Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Twitter has been deleting so-called “locked accounts” as part of an initiative to cleanse the platform of bots. These are profiles that Twitter locks if they exhibit suspicious behavior like tweeting a large amount of unsolicited replies or mentioning users en masse.
The development follows a campaign by Unilever to crack down on the spread of fake followers. The consumer goods giant said last month it would no longer work with internet “influencers” who purchase followers to artificially inflate their social media following.
Fake followers are a particular headache for the advertising industry. They can deceive marketers about the traction and success of an ad campaign. The phenomenon also means that advertisers spend unnecessarily to reach digital audiences that don’t exist.
Twitter began removing locked accounts on Thursday, to boost “accuracy and transparency” on the platform.
After the purge began, Dorsey said in a tweet: “I lost 200k followers.”
According to social media analytics site SocialBlade, Dorsey lost 226,354 followers on Thursday.
Dorsey is not the only celebrity losing followers.
Pop stars Katy Perry and Justin Bieber lost around 2.8 million and 2.7 million, respectively.
And Twitter’s own account lost the biggest amount, with its follower count down by more than 7.7 million.
As for the average Twitter account, the social network said most users shouldn’t see a big change, and should expect to lose around “four followers or fewer.”