The United Auto Workers say Tesla CEO Elon Musk allegedly broke national labor laws by tweeting. A complaint dated Wednesday and filed with the National Labor Relations Board says Musk violated the National Labor Relations Act when he sent out a tweet the union alleges threatened to take away stock options from any employees attempting […]
Read moreElon Musk may or may not be launching a “Yelp for Journalists” — according to a Wednesday Twitter tirade from the serial tech entrepreneur. “Going to create a site where the public can rate the core truth of any article & track the credibility score over time of each journalist, editor & publication. Thinking of […]
Read moreNetflix passed Disney in market value and is now the most valuable media company in the world. Shares of Netflix rose 1.8 percent Thursday, reaching a market value of $152.6 billion, according to FactSet. Disney’s stock fell 1 percent and now has a market value of $151.8 billion. Market values of Netflix, Walt Disney and […]
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Zuckerberg says Facebook has 'always shared' the values of Europe's new data law
Facebook has always shared the principles of a strict data protection law being introduced by the European Union this week, CEO Mark Zuckerberg said Thursday. Zuckerberg said that Facebook provided control, accountability and transparency about how data is used, referring to values enshrined in the EU’s General Data Protection Regulation (GDPR). “These are values that […]
Read moreBest Buy shares were sinking Thursday following a first-quarter beat that failed to impress Wall Street. The problem, according to one market watcher, was that expectations were too high. “It was priced to perfection going into the number,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, told CNBC in an email Thursday. […]
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Iran's Supreme Leader just made 5 tough demands for Europe to save the nuclear deal
Iranian Supreme Leader Ayatollah Ali Khamenei has issued five demands to Europe that would be difficult for the Continent’s leaders to meet as they seek to salvage a 2015 nuclear accord. The European Union is engaged in high stakes talks with Tehran after President Donald Trump abandoned the Iran nuclear deal, putting the international agreement […]
Read moreRay Dalio said last year gold was good protection because of Trump and North Korea 'playing chicken'
President Donald Trump’s decision Thursday to cancel the Singapore summit with North Korea leader sent the price of gold higher as global investors sought safety. Bridgewater Associates founder Ray Dalio shared a specific game plan last year during a time period of rising tensions between the U.S. and North Korea. The investor recommended gold as […]
Read moreA little more than three months ago I wrote an article saying so-called safe haven stocks aren’t so safe. I pointed out that consumer staples stocks, as measured by the XLP — the popular consumer staples tracking ETF — were already off by 6 percent in early March. I take no pleasure in pointing this […]
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Watch Facebook's Mark Zuckerberg speak at Viva Tech 2018 as concerns over data protection heighten
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Mark Zuckerberg is speaking at the Viva Technology conference amid heightened concerns over how Facebook handles user data. The social network’s co-founder and chief executive is speaking to Maurice Levy, […]
Read moreGeopolitical turmoil and policy certainty are combining to make businesses more cautious about investing, Richmond Fed President Raphael Bostic said Thursday. With nuclear talks between the U.S. and North Korea breaking down, the central bank leader said the development was “a surprise” and part of “downside risks” for the economy. “Uncertainty has its own contribution,” […]
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