Facebook will now work to prevent advertisers from reaching customers based on offensive and derogatory terms, chief operating officer Sheryl Sandberg wrote in a post on her Facebook page Wednesday. The company will stop any advertiser from targeting customers using topics that go against its company standards, Sandberg wrote. Non-approved targeting categories include anything that […]
Read moreEven if you’re skeptical about cryptocurrencies, but the ICO, or initial coin offering, has been one of the hottest trends in tech this year. Startups that raised money through ICOs have accumulated a record $2.2 billion this year alone, according to Coinschedule.com. Unlike a stock IPO, where companies sell shares, an ICO lets investors buy […]
Read moreGuggenheim Partners chief investment officer Scott Minerd downplayed reports that there was upheaval at the firm, telling CNBC on Monday “there is no tumult.” Reports have included that Mark Walter was considering stepping down as CEO and that there was a power struggle between Walter and Minerd. Minerd called the characterization of a power struggle […]
Read moreWarren Buffett may be famous for his investing skill, but his lounge act isn’t bad, either. He took to the stage as recently as Tuesday night, at the centennial party for Forbes magazine in New York, where he teamed up with Stevie Wonder to sing Billy Hill’s 1936 classic “The Glory of Love.” Buffett likes […]
Read moreAmazon is ramping up conversations with a group of drug middlemen known as pharmacy benefits managers or PBMs, according to analysts from Leerink Partners. PBMs are a critical part of the drug supply chain, as they negotiate prices with drug manufacturers on one end, and manage pharmacy benefits for insurers on the other. The report, […]
Read moreTesla’s Autopilot system may not be as far along as many investors believe, says a new report from Bernstein. The report goes on to say that German firms may have technology even more sophisticated than Tesla’s current version of Autopilot. And Google/Waymo may be way ahead of everyone. “While Tesla has many advantages, we believe […]
Read moreThe Federal Reserve would only veer from its plans to reduce the trillions in stimulus it has provided if the economy were to undergo an unforeseen shock, Chair Janet Yellen said. On the same day the Fed announced it will start rolling off its $4.5 trillion balance sheet portfolio of Treasurys and mortgage bonds, Yellen […]
Read moreGreece is considering swapping 20 small bond issues for four or five new ones, government sources said, as it prepares to exit its international bailout and resume normal financing operations. The country has been surviving on rescue funds since 2010 and is anxious to draw a line under its bailout phase next year. The government […]
Read moreAs yet another hurricane rips through the Caribbean, the Federal Reserve on Wednesday said two of its nastiest predecessors, Harvey and Irma, will have little long-lasting economic effects. The central bank, after a two-day policymaking meeting, noted the harm Harvey and Irma caused but said it’s unlikely to be long-lasting. In fact, the Fed actually […]
Read moreThe Federal Reserve took the first tentative steps Wednesday to unwind its history-making economic stimulus. As markets expected, the U.S. central bank announced it will begin to roll off its $4.5 trillion balance sheet in October. Most of those assets consist of the Treasurys and mortgage-backed securities it acquired under a program known as quantitative […]
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