Year: 2019

Cambridge Analytica whistleblower Christopher Wylie blasted Facebook’s continued influence after its widely publicized data scandal, …read more […]

(Bloomberg) — No president in modern history has followed the stock market more obsessively as a barometer of success than Donald Trump. You can see it in the dozens of tweets he’s sent referencing the Dow Jones Industrial Average, in the way every record is celebrated while lurches are pinned on the Democrats.Turns out, he might actually be onto something.While it’s long been accepted that prosperity influences elections, the role of the market itself in picking winners has started to get more attention in expert circles. A few keen observers noticed that in 2016, stock returns turned negative a few …read more […]

(Bloomberg Opinion) — America’s second shale boom is running out of steam. But don’t panic just yet, a third one may be coming over the horizon.The U.S. Energy Information Administration published its latest short-term energy outlook last week and has cut its forecast of oil production by the end of 2020 for the fourth straight month. It now expects American output to rise by just 370,000 barrels a day over the course of next year. That will be the slowest growth in four years and is yet another indicator that the latest period of rapid shale expansion is faltering.The number …read more […]

U.S. Senator Elizabeth Warren’s Democratic presidential campaign this week challenged Facebook’s policy that exempts politicians’ ads from fact-checking, by running ads on the social media platform containing the false claim that Facebook CEO Mark Zuckerberg endorsed President Donald Trump’s re-election bid. “Facebook changed their ads policy to allow politicians to run ads with known lies – explicitly turning the platform into a disinformation-for-profit machine. Facebook Inc’s policy has come under fire from another Democratic front-runner in the 2020 race. …read more […]

It is a big week ahead, with corporate earnings, trade talks, Brexit and economic data in focus. There’s also the IFM meetings and the EU Summit. …read more […]

It’s been a bullish week for Bitcoin and the top 10. A Bitcoin breakthrough to $8,400 levels would give the majors another boost on the day. …read more […]

Lyft Inc, following its rival Uber’s move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday. “This rule is not a serious attempt to address congestion, and would hurt riders and drivers in New York,” Lyft spokesman Campbell Matthews said in a statement to Reuters. The “cruising cap” rule, implemented by the city’s Taxi and Limousine Commission (TLC), sets a 31% limit on how much time drivers of app-based vehicles may drive without passengers in Manhattan south …read more […]

(Bloomberg) — The global economy is wobbling and whether it topples over is the big question in financial markets, executive suites and the corridors of power.Investors cheered Friday as the U.S. struck a partial trade agreement with China and there were even signs the U.K. may strike a divorce deal with the European Union. But the debate over how close the world is to its first recession since 2009 may soon start swirling again.There will certainly be discussions this week at the International Monetary Fund’s annual meeting in Washington. Bloomberg Economics’ global GDP tracker shows the pace of expansion has …read more […]

Democratic candidate Mayor Pete Buttigieg spoke candidly about the U.S.’s relationship with China. …read more […]

“Facebook changed their ads policy to allow politicians to run ads with known lies – explicitly turning the platform into a disinformation-for-profit machine. Facebook Inc’s policy has come under fire from another Democratic front-runner in the 2020 race. …read more […]

The United Auto Workers union said Saturday it will boost strike pay for 48,000 hourly workers at General Motors Co by $25 a week to $275 as a strike against the largest U.S. automaker nears the end of its fourth week. Talks were continuing late Saturday afternoon to try to resolve the longest nationwide strike at GM since 1970, both sides said. The UAW also said it would allow members striking to take on part-time jobs without reducing their strike pay – as long as they perform picket-line duties. …read more […]

U.S. Senator Elizabeth Warren’s Democratic presidential campaign this week challenged Facebook’s policy that exempts politician’s ads from fact-checking, by running ads on the social media platform containing the false claim that Facebook CEO Mark Zuckerberg endorsed President Donald Trump’s re-election bid. “Facebook changed their ads policy to allow politicians to run ads with known lies – explicitly turning the platform into a disinformation-for-profit machine. Facebook Inc’s policy has come under fire from another Democratic front-runner in the 2020 race. …read more […]

Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. TerraForm Power Inc (NASDAQ: TERP) 10% owner Brookfield Asset Management stepped up to the buy window this past week. Barclays said last week that it prefers other energy yieldcos to TerraForm Power. …read more […]