The pressure on Facebook to better monitor content on its platform isn’t letting up. And at least one investor thinks the issues that have recently come to light are just a “small piece of the problem.” “The problem is the algorithms are set up now,” Elevation Partners co-founder Roger McNamee told CNBC’s “Squawk Alley” Wednesday. […]
Read moreInstitutional investors are “underweight” technology stocks overall, yet they still really love big names in the sector like Alphabet, Facebook and Microsoft, according to a new report out Tuesday from eVestment, which tracks money manager ownership trends. The quarterly report showed that as a whole, large-cap growth equity funds significantly went underweight the broader tech […]
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ASK young American parents about Toys “R” Us and they are likely to be able to sing a jingle from their childhood: “I don’t wanna grow up, ’cause maybe if I did, I couldn’t be a Toys ‘R’ Us kid”. For children of the 1980s, Toys “R” Us was a mecca at the strip mall, […]
Read moreFedEx‘s CEO had an undaunted response when asked on a call with analysts and investors about how Amazon‘s purchase of Whole Foods Markets may disrupt retailers and the courier business. “E-commerce is not going to eliminate the retailing sector of the country,” FedEx CEO Fred Smith said Tuesday. “It’s about 10 percent now. It’s certainly […]
Read moreCNBC’s Jim Cramer said Wednesday that Sen. Elizabeth Warren is “dead right” when she says Equifax executives will likely get away unscathed for the credit reporting company’s data breach. In an interview Tuesday on “Mad Money,” Warren said: “So long as there is no personal responsibility when these big companies breach consumers’ trust, let their […]
Read moreVenture-capital backed Prattle will begin offering a new service Monday that quantifies and scores the language used in earnings calls and reports filed by 3,000 U.S. public companies. The company, which is backed by venture-capital firms including New Enterprise Associates and GCM Grosvenor, uses natural language processing and machine learning techniques to improve on current […]
Read moreApple CEO Tim Cook said on Wednesday that immigration is the “biggest issue of our time,” and that his company is pushing extremely hard on immigration reform. In particular, Cook defended the Deferred Action for Childhood Arrivals (DACA) program, which provides temporary protection and work authorization for young immigrants, brought to the U.S. as children, […]
Read moreOnce about as newsworthy as water meters, the voting machines and computers used to record and tally the nation’s ballots are suddenly a hot button issue due to mounting evidence Russia tried to interfere in the 2016 U.S. presidential elections. According to the FBI, as many as 39 states had their election systems scanned or […]
Read moreDigital companies in the European Union pay in tax less than half the amount paid by traditional firms, the European Commission said in a draft report which backs plans to increase the tax bill of firms like Amazon or Facebook. In the report to be adopted on Thursday, the Commission says the best solution to […]
Read moreBoeing executive Leanne Caret said Wednesday the defense company is a “buyer,” looking to make acquisitions. Her comments came two days after Northrop Grumman announced plans to buy missile and rocket maker Orbital ATK for $7.8 billion in cash. “We are continuing to look at other ways to increase our top line through mergers and […]
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