U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Christopher Ailman, the chief investment officer of the California State Teachers' Retirement System (CalSTRS), said Wednesday he deleted his Facebook account because of the company's management.
In a tweet, he said: "I have deactivated my Facebook account. Their lack of oversight and poor management is offensive. #DeleteFacebook."
CalSTRS, which manages $224.4 billion in assets, owns $650.4 million in Facebook shares as of year-end 2017.
Ailman's tweet comes as Facebook struggles with the news that Cambridge Analytica, a political analytics firm, was able to collect data on millions of people's profiles without their consent. The news was followed by a steep decline in the company's stock and raised concern it could be hit with government regulation.
Facebook did not immediately respond to CNBC's request for comment.
In an interview with CNBC on Wednesday, Ailman said: "They have to deal better with their privacy issues. We've been unhappy about the governance [in Facebook] because as shareholders we have almost no say, because [CEO Mark] Zuckerberg just controls that thing."
"While Silicon Valley loves to have one person in charge, we think there are drawbacks," he said.
Facebook's stock 2.7 percent on Thursday after Zuckerberg told reporters he has not seen a noticeable change in user behavior amid the scandal. Zuckerberg is scheduled to testify in front of Congress on April 11.