Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
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Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Trading volumes this week are well below recent averages, and that means this comeback may be suspect.Marketsread more
Shares of Tesla slid Wednesday on news of Walmart's lawsuit.Technologyread more
The rule could defy a 2015 Flores Settlement Agreement court order that says families cannot be held in detention for more than 20 days.Politicsread more
A key indicator for the commercial real estate market is showing signs of weakness, and uncertainty in the economy over the trade war and interest rates may be to blame.Real Estateread more
Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
Britain is set to unveil legislation on Monday that brings about a new legally-binding duty of care on social media firms to make their platforms safer, The Guardian reported, citing a leaked government document.
A white paper due to be released by the government next week will reportedly include proposals for an independent regulator with the power to dish out fines and hold company executives personally liable for breaches.
Those powers will likely initially come under Britain's media watchdog Ofcom, the newspaper reported, before a new body is established.
The news comes as social media giants face increasing calls to clean up their platforms in the wake of the Christchurch, New Zealand mosque attack. The gunman, who killed 50 people, livestreamed the attack on Facebook, with subsequent copies of the footage being shared on YouTube and Twitter.
Facebook Chief Executive Mark Zuckerberg this week pushed back against calls to implement a broadcast delay in the firm's livestream feature, claiming it would "fundamentally break what livestreaming is for people." The billionaire has recently called for stricter regulation of the internet.
Facebook referred to Zuckerberg's comments on internet regulation when asked about the Guardian report.
"We will shortly publish a white paper which will set out the responsibilities of online platforms, how these responsibilities should be met and what would happen if they are not," a U.K. government spokesperson said.
"We have heard calls for an internet regulator and to place a statutory 'duty of care' on platforms, and have seriously considered all options."
Google was not immediately available when contacted by CNBC.
It also comes as Australia introduces tough new laws of its own targeting social media platforms. A new penalty regime in the country would see tech executives jailed for hosting violent video content — such as the New Zealand attack video — on their platforms.
Meanwhile in Britain, the suicide of teenager Molly Russell has intensified concerns over the role played by social media giants. Russell took her own life in 2017 after viewing distressing material about self-harm and suicide on Instagram. The photo-sharing app subsequently said it would ban all graphic self-harm images.