Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
The former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and...Autosread more
The wearables company has reportedly retained advisers to consider exploring a sale of the business.Technologyread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Solomon launched Payback Records last year as his music career was picking up.Financeread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
The project would include a digital currency, underpinned by blockchain technology and pegged to the U.S. dollar, which users of Facebook's WhatsApp messaging service could use to send money to one another, according to the Journal and a December report by Bloomberg.
The company has been recruiting e-commerce companies and apps to accept the Facebook currency, the Journal said. One idea under consideration is rewarding Facebook users with fractions of the digital currency in exchange for looking at advertisements, the report said. Facebook may also seek to embed its payment system in third-party websites and apps, similar to how third parties use Facebook today.
Facebook is undergoing a major shift to focus on privacy, and CEO Mark Zuckerberg has talked at length about how important payments and private commerce will be to its future. Zuckerberg has said that if e-commerce takes off on Facebook's various apps, that could drive brands to spend more on advertisers. The company could also eventually create new revenue streams from financial services if users adopt its payments features.
"Payments and commerce are Facebook's only way out from its freemium, advertisement business model," said Henry Liu, a former Facebook employee and managing partner of YGC, an enterprise blockchain investment firm.