CEO Mark Zuckerberg said on Thursday that Facebook provided suspected Russian-linked election ads to Congress. He spoke on Thursday in a live stream on his Facebook profile. The feed started at 3:30 ET. Facebook also released a blog post on the issue. “We are committed to rising to the occasion…to work with the government to […]
Read moreAmazon is hiring for one of its start-ups focused on incorporating videos into the shopping experience. The company announced a hiring blitz in New York on Thursday. One job posting was for a user experience designer for “Amazon Live,” a start-up that “leverages interactive streaming video to create new shopping experiences for customers,” according to […]
Read moreThe Federal Reserve announced on Wednesday that it would start to unwind its massive $4.6 trillion balance sheet, as it embarks on its long awaited plan to normalize monetary policy. As the central bank of the United States, the Fed does not have to follow the normal rules generally applied to financial institutions and it […]
Read moreBlue Apron shares were higher on Thursday after a tie-up between rival Plated and grocer Albertsons was announced on Wednesday evening. Blue Apron’s shares rose as high as $5.68 on Thursday and were up about 2 percent at $5.35 around midday. The uptick comes after Albertsons said it would acquire meal-kit company Plated, and offer […]
Read moreWarren Buffett is famously optimistic, but his view of the U.S. stock market long-term is more conservative than it might suggest. At a party for Forbes magazine’s centennial earlier this week, Buffett said the Dow Jones industrial average will be over 1 million in 100 years, up from 22,397 currently (which is near a record, […]
Read moreFacebook on Thursday is announcing updates to its Messenger chat app that make it more helpful during conversations. The biggest addition: Messenger will start giving you brief answers that you can tap in the app to easily respond to messages. For example, if a friend asks you if she can borrow your camping gear, you’ll […]
Read moreEquifax CEO Richard Smith will testify about a massive data breach that impacted up to 143 Americans to the Senate Banking Committee on October 4. The company’s shares have plummeted more than 30 percent amid letters from members of Congress about the hack and requests for answers. Smith had already agreed to testify before a […]
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Famed short-seller Jim Chanos is not a fan of the restaurant sector. As a result, he is shorting burger chain stocks. CNBC’s Mike Santoli spoke with Chanos in an exclusive interview for CNBC PRO on the sidelines of the Delivering Alpha conference in New York last week. Santoli asked the hedge fund manager which areas […]
Read moreFamed short-seller Jim Chanos shares his views on investing and betting against companies in an exclusive interview for CNBC PRO with Mike Santoli. On the healthcare and medical services industry: “We believe pretty strongly that a sea change is happening in the U.S. health-care system. That we are embarked upon the ending of health-care […]
Read moreA congressional investigation into Russia‘s role in the 2016 presidential election — and the way in which Kremlin-aligned forces may have pursued their efforts on social media — is already expanding beyond early scrutiny of Facebook. For Sen. Mark Warner, the top Democrat on his chamber’s intelligence committee, there are fresh fears about the extent […]
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