Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Tesla solar panels ignited at an Amazon warehouse in Redlands, California in June 2018, Bloomberg reports. The news comes days after Walmart sued Tesla for at least 7 fires...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
"There's a legit argument that he has too much power," said Stamos, who left the company in 2018, at the Collision Conference in Toronto. "He needs to give up some of that power. If I was him, I would go hire a new CEO for the company."
Stamos even offered a specific suggestion: Microsoft President Brad Smith.
Facebook and Zuckerberg have been embroiled in controversy since the lead up to the last presidential election, when the platform was inundated with fake news and became a haven for bullying and harassment. Stamos knows something about the issues plaguing the company — he was among the first people at Facebook to discover Russians were using the social network to interfere with the 2016 election.
Since the departure in March of Chief Product Officer Chris Cox, Zuckerberg has been effectively acting as Facebook's product head, Stamos said, adding that he should keep his attention there and hand over the lead role.
Product is "where his passion is," Stamos said. "He should hire a CEO that can help signal both internally and externally that the culture has to change."
Stamos also said that there are legitimate arguments for breaking up Facebook as well as separating YouTube from Google on the basis that both companies have reduced competition. However, breaking up Facebook doesn't solve the underlying issues that afflict social media, such as the spread of false information or manipulating the ad targeting system for political purposes, he said.
"There's a lot of excitement for antitrust because it feels good to be like 'I hate this company, so let's break it up,'" Stamos said. "Having three companies that have the same fundamental problems doesn't make anything better."