Finance

Samuel Kemp, Piper Jaffray: “We see this as the right long-term decision.” When people are selling the stock, they’re thinking: “This could lead to reduced Facebook engagement, ad impressions and therefore ad revenue,” according to Kemp. But Facebook still owns Instagram, and that could absorb any ads that don’t find a home on Facebook’s main
0 Comments
Late last year, Morgan Stanley got a tip: Reporters were asking about allegations that a high-profile executive, the former congressman Harold E. Ford Jr., had harassed a female journalist. Morgan Stanley conducted a quick investigation, interviewing the accuser and Mr. Ford, who denied the allegations. According to Morgan Stanley officials briefed on the internal process,
0 Comments
Daniel Acker | Bloomberg | Getty Images Attendees talk to a company representative in the Eastman Kodak booth at an International Consumer Electronics Show. What do you get when you cross the feverish world of crypto-currencies and a faded industrial icon desperate for a new lease on life? The answer, provided Tuesday by Eastman Kodak,
0 Comments
The U.S. government continues to crack down on wacky trading activity in shares of companies involved in cryptocurrency. The Securities and Exchange Commission has halted trading in shares of UBI Blockchain Internet, a Hong Kong-based company, citing potentially inaccurate information in its disclosures to the regulator and unusual and unexplained market activity in the stock
0 Comments
The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday. In an interview, San Francisco Fed President John Williams painted a benign picture of the world’s
0 Comments
Pope Francis advised against making the pursuit of money, a career or success the basis for one’s whole life, urging people in his Epiphany remarks Saturday to also resist “the inclinations toward arrogance, the thirst for power and for riches.” Francis said during a homily at Mass in St. Peter’s Basilica that people “often make
0 Comments
Ripple tumbled more than 11 percent, dropping below $3 Friday, after crossing above that level for the first time two days ago. The digital currency, officially called XRP, was trading near $2.83, down 11.56 percent on the day and off 26 percent from its record high of $3.84 hit Thursday, according to CoinMarketCap. Ripple traded
0 Comments
Brendan Smialowski | AFP | Getty Images Secretary of the Treasury Steven Mnuchin (L), National Economic Council Director Gary Cohn (C) and US Secretary of Commerce Wilbur Ross wait for President Donald Trump to speak about newly passed tax reform legislation during an event at the White House December 20, 2017 in Washington, DC. In
0 Comments
Check out the companies making headlinesafter the bell: Sears stock recovered slightly, up more than 1 percent in the extended session. The retailer, which owns Kmart, took a beating in the regular session. Shares were down close to 5 percent. A CNBC story on Thursday revealed it would shutter another 103 unprofitable stores, as it
0 Comments