Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act he would pick a replacement for Powell that would do his bidding.Economyread more
Judy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.The Fedread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
We've been given plenty of reasons to quit Facebook, including a new report that alleges disgusting working conditions at a company, Cognizant, it uses to employ contractors....Technologyread more
This just might be Fed Chair Jerome Powell's toughest meeting yet, because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
These are the stocks posting the largest moves midday.Market Insiderread more
New data suggests that the two tech giants accounted for 73% of all U.S. digital advertising, according to Pivotal's Brian Wieser in a note to clients, up from 63% in the second quarter of 2015.
That's a significant leap and highlights why many see digital advertising as a two-pony show, with Facebook and Google taking most of the money while other platforms like Twitter and Snapchat fight publishers for the scraps.
In the face of that duopoly, there's also been increasing interest around Amazon's ad business, which is starting to be taken more seriously by brands.
Wieser comes to his estimates by looking at new data from the Interactive Advertising Bureau that shows that digital advertising grew 23% in the second quarter of 2017 to $20.8 billion in ad revenue. Wieser estimates that Facebook and Google account for 83% of that growth.
Rather than using the new data to push investors to buy stock, Wieser recommends caution because he believes that the we're approaching the saturation point when increases in digital ad budgets won't lead to increased sales.
"Growth rates are remarkable, but also highlight risks around digital media owners – and Facebook and Google in particular – saturating digital media budgets in years ahead, and reinforce our cautious views on stocks in the sector at current levels," he writes.
That's why Facebook in particular has "become more aggressive in finding ways to capture television advertising budgets," like with its new "Watch" video offering.