The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
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SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
Ten years ago Thursday, an 18-second clip uploaded by YouTube co-founder Jawed Karim titled "Me at the zoo" became the site's very first video.
This seemingly mundane video about elephants with "really, really, really long trunks" was shot at the San Diego Zoo by fellow co-founder Yakov Lapitsky. The video now has over 19 million views and over 130,000 comments.
Today, YouTube is a global phenomenon with over 1 billion users and 300 hours of video uploaded onto the site every minute. The number of hours people are watching its videos each month is up 50 percent year over year while mobile revenue is up more than 100 percent during that time, the company said. It was acquired by Google in 2006 for $1.65 billion and was, at the time, Google's second largest acquisition.
The footage in front of the elephant cage is far from YouTube's most viewed video; Gangnam Style has over 2 billion views. Still, Karim's video—and YouTube itself—managed to catapult its co-founders and a handful of ordinary folks into multimillionaires.
The site is now home to presidential debates, official music videos, home-made how-to videos and endless cat footage.