European leaders are assembling a playbook to preserve the Iran nuclear deal that puts the Continent on course for direct conflict with the United States. Analysts are deeply skeptical that the measures under consideration will embolden big European multinationals to continue doing business with Iran in the face of powerful U.S. sanctions. However, the dispute […]
Read moreThe third iteration of Boeing’s popular 777 airliner series will be able to retract part of its wings. The FAA recently signed off on the proposed designs. Folding wings have been employed for some military planes on aircraft carriers, but this will be the first instance on a commercial plane. The upcoming 777X aircraft will […]
Read moreFacebook and Twitter are clamping down on political ads ahead of the 2018 midterm elections in an effort to close loopholes that were exploited during the 2016 presidential campaign. As of Thursday, all election and issue-based ads on Facebook and Instagram must be labeled and have a “paid for by” disclaimer. Users can click through […]
Read moreThe 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 […]
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Netflix 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 […]
Read moreCurrency, United States Finance
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. […]
Read moreCurrency, United States Finance
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 […]
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