Facebook CEO Mark Zuckerberg is now the third richest person in the world with a net worth of $81.6 billion, surpassing famed investor Warren Buffett. Zuckerberg’s net worth passed Buffett’s on Friday after Facebook shares went up 2.4%. Zuckerberg is still behind Amazon CEO Jeff Bezos and Microsoft cofounder Bill Gates. …read more […]
Jim Cramer reveals which company is kicking off earnings season. …read more […]
Twitter and other social media platforms such as Facebook Inc (FB.O) have been under scrutiny by U.S. lawmakers and international regulators for doing too little to prevent the spread of false content. Twitter suspended more than 70 million accounts in May and June, and the pace has continued in July, the Post reported on Friday, citing data it obtained. “It’s hard to believe that 70 million accounts were affected when Twitter has only 336 million monthly active users (MAU),” Wedbush analyst Michael Pachter said. …read more […]
Scott Pruitt Is Devastated That White House Forced Him to Resign EPA Post, Sources Say …read more […]
Jim Cramer details his game plan for the week ahead as opposing economic forces come head to head. …read more […]
Federal Reserve Chair Jerome Powell spends more time with U.S. lawmakers, White House advisers, and bankers than did his predecessor Janet Yellen, who tended to favor meetings with professors, the Treasury secretary and community advocates.
The move represents a big bet by BP on U.S. oil and gas production at a time when energy prices are rebounding. It would allow it to significantly rebalance its business with oil production, after focusing largely on natural gas assets. BHP said in August it aimed to sell onshore shale assets in the Eagle Ford, Permian, Haynesville and Fayetteville basins, which it acquired at the height of the oil boom. …read more […]
China responding to $34 billion in U.S. tariffs with new tariffs of their own. Forbes Media Chairman Steve Forbes says the U.S. should rely on international organizations to leverage China on trade. …read more […]
BP Plc is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion, people familiar with the matter said on Friday.
Twitter been ramping up its purges of fake users, suspending 70 million …read more […]
Brazil’s state-run oil company Petróleo Brasileiro SA has lifted restrictions on doing business with certain units of the engineering firm Odebrecht SA, Petrobras said in a securities filing on Friday. Petrobras’ board of directors approved the measure at a board meeting on Thursday, the filing said. Odebrecht has been at the center of a major global corruption investigation, involving numerous other firms that paid billions of dollars in bribes to win contracts with Petrobras in the last two decades. …read more […]
Twitter Inc suspended more than one million accounts a day in recent months to lessen the flow of misinformation on the platform, the Washington Post reported on Friday, citing data it obtained.
Jul.06 — Biogen Inc. and Japanese partner Eisai Co. surged after a closely watched Alzheimer’s drug showed positive results in a large clinical trial, raising hopes for treatment of a disease that’s befuddled researchers for decades. Bloomberg’s Drew Armstrong has more on “What’d You Miss?” …read more […]
U.S. stocks climbed on Friday, with the S&P 500 and the Nasdaq hitting their highest levels in two weeks, as strong U.S. jobs growth blunted the impact of an escalating U.S.-China trade dispute.
A U.S.-China trade fight resulting in duties on $34 billion worth of each other’s imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions.
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