Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
Mobile app downloads of Facebook and Facebook-owned Instagram are down a combined 13% year over year, a Bank of America analysis found. The download numbers, based on SensorTower data, are tracking down 3% in the third quarter of 2019 compared with last quarter, the analysts wrote.
Instagram downloads fared slightly better than Facebook's, down 9% year over year versus 15% so far in the third quarter. Instagram numbers are still tracking down more than during the same time during the third quarter in 2018, according to the report. Mobile app downloads of the Facebook-owned app were down just 4% year over year at the time. Compared with last quarter, Instagram app downloads are tracking up 4%, BofA analysts wrote.
The trend marks a significant shift in download numbers for both apps. Last year, mobile app downloads of Facebook were up 3% year over year during the same point in the third quarter, according to the report. Download numbers for Facebook's mobile app are tracking down 8% quarter over quarter, the analysts wrote.
Facebook shares were slightly down Monday.
Although the report did not identify why Facebook and Instagram downloads are declining, Facebook has faced consumer backlash following the Cambridge Analytica scandal that revealed user data obtained without explicit consent on Facebook's platform was accessed by a political data analytics company. But it was unclear if the movement had any real impact on Facebook's business, which has continued to grow.
Other social media apps are not facing the same slump as Facebook's apps so far in the quarter, according to the report. Twitter, Snap and Pinterest all saw increased downloads so far in the third quarter of 2019, the analysts wrote.