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Jim Watson | AFP | Getty Images Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, December 19, 2018. Federal Reserve chairman Jerome Powell made his comments on Wednesday following the Federal Reserve’s decision to hike interest rates. This …
Read More »Monthly Archives: December 2018
Facebook’s biggest problem is that I can stop using it and be fine
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. I’m not deleting Facebook. But I’m content not using it as much …
Read More »Fed dot plot December 2018
Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve. The Federal Reserve said Wednesday it now expects just two rate hikes in 2019, one less than it had previously forecast in September. In its economic projections, the Fed reduced its forecast for the federal …
Read More »Facebook plummets on a booming day for tech
Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. Facebook tumbled more than 4 percent Wednesday following a …
Read More »Renault-Nissan email reveal 2010 private Ghosn payment plan
Marlene Awaad | Bloomberg | Getty Images Carlos Ghosn, chairman of the alliance between Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., pauses during a Bloomberg Television interview at the Paris Motor Show in Paris, France, on Tuesday, Oct. 2, 2018. Senior executives at Renault-Nissan worked on a plan …
Read More »Mitch McConnell introduces bill to avoid shutdown amid Trump border wall fight
Andrew Harrer | Bloomberg | Getty Images Senate Majority Leader Mitch McConnell, a Republican from Kentucky, center, speaks as Senator John Thune, a Republican from South Dakota, left, and Senator Roy Blunt, a Republican from Missouri, listen during a news conference after a GOP caucus meeting at the U.S. Capitol …
Read More »Drones deliver vaccines to remote island of Vanuatu
Jason Chute | Unicef The first baby to be vaccinated by the commercial drone delivered vaccine, Joy Nowai, with her mother Julie Nowai. “Today’s first-of-a-kind vaccine delivery has enormous potential not only for Vanuatu, but also for the thousands of children who are missing out on vaccines across the world,” …
Read More »Jefferies says Apple’s services margins will surpass expectations
Getty Images CEO Tim Cook (L) and senior vice president of Internet Software and Services Eddy Cue of Apple speak as they walk after lunch during the Allen & Co. annual conference at the Sun Valley Resort on July 11, 2013 in Sun Valley, Idaho. While cutting iPhone estimates for …
Read More »Bitcoin rallies 10%, extending this week’s gains after months of crypto carnage
S3studio | Getty Images News | Getty Images In this photo illustration the digital Cryptocurrency, Bitcoin is seen on August 13 2018 in Hong Kong, Hong Kong. Bitcoin is finally rallying again. After weeks of pain for the world’s largest cryptocurrency, bitcoin surged 10 percent to a high of $3,929.10, …
Read More »Bank of America upgrades Hershey to buy from underperform, predicting 10% annual returns
Luke Sharrett | Bloomberg | Getty Images Hershey Co. candy mascots stand outside of the company’s Chocolate World visitor center in Hershey, Pennsylvania. The Hershey Company was double upgraded by Bank of America Merrill Lynch analysts who see the company’s improved organic sales and operating profit growth, combined with strong …
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