Health-care companies claim they are not threatened by Amazon's potential foray into the space. A recent lawsuit suggests otherwise.Technologyread more
It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social Capital.Technologyread more
The road to the Fed's policy pivot to lower interest rates began in early May, with a tweet from President Trump on trade.Market Insiderread more
See which stocks are posting big moves after the bell on June 20.Market Insiderread more
Chairman Jerry Nadler, D-N.Y., said in a statement that lawyers for the Trump administration blocked Hicks from answering questions 155 times during the Wednesday hearing.Politicsread more
Jim Cramer says "you'll want to keep some powder dry so you can buy into weakness and get some real bargains."Mad Money with Jim Cramerread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
The chairman of one of the largest ad firms in the world believes that major upheavals in the media landscape will see consumers soon share the wealth of large technology companies.
Maurice Levy, the former CEO and now chairman of Publicis Groupe, a $15.8 billion French ad giant, predicted that a third party will act as a middleman between social media firms and their customers — effectively collecting revenue from companies and distributing some of that money to users who share their data.
"There are already some voices which are already talking about the monetization," he told CNBC's Karen Tso at the VivaTech summit in Paris Friday.
"I know that some governments are not in favor, but when the consumer says, 'There is all this wealth of information that you are using and the only thing I'm getting is a free service. But you are getting much more from me, and maybe I should get a share of that revenue,'" he said. "And I'm absolutely convinced that this will be the future."
Levy didn't name any lawmakers opposed to such a move, but some governments would likely be cautious about shaving revenue from big tech firms, with the industry already facing tough scrutiny on tax and regulation.
Currently, people who use social media sites like Facebook receive access to a free service in return for the company using their data to target them with ads.
That model has been thrown into question since it was revealed that Facebook data on 87 million people may have been shared with Cambridge Analytica, a now-defunct consulting firm that was accused of using "psychographic" profiling to influence voters for political clients.
"In my view, from an advertising standpoint, we will see a lot of changes coming in the future," Levy told CNBC.
The ad guru name-checked new EU data laws that started Friday, called GDPR (General Data Protection Regulation). It forces companies to be more clear on consent to use and share customer data and allows consumers to request that firms delete all information companies have on them.
Levy said widespread discussion on GDPR would only heightens people's concerns on data sharing.
"The more we are speaking about the use of data, you will have people that say 'hey guys, where is my money, you are using my information, you are using everything which is about myself, but I want a share of your revenues.' And they believe that this is tomorrow," he said.