Smart Money Stocks

Too little, too late: Facebook's Oversight Board won't launch until 'late fall'

Facebook has announced that the limp "Oversight Board" intended to help make difficult content and policy decisions will not launch until "late fall," which is to say, almost certainly after the election. You know, the election everyone is worried Facebook's inability to police itself will serious affect. On Twitter, the board explained that as much as it would like to "officially begin our task of providing independent oversight of Facebook's content decisions," it regrets that it will be unable to do so for some time.

Bearish Tesla analyst explains why shares could surge to $2,070

In a bull case, Tesla shares could surge as high as $2070, says Morgan Stanley’s Adam Jonas — though his official call is still bearish with a target of $740.

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  Tesla is positioned to become a $100 billion company, says analyst

  Yahoo Finance Video
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  Tesla shares surge 13% as strong deliveries drive profit optimism

  Reuters

Magic Leap has a new chief executive and it's former Microsoft exec Peggy Johnson

Peggy Johnson, the former executive vice president of business development at Microsoft, has been named as the new chief executive of Magic Leap, the company said in a statement. Johnson, who will begin her new role on August 1, 2020, comes to Magic Leap after a 30-year career in the technology industry. It's been a tumultuous 2020 for Magic Leap.

Germany insists self-regulation not enough for Facebook

Germany is determined to expand its attempts to regulate online hate speech even as Facebook <FB.O> promises to do more to clean up its site after a global advertiser boycott, with politicians saying the issue is too important to leave to self-regulation. A German law in force since 2018 demands that social networks delete or block obviously criminal content within 24 hours of receiving a complaint or face a hefty fine. The legislation has been closely watched as concerns mount globally about hateful posts, but it has had a limited impact so far and has not stopped online hate speech in Germany, blamed for helping to fuel a wave of racist attacks in the last year.

U.S. tech giants face hard choices under Hong Kong's new security law

U.S. tech giants face a reckoning over how Hong Kong's security law will reshape their businesses, with their suspension of processing government requests for user data a stop-gap measure as they weigh options, people close to the industry say. While Hong Kong is not a significant market for firms such as Facebook, Google and Twitter, they have used it as a perch to reach deep-pocketed advertisers in mainland China, where many of their services are blocked. "These companies have to totally reassess the liability of having a presence in Hong Kong," Charles Mok, a legislator who represents the technology industry in Hong Kong, told Reuters.

Is Fidelity High Dividend ETF (FDVV) a Strong ETF Right Now?

Smart Beta ETF report for FDVV

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  Should You Invest in the Fidelity MSCI Utilities Index ETF (FUTY)?

  Zacks
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  Should First Trust Mid Cap Growth AlphaDEX ETF (FNY) Be on Your Investing Radar?

  Zacks

Facebook civil rights audit: 'Serious setbacks' mar progress

A two-year audit of Facebook’s civil rights record found “serious setbacks” that have marred the social network’s progress on matters such as hate speech, misinformation and bias. Facebook hired the audit’s leader, former American Civil Liberties Union executive Laura Murphy, in May 2018 to assess its performance on vital social issues. Its 100-page report released Wednesday outlines a “seesaw of progress and setbacks” at the company on everything from bias in Facebook's algorithms to its content moderation, advertising practices and treatment of voter suppression.

Facebook not doing enough to fight discrimination, audit says

The auditors' findings are likely to add further pressure to the company which is already facing a boycott by some 900 advertisers, including major brands such as Coca-Cola, over what civil rights campaigners say is its promotion of hate speech. "Many in the civil rights community have become disheartened, frustrated and angry after years of engagement where they implored the company to do more to advance equality and fight discrimination, while also safeguarding free expression," the auditors wrote, according to the Times, which said it had obtained a prepublication report of the findings. Facebook commissioned Laura Murphy, a former director of the American Civil Liberties Union's legislative office, to lead the audit of its civil rights policies in 2018.

Got $5,000? Buy Stocks in These 5 Industries Now

For a five-week period in the first quarter, downside momentum in the stock market tied to the coronavirus disease 2019 (COVID-19) pandemic was unlike anything we'd ever seen before. It's also taught investors that you don't need to be rich to become rich in the stock market.

Amazon India's unit gets $308 million in fresh funds from parent

Amazon.com Inc <AMZN.O> has invested 23.10 billion rupees (£245.26 million) in Amazon Seller Services, an Indian unit, strengthening the business at a time when more people shop online in a bid to avoid crowded public places. Amazon Singapore made a significant portion of financing, data from business intelligence firm Tofler showed. The company, which competes with Walmart Inc's <WMT.N> Flipkart in India, has also been expanding its seller network in the country.

Facebook ad boycott organizers say no progress on hate speech

Organizers of a Facebook ad boycott vowed to press on with their campaign, saying the social network's top executives had failed to offer meaningful action on curbing hateful content. At a virtual meeting that included Facebook chief executive Mark Zuckerberg, the #StopHateForProfit coalition leaders "didn't hear anything... to convince us that Zuckerberg and his colleagues are taking action," said Jessica Gonzalez of the activist group Free Press, a coalition member. Rashad Robinson, president of the activist group Color of Change, told reporters on a conference call the meeting was "a disappointment."

Civil rights groups denounce Facebook over hate speech

Facebook keeps telling critics that it is doing everything it can to rid its service of hate, abuse and misinformation. On Tuesday, CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg met with a group of civil rights leaders, including the organizers of a growing advertising boycott over hate speech on Facebook. One of those leaders, NAACP President Derrick Johnson, said Facebook's executives offered little but cheap talk that skirted major commitments to new rules or actions that would curb racism and misinformation on its platform.

Why Electronic Arts Stock Rose 23% in the First Half of 2020

The game maker's biggest titles saw a spike in engagement during COVID-19, and investors are hopeful for what the next console generation might bring.

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  Why Shake Shack’s Stock Has Fallen 11% So Far in 2020

  Motley Fool
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  Why Boston Beer Stock Has Soared 42% So Far in 2020

  Motley Fool

Google Teams With NVIDIA on New Cloud Computing Offerings

NVIDIA (NASDAQ: NVDA) announced on Tuesday that just weeks after its release, the A100 Tensor Core graphics processing unit (GPU) has been adopted by Google Cloud, a division of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). The Accelerator-Optimized VM (A2) family, available on Google Compute Engine, is designed specifically to handle some of the most demanding applications out there, including artificial intelligence (AI) workloads and high performance computing (HPC). This makes Google the first cloud service provider to offer the new NVIDIA GPUs.

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  3 Top Artificial Intelligence Stocks to Buy Right Now

  Motley Fool
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  Nvidia's Ampere GPUs come to Google Cloud

  TechCrunch

Why Walmart Stock Jumped Today

What happened Shares of Walmart (NYSE: WMT) climbed 6.8% on Tuesday after news broke that the retail titan is gearing up to take on Prime from Amazon.com (NASDAQ: AMZN). So what Walmart will launch a new subscription service later in July, according to tech site Recode.

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  Walmart Stock Spikes On Reported Plans For Amazon Prime-Like Subscription Service Costing Less Than $100 A Year

  Deadline
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  Amazon Drops As Walmart’s Prime Rival Gears Up for a July Start

  Investing.com

Is FMAANG Overrated?

Let's see how these stocks are placed as we enter earnings season.

Amazon (AMZN) Dips More Than Broader Markets: What You Should Know

Amazon (AMZN) closed the most recent trading day at $3,000.12, moving -1.86% from the previous trading session.

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  Advanced Micro Devices (AMD) Stock Moves -0.88%: What You Should Know

  Zacks
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  Gilead Sciences (GILD) Stock Moves -0.44%: What You Should Know

  Zacks

Microsoft (MSFT) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Microsoft (MSFT) closed at $208.25, marking a -1.16% move from the previous day.

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  Advanced Micro Devices (AMD) Stock Moves -0.88%: What You Should Know

  Zacks
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  Gilead Sciences (GILD) Stock Moves -0.44%: What You Should Know

  Zacks

Bulls Take a Powder, LEVI Gives a Taste of Q2 Earnings Season

Levi Strauss & Co. (LEVI) reported Q2 earnings directly after Tuesday's closing bell, giving some sense of the abyss awaiting the Retail sector.

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  Walmart Stock Spikes On Reported Plans For Amazon Prime-Like Subscription Service Costing Less Than $100 A Year

  Deadline
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  Amazon Drops As Walmart’s Prime Rival Gears Up for a July Start

  Investing.com

Dow Jones Futures: Coronavirus Stock Market Rally Steps Back, But For How Long? Facebook, Tesla, Nio Move On News

The stock market fell Tuesday, but is a sustained pullback in the offing. Tesla and EV rival Nio keeps moving early. Facebook is in focus after execs met with ad boycott organizers.

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  Dow Jones Falls 200 Points, But Walmart Surges 4%; 2 Coronavirus Stocks Score Bullish Gains

  Investor's Business Daily
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  Goldman Sachs, Apple, Microsoft Lead Dow Jones Rally; China Leader Breaks Out Powerfully

  Investor's Business Daily

Amazon’s Fire TV Live Guide Plugs in Listings From YouTube TV, Hulu Coming Soon

Amazon, looking to buff up Fire TV's appeal among cord-cutters, is adding program listings for YouTube TV and Hulu + Live TV to the platform's live TV discovery features. Live content from Google's YouTube TV and Disney's Hulu will be directly integrated into Fire TV’s Live Tab, On Now rows, and the multi-app Channel Guide, […]

Facebook Independent Audit Faults Company Decisions for ‘Significant Setbacks’ to Civil Rights

Facebook simply has not done enough to fight problems including hate speech and voter suppression, according to a report culminating a two-year independent audit of the social giant's practices and policies. That has included Facebook's failure to take action against disinformation and inflammatory comments posted by President Donald Trump, the report said. “Unfortunately, in our […]