Facebook shares may have recovered from the Cambridge Analytica data scandal, but NYU Stern professor of marketing Scott Galloway is still pushing for the company to be regulated. “Just as big tobacco was never able to make the connection between tobacco and cancer, and the NRA can’t make the connection between gun sales and mass […]
Read moreFacebook is “very serious” about launching its own cryptocurrency, according to a report from Cheddar. It’s not the first time the idea of a Facebook coin has been floated, but the plans take on some greater meaning in light of Facebook’s recently reshuffled executive structure and newly formed blockchain group. Blockchain, the decentralized record-keeping system, […]
Read moreCrypto could just make or break Nvidia. The chipmaker’s stock fell more than 2 percent Friday despite an earnings beat posted Thursday. The drop was in part thanks to a statement by CEO Jensen Huang on the company’s earnings call that despite making almost $300 million from crypto-related sales, he expects the number to be […]
Read moreIraq’s reconstruction efforts desperately need international investment, and the U.S. and its Gulf allies want to push back Iran’s entrenched influence in the war-weary country. Billions of dollars in recently pledged investment from Saudi Arabia and its neighbors may serve as a tool to meet both of these ends, but Iraq’s upcoming election could threaten […]
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As the markets creep higher, some stocks have blazed past the rest to score massive gains for the year. A handful of stocks, including Netflix, TripAdvisor and Chipotle, now trade at least 20 percent above their 200-day moving average. But only some are worthy of their parabolic rise, according to Miller Tabak equity strategist Matt […]
Read moreShortly after AT&T apologized for the “big mistake” it made in hiring President Donald Trump‘s personal lawyer, Michael Cohen, the telecommunications giant released a document articulating its relationship with the president’s fixer. The memo, which was obtained by CNBC, says AT&T hired Cohen, who is known for his close ties to Trump, as a political […]
Read moreSymantec shed a third of their value Friday, on pace for the stock’s worst day in 17 years. Shares fell more than 30 percent Friday to a low of $18.85 — levels not seen since June 2016. The cybersecurity company said Thursday it launched an internal audit in response to concerns from a former employer, […]
Read moreGoogle launched a new page that makes it easier for users to stop it from tracking everything you do online. (It knows a lot of what you do. Check out our guide that shows how to download everything Google knows about you for some insight.) The changes are part of Google’s effort to meet new […]
Read moreChinese ride-hailing start-up Didi Chuxing said Friday it is suspending one of its carpooling services, called “ride-hitching,” for a week after a passenger was murdered. Didi said that a woman, identified only as “Ms. Li,” was killed after the son of a driver registered with the company accessed his father’s app, allowing him to pick […]
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Verizon Communications shares should rise this year as a healthy dividend yield lures investors ahead of clarity on its path for 5G wireless, according to J.P. Morgan. The firm raised its rating on the company’s shares to overweight from neutral, foreseeing a better competitive climate over the next 12 months. “Verizon seems to be the […]
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