Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
The group, whose chairman is J.P. Morgan CEO Jamie Dimon, blamed tension with China and the stalled free-trade agreement with Mexico and Canada for its members' downbeat...Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Some worry the regulators will squander an opportunity to crack down on potentially monopolistic behavior due to their own infighting.Technologyread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump's announcement of his fourth national security advisor comes eight days after the abrupt departure of John Bolton.Politicsread more
Central Park Tower is not just a new building – it's a statement. Topping off at 1,550 feet, with 131 floors, it will be the tallest residential building in the world. It may...Wealthread more
The monthly Architecture Billings Index (ABI) from the American Institute of Architects fell to 47.2 from 50.1 in July. Any score below 50 indicates a decrease in architecture...Real Estateread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Facebook has violated Vietnam's new cybersecurity law by allowing users to post anti-government comments on the platform, state media said on Wednesday, days after the controversial legislation took effect in the communist-ruled country.
Despite economic reforms and increasing openness to social change, Vietnam's Communist Party retains tight media censorship and does not tolerate dissent.
"Facebook had reportedly not responded to a request to remove fanpages provoking activities against the state," the official Vietnam News Agency said, citing the Ministry of Information and Communication.
In a statement, a Facebook spokeswoman said, "We have a clear process for governments to report illegal content to us, and we review all these requests against our terms of service and local law."
She did not elaborate. The ministry said Facebook also allowed personal accounts to upload posts containing "slanderous" content, anti-government sentiment and defamation of individuals and organisations, the agency added.
"This content had been found to seriously violate Vietnam's Law on cybersecurity" and government regulations on the management, provision and use of internet services, it quoted the ministry as saying.
Global technology companies and rights groups have earlier said the cybersecurity law, which took effect on Jan. 1 and includes requirements for technology firms to set up local offices and store data locally, could undermine development and stifle innovation in Vietnam.
Company officials have privately expressed concerns that the new law could make it easier for the authorities to seize customer data and expose local employees to arrest.
Facebook had refused to provide information on "fraudulent accounts" to Vietnamese security agencies, the agency said in Wednesday's report.
The information ministry is also considering taxing Facebook for advertising revenue from the platform.
The report cited a market research company as saying $235 million was spent on advertising on Facebook in Vietnam in 2018, but that Facebook was ignoring its tax obligations there.
In November, Vietnam said it wanted half of social media users on domestic social networks by 2020 and plans to prevent "toxic information" on Facebook and Google.