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Monthly Archives: July 2018

Facebook earnings calls fallout

Leah Millis | Reuters Facebook CEO Mark Zuckerberg is seen through reflective glass as he sits in the office of Senator Bill Nelson (D-FL) while he waits for a meeting in the Hart Senate Office Building in Washington, U.S., April 9, 2018. Facebook’s stock was already down around 8 percent …

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Tech stocks poised for bloodbath on Thursday with Facebook on track for biggest drop ever

David Paul Morris | Bloomberg | Getty Images The silhouette of Mark Zuckerberg, chief executive officer and founder of Facebook Inc., is seen during the Oculus Connect 4 product launch event in San Jose, California, on Wednesday, Oct. 11, 2017. The tech-heavy Nasdaq was set for a big down day …

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Facebook loses $130 billion in market value after weak revenue forecast

Photo by Bloomberg Mark Zuckerberg speaking at the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Facebook warned its investors of weakening revenue for the second half of the year Wednesday, sending shares plunging more than 20 percent. The latest guidance followed a revenue miss for the …

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Gilead CEO John Milligan to step down

Victor J. Blue/ | Bloomberg | Getty Images John Milligan, CEO of Gilead Gilead Sciences announced Wednesday that John Milligan will step down as president and chief executive officer after 28 years with the company. Milligan will remain in his current position through the end of the year while the …

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Facebook earnings Q2 2018

Andrew Harrer | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook  Facebook missed projections on revenue and global daily active users this quarter after struggling with data leaks and fake news scandals. The company reported its second-quarter earnings after the bell on Wednesday: Earnings per …

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Qualcomm is preparing to give up on NXP

Patrick T. Fallon | Bloomberg | Getty Images Steve Mollenkopf, chief executive officer of Qualcomm Inc., holds the new Snapdragon 835 chip during a keynote at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada. Qualcomm executives no longer expect the Chinese government to approve its deal for semiconductor …

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Senators unveil bipartisan bill meant to delay Trump auto tariffs

Tom Williams | CQ Roll Call | Getty Images Chairman Lamar Alexander, R-Tenn. Sens. Doug Jones, D-Ala., and Lamar Alexander, R-Tenn., Wednesday introduced a bill intended to delay tariffs of 20 to 25 percent on imported cars and trucks President Donald Trump is reportedly considering. The bill would require the …

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Trump targets his FCC for stalling Sinclair-Tribune merger

Mikhail Metzel | TASS | Getty Images President Donald Trump looks on during a news conference following talks with Russian President Vladimir Putin at the Presidential Palace in Helsinki, July 16, 2018.  President Donald Trump took a shot at the Federal Communications Commission — an agency under his own administration …

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‘We hope to work something out on a fair trade deal with Europe’  

Jabin Botsford | The Washington Post | Getty Images President Donald Trump in the Oval Office at the White House on Tuesday, March 20, 2018 in Washington, DC. President Donald Trump on Wednesday said he hoped “to work something out on a fair trade deal with Europe.” Trump spoke during …

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Trump reportedly considering 25 percent tariff on foreign-made cars

Brendan Smialowski | AFP | Getty Images US President Donald Trump speaks at an event to showcase American made products at the White House July 23, 2018 in Washington, DC. Despite warnings from fellow Republicans and business leaders, White House advisors believe President Donald Trump has plans to impose a …

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