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Can the US Economy Weather the Trade Wars?
Aluminum. Cars. Solar panels. It’s hard to track the tariffs without a scorecard. As headlines continue to swirl, many investors worry about the impact on the US economy. Clearly, tariffs and trade wars hurt growth, but we don’t think the impact will be big enough to derail the economy just yet. Clearly, tariffs and trade tensions are a headwind for
Mark Zuckerberg: 'If Someone's Going to Get Fired For This, it Should Be Me'
Facebook CEO and founder Mark Zuckerberg sat down with Recode's Kara Swisher for a wide-ranging podcast interview that touched on everything from his controversial comments about Holocaust deniers, how he believes breaking up Facebook could open the door for China and the recent meeting between President Trump and Vladamir Putin. Swisher's interview with Zuck, of course, also touched on the
Will the Fed Yield to the Yield Curve?
Will they or won’t they? With the U.S. yield curve flattening to new cycle lows, whether or not the Federal Reserve will stick to its planned rate-hike path is a key question – and could soon become the key question – for financial markets. It is well-known that an inverted yield curve, as measured by the spread between 3-month Libor
EU Hits Google With Record $5B Antitrust Fine Over Android Operating Abuse Claim
European antitrust regulators announced on Wednesday that it had slapped Google with a record €4.34 billion (about $5BN) fine for illegally using its Android mobile operating system to assert its search engine's dominance. Google is now required to "bring the conduct effectively to an end within 90 days or face penalty payments of up to 5% of the average daily
Amazon's 2018 Prime Day is Biggest Sales Event in Company History
As portended by the early site crash,, Inc. (NASDAQ: AMZN)’s fourth annual Prime Day marked the e-commerce site’s biggest shopping event in history. What To Know The 36-hour sale saw a record number of Prime members across 17 countries capitalize on more than 1 million deals and purchase more than 100 million products, surpassing Amazon’s Cyber Monday, Black Friday
Read Lloyd Blankfein's Farewell Memo to Goldman Sachs
As expected, David Solomon was named the new chief executive officer of Goldman Sachs on Tuesday, ending Lloyd Blankfein's 12-year run as CEO of the investment bank. As he begins his transition out of the bank, Blankfein sent a farewell memo to the Goldman staff on Tuesday. Read the full memo below. To the People of Goldman Sachs Today, our
As Amazon Prime Day Kicks Off, Jeff Bezos Becomes Richest Man in Modern History
As Amazon kicked off its 36-hour Prime Day sale on Monday - which is something in between a a normal sale and a made-up holiday sale - founder and chief executive Jeff Bezos celebrated by becoming the richest man in modern history, according to Bloomberg. Bezos' personal net worth surpassed $150 billion on Monday in New York, according to data
Reports: David Solomon Will Be Named New CEO of Goldman Sachs on Tuesday
Goldman Sachs will officially name David Solomon as its new chief executive officer on Tuesday, succeeding Lloyd Blankein, CNBC reports. The investment bank is expected to announce the changing of the guard during a conference call with its managing directors on Tuesday morning, according to sources who spoke to CNBC. Goldman is also slated to report its second-quarter earnings on
Bluefin Research Talks Trade War Impact on Nvidia, AMD
Bluefin Research recently returned from a trip to Asia to survey demand in the semiconductor industry. Analyst Paul Peterson expects suppliers to beat Wall Street estimates in the coming earnings season and announce roughly in-line guidance. “We think the uncertainty surrounding the impact on the various tariffs imposed will provide cover for suppliers to give more muted guidance despite any
Microsoft Prez Calls on Government to Regulate Facial Recognition Technology Following Public Backlash
Microsoft's president has called on the U.S. government to regulate the use of facial recognition technology, responding to the public backlash over its contract with the government to develop this controversial software. Brad Smith, Microsoft's president and chief legal officer, sought to balance the benefits and risks of computer-assisted facial recognition in a blog post published on Friday, noting that