Wall Street closes mixed, S&P 500 ends off record high
U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
Facebook’s Kustomer deal may hurt competition, EU regulators say
Facebook’s acquisition of U.S. customer service startup Kustomer may hurt competition and boost its market power in online advertising, European Union antitrust regulators warned on Monday as they opened a full-scale investigation into the deal.
Zoom is accused of invading people’s privacy!
Zoom is a U.S. communications technology firm, based in San Jose, California. It offers online video telephony and chats services via a peer-to-peer software cloud platform used for teleconferencing, telecom, distance learning, and social connections. In 2011, Zoom was established by Eric Yuan, former Cisco engineer, and executive, who launched this software in 2013 Zoom […]
Chinese stocks in tentative bounce, Fed in no hurry to taper
Asian shares managed a semblance of calm on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent bloodletting in Chinese shares.
Facebook’s slowdown warning hangs over strong ad sales, while Zuckerberg talks ‘metaverse’
Facebook Inc (FB.O) said on Wednesday it expects revenue growth to “decelerate significantly,” sending the social media giant’s shares down 3.5% in extended trading even as it reported strong ad sales.
S&P 500 edges up as investors eye key earnings, Fed meeting
The S&P 500 edged higher and eked out another record closing high on Monday, bolstered by optimism over earnings with heavyweight technology names reporting this week, while caution ahead of a policy meeting by the Federal Reserve kept the market in check.
Marketmind: A China crackdown
World stocks snapped a four-day rising streak on Monday as a widening crackdown on some parts of the world’s second biggest economy by regulators sent shudders through global markets.
Facebook and Instagram will invest over $1 bln in content creators
Facebook Inc (FB.O) will spend $1 billion on social media creators through the end of 2022 in a fight for top talent announced in a week when TikTok became the first rival mobile app to hit 3 billion global downloads.
Big Tech’s push into India’s financial sector raises concerns, says central bank
Plans by Big Tech to foray further into India’s financial sector pose risks for traditional banks as the tech firms have the potential to become dominant players in financial services, the central bank said.
Exclusive: White House order pushes antitrust enforcement throughout U.S. economy
The White House is working on an antitrust executive order that aims to push government agencies to consider how their decisions will impact competition in an industry, according to two sources familiar with the matter.
