Facebook looks “less like an ad business and more like an attack surface,” James Murdoch, the CEO of 21st Century Fox, said at Recode’s Code Conference this week. “You can have neo-Nazis or foreign governments or political actors or whatever [on the platform,]” Murdoch said at the conference in Rancho Palos Verdes, California. “It’s easy […]
Read moreConsumer Reports said Wednesday it now recommends the Tesla Model 3, reversing an earlier decision over the car’s long stopping distance and other issues. The group said Tesla’s ability to fix the issue with a remote software update was a first for a carmaker. Tesla improved the car’s braking distance by about 20 feet through […]
Read moreDuring Amazon’s annual shareholder meeting on Wednesday, CEO Jeff Bezos acknowledged the e-commerce giant has come under a lot of scrutiny this year. But the billionaire said he didn’t take it too personally, and he seemed open to increased inspection, as he addressed shareholder questions. “Large entities deserve to be inspected and scrutinized. Inside Amazon […]
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Apple has been trading sideways since hitting record highs earlier this month. Oppenheimer technician Ari Wald sees three reasons why the next move for the tech leader will be up. First, Apple has managed to break through several key resistance levels, Wald told CNBC’s “Trading Nation” on Tuesday. “The stock’s breakout above March resistance, it […]
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ARE you on America’s newest airport-security watch list? You could be, but you would never know. That is because the list is secret, and no one quite understands what it takes to land on it. News of the list emerged earlier this month, when the New York Times obtained a five-page internal directive from the […]
Read moreGas prices are the highest they’ve been in four years, and Uber and Lyft drivers are feeling the pinch. Ride-share drivers are responsible for operating expenses like car maintenance and gas. CNBC spoke with drivers, who say that higher costs at the pump are an increasing concern. Fernando Felicio moved to San Francisco from New […]
Read moreWeighing in on tech regulation from Recode’s Code Conference on Wednesday, Zillow CEO Spencer Rascoff rushed to Facebook‘s defense. He said the social network shows evidence of a “cultural shift,” and executives are now more wary of the negative potential of their creation. In an interview on Tuesday with Recode’s Kara Swisher, Facebook COO Sheryl […]
Read moreTarget shares will rise as the discount retailer benefits from aging demographics, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for the retailer and added the stock to its US1 top ideas list. “We believe the company should benefit from the discount store cycle … given our view that TGT’s […]
Read moreA dissident Russian journalist who was reported murdered in Kiev dramatically reappeared alive on Wednesday in the middle of a briefing about his own killing by the Ukrainian state security service. Ukrainian authorities had said on Tuesday that Babchenko, a 41-year-old critic of President Vladimir Putin and of Russian policy in Ukraine and Syria, had […]
Read moreCurrency, United States Finance
OECD predicts two more years of economic expansion, but oil and trade are major risks
The current outlook for growth is bright, but specific risks could endanger long-awaited progress, according to a report released Wednesday by the Organization for Economic Cooperation and Development (OECD). Global gross domestic product (GDP) growth is nearing the long-term average of 4 percent, the “cruising speed” reached before the financial crisis, the OECD’s 2018 Economic […]
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