• Stocks drop after China cancels Montana farm trip
    Reuters Videos

    Stocks drop after China cancels Montana farm trip

    A slide in markets Friday, after a low-level Chinese delegation abandoned plans to visit the Montana farmland. That was enough to spark fear among investors that trade talks between the U.S. and China aren't going well, despite reassurances from President Trump, who said negotiations were ongoing. The Dow slid 159 points, while the S&P 500 and Nasdaq moved lower. It was a busy day for Facebook. CEO Mark Zuckerberg wrapped up his three-day trip to Washington, but there were few indications he won over anyone on Capitol Hill. Lawmakers are mulling over the idea of tightening the regulatory screws. Mercadien Asset Management President Ken Kamen. SOUNDBITE (ENGLISH): MERCADIEN ASSET MANAGEMENT PRESIDENT KEN KAMEN, SAYING: "Zuckerberg is on capitol hill to almost beg for the industry's benefit to start getting some regulations so they can get guardrails to know what they can and cannot do. Because now there are so many things that social media is changing in our society, in the world, in our economics, how we live or lives, and you can throw a dart and hit anything that they are doing wrong. So I think that the industry in general is looking to get some guidelines." Facebook is grappling with federal and state investigations over numerous issues ranging from anti-competitve behavior to privacy concerns. On that issue, Facebook announced it has suspended tens of thousand of apps as a result of the probe it's been conducting since the Cambridge Analytica scandal revealed it handed over users' data without permission. Walmart has decided to stop selling e-cigarettes and vaping products at its stores, according to an internal email seen by Reuters. Vaping products have come under scrutiny after reports of vaping-related illnesses and some deaths.

  • Amazon employee on climate strike: Tech firms have 'been complicit for too long'
    Yahoo Finance

    Amazon employee on climate strike: Tech firms have 'been complicit for too long'

    Amazon and Google employees hit the streets to pressure tech giants to do more to fight climate change.

  • Why Netflix CEO Reed Hastings once fired his co-founder via a PowerPoint
    Yahoo Finance

    Why Netflix CEO Reed Hastings once fired his co-founder via a PowerPoint

    There is only one way to respond to a PowerPoint firing, Netflix's first CEO says: "There is no way I’m sitting here while you pitch me on why I suck."

  • Changing Streaming Landscape Spells Trouble for Hulu
    Market Realist

    Changing Streaming Landscape Spells Trouble for Hulu

    The online streaming landscape was once owned by a few companies, largely Netflix and Hulu, but each of which offered a different type of content.

  • Netflix CEO Sees “A Whole New World” of Streaming
    Market Realist

    Netflix CEO Sees “A Whole New World” of Streaming

    Netflix (NFLX) used to dominate the SVOD streaming services market. It was a leader with few competitors and a subscriber base of over 150 million.

  • What Netflix CEO Thinks about Apple, Disney, and NBC
    Market Realist

    What Netflix CEO Thinks about Apple, Disney, and NBC

    According to Reuters, Netflix CEO Reed Hastings (NFLX) said companies like Disney (DIS) and Apple (AAPL) will boost already rising production costs.

  • Fed Rate Cut Impact: Investors Should Worry
    Market Realist

    Fed Rate Cut Impact: Investors Should Worry

    President Trump is not happy with the present Fed rate cut. He wants the cutback to be higher. So high that the interest rates are negative.

  • Tesla Bear Jim Chanos Shorting Grubhub, DaVita
    Market Realist

    Tesla Bear Jim Chanos Shorting Grubhub, DaVita

    On September 19, at Delivering Alpha Conference, Jim Chanos said Grubhub (GRUB) is a very good short. He said that Guruhub is almost not making any money.

  • Oilprice.com

    Amazon Makes The Largest Ever Electric Vehicle Purchase

    Jeff Bezos has just placed the largest ever electric vehicle purchase order with a statup called Rivian Automotive, a company looking to rival Tesla

  • Elon Musk’s Twitter Magic is on Despite SEC Troubles
    Market Realist

    Elon Musk’s Twitter Magic is on Despite SEC Troubles

    Tesla (TSLA) CEO Elon Musk is one of the most widely followed billionaires on Twitter. His love for Twitter is no secret.

  • Financial Times

    America to send weapons and troops to Saudi Arabia

    General Joe Dunford, chairman of the joint chiefs, and Mark Esper, defence secretary, said Donald Trump ordered the deployments after requests from Saudi Arabia and the United Arab Emirates. Mr Esper said they would be “defensive in nature, and primarily focused on air and missile defence”. One official said the troops would only be sent to Saudi Arabia.

  • ETFs in Focus as Netflix Bags Global Rights for Seinfeld
    Zacks

    ETFs in Focus as Netflix Bags Global Rights for Seinfeld

    Netflix boosts its content portfolio with the new show. We highlight the ETFs that can gain from this move.

  • Associated Press

    Business Highlights

    The city of Flint, Michigan, has been on an economic roller-coaster ride for more than a century as the birthplace of General Motors. Workers have surrounded the massive GM complex for days, marching and toting signs and U.S. flags at plant entrances. WASHINGTON (AP) — President Donald Trump says he doesn't need to secure a trade deal with China before next year's election.

  • Snapchat's Comeback Story
    Zacks

    Snapchat's Comeback Story

    Snapchat is making a comeback in a big way with a resurgence in user growth and ARPU's continuing to raise.

  • Nike (NKE) Q1 2020 Earnings Preview: North America, China and More
    Zacks

    Nike (NKE) Q1 2020 Earnings Preview: North America, China and More

    Nike (NKE) is set to report its first-quarter fiscal 2020 financial results after the closing bell on Tuesday, September 24. So let's see what investors should expect from the sportswear powerhouse...

  • Amazon’s Rivian Deal: Is the Musk-Bezos Rivalry in Play?
    Market Realist

    Amazon’s Rivian Deal: Is the Musk-Bezos Rivalry in Play?

    Jeff Bezos announced that Amazon had placed an order of 100,000 electric delivery vans from Michigan-based startup Rivian.

  • Facebook suspends 'tens of thousands' of apps in privacy review
    AFP News

    Facebook suspends 'tens of thousands' of apps in privacy review

    Facebook said Friday it suspended "tens of thousands" of apps on its platform as a result of a privacy practices review launched following a scandal involving Cambridge Analytica. The review started in 2018 after revelations that the political consultancy hijacked personal data on millions of Facebook users, and it included attorneys, external investigators, data scientists, engineers, policy specialists and others, according to a Facebook statement. The suspensions are "not necessarily an indication that these apps were posing a threat to people," said vice president of partnerships Ime Archibong, adding that some developers "did not respond to our request for information." Archibong said the investigation "has addressed millions of apps.

  • 3 Dividend-Paying Tech Stocks for Income Investors to Buy Right Now
    Zacks

    3 Dividend-Paying Tech Stocks for Income Investors to Buy Right Now

    We searched for strong tech companies that also pay a dividend, utilizing our Zacks Stock Screener. These three tech stocks should remain attractive to investors even during a potential market downturn...

  • Roku Unveils Streaming Devices Roku Express & Roku Ultra
    Zacks

    Roku Unveils Streaming Devices Roku Express & Roku Ultra

    Roku (ROKU) launches new devices that are expected to strengthen its footprint in the increasingly crowded video-streaming space.

  • House intel chief says Facebook working on election threats
    Associated Press

    House intel chief says Facebook working on election threats

    The head of the House Intelligence Committee said Friday he has been assured by the CEO of Facebook that the company is working on ways to prevent foreign actors from disrupting next year's elections. Rep. Adam Schiff of California met with Mark Zuckerberg and said the Facebook CEO showed a deep awareness of the threat to the elections from so-called "deep fake" videos and other technically advanced tools. Schiff told reporters Facebook is "in the process of developing what I hope will be very strong policies on this.

  • Fed Rate Cut: Why Cooperman Feels It’s Unnecessary
    Market Realist

    Fed Rate Cut: Why Cooperman Feels It’s Unnecessary

    Some prominent market personalities, such as Leon Cooperman, chair and CEO of Omega Advisors, feel that the Fed's rate cut decision was unnecessary.