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Monthly Archives: April 2018

Facebook’s Sheryl Sandberg’s brilliant defense of the ad business

Fabrice Coffrini | AFP | Getty Images Sheryl Sandberg, Chief Operating Officer of Facebook Facebook for weeks has had to defend its business model to lawmakers, investors and users — insisting that selling targeted ads based on sometimes sensitive user information is the only way to keep the site free …

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Time Warner revenue beats on strong growth in Turner

Joshua Roberts | Reuters Chairman and Chief Executive Officer of Time Warner Jeffrey Bewkes (L) speaks with Chairman and Chief Executive Officer of AT&T Randall Stephenson before a Senate Judiciary Committee Antitrust Subcommittee hearing on the proposed deal between AT&T and Time Warner in Washington, U.S., December 7, 2016. Time …

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White House says Trump to visit UK in July

Brendan Smialowski | AFP | Getty Images President Donald Trump and British Prime Minister Theresa May walk at the White House on January 27, 2017 in Washington, DC. President Donald Trump will visit the United Kingdom on July 13 for a “working visit” with Prime Minister Theresa May, the White …

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On NFL Draft day, new IQ test takes top position in player scouting

Mitchell Leff | Getty Images Jullian Taylor, a 6’4″ athletic defensive lineman from Temple University in Philadelphia, was one of many prospects asked to take both the AIQ and Wonderlic assessments as part of teams’ evaluation process. Taylor wasn’t obsessing over it, though his agent had him study for the …

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Dow rises about 200 points, Facebook and AMD jump after crushing earnings

Michael Nagle | Bloomberg | Getty Images A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, April 23, 2018. “There are two things driving the market: Earnings and the news flow out of Washington,” said Randy Frederick, vice president of …

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Facebook might be the cheapest stock in the S&P 500

It appears all-is-forgotten on Wall Street concerning Facebook’s data leak scandal that caused the stock to lose billions of dollars in market value, CNBC’s Jim Cramer said on Thursday. In addition to reporting late Wednesday quarterly earnings and revenue that blew expectations, the company announced an additional $9 billion stock …

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FDA moves to encourage A.I. in medicine, drug development

David A. Grogan | CNBC Scott Gottlieb, Commissioner of the Food and Drug Administration, speaking at the CNBC Healthy Returns Conference in New York on March 28th, 2018. The Food and Drug Administration is making moves to encourage the use of artificial intelligence and other digital tools in medicine and …

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U.S. billionaire wants to buy Wembley soccer stadium in England

Getty Images Jacksonville Jaguar players show their protest during the National Anthem during the NFL International Series match between Baltimore Ravens and Jacksonville Jaguars at Wembley Stadium on September 24, 2017 in London, England. Wembley itself is also familiar to Florida-based businessman Khan — who is currently valued at over …

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Amazon earnings preview Q1 2018

Rex Curry | Reuters Jeff Bezos, CEO of Amazon, speaks at the George W. Bush Presidential Center’s Forum on Leadership in Dallas, Texas, April 20, 2018. Wall Street expects another huge jump in Amazon’s revenue, albeit at lower profits, compared with last year, when the company reports its first-quarter earnings …

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Short-seller Jim Chanos bets against two health-care companies

Short-seller Jim Chanos told CNBC on Thursday that he’s taken positions against health-care stocks Envision Healthcare and Mednax. “I’m betting these companies might be worth nothing,” the founder Kynikos Associates told CNBC’s “Squawk Box,” adding the health-care companies “are not even close to profitable.” He said he’s been short Envision …

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