Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
Stocks closed little changed after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders.US Marketsread more
A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
Twitter co-founder and CEO Jack Dorsey took to Twitter on Thursday to admit that the platform, in its current implementation, has problems. And he's asking for help to fix it.
"We have witnessed abuse, harassment, troll armies, manipulation through bots and human-coordination, misinformation campaigns, and increasingly divisive echo chambers," Dorsey said. "We aren't proud of how people have taken advantage of our service, or our inability to address it fast enough."
Dorsey said Twitter has tried to fix issues by removing content that doesn't meet its use terms but that, in doing so, has been "accused of apathy, censorship, political bias, and optimizing for our business and share price instead of the concerns of a society."
In other words, Twitter has found itself in a bit of a Catch-22. Dorsey said Twitter now needs to "help encourage more healthy debate, conversations, and critical thinking," and is working with two independent firms, Cortico and Social Machines, to try to learn how to better gauge the conversations taking place on Twitter.
Dorsey also said Twitter wants additional help and is opening a request for proposals (RFP) in an effort to discover new ideas on how it can improve the platform. Firms picked to work with Twitter will get "public data access" and "meaningful funding for their research," Dorsey said.