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Monthly Archives: May 2018

Big-name hedge funds pile into Facebook, sell Apple shares

Getty Images Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California. The smart money is betting Facebook will not suffer lasting effects from its Cambridge Analytica data scandal. Some of the biggest names in hedge funds bought Facebook shares in …

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Russian meddling intended to help Trump, hurt Clinton, Senate says

Tom Williams | CQ Roll Call | Getty Images Chairman Richard Burr, R-N.C., right, and ranking member Sen. Mark Warner, D-Va. of the Senate (Select) Intelligence Committee. Russia intended to help Donald Trump secure the presidency when it meddled in the 2016 election, Senate Intelligence Committee leaders said after a …

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US net neutrality bill gets enough Senate votes to advance

Getty Images Demonstrator on the issue of net neutrality at the U.S. Capitol February 27, 2018 in Washington, DC. The U.S. Senate has the votes to advance a bill that would reverse the Federal Communications Commission decision in December to repeal landmark 2015 net neutrality rules. With voting still ongoing, …

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Southwest sets its sights on international routes, including to South America

Robert Alexander | Getty Images Southwest Airlines passenger aircraft parked at their gates at McCarran International Airport in Las Vegas, Nevada, on March 31, 2016. Southwest Airlines carries more passengers within the United States than any other airline. Now it’s looking to fly outside the U.S., including to destinations in …

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Pennsylvania’s new House map sets off scramble for campaign cash

Andrew Harrer | Bloomberg | Getty Images Conor Lamb, a Democrat from Pennsylvania, shows a copy of the Bible to members of the media in the speakers ceremonial room before a mock swearing-in with U.S. House Speaker Paul Ryan, a Republican from Wisconsin, not pictured, at the U.S. Capitol in …

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J&J CEO warns of ‘unintended consequences’ of Trump’s drug-price plan

Johnson & Johnson Chairman and CEO Alex Gorsky told CNBC on Wednesday he expects the company’s pharmaceutical business will be able to successfully navigate any changes in health care as a result of President Donald Trump’s new plan aimed a reducing drug prices. At the same time, Gorsky warned the …

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Mark Zuckerberg will appear before EU regulators, president says

Aaron P. Bernstein | Reuters Facebook CEO Mark Zuckerberg testifies before a joint Senate Judiciary and Commerce Committees hearing regarding the company’s use and protection of user data, on Capitol Hill in Washington, U.S., April 10, 2018. Mark Zuckerberg Tuesday declined an invitation to testify before UK officials, but he’s …

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Square Cash app is growing faster than Venmo: Nomura Instinet

Square Cash, the mobile payment app developed by Square, is growing faster than PayPal’s Venmo, according to Nomura Instinet. Since early 2016, Square Cash app downloads have averaged 128 percent year-over-year growth each month versus Venmo’s 74 percent, according to a Nomura analysis. With roughly 28 million cumulative downloads, the …

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Billionaire David Tepper reaches deal to buy NFL’s Carolina Panthers

Ezra Shaw | Getty Images Cam Newton #1 of the Carolina Panthers points to the crowd in the fourth quarter of their game against the San Francisco 49ers at Levi’s Stadium on September 10, 2017 in Santa Clara, California. David Tepper, the billionaire hedge fund manager who runs Appaloosa Management, …

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US/German bond yield spreads last hit these levels almost 30 years ago

Andrew Harrer | Bloomberg | Getty Images President Donald Trump and Angela Merkel, Germany’s chancellor, right, stand for photographs at the West Wing of the White House in Washington, D.C., on Friday, April 27, 2018. The spread between the 2-year yield on U.S. and German bonds has hit its widest …

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