Economy

Facebook to require identity verification for political ads, large pages

Facebook to require identity verification for political ads, large pages And while Facebook already offers a variety of "opt-out" options, there is not one at the "highest level", she said. The Sony messages included disparaging remarks about movie stars and other people in the entertainment industry. This scandal about the unauthorized use of data mined from Facebook by political hacks freaks me out. Cambridge Analytica says it only ever received data on 30 million us... [Full Article...]

Facebook Messenger Will Soon Let You 'Unsend' Messages Just Like Mark Zuckerberg

Facebook Messenger Will Soon Let You 'Unsend' Messages Just Like Mark Zuckerberg Facebook is home to lively Group discussions, several casual games and, of course, Facebook Live. It'll take some time for it to get ready, but in the meanwhile, the firm is promising not to delete any executive's communications. Chief Executive Officer Mark Zuckerberg, who will testify at USA congressional hearing next week, has changed tack by communicating directly with the press in inte... [Full Article...]

Drake Drops New Song and Video "Nice for What"

Drake Drops New Song and Video Drake notified fans that in 24 hours he would drop new music on Friday and he did not disappoint. Misty Copeland and Issa Rae also feature, along with Rashida Jones , who Drake once admitted to being in love with. "That's a real one in your reflection", he raps. Wilde shared the video shortly after its release, with the simple caption, "This was funnnnnnnn". He teased the release of ... [Full Article...]

Facebook Now Says More Users Hit By Data Scandal

Facebook Now Says More Users Hit By Data Scandal Several Indian states like Karnataka, Madhya Pradesh, Rajasthan and Chhattisgarh are scheduled to go for polls this year and the general elections are due in a little over a year from now. Sandberg said Facebook is now working to rectify that. The worst hit country according to the Facebook statement is the United States , with 7.06 crore Facebook users affected in the data leak. [Full Article...]

Boeing clinches deal to sell 47 jets to American Airlines

Boeing clinches deal to sell 47 jets to American Airlines With this order, the worlds largest airline will also become the largest Dreamliner operator in the Western Hemisphere. The Boeing deal is worth a total of $12.3 billion before customary discounts. It is scheduled to take delivery of 60 737-8s through 2020, according to its latest fleet plan. The aircraft originally were to arrive in 2020-2022. "Both offer specific aircraft that provide us with th... [Full Article...]

Alibaba Group (NYSE:BABA) Stake Decreased by Flinton Capital Management LLC

Alibaba Group (NYSE:BABA) Stake Decreased by Flinton Capital Management LLC Highbridge Capital Management Llc who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $443.42B market cap company. The firm has "Buy" rating given on Thursday, August 17 by Bank of America. Relative strength indexes (RSI-14) for Alibaba Group Holding Limited ( NYSE : BABA ) is at 39.67. [Full Article...]

J&J loses trial over claims linking cancer to asbestos in talc

J&J loses trial over claims linking cancer to asbestos in talc Johnson & Johnson (NYSE: JNJ ) - aka J&J - is shelling out $37 million to a man over one of its products containing an ingredient that resulted in one of its customers getting cancer. A jury awarded $30 million to the banker from Verona, New Jersey, and $7 million to his wife. The verdict is the first time a jury has backed a consumer's claims that the company's baby powder causes mesothelioma, ... [Full Article...]

Trump threatens China with additional $100bn tariffs

Trump threatens China with additional $100bn tariffs Stocks opened lower on Wall Street with the S&P 500 Index down 0.7 per cent at 9.34am in NY. Trump said his move was in response to China's announcement this week that it will levy potential retaliatory tariffs on about $ 50 billion worth of us goods, including aircraft and soybeans. [Full Article...]

Facebook to Implement New Verification Guidelines for Political Ads

Facebook to Implement New Verification Guidelines for Political Ads The step is meant to prevent the kind of foreign interference in elections that the US saw from Russian Federation in 2016 and continues to experience. The legislation would also require online platforms to make "all reasonable efforts" to ensure that foreign nationals and entities are not buying political ads to influence the USA electorate. [Full Article...]

Investor's Roundup (Volatility Analysis) - Ford Motor Company (NYSE:F)

Investor's Roundup (Volatility Analysis) - Ford Motor Company (NYSE:F) However, the stock is trading at -14.85% versus recent highs ($13.33). If a tit-for-tat tariff dispute between the two countries erupts into a full-blown trade war, auto production in both will be affected, but US factories would feel the strongest effect because China imports almost 270,000 USA vehicles, worth $11 billion, and sends relatively few back. [Full Article...]

Windsor's unemployment rate increases to 5.2 per cent

Windsor's unemployment rate increases to 5.2 per cent On the other end of the spectrum, Northampton County had the highest jobless rate, at 8.1 percent, followed by Lancaster County at 7.8 percent and Northumberland County at 7.2 percent. The B.C. unemployment rate is by far the best in Canada, nearly a full percentage point ahead of the next best. For example, a rising number of working-age Americans have begun looking for a job and finding one, r... [Full Article...]

Younkers at The Empire Mall to Close

Younkers at The Empire Mall to Close Bon-Ton's corporate office in Wisconsin will also close. That includes $1.3 million for replacing and repairing the department store roof, $400,000 for repaving the parking lot and additional repairs, including the roof drainage system, totaling $300,000. [Full Article...]

Wall Street falls 2 percent following remarks by Fed's Powell

Wall Street falls 2 percent following remarks by Fed's Powell President Donald Trump's latest tariff threat on Chinese imports fueled increasing concern over a U.S. trade war with China . The S&P 500 index climbed 1.2 percent to 2,644.69. At 8:49 a.m. ET, Dow e-minis were down 195 points, or 0.8 percent. Boeing , which delivered one-fourth of all its planes to China a year ago, fell as much as 5.7 percent early on and finished with a loss of $3.38, ... [Full Article...]

Lalu's son Tej Pratap to tie the knot with Aishwarya

Lalu's son Tej Pratap to tie the knot with Aishwarya On the Lalu's 70th birthday in 2017, when media had questioned Rabri Devi about marriage plans of her sons, she had replied that the family was searching "sanskari" daughters-in-law for her sons. Her father, former Bihar minister Chandrika Rai , could not be reached for confirmation despite several attempts. Interestingly, Bihar BJP chief, Sushil Modi, whose son's wedding had been boycotted b... [Full Article...]

Markets Now: Stocks Gain Steam on Trade War Relief

Markets Now: Stocks Gain Steam on Trade War Relief Stocks start lower but have pared opening bell losses and nowhere near the bloodbath levels indicated by the futures markets overnight; Dow -0.4%, S&P -0.3%, Nasdaq -0.2%. Boeing, the single largest U.S. exporter to China, fell 1.12 per cent. Caterpillar declined 1.3 per cent and Deere dropped about 2 per cent. Investors will also tune into Fed Chairman Jerome Powell's speech at an event lat... [Full Article...]

Job Creation Sputtered in March

Job Creation Sputtered in March Economists had expected the US job market to slow down from its recent fast pace, predicting from 180,000 to 190,000 new jobs. With these revisions, employment gains in January and February combined were 50,000 less than previously reported. [Full Article...]

Air India privatisation: IndiGo walks out of race for domestic operations

Air India privatisation: IndiGo walks out of race for domestic operations Budget carrier IndiGo , which had initially evinced interest in acquiring Air India's worldwide operations, on Thursday said it was not in fray to bid for the national carrier as such option was not available under the disinvestment plan. Indi's largest budget carrier, IndiGo had expressed an interest in acquiring Air India's longhaul operations as a means of accelerating its worldwide growth. [Full Article...]

Rick Rule Sees Gold Reaching US$1400 if Trade War Breaks Out

Rick Rule Sees Gold Reaching US$1400 if Trade War Breaks Out Markets in mainland China , the world's largest gold consumer, are closed for the Tomb Sweeping Day holiday on Thursday and Friday. Spot gold rose 0.2 percent to $1,334.64 per ounce as of 0700 GMT, after falling 0.6 percent in the previous session. [Full Article...]

Trump proposes US$100b more in tariffs on China

Trump proposes US$100b more in tariffs on China The US on Tuesday published a list of $50 billion in Chinese exports set to be hit by US tariffs because of Beijing's alleged theft of intellectual property and technology. "Any additional tariffs proposed will be subject to a similar public comment process as the proposed tariffs announced on April 3, 2018 ". The ministry also vowed to take "comprehensive countermeasures", according to X... [Full Article...]

Trade dispute escalates as Trump threatens $100 billion more in China tariffs

President Trump has instructed the USA trade representative to consider slapping an additional $100 billion in tariffs on Chinese goods in a dramatic escalation of the trade dispute between the two countries. Trump has demanded that China cut the trade gap by $100 billion. Doug Kass, who runs hedge fund Seabreeze Partners Management Inc, added: "Our president is going to make market volatility... [Full Article...]


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