The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
In a statement Monday, Barr named Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
Lobbying disclosure reports show that Maria Ressa, who founded news website Rappler Inc. in the Philippines, has tapped two partners out of Covington & Burling to help her...Politicsread more
The New York City police officer who used a chokehold on Eric Garner in an encounter that ended with Garner's death has been fired, New York City Police Commissioner James...Politicsread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions to its benchmark rate.Marketsread more
Facebook shares fell over 2 percent in pre-market trade Wednesday, marking the third straight day of declines for the social media giant as the fallout from the data breach scandal continues.
Nearly $50 billion of market capitalization, or value, has been wiped off Facebook's stock since Monday.
On the weekend, media reports outlined how the Facebook profiles of 50 million users were harvested for data. The data was then sent to Cambridge Analytica, a political data firm, which worked on President Donald Trump's 2016 election campaign.
Facebook has been accused of a data breach, something it denies.
A full recap of the link between Cambridge Analytica and Facebook can be read here.
In an undercover sting by Britain's Channel 4 News, senior executives at Cambridge Analytica claimed they ran all the digital operations for Trump's 2016 campaign, and separately suggested they could use entrapment techniques such as bribes and sex workers to help politicians in other countries discredit their opponents.
Cambridge Analytica accused Channel 4's reporter of using tricks to get its executives to make those claims. It also said that it had "never claimed" it won the election for Trump. Cambridge Analytica suspended its CEO Alexander Nix, who was caught in the Channel 4 sting.