Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
President Donald Trump was expected to deliver remarks Thursday afternoon on supporting America's farmers and ranchersPoliticsread more
Investors trying to get a gauge on the state of U.S.-China trade relations should look at shares of big chipmakers, according to Ned Davis Research.Marketsread more
Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread more
Conservative nonprofit dark money group American Action Network dramatically increased its media spending during the tax reform debate of 2017 and the buildup to the 2018...Politicsread more
J.P. Morgan Chase has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill...Banksread more
Facebook also says it's reacting faster to illicit sales of drugs and firearms.Technologyread more
In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's...Politicsread more
The Trump administration announces a $16 billion aid program for American farmers that includes a three-pronged package of aid for American farmers who have been hurt by the...Politicsread more
Tech stocks continued to rally Wednesday as the Nasdaq Composite was up 3 percent by the market close, marking its best day since Oct. 25. But the rally didn't help Facebook much. It only rose 1.3 percent.
Facebook's other FAANG peers — Apple, Amazon, Netflix and Google parent company Alphabet — all fared well in the rally. Amazon and Netflix each topped 6 percent. Apple rose 3.9 percent and Alphabet was up 3.8. Microsoft also saw a 3.7 percent lift.
Facebook has struggled to come back from a series of scandals that have continued to unfurl regarding the company's practices for protecting customer data and stopping the spread of misinformation on its platform. Just a day earlier, a Facebook official testified in front of representatives from nine parliaments about its practices where a Canadian lawmaker suggested Facebook be broken up. Later, a former FTC official claimed that Facebook had even misled representatives in the testimony.
Also on Tuesday, a former employee released a note claiming, "Facebook has a black people problem." On Wednesday, the company announced it is investing $1 million in a nonprofit program that offers free computer science courses to women and minorities.