Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
In a recent interview with Forbes, WhatsApp co-founder Brian Acton explained why he decided to leave Facebook and $850 million on the table: there was a disagreement over how Facebook should monetize WhatsApp, the chat service Facebook acquired in 2014.
Acton told Forbes that Mark Zuckerberg and other Facebook executives wanted to begin targeting ads at users and selling business analytics tools, two plans that Acton didn't agree with. "At the end of the day, I sold my company," Acton told Forbes. "I sold my users' privacy to a larger benefit. I made a choice and a compromise. I live with that every day."
In March, when Facebook was at the center of a scandal involving the exposure of private user data, Acton tweeted "It is time. #deletefacebook." His fellow WhatsApp co-founder, Jan Koum, departed Facebook in April.
On Monday, Instagram co-founders Kevin Systrom and Mike Krieger resigned from Facebook. Systrom and Krieger did not have "philosophical misalignments," with Facebook like Acton and Koum did, Systrom told WSJ Magazine.
Facebook was not immediately available to comment.