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Amazon, Google, Facebook, Apple CEOs To Face Congress

PYMNTS

David Cicilline (D-Rhode Island), chairman of the House Antitrust Subcommittee, has asked each of the company’s executives to testify before completing its investigation and crafting reforms that would regulate the digital market. Cook testified in 2013 about Appleā€™s payment of taxes, CNBC reported.

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Ongoing US China Trade War Causes Morgan Stanley To Slash Apple Price Target

PYMNTS

Apple is particularly vulnerable to the trade war because the Chinese market, which includes Hong Kong and Taiwan, is its third largest. The plaintiffs, who live in Michigan and Rhode Island, are trying to get class-action status for the lawsuit. In the event Apple is unsuccessful in persuading the [U.S.

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Lending Is Failing To Live Up To 2018ā€™s Great Expectations

PYMNTS

Crediting lower taxes, thanks to the end of the year tax reform bill passed by Congress, regional bank executives saw a sudden and notable pick up in both commercial loan demand and a big jump in spending on credit and debit cards. The tax cut had done what it was intended to do: boost economic activity. As of early 2018, U.S.

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DOJ To Investigate Intuitā€™s $7B Takeover Of Credit KarmaĀ 

PYMNTS

ProPublica reported the DOJ has raised questions about potential antitrust issues if Intuit, the maker of TurboTax, takes over its former rival that offered free tax preparation tools. David Cicilline , (D-Rhode Island) raised questions about the deal. Department of Justice (DOJ) has launched a probe into Intuit ā€™s $7.1