successful.”


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: sarah whitten, warner bros pictures, dave j hogan, getty images entertainment, getty images, source, warner bros, dc comics
Keywords: news, cnbc, companies, thats, warner, dc, longer, bros, superman, marvel, universe, film, good, films, thing, trying, shazam, superhero


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Former Navy SEAL: Don’t do this if you want to get promoted

Want to get ahead at work? Don’t fixate on landing a promotion, says former U.S. Navy SEAL Jocko Willink, who is now an author and leadership coach. Plus, only looking out for yourself might rub your coworkers the wrong way, which can hurt you in the long run. “In your mind, you think no one notices that you’re maneuvering and you’re trying to be noticed, when in reality, most of the time when you’re trying to stand up above everyone else … everyone else on the team notices and they don’t like i


Want to get ahead at work? Don’t fixate on landing a promotion, says former U.S. Navy SEAL Jocko Willink, who is now an author and leadership coach. Plus, only looking out for yourself might rub your coworkers the wrong way, which can hurt you in the long run. “In your mind, you think no one notices that you’re maneuvering and you’re trying to be noticed, when in reality, most of the time when you’re trying to stand up above everyone else … everyone else on the team notices and they don’t like i
Former Navy SEAL: Don’t do this if you want to get promoted Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: kathleen elkins, jocko willink, -jocko willink, former us navy seal
Keywords: news, cnbc, companies, dont, willink, title, work, promoted, wrong, youre, notices, team, seal, navy, trying, way


Former Navy SEAL: Don't do this if you want to get promoted

Want to get ahead at work? Don’t fixate on landing a promotion, says former U.S. Navy SEAL Jocko Willink, who is now an author and leadership coach.

If you’re focused on earning a title change or salary bump, he tells CNBC Make It, “you start to miss out on the things that are important parts of your job,” such as being a team player or supporting your boss.

Plus, only looking out for yourself might rub your coworkers the wrong way, which can hurt you in the long run. “In your mind, you think no one notices that you’re maneuvering and you’re trying to be noticed, when in reality, most of the time when you’re trying to stand up above everyone else … everyone else on the team notices and they don’t like it,” he says.

That means that “when the opportunity comes for them to pull you down, they’re going to take it.”


Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: kathleen elkins, jocko willink, -jocko willink, former us navy seal
Keywords: news, cnbc, companies, dont, willink, title, work, promoted, wrong, youre, notices, team, seal, navy, trying, way


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Trump is trying to kill Obamacare again and Democrats couldn’t be happier

His administration restarted its efforts to kill the health care law this week, backing a lawsuit that argues all of the Affordable Care Act is unconstitutional. When the GOP tried several times to repeal Obamacare in 2017, voters overwhelmingly disapproved of the plans. “The one lasting effect of the repeal and replace debate is that the ACA is actually more popular than ever. “The repeal and replace debate in 2017 did the one thing that seemed impossible: which was to make the ACA popular.” An


His administration restarted its efforts to kill the health care law this week, backing a lawsuit that argues all of the Affordable Care Act is unconstitutional. When the GOP tried several times to repeal Obamacare in 2017, voters overwhelmingly disapproved of the plans. “The one lasting effect of the repeal and replace debate is that the ACA is actually more popular than ever. “The repeal and replace debate in 2017 did the one thing that seemed impossible: which was to make the ACA popular.” An
Trump is trying to kill Obamacare again and Democrats couldn’t be happier Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-30  Authors: jacob pramuk, scott olson, getty images
Keywords: news, cnbc, companies, kill, happier, couldnt, care, health, house, trump, debate, obamacare, democrats, fight, republicans, replace, repeal, trying


Trump is trying to kill Obamacare again and Democrats couldn't be happier

President Donald Trump has an Obamacare problem.

His administration restarted its efforts to kill the health care law this week, backing a lawsuit that argues all of the Affordable Care Act is unconstitutional. Now, Trump faces a question that has confounded Republicans in recent years: if courts toss out Obamacare, how do you replace it with an alternative that expands coverage, cuts costs and keeps the law’s most popular parts in place?

The White House has no easy answers. When the GOP tried several times to repeal Obamacare in 2017, voters overwhelmingly disapproved of the plans. Americans grew to like the existing law more when they saw projections that the Republicans’ alternatives would leaves tens of millions more people uninsured or increase costs.

Democrats flipped 40 House seats and control of the chamber in last year’s midterms in large part by criticizing the Republican push to repeal the ACA. After the drubbing, Republican leaders in Congress have had little appetite for reopening the Obamacare fight, instead focusing on several top Democratic presidential candidates’ calls for a government-run “Medicare-for-all” health care system.

Then Trump jumped into the fray in recent days. Focusing on health care ahead of a pivotal 2020 election, in which Republicans will try to defend the White House and a Senate majority and retake House seats, carries massive political risk. There’s little evidence to suggest voters trust Trump and the GOP to come up with a health care plan if the president gets his wish and the Supreme Court scraps Obamacare.

“The one lasting effect of the repeal and replace debate is that the ACA is actually more popular than ever. That will make it harder to talk about repealing and replacing it,” said Larry Levitt, senior vice president for health reform at the Kaiser Family Foundation. “The repeal and replace debate in 2017 did the one thing that seemed impossible: which was to make the ACA popular.”

For Democrats, Trump’s decision to make health care front and center of the political debate again is a welcome change of topic for the party after special counsel Robert Mueller concluded the Russia probe. After a two-year investigation, Mueller did not establish that members of the Trump campaign conspired with Russia’s interference in the 2016 presidential election, putting Democrats on the defensive.

House Speaker Nancy Pelosi quickly jumped on Trump’s latest moves against Obamacare, announcing a vote in the coming week to condemn his attempt to kill the law. And 2020 Democratic presidential candidates see health care as a winning issue as the campaign heats up. Sen. Kirstin Gillibrand, who officially launched her campaign the day Mueller’s key findings were released, said the debate over health care is a fight the party welcomes.

“If it’s a fight for healthcare this administration wants, it’s a fight they’ll get—and we will win,” Gillibrand said.


Company: cnbc, Activity: cnbc, Date: 2019-03-30  Authors: jacob pramuk, scott olson, getty images
Keywords: news, cnbc, companies, kill, happier, couldnt, care, health, house, trump, debate, obamacare, democrats, fight, republicans, replace, repeal, trying


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Huawei: US has a ‘loser’s attitude’ and is trying to smear the company because it can’t compete

The U.S. has a “loser’s attitude” and is trying to smear Huawei because it can’t compete with it, one of the top bosses at the Chinese firm said on Friday. During a press conference in which Huawei announced record revenue, Rotating Chairman Guo Ping attacked the U.S.”The U.S. government has a loser’s attitude. It wants to smear Huawei because it cannot compete against us,” Guo told a room of reporters at the company’s headquarters in Shenzhen, China. Huawei is suing the U.S. over a law that ban


The U.S. has a “loser’s attitude” and is trying to smear Huawei because it can’t compete with it, one of the top bosses at the Chinese firm said on Friday. During a press conference in which Huawei announced record revenue, Rotating Chairman Guo Ping attacked the U.S.”The U.S. government has a loser’s attitude. It wants to smear Huawei because it cannot compete against us,” Guo told a room of reporters at the company’s headquarters in Shenzhen, China. Huawei is suing the U.S. over a law that ban
Huawei: US has a ‘loser’s attitude’ and is trying to smear the company because it can’t compete Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: arjun kharpal
Keywords: news, cnbc, companies, cant, wants, trying, losers, attitude, chinese, compete, equipment, huawei, company, smear, guo


Huawei: US has a 'loser's attitude' and is trying to smear the company because it can't compete

The U.S. has a “loser’s attitude” and is trying to smear Huawei because it can’t compete with it, one of the top bosses at the Chinese firm said on Friday.

During a press conference in which Huawei announced record revenue, Rotating Chairman Guo Ping attacked the U.S.

“The U.S. government has a loser’s attitude. It wants to smear Huawei because it cannot compete against us,” Guo told a room of reporters at the company’s headquarters in Shenzhen, China.

Washington has said Huawei’s networking equipment poses a risk to countries because it could be used as a backdoor by the Chinese government for espionage, accusations the company has repeatedly denied. Huawei is suing the U.S. over a law that bans government agencies from buying the firm’s equipment, claiming the legislation is unconstitutional.

Guo said the U.S.’s actions have “troubled” the company to some extent, but that customers would make their own decisions about whether to use the Chinese vendor’s equipment or not.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: arjun kharpal
Keywords: news, cnbc, companies, cant, wants, trying, losers, attitude, chinese, compete, equipment, huawei, company, smear, guo


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Huawei: US has a ‘loser’s attitude’ and is trying to smear the company because it can’t compete

The U.S. has a “loser’s attitude” and is trying to smear Huawei because it can’t compete with it, one of the top bosses at the Chinese firm said on Friday. During a press conference in which Huawei announced record revenue, Rotating Chairman Guo Ping attacked the U.S.”The U.S. government has a loser’s attitude. It wants to smear Huawei because it cannot compete against us,” Guo told a room of reporters at the company’s headquarters in Shenzhen, China. Huawei is suing the U.S. over a law that ban


The U.S. has a “loser’s attitude” and is trying to smear Huawei because it can’t compete with it, one of the top bosses at the Chinese firm said on Friday. During a press conference in which Huawei announced record revenue, Rotating Chairman Guo Ping attacked the U.S.”The U.S. government has a loser’s attitude. It wants to smear Huawei because it cannot compete against us,” Guo told a room of reporters at the company’s headquarters in Shenzhen, China. Huawei is suing the U.S. over a law that ban
Huawei: US has a ‘loser’s attitude’ and is trying to smear the company because it can’t compete Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: arjun kharpal
Keywords: news, cnbc, companies, attitude, guo, wants, huawei, smear, losers, equipment, company, trying, cant, compete, chinese


Huawei: US has a 'loser's attitude' and is trying to smear the company because it can't compete

The U.S. has a “loser’s attitude” and is trying to smear Huawei because it can’t compete with it, one of the top bosses at the Chinese firm said on Friday.

During a press conference in which Huawei announced record revenue, Rotating Chairman Guo Ping attacked the U.S.

“The U.S. government has a loser’s attitude. It wants to smear Huawei because it cannot compete against us,” Guo told a room of reporters at the company’s headquarters in Shenzhen, China.

Washington has said Huawei’s networking equipment poses a risk to countries because it could be used as a backdoor by the Chinese government for espionage, accusations the company has repeatedly denied. Huawei is suing the U.S. over a law that bans government agencies from buying the firm’s equipment, claiming the legislation is unconstitutional.

Guo said the U.S.’s actions have “troubled” the company to some extent, but that customers would make their own decisions about whether to use the Chinese vendor’s equipment or not.


Company: cnbc, Activity: cnbc, Date: 2019-03-29  Authors: arjun kharpal
Keywords: news, cnbc, companies, attitude, guo, wants, huawei, smear, losers, equipment, company, trying, cant, compete, chinese


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