Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The company said it nominated longtime Facebook executive Michel Protti for the position. In that role, Protti will lead Facebook's privacy program and be required to "independently submit to the FTC quarterly certifications that the company is in compliance with the privacy program."
Part of the FTC agreement required that Facebook institute an independent privacy committee and put compliance officers in place.
"Any false certification will subject them to individual civil and criminal penalties," the FTC said in Wednesday's settlement announcement.
Protti's nomination will have to be approved by Facebook's new privacy committee, as required by the FTC agreement, and only the committee can remove him. The committee will be stood up within 120 days, a Facebook spokesperson told CNBC. The spokesperson declined to say if there will be other compliance officers besides Protti.
Protti was previously Facebook's vice president of product marketing on partnerships. He's been with the company since December 2013, according to his LinkedIn profile.
Flanking Protti will be Delfina Eberly, who will lead privacy programs audit and oversight, and Vladimir Fedorov, who will lead privacy review across Facebook's product and engineering teams. Eberly was previously vice president of infrastructure while Fedorov was vice president of engineering.