The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped 12% Monday afternoon, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees the chance to offer the Starbucks mobile app to customers.Restaurantsread more
Facebook has been looking for contractors who can help it interpret mapping data to deliver internet access to remote parts of the world, according to job listings and people approached by the company.
The company has been seeking editors and quality analysts for its Maps team, whose jobs would focus on improving internet access in rural areas and finding areas that may need disaster relief. According to the job listings, the hires would analyze and check data from OpenStreetMap, a project that uses crowdsourced information to provide a map of the world.
One person who was approached by outside recruiters on behalf of Facebook about a potential job opportunity with these teams was told the project would have a "humanitarian" focus. One other current employee wrote on their LinkedIn profile that the team uses satellite imagery to help improve internet access. Many people have joined the team over the last year, according to LinkedIn profiles.
The company told CNBC it has been open about its work with OpenStreetMaps, which it is using to create detailed street maps of underprivileged areas where people are not represented on typical maps, and it has other humanitarian mapping projects, such as building maps of disaster areas.
Facebook has also used satellite imagery to map populations in more than 20 countries as it explores ways to bring internet access to remote areas.
Facebook had 1.45 billion daily active users as of March, and it has estimated that 10 percent of the world's population lacks internet access.
Although these roles are for humanitarian projects, Facebook may someday have commercial uses for mapping experts. Last year, Facebook rival Snap launched Snap Maps, which shows where Snapchat users are posting their snaps. Snap Maps uses OpenStreetMap and Mapbox data, combined with satellite imagery from DigitalGlobe. Facebook has a recent history of copying popular features from Snapchat, particularly certain Instagram features.
In addition, Facebook filed two patents in August 2017 for a system that would use map data from multiple map sources and another that would automatically detect location, according to the Silicon Valley Business Journal.
- Additional reporting by