In the past year there have been four massive changes in factors that determine the outlook for banks: A new tax regime has been put in place for corporations. There has been a significant shift in monetary policy. The banking regulatory regime has been torn apart and is being rebuilt. Advances in technology are changing […]
Read moreWhen Michael, a 32-year-old from Missouri, wants to settle down and watch something on Netflix, he doesn’t start by opening his computer or firing up his smart TV. Instead, he checks his mailbox. “I still tend to think of DVDs as the core service and streaming as an add-on, even though I know that’s not […]
Read moreMost of Wall Street is gushing over Netflix shares after the company crushed fourth-quarter subscriber expectations, but one analyst says it is time for investors to take some profits. Buckingham Research Group lowered its rating for Netflix shares to neutral from buy, citing concerns over the company’s spending on content to boost profit down the […]
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The demographic shifts taking place in the U.S. workforce make economic growth of 3 percent on a sustained basis highly unlikely, said David Rubenstein, co-founder and co-chairman of The Carlyle Group. In a CNBC interview Tuesday from the World Economic Forum in Davos, Switzerland, the private equity billionaire said, “I think we’d be lucky and […]
Read moreMajor U.S.-based energy and consumer appliance stocks jumped Tuesday after President Donald Trump’s decision to slap tariffs on imported solar cells and washing machines. Shares of U.S. home appliance manufacturer Whirlpool jumped 5 percent and shares of Arizona-based First Solar surged 4 percent on Tuesday. The Trump administration will impose a 20 percent tariff on […]
Read moreCurrency, United States Finance
PR industry should ‘tell both sides of the story’ after Bell Pottinger scandal, says Edelman
PR chief Richard Edelman has called on the industry to be more balanced in the stories it promotes to the media following a scandal that saw agency Bell Pottinger’s British business file for bankruptcy. Bell Pottinger ran a PR campaign for Oakbay Investments that was labeled racially divisive by a law firm hired to investigate […]
Read moreSnapchat users will soon be able to share Stories outside the app to Facebook and Twitter in an effort to spark growth on the social media app. Users will be able to share Stories to their linked social media accounts or through text or email with a link to a webpage where people who don’t […]
Read moreTwitter COO Anthony Noto is leaving the company, Twitter said Tuesday. Noto will be CEO at SoFi, according to a release from the online finance company, following reports this weekend that SoFi offered him the job. “Working at Twitter has been a once in a lifetime opportunity, and I am immensely proud of our team […]
Read moreApple’s long-awaited smart speaker is finally hitting shelves. The HomePod will be available February 9, and goes on pre-order this Friday, Apple announced on Tuesday. The release dates apply to the U.S., U.K. and Australia, while the speaker will be sold in France and Germany, two of Siri’s primary markets, later this spring. Apple’s HomePod […]
Read moreApple, Amazon, Facebook and Google cumulatively racked up a roughly $50 million tab fighting off President Donald Trump and an onslaught of new federal regulations last year — a reflection that the tech industry is increasingly under political siege in the nation’s capital. Over the course of 2017, the biggest brands in tech warred with […]
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