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The Yield Curve Just Inverted for the First Time in Years. Time to Reconsider Risk?
One of the most reliable indicators of an economic slowdown just flashed a warning sign this week. On Monday, the yield curve between the five-year Treasury yield and three-year Treasury yield inverted, or turned negative, for the first time since 2007. What this means is the shorter-maturity bond now pays more than the longer-maturity bond, suggesting investors believe the government
Facebook Considered Selling User Data Several Years Ago
When he testified at a Congressional hearing in April, Facebook CEO Mark Zuckerberg was adamant about how the social network handles its vast trove of user data: “I can’t be clearer on this topic: We don’t sell data," he said. However, a massive aggregation of internal correspondence published online by a U.K. parliamentary committee on Wednesday paints a murkier picture
Amazon Prime Health is Coming, According to an Early Investor
John Doerr, an early investor in both Google and Amazon, believes Jeff Bezos’s company will offer a “Prime Health” for medical and health products, Christina Farr reports at CNBC.com. Doerr remains close with the Amazon founder, and didn’t mind speculating on where Bezos might take his company next. “Imagine what it’s going to be like when he rolls out Prime
Does Apple Have a Demand Problem? Reports of New Marketing Campaigns Has Some Concerned
Apple Inc. (NASDAQ: AAPL) is reportedly shifting its marketing plans to help boost sales of its flagship iPhone product, according to Bloomberg. What Happened Sources close to the matter told Bloomberg Apple asked some of its marketing staff members to stop working on current projects and to focus instead on supporting sales of its newest handsets. The move may be
Quora Says About 100 Million Users Could Be Affected By Security Breach
.Quora said in an email to users and in a blog post by CEO Adam D’Angelo that about 100 million users may have been affected by a security breach that occurred on Nov. 30. D'Angelo indicated that the investigation into the incident is still ongoing and the responsible party has yet to be identified. Its internal security team is working with
SoftBank Will Forego IPO Price Range For Next Month's Offering
SoftBank has set an indicative share price of 1,500 yen for the initial public offering of its domestic telecom unit, becoming the first company in Japan to forego an IPO, as Reuters reports. That indicative share price could make the public offering worth 2.4 trillion yen ($21.16 billion), which would be one of the largest IPOs ever. Alibaba Group currently
EU to Review New Digital Tax Plan From France, Germany
Last month, the European Union announced the collapse of its plans to tax internet and tech giants like Alphabet Inc.’s (NASDAQ: GOOGL) Google and Facebook, Inc. (NASDAQ: FB). The alternative included specific national initiatives. Advancements within the negotiations are slated to be discussed this week, according to a new report. What Happened Paris and Berlin are set to present a
UBS Economist: Cryptocurrencies Are 'Fatally Flawed'
It's often said that you should never kick people when they're down, but does that same general rule of decency apply to cryptocurrencies? Apparently it doesn't, at least if you're UBS Wealth Management's global chief economist Paul Donovan. Even when Bitcoin was soaring toward record highs a year ago this month, Donovan remained skeptical, telling CNBC at the time that
SEC Charges DJ Khaled, Floyd Mayweather Jr. With Illegally Promoting ICOs
The Securities and Exchange Commission charged music producer DJ Khaled (real name Khaled Khaled) and boxing champ Floyd Mayweather Jr. with failing to disclose payments they received for promoting investments in a series of initial coin offerings (ICOs). Mayweather agreed to pay $300,000 in disgorgement, a $300,000 penalty, and $14,775 in prejudgment interest. Khaled agreed to pay $50,000 in disgorgement,
What You Need to Know About Marriott's Starwood Data Breach
Hotel chain Marriott International Inc (NASDAQ: MAR) confirmed Friday it has been a victim of a data security breach involving its Starwood guest reservation database. What Happened Marriott said in a regulatory filing it first became aware of a potential data breach Sept. 8, when an internal security tool flagged an attempt to access the reservation database. After tasking external