Roku’s rosy forecast The streaming service up’d their forecast, and with more people moving into streaming, investors are optimistic. This week streaming player Roku must have felt like it was swimming against the tide. Early in the week, Roku’s stock took a hit when media giant Comcast and social media kingpin Facebook announced threats to […]
Facebook—the social media company that has been under intense public criticism for not adequately safeguarding the personal information of its 2 billion users—has suspended tens of thousands of apps for a variety of violations, including improperly sharing private data. In a post published on Friday, Facebook VP of Product Partnerships Ime Archibong said the move […]
Trade negotiators from China cancelled visits to meet farmers in Montana and Nebraska on Friday, around an hour after President Trump said he was interested in a “big deal,” not “a partial deal” with China, the Washington Post reports. The big picture: The U.S. trade war with China has reduced U.S. employment by 300,000 jobs, […]
Facebook has suspended tens of thousands of apps that have in some way mishandled user data, as the company faces a range of U.S. investigations and potential regulatory actions. The suspensions dramatically outnumber the hundreds of apps the embattled tech giant said it had taken action against previously after the Cambridge Analytica scandal prompted outrage […]
The hullabaloo in the repo market torpedoed the function of Interest on Excess Reserves and forced the Fed to go back to the future. With its announcement this morning, the New York Fed confirmed that the Fed’s Plan A of manipulating the federal funds rate into its target range – now between 1.75% and 2.0% […]
SAN FRANCISCO — Last summer, several Airbnb employees wrote a letter to the online room-rental start-up’s founders. On behalf of more than a dozen employees, they pleaded to be able to sell their Airbnb stock options. Because Airbnb is privately held, its shares cannot be easily traded or cashed in. So the employees also asked […]
Uber filed a lawsuit against New York City Friday in an effort to overturn rules limiting the amount of time ride-hail drivers can spend in busy parts of the city. It was the second time this year that Uber has sued New York City. The suit comes a month after the city’s Taxi and Limousine […]
HOUSTON – Three people were killed after Tropical Storm Imelda hit Southeast Texas Thursday, bringing torrential rainfall across the Houston area, Winnie and Beaumont. Here are the following victims: – Hunter Morrison, a 19-year-old man, died in Imelda’s floodwaters. He was attempting to move his horse when he was shocked and drowned, according to the […]
Photo: Getty The last reactor at Three Mile Island in Pennsylvania—the site of the worst nuclear plant meltdowns in the U.S.—is officially dead as of Friday. Plant operator Exelon Corp. announced the closure was coming back in May, and now the day has finally come. The plant’s closure comes some 40 years after Unit 2 […]
Shares of Roku Inc. plunged Friday, putting them on track for their worst-ever weekly performance, as investors continued to express concern over increasing competition and an extreme valuation. The streaming-media player’s stock ROKU, -18.29% […]
