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Monthly Archives: July 2019

Passive investing boom could be causing a market bubble, but not in the stocks you would expect

A trader on the New York Stock Exchange.  Brendan McDermid | Reuters Critics of passive investing argue it is inflating the prices of high-flying stocks such as Amazon and creating a bubble in those names. However, data compiled by Ned Davis Research shows the bubble may be forming elsewhere. The …

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How to control the ads Facebook shows you

Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Christophe Morin/IP3 | Getty Images News | Getty Images Quitting Facebook is not a realistic option for many …

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Snap, Twitter and Amazon are cutting into Google-Facebook duopoly

In a week that brought earnings from the top online advertising companies, Google and Facebook showed that they still dominate the market. But smaller players are growing faster and picking up market share. In addition to Facebook and Alphabet, which control a combined 51% of the global digital ad market, …

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Facebook bans sales of alcohol and tobacco between users

All sales of alcohol and tobacco will no longer be allowed between users on Facebook and Instagram.  “We are updating our regulated goods policy to prohibit the sale of alcohol and tobacco products between private individuals on Facebook and Instagram. Our commerce policies already prohibit the sale of tobacco or …

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GDP growth fails to hit Trump’s 3% target in 2018

The government’s latest update on economic output dashed the Trump administration’s longstanding hope for 3% GDP growth in 2018. The Commerce Department’s Friday report on the strength of the economy showed that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year and 2.9% from the prior year. That …

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U.S. growth could be below 2% but won’t likely change Fed’s next rate decision

An assembly line worker works on the production line at Midwest Automotive Designs in Bristol, Indiana, April 16, 2019. Tim Aeppel | Reuters The U.S. economy is expected to have grown in the second quarter at the slowest pace in more than two years, but the data will have little …

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Why 92% of freelancers say they can never take a vacation

HoneyBook, the business and financial management platform for entrepreneurs and freelancers, released its study Thursday examining the vacation habits of self-employed Americans. What they found was that while the freelance economy provides flexibility, 92% of freelancers work on vacation; of these, 60% of them work because they feel they must. …

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Draghi sparks a wild ride in markets, cements quarter-point Fed cut

Europe’s head central banker was less inclined Thursday to interest rate cuts and monetary stimulus than expected, and his tone convinced markets that the Federal Reserve will have a similar stance at its meeting next week. The outlook now is that the Fed will trim rates by just a quarter …

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Tesla is having worst day of 2019 after earnings and loss of CTO

Elon Musk Mike Blake | Reuters Tesla shares are headed for their steepest drop since 2013 after the electric carmaker reported a wider-than-expected loss and disappointing revenue and announced the departure of Chief Technology Officer and co-founder JB Straubel from the executive ranks. The stock plunged 14% as of late …

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Unibail-Rodamco-Westfield lands deal with virtual reality biz The Void

The Void pop-up experience in the Oculus at the Westfield World Trade Center in New York will be one of the first locations to open as part of the global partnership with URW. Source: The Void Let’s face it. People don’t go to the local mall just to walk around …

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