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Today is the first day of GDPR enforcement and to mark the occasion Facebook and Alphabet's Google are being sued for $8.8billion by Austrian privacy activist Max Schrems. Schrems and other privacy advocates in Europe say Facebook and Google are not really giving consumers a choice; you can either agree to let them collect enormous amounts of data on you, or you can delete their services. There is no middle ground. Both companies have disputed the charges.
Facebook doesn't ban fictional characters with hateful content as a rule, but
CEOs earn on average 275 times what regular employees make. Yahoo Finance's Seana Smith, Jen Rogers and Pras Subramanian discuss.
From shocks to seats, a more rugged Raptor.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Bank of America Merrill Lynch's weekly Flow Show report points to minimal flows in stocks and bonds. They do recommend a defensive posture unless and until there is an "event" or the Federal Reserve decides to ease up on the brakes. Energy and material stocks are seeing the most in-flows. Performance of the S&P 500 energy sector (XLE) components as of 12:45 pm ET: ANDV Andeavor -2.42% APA Apache Corp -5.04% APC Anadarko Petro -3.01% BHGE Baker Hughes a GE Co Cl A -3.31% CHK Chesapeake Energy Corp -7.47% COG Cabot Oil & Gas Corp -0.07% COP ConocoPhillips -5.64% CVX Chevron Corp -4.20% CXO Concho Res Inc -1.40% DVN Devon Energy -3.90% EOG EOG Res -2.75% EQT Equitable Res -2.18% FTI TechnipFMC plc -3.75% HAL Halliburton Co -4.97% HES Hess Corp -5.05% HP Helmerich & Payne -5.26% MPC Marathon Petro Corp -3.11% MRO Marathon Oil Corp -4.59% NBL Noble Energy -4.27% NFX Newfield Exploration -5.74% NOV National Oilwell Varco Inc -3.50% OKE Oneok Inc -1.36% OXY Occidental Petro -2.89% PSX Phillips 66 -3.40% PXD Pioneer Natural Res -2.65% RRC Range Res -2.15% SLB Schlumberger Ltd -3.95% VLO Valero Energy -3.18% WMB Williams Companies -1.27% XEC Cimarex Energy -2.85% XOM Exxon Mobil -2.65% Performance of the S&P 500 materials sector (XLB) components as of 12:45 pm ET: ALB Albemarle Corp -0.69% APD Air Products & Chem Inc -1.01% ARNC Arconic Inc -0.35% AVY Avery Dennison Corp -0.68% BLL(HB) Ball Corp -0.22% CF CF Industries Hldgs Inc -0.53% DOV Dover Corp -1.37% DWDP DowDuPont Inc -1.27% EMN Eastman Chemical -1.31% FCX Freeport-McMoRan Inc -1.58% FMC FMC Corp 1.25% IFF Intl Flavors/Fragr 0.47% IP Intl Paper -1.04% LYB LyondellBasell Ind N.V. 'A' -3.17% MON Monsanto Co 0.80% MOS The Mosaic Co (New) -0.59% NEM Newmont Mining -1.19% NUE Nucor Corp -1.25% PH Parker-Hannifin -0.82% PKG Packaging Corp America -1.43% PNR Pentair Plc -0.97% PPG(E) PPG Indus Inc 0.49% PX PraxAir Inc -0.94% SEE Sealed Air -0.02% SHW Sherwin-Williams 1.00% WRK Westrock Co -1.42% WY Weyerhaeuser Co 0.78%
Cisco Chairman Chuck Robbins discusses how his company has been treated in China and why cybersecurity is so important to the technology giant.
Cisco Chairman Chuck Robbins discusses his company’s strong earnings and what the technology giant plans to do with the money that was repatriated from overseas.
The federal watchdog for equal employment is investigating claims that Intel Corp. targeted workers for layoffs based on their age. Nearly three years after the chip maker launched a series of layoffs that cut more than 10,000 employees globally, the U.S. Equal Employment Opportunity Commission’s Seattle office is working to determine whether the job cuts were discriminatory, according to a document from the agency reviewed by The Wall Street Journal. The issue of potential age discrimination is recurrent in the tech industry, where the workforces at many firms skew younger and the pace of change is often rapid.
WASHINGTON—T-Mobile US Inc. is getting advice from Corey Lewandowski, the former campaign manager for President Donald Trump, as part of a lobbying effort to help the telecommunications company secure federal approval for its proposed takeover of Sprint Corp. T-Mobile said late Thursday in a statement it hired Turnberry Solutions in August. “Corey Lewandowski is now affiliated with that firm and they have offered perspective to T-Mobile on a variety of topics, including the pending transaction,” the company said.
While Seattle's tech companies stepped up sustainability practices in an earnest effort to generate positive outcomes, nonprofit leaders cannot solely rely on that support.
Emotional scenes at airports and ferry terminals as thousands of eligible Irish voters go #hometovoteLeo Varadkar, Ireland’s taoiseach, or prime minister, casts his vote in the abortion referendum. Irish voters flocked to the polls on Friday to cast their votes in a historic referendum on abortion that may overturn what are some of the most restrictive laws in the world. Thousands of eligible voters living overseas flew in or took ferries to participate in a referendum that is asking them to repeal or uphold a constitutional amendment that makes abortion illegal in almost all cases, including rape and incest, unless the life of the mother is at risk.
The Dow and S&P were both in the red for the majority of the day while the Nasdaq fluctuated between slight gains and losses finishing as the sole major index in the black. Oil prices fell sharply Friday after energy ministers from Saudi Arabia and Russia confirmed plans to ease production cuts in order to offset supply shortfalls from Venezuela. West Texas Intermediate crude dropped 4% to $67.88 a barrel.
Gamers are NVIDIA’s (NVDA) core customers, and it earns more than 50% of its revenue from them. The company continues to develop new technologies to enhance the user gaming experience. At the 2018 GPU Technology Conference, NVIDIA unveiled a new real-time ray-tracing technology, RTX, that will deliver movie-quality rendering in games.
Search engines like Google (GOOGL.O) and Microsoft's Bing (MSFT.O) could be made to pay for showing snippets of news articles under draft copyright rules endorsed by European Union ambassadors on Friday. The measure, which is not yet final, would allow press publishers to ask search engines to pay them for showing their articles for up to one year after publication. The original proposal from the European Commission had foreseen giving publishers the right to ask for payment for up to 20 years.