Business

CBS News
March 26, 2018 - 2:04 pm
(CBS News) - Technology companies led a sharp rebound for U.S. stocks on Monday as the market made up some of its huge losses from last week. Investors drew encouragement from signs that the U.S. and China are open to negotiating to avert a potential trade dispute. All three major U.S. stock...
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CBS News
March 25, 2018 - 4:14 am
CHICAGO -- It's a scandal of privacy, politics and an essential ingredient of business success -- public trust. Facebook is confronting a costly, embarrassing public relations debacle after revelations that Cambridge Analytica may have misused data from some 50 million users to try to influence...
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USA Today
March 23, 2018 - 11:47 am
LOS ANGELES (CBSLA/AP) — Elon Musk is lending his considerable social media voice to the “#DeleteFacebook” campaign. The SpaceX and Tesla founder deleted the Facebook pages for both companies in an apparent response to mounting criticism of the platform’s partnership with Cambridge Analytica. The...
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CBS News
March 22, 2018 - 1:50 pm
(CBS News) - U.S. stocks fell sharply on Thursday after President Donald Trump announced new tariffs on Chinese goods. President Trump signed a memorandum directing the U.S. Trade Representative to impose an estimated $50 billion in tariffs on China, which will take at least 45 days. Investors have...
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CBS News
March 22, 2018 - 1:21 pm
(CBS News) - Wired editor-in-chief Nicholas Thompson has covered Facebook and its CEO Mark Zuckerberg extensively. For its March issue, the magazine featured a bloodied and bruised Zuckerberg on its cover along with a lengthy piece that goes inside the social media giant's effort to fix everything...
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Dreamstime
March 21, 2018 - 1:06 pm
WASHINGTON - The Federal Reserve is raising its benchmark interest rate and signaling that it is sticking with a gradual approach to rate hikes under its new chairman, Jerome Powell. The Fed is boosting its key short-term rate by a modest quarter-point to a still-low range of 1.5 percent to 1.75...
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Dreamstime
March 19, 2018 - 10:23 am
CBS News) - Facebook shares fell more than 5 percent in early trading amid controversy over how Cambridge Analytica, which was hired by President Trump's 2016 campaign, was able to harvest personal data from more than 50 million Facebook users. The stock slid $9.69, or 5.2 percent, to $175.62...
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Qualcomm
March 14, 2018 - 10:40 am
SAN DIEGO (CNS) - Singapore-based chip maker Broadcom announced Wednesday that it has officially withdrawn its offer to buy San Diego-based Qualcomm, two days after President Donald Trump issued an executive order blocking the proposed takeover, citing national security concerns. Federal regulators...
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CBS News
March 06, 2018 - 2:59 pm
(CBS News) - Top White House economic adviser Gary Cohn is resigning from the White House, after speculation that he might depart after a losing battle to keep President Trump from announcing new trade tariffs. Cohn had urged the president against imposing steep tariffs on steel and aluminum, which...
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March 01, 2018 - 12:01 pm
(CBS News) - U.S. stocks took a beating in afternoon trading on Thursday after President Donald Trump announced stiff new tariffs on steel and aluminum imports. The Dow Jones industrial average dropped more than 500 points, or 2 percent, to 24,498. The S&P 500 and Nasdaq composite index also...
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