President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
The number of people in the U.S. and Canada who check Facebook every day dropped between the third and fourth quarter of 2017, the first such quarterly drop in company history.
Facebook usage in North America has been largely flat for the last several years, leaving international growth to pick up the slack. But the drop suggests that Facebook usage has reached a saturation point in its first and most lucrative market, and could foretell similar usage drops around the world.
The drop could also be a result of a steady drumbeat of negative press about Facebook, including concern over foreign governments using Facebook posts to divide the U.S. electorate during the 2016 election season, and growing concern over violent and other inappropriate content on the site.
If usage flattens, Facebook will have to pack more ads into the News Feed, charge advertisers more per impression, or figure out new and similarly profitable business areas to maintain long-term growth.
Facebook claimed 184 million daily average users (DAUs) in the U.S. and Canada in Q4 2017, down from 185 million in Q3. Those users accounted for $6.39 billion of Facebook's revenue in the fourth quarter, up from $5.03 billion in Q3. That revenue increase despite the usage drop is probably thanks to seasonal changes related to the ad market, which is typically strongest in the holiday quarter.
On the company's earnings call, CFO David Wehner said that usage in this region would "fluctuate" based on m arket penetration.
Here's the usage chart from Facebook's earnings deck:
And here's the chart of revenue by region: