Business & Finance News
Top executives from Facebook Inc and Twitter Inc defended their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics.
U.S. Senator Mark Warner told the Senate Select Committee on Intelligence on Wednesday that Congress will need to act to stop foreign bad actors who use social media like Facebook Inc and Twitter Inc to interfere in U.S. elections.
U.S. stock indexes were lower on Wednesday, weighed down by Facebook, energy stocks and concerns over the possibility of President Donald Trump going through with plans to slap new tariffs on Chinese goods as early as this week.
Twenty First Century Fox said on Wednesday it made a $100 million investment in social broadcasting platform Caffeine.
U.S. President Donald Trump on Wednesday criticized Nike Inc following the debut of its advertising campaign with Colin Kaepernick, the NFL quarterback who sparked a national controversy by kneeling during the national anthem.
Bayer is ready to spend money on more drug licensing agreements like last year’s deal with Loxo Oncology but its priority is to reduce debt after the takeover of Monsanto.
Senator Richard Burr, the Republican chairman of the U.S. Senate Intelligence Committee, said on Wednesday that the “national security vulnerability” and “unacceptable risk” of social media platforms remain unaddressed.
U.S. stocks opened lower on Wednesday as investors considered the likelihood of President Donald Trump going through with plans to impose a fresh round of tariffs on Chinese goods right after consultations end on Thursday.
Twenty First Century Fox said on Wednesday it led a $100 million funding round in gaming and entertainment broadcasting platform Caffeine.
American Airlines President Robert Isom said on Wednesday he sees growth opportunities in three higher-margin hubs where the U.S. carrier will be adding gates and flights over the next three years.
The U.S. trade deficit rose to a five-month high in July as exports of soybeans and civilian aircraft declined and imports hit a record high, suggesting the Trump administration’s protectionist policy was so far not having an impact.
Bayer cut its earnings forecast on Wednesday due to delays to its $63 billion takeover of Monsanto, and said sales of its consumer care products fell, hitting its shares, already reeling from a legal battle over the weed killer Roundup.
The U.S. trade deficit increased to a five-month high in July as exports of soybeans and civilian aircraft declined and imports hit a record high, suggesting that trade could be a drag on economic growth in the third quarter.
Goldman Sachs Group Inc is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future as the regulatory framework for crypto remains unclear, Business Insider reported on Wednesday, citing people familiar with the matter.
On any given day, the chair in Raven Rose’s Ewing, New Jersey, bedroom might be draped with shirts, pants or pyjamas.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
