Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.Executive Compensationread more
The former cellmate's lawyer, Bruce Barket, told NBC that officials at the jailhouse said in an email that Tartaglione would face no charges or internal discipline now that...Politicsread more
Roger Stone and the Department of Justice have been sparring for a month over whether jurors can be shown a 4-minute-and-20-second clip from the film.Politicsread more
As part of his new proposal to combat hate and violence, O'Rourke wants to make social media companies liable for users' hateful content.Technologyread more
"I referred to [Amazon] I think on CNBC before as a pimple, that's probably a little bit unfair, but it's certainly growing. It's becoming a bigger pimple, or a boil, or however you want to put it," Sir Martin Sorrell said on CNBC's Squawk Box on Friday.
Amazon's advertising clout today is very small. This past year, WPP clients spent $5 billion on Google and $2 billion on Facebook for advertising, whereas Amazon only got $200 million. But he said in the next year, he plans to give the online marketplace $300 million for advertising. With these numbers, he expects Amazon's ad presence to "grow violently."
Amazon's position as an online marketplace gives it an advantage for transactional advertising.
"That [search] data will be controlled by Amazon and that disintermediates our clients and their relationship with the consumer," said Sorrell. "We had a situation with Nike I think a few months ago where they said, no, they're not going to go on the Amazon platform but they quickly reverse that. You saw the impact and I think they hit a high on the back of that."
Even if Amazon becomes a bigger competitor and continues to grow exponentially, Sorrell still doesn't believe that it will be an issue for Google and Facebook considering their expertise and continual growth.
"At the end of the day, they continue to rise almost inexorably." he said.