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Monthly Archives: October 2018

Ericsson earnings q3 2018

Simon Dawson | Bloomberg via Getty Images Visitors pass through the entrance to the Ericsson AB pavilion at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 26, 2013.  Mobile telecom equipment maker Ericsson reported stronger-than-expected third quarter sales figures Thursday, boosted primarily by high activity levels in North …

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Trump’s Fed attacks could be ‘just cheap talk,’ says Fred Mishkin

Leah Millis | Reuters Donald Trump holds a campaign rally in Council Bluffs, Iowa, October 9, 2018.  He pointed to Turkey as an example. Turkish President Recep Tayyip Erdogan put a lot of pressure on the central bank to not raise rates to spur credit growth and construction. Now the …

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Tesla VP of Manufacturing Gilbert Passin is out

David Butow | Corbis | Getty Images Workers assemble cars on the line at Tesla’s factory in Fremont, California. Tesla’s vice president of manufacturing Gilbert Passin has left the company, according to people familiar with personnel matters there. Business Insider previously reported on Passin’s departure. Manufacturing at Tesla is led …

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Netflix added subscribers in 1 year nearly as fast as HBO in 40 years

The year-over-year increase in subscribers is “the key to sustaining valuation,” Barclays said in the note to clients Wednesday. Netflix crushed Wall Street’s expectation for subscriber growth when the company reported third-quarter earningsafter the bell on Tuesday. “Given the miss last quarter, there was understandable worry going into earnings especially …

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Facebook lawsuit alleges it knew measurement discrepancies for a year

Chip Somodevilla | Getty Images Mark Zuckerberg testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018. Facebook knew that it was providing inaccurate data on ad viewership for over a year before telling clients in 2016, according to an …

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Public fund investors want Mark Zuckerberg out as chairman 

Al Drago | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during a joint hearing of the Senate Judiciary and Commerce Committees in Washington, D.C., U.S., on Tuesday, April 10, 2018. Major Facebook investors, including public pension funds and state officials, are pushing …

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Prudential Financial shakes off government’s ‘too-big-to-fail’ label

Emile Wamsteker | Bloomberg | Getty Images Prudential Financial Inc. in Newark, New Jersey. The last of the four non-bank financial companies to bear the label “systemically important” has won relief from stricter regulatory oversight. The government’s Financial Stability Oversight Council, a group of market and bank regulators, has removed …

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Twitter found 10 million posts by Iran, Russia-backed accounts

Joshua Roberts | Roberts Twitter CEO Jack Dorsey is seated prior to testifying before a Senate Intelligence Committee hearing on foreign influence operations on social media platforms on Capitol Hill in Washington, September 5, 2018.  Twitter said Wednesday it found more than 10 million posts by Iran and Russia-backed accounts …

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Netflix surges in premarket trade amid price target increases

Robyn Beck | AFP | Getty Images Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada. Netflix shares soared in premarket trade Wednesday as Wall Street gushed about its third-quarter earnings beat. The stock was seen trading …

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Bill Browder says money laundering enforcement is a joke

Drew Angerer | Getty Images William Browder, chief executive officer of Hermitage Capital Management, takes his seat as he arrives for a Senate Judiciary Committee hearing titled ‘Oversight of the Foreign Agents Registration Act and Attempts to Influence U.S. Elections’ in the Hart Senate Office Building on Capitol Hill, July …

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