President Donald Trump took aim at Facebook on Wednesday, suggesting the social media company was in cahoots with “Fake News” networks. Trump tweet Facebook is already under pressure in Washington, where investigators and Congress are already examining thousands of Facebook advertisements from the 2016 election. Chief executive Mark Zuckerberg also recently announced he will sell […]
Read moreDelta said on Wednesday that customers will be able to send free messages with popular chat platforms while in the air, beginning October 1. Customers will be able to use iMessage, WhatsApp and Facebook Messenger while in the air on a Gogo-equipped flight. Gogo is a popular Wi-Fi platform aboard airlines but customers won’t need […]
Read moreUber kicked off an appeal at a U.K. employment tribunal Wednesday in which it will argue that its drivers are self-employed rather than employees of the company. The final decision of the appeal could have a major impact on the way that that ride hailing company runs its operations in Britain. CNBC explains what has […]
Read moreAmazon shares are faltering this month along with many of its large cap technology company peers. But the pullback is a buying opportunity, according to one Wall Street firm. Wells Fargo Securities began coverage of Amazon with an outperform rating on its shares and a price target of $1,400, which is 49 percent above Tuesday’s […]
Read moreCurrency, United States Finance
Europe's most important economic policymaker is reportedly changing jobs
German Finance Minister Wolfgang Schaeuble will become President of the German parliament, a position that would require him to quit as minister, a conservative party source told Reuters on Wednesday, confirming a report by Bild newspaper. Bild reported that Schaeuble, the longest-serving member of parliament, had been urged by Chancellor Angela Merkel to take the […]
Read moreNFL players taking a knee to raise awareness for social injustice has turned into a controversy that might cause the league to lose money. DirecTV, the host network for the NFL Sunday Ticket, which is a package for viewers to watch any game around the league, is going to allow some of its customers to […]
Read moreThe Apple iPhone X is delayed because of two parts, dubbed Romeo and Juliet, that are used for facial recognition, The Wall Street Journal reported Wednesday. The iPhone X will sport a feature that allows it to unlock when a user looks at the phone, though it appears it’s this compelling new function that has […]
Read moreWith the holiday season approaching, this week Target became the first low-wage chain to announce it will raise pay to $15 an hour. Chief executive Brian Cornell said the decision to raise wages to $15 by 2020 will help Target attract and retain talent as the hyper-competitive retail sector enters its busiest quarter. It also […]
Read moreCheck out which companies are making headlines before the bell: Nike – Nike reported quarterly profit of 57 cents per share compared to consensus estimates of 48 cents. The athletic footwear and apparel maker’s revenue was essentially in line, but it did post its slowest quarterly sales growth in almost seven years amid intensifying competition. […]
Read moreNew orders for key U.S.-made capital goods increased more than expected in August and shipments maintained their upward trend, pointing to underlying strength in the economy despite an anticipated drag to growth from Hurricanes Harvey and Irma. The Commerce Department said on Wednesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business […]
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