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Facebook has naively put its faith in humanity and repeatedly been abused,
While it is near certain that the Fed will raise rates by a quarter basis point on Wednesday, investors are more focused on whether policymakers think economic conditions are strong enough for four hikes this year, one more than the markets expect. Shares of Facebook (FB.O) fell about 4 percent in premarket trading in the wake of reports that the personal data of 50 million users were misused by a political consultant, prompting a review by the company and expressions of concern by several U.S. lawmakers.
Bloomberg Intelligence's Paul Sweeney discusses Facebook's recent data breach. He speaks with David Westin and Alix Steel on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
Thermo Fisher Scientific offers products including analytical instruments, reagents, equipment, consumables, diagnostics and research software, and services. The company has registered steady growth over recent years mainly through partnerships, collaborations, and tuck-in acquisitions. Recently, the company has entered a number of research partnerships focused on providing solutions to treat cancer and neurodegenerative diseases. On March 9, 2018, BioDiscovery and Thermo Fisher Scientific announced their partnership for the development of an end-to-end cancer research product.
The region’s Justice commissioner plans to confront representatives for Facebook in Washington about the data leak this week.
Keep and eye on Monday's trial over the AT&T/Time-Warner merger, as well as on Facebook's Russia woes and Oracle's earnings.
With a Fed rate decision coming, investors dug into news Monday of new Apple LED screens and Facebook data sharing concerns.
Oracle reports earnings with a market-neutral P/E ratio of 22.43 and a dividend yield of just 1.45% but under a cloud called a "key reversal."
On March 14, 2018, Richard Bernstein, billionaire investor and CEO and CIO (chief investment officer) of Richard Bernstein Advisors, shared his view on tariffs, inflation, and income in his March 2018 insights report. After President Donald Trump’s announcement about import tariffs on steel and aluminum on March 1, major US indexes such as the SPDR S&P 500 ETF (SPY), the SPDR Dow Jones Industrial Average ETF (DIA), and the PowerShares QQQ ETF (QQQ) fell 1.3%, 1.7%, and 1.3%, respectively, on the day.
Are they vague? Do you need a college degree to understand them? And just how optimistic is Mark Zuckerberg?
Pivotal Research reaffirms its sell rating for Facebook shares, predicting more restrictions on consumer personal data use for advertising purposes.
The Zacks Analyst Blog Highlights: Berkshire Hathaway, PepsiCo, Broadcom, Sirius and Dr Pepper
Blizzard likely wants to try and compete with Fortnite somehow, and they could do it, using the world of Overwatch.
Citigroup has rehired Michela Ferrulli as head of equities sales and sales trading for central and eastern Europe and the Middle East. Ferrulli worked for Citigroup from 2001 until 2012 in EMEA and Latin America sales, and since then has spent almost seven years with Bank of America Merrill Lynch. Ferrulli will be based in London and report to Mark Robinson, head of cash equities for EMEA.
According to a report in The Wall Street Journal, the government expanded its investigation into Wells Fargo (WFC). The investigation will include Wells Fargo’s wealth management division. The U.S. Department of Justice is investigating whether Wells Fargo made inappropriate recommendations or referrals and failed to inform customers about potential conflicts of interest.