Facebook will also create a new subsidiary, Calibra, to build a digital wallet for people to store and exchange the currency using apps.Technologyread more
Experts expect Facebook's cryptocurrency venture to alleviate some security issues, while introducing new ones.Cybersecurityread more
European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
The pressure on Facebook to better monitor content on its platform isn't letting up.
And at least one investor thinks the issues that have recently come to light are just a "small piece of the problem."
"The problem is the algorithms are set up now," Elevation Partners co-founder Roger McNamee told CNBC's "Squawk Alley " Wednesday.
"They get paid best when people are emotional. When they're either afraid or angry, that's what causes a lot of sharing."
A ProPublica investigation last week found that Facebook sold ads targeting users who had expressed anti-Semitic views. The discovery came just days after Facebook announced it had sold ads to Russian operatives targeting Facebook users who expressed extremist views.
"Facebook and Google in particular take the position that they're not responsible or accountable for anything that happens on their platform, " McNamee said. "There's a need for a conversation about exactly what the limits ought to be."
The EU is eyeing legislation that would require tech giants like Facebook, Google and Twitter to more closely regulate content. The most recent proposal, though not yet legally binding, suggests the firms take down extremist content within two hours of posting.
The European Commission is leading the effort to establish better regulations for online content. The FTC, the U.S. agency tasked with overseeing digital content, has remained largely quiet in recent weeks.