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“It’s really unusual and really distorting the global financial system,” says Torsten Slok, a chief economist at Deutsche Bank Securities.
Adversarial Fashion creates fashion designed to disrupt big data collection.
Blank-check company Legacy Acquisition Corp. has agreed to purchase a global digital marketing company to be renamed Blue Impact Inc., clearing the way to grow organically and through M&A. Legacy, which raised $300 million almost two years ago, is led by former Procter & Gamble executive Edwin Rigaud but the new company will be […]
DICK'S Sporting (DKS) posts better-than-expected second-quarter fiscal 2019 results driven by solid same-store sales performance. Also, it raises its bottom-line view for fiscal 2019.
A vast majority of employees queried at Cisco Systems and several other big Silicon Valley tech employers say they've noticed cost-cutting at work.
At least 14 airline and airport staff in Hong Kong have been sacked and PwC, the professional services firm, has warned staff about how they publicly express political opinions, in the latest sign of the intense pressure facing companies in the city as it prepares for another weekend of protest. Hong Kong has been gripped by months of demonstrations sparked by an extradition bill that would have allowed criminal suspects to be sent to mainland China for the first time. The proposed law has been suspended but the protests have expanded, with demonstrators planning to block access to Hong Kong’s international airport on Saturday.
This week, we learned about ongoing efforts to end the political crisis in Venezuela. We think that tech companies could benefit if the talks are successful.
Other non-fiction titles go inside Kashmir and the Lyons tea empire. Meanwhile, in the world of fiction, Salman Rushdie’s Booker-longlisted novel takes us on a metafictional American road trip, and James Meek delivers a tale of plague and voyage set in the 14th century. A Don Quixote-inspired quest across America showcases Rushdie’s virtues and vices.
Internal documents show Facebook employees knew that Cambridge was potentially misusing user data earlier than previously thought. Facebook says there two separate incidents, however.
As Facebook’s Seattle office site lead, Vijaye Raji has helped the company grow from a small office near Pike Place Market to one of the region’s largest office occupiers with thousands of employees. The office has been responsible for innovations at Facebook, such as the company’s eBay competitor Marketplace, and is part of its effort to use artificial intelligence to stop the spread of misinformation and hate speech.
Goldman Sachs’ “Hedge Fund VIP List”—containing the 50 most popular stocks among hedge fund portfolios—has outperformed the broader market for the past 18 years. The Hedge Fund VIP basket has beaten the market by an average 50 bps in every quarter since 2001. The list is a tool that investors can use to “follow the smart money,” wrote Goldman’s analysts in their most recent Hedge Fund Trend Monitor report, which analyzes a group of 835 distinct hedge funds.
The 27 founders who plan to join Facebook in the creation of the digital currency Libra are right to have qualms. If Facebook and the rest of its partners want to set up a Swiss-based project, there is little to stop them. EU antitrust regulators are now asking questions about the ways in which Libra would use personal information.
digital currency has spooked some of the project's early backers, with at least three privately discussing how to distance themselves from the venture. The 28 members of the Libra Association, which include Visa, Mastercard, Uber, Spotify and the Facebook subsidiary Calibra, made a non-binding pledge to invest at least $10m in the project, which Facebook unveiled in June, with the aim of shaking up the global payments market. Two of the project’s founding backers told the FT they were concerned about the regulatory spotlight and were considering cutting ties.
More than four years after Seattle implemented an ordinance that raised the minimum wage for many local businesses to at least $15 per hour, the city continues to lead the national conversation. Seattle’s minimum wage ordinance went into effect in April 2015, and this year that law raised the minimum wage for employees of businesses with more than 500 employees to $16 per hour, while boosting minimum pay for employees of smaller businesses to $12 an hour, or $15 an hour if those employees don’t receive medical benefits or tips. Now the minimum wage momentum driven forward by Seattle and some of its top corporations appears to be surging nationally.
Alphabet Inc's Google announced on Thursday that its YouTube streaming video service disabled 210 channels appearing to engage in a coordinated influence operation around the Hong Kong protests, days after Twitter and Facebook said they dismantled a similar campaign originating in mainland China. "This discovery was consistent with recent observations and actions related to China announced by Facebook and Twitter," said Shane Huntley, one of Google's security leaders, in a blog post.
Seattle software engineers make an average $116,500 base salary a year, and California companies broadening their Seattle-area bases drive those figures up.
(Bloomberg) -- Google said it disabled 210 YouTube channels involved in “coordinate influence operations” around the Hong Kong protests, following similar measures earlier this week by social media companies Facebook Inc. and Twitter Inc.The Alphabet Inc. unit didn’t specify which channels were shut down in Thursday’s blog post announcing the decision. But the post said the company discovered accounts “consistent with recent observations and actions related to China” from Facebook and Twitter.The social media companies said earlier this week that they had removed hundreds of accounts linked to the Chinese government that were pushing messages meant to undermine the legitimacy of the protests in Hong Kong. Twitter also blocked advertising from state-controlled media. Facebook and Google have not made similar moves on advertising.YouTube, like Google search and other social media services, does not operate in China.To contact the reporter on this story: Mark Bergen in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A lot of people talk about blockchain and how it can revolutionize financial transactions and investing, but few people talk about its impact on social justice issues. Bond.One Chief Strategy Officer John Mizzi, joins Yahoo Finance’s Adam Shapiro, Dan Roberts, and Heidi Chung to discuss.