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The Latest: Twitter to meet with Senate investigators
The Latest on President Donald Trump and the Russia probe (all times local): 11:50 p.m.
BlackRock's Rieder: Investors should expect ECB taper 'early next year'
NEW YORK, Sept 20 (Reuters) - BlackRock Inc
portfolio manager Rick Rieder said on Wednesday on Twitter that
investors should "look for tapering" from the European Central
Bank following an announcement by the U.S. Federal Reserve that
it would reduce its own balance sheet.
Saudi Arabia to lift ban on internet calls
Saudi Arabia will lift a ban on internet phone calls, a government spokesman said, part of efforts to attract more business to the country. All online voice and video call services such as Microsoft's Skype and Facebook's WhatsApp that satisfy regulatory requirements will become accessible at midnight, Adel Abu Hameed, spokesman for the telecoms regulator CITC said on Twitter on Wednesday.
Former Google CFO joins Twitter board, PepsiCo exec to depart
Former Google Inc. Chief Financial Officer Patrick Pichette is joining the board of Twitter Inc. , as PepsiCo Inc. CFO Hugh Johnston leaves to join the board of Microsoft Corp. . Pichette resigned from Google in 2015 after serving as CFO of the web giant for nearly seven years, and will join as an independent director on Dec. 1 for a two-year term. "After taking a two-year sabbatical to spend time with my wife and travel the world, I'm excited to join the Twitter Board and help the company advance its mission," Pichette said in the announcement. Johnston will step down Oct. 1, and explained in Tuesday's announcement that PepsiCo policies limit the number of boards he can join, so his appointment at Microsoft means he must step down at Twitter. After the changes take place, Twitter will have a nine-person board of directors. Twitter shares added 0.6% in late trading, after closing with a 0.9% gain at $17.76.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Nestle to acquire majority interest in Blue Bottle Coffee
Nestle SA has agreed to acquire a majority interest in coffee startup Blue Bottle Coffee, an Oakland, California-based chain of coffee shops that had attracted big-name venture investors. Nestle did not provide financial details in announcing the deal, but The Financial Times reported that the company is paying up to $500 million for two-thirds of the company, valuing it at about $700 million. "This move underlines Nestlé's focus on investing in high-growth categories and acting on consumer trends," Nestle Chief Executive Mark Schneider said in the announcement. Nestle said it would continue to run Blue Bottle as a separate company, keeping management like Chief Executive Brian Meehan and Chief Product Officer James Freeman in place. "To us, this deal brings with it an attendant recognition and belief in our accomplishments," Meehan and Freeman said in a blog post. The coffee chain, founded in 2002, had attracted more than $120 million in venture investment from the likes of Alphabet Inc.'s Google Ventures, Chris Sacca of "Shark Tank" and Twitter Inc. cofounder Ev Williams, according to Crunchbase. Nestle stock closed with a 0.1% decline on the Swiss exchange, while its ADR was trading about 0.4% lower Thursday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Trump says he's 'fairly close' to deal with lawmakers on DACA
President Donald Trump said Thursday morning he's "fairly close" to a deal on reforming an Obama-era immigration program known as the Deferred Action for Childhood Arrivals, or DACA. Departing for Florida, he told reporters that a deal must have "massive border security" but a border wall would come later. Earlier Thursday, Trump said on Twitter that deporting young undocumented immigrants was unrealistic and insisted a wall would be built. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
ESPN anchor's Trump comments a 'fireable offense,' says White House's Sanders
Comments made on Twitter by an ESPN anchor against President Donald Trump are "outrageous" and a "fireable offense," White House press secretary Sarah Huckabee Sanders said Wednesday. Sanders was addressing comments by Jemele Hill, who called Trump a "white supremacist." The Disney -owned network on Tuesday issued a statement saying the comments by Hill, who is African-American, "do not represent" ESPN's position. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Two-thirds of American adults get news from social media -survey
About two-thirds of American adults are getting "at least some of their news on social media" with two-in-ten doing so often, according to a Pew Research Center survey this week. About 67 percent of American adults somewhat rely on social media platforms such as Facebook Inc (FB), Twitter Inc (TWTR) and Snapchat for news, the survey showed, compared with 62 percent in 2016.
Apple confirms expected iPhone event at 'Steve Jobs Theater'
Apple Inc. invited media members Thursday to its new campus and theater named after co-founder Steve Jobs for a Sept. 12 event that is expected to include the introduction of a highly anticipated new iPhone, according to multiple media reports. "Let's meet at our place," the invitation, shared on Twitter by multiple reporters, reads. "Please join us for the first ever event at the new Steve Jobs Theater in Cupertino." The Steve Jobs Theater is part of Apple's new "Spaceship" campus that will be the new headquarters for the world's most valuable company. At the event, Apple is expected to introduce new iPhones on the tenth anniversary of the introduction of the original iconic Apple smartphone. Most anticipation focuses on a new, super-premium version of the phone that is expected to cost $1,000. Apple is also rumored to be planning the launch of a cellular-connected smartwatch and a new Apple TV device. Apple stock has reached record highs as the event approaches, increasing 10.5% in the past month as the S&P 500 index fell 0.5%. Shares increased slightly after Thursday's announcement, and were trading about 0.3% higher for the day.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Trump says U.S. should start 'termination process' to get better Nafta deal
President Donald Trump said Monday the U.S. would probably have to start "the termination process" of the North American Free Trade Agreement in order to get what he called a good deal. Speaking to reporters during a White House news conference, Trump said Mexico has been "very difficult" during re-negotiation talks that include the U.S. and Canada. Trump made a similar comment about possibly terminating the deal on Twitter on Sunday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
#HappyBirthday: Quintessential Twitter Feature Turns Ten
Originally envisioned as a method of organization, the hashtag has gone from an obscure idea to indelible part of our communication landscape.
Barcelona terror suspect arrested: report
A man suspected of mowing down pedestrians in Barcelona last week in a terrorist attack has been arrested, according to a Spanish media report Monday. The Catalonian police force detained Younes Abouyaaqoub on Monday afternoon, according to La Vanguardia newspaper. Abouyaaqoub was named earlier by Spanish officials as the man suspected of driving a van down Barcelona's busy Las Ramblas street last Thursday, killing 15 people and leaving at least 100 injured. Separately, Catalonian police said on Twitter a man who appeared to be wearing an explosive vest in Subirats, a suburb west of Barcelona, has been shot. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Is This Why Twitter Will Never Ban Trump?
The Tweeter in Chief is far too important to the beleaguered microblogging platform.
Hackers Briefly Take Over HBO Twitter Accounts
Although the damage appeared limited to a few taunting posts, it came after a string of deeper, but apparently unrelated, breaches.
Twitter latest to sent white-supremacist Daily Stormer site packing
The Twitter account of the white-supremacist website the Daily Stormer is no longer on Twitter Inc. after the social-media platform apparently suspended it for violating its policies. Twitter said it is not able to comment on individual accounts, but the account is listed as suspended on the platform. "The Twitter Rules prohibit violent threats, harassment, hateful conduct, and multiple account abuse, and we will take action on accounts violating those policies," a Twitter spokesperson said in response to a MarketWatch inquiry on the account. The suspension comes after the site was banned from the domain-registry company GoDaddy and Alphabet Inc.'s Google , which reportedly led the site to re-register under a Russian domain name. Facebook Inc. took down an event page related to the white-supremacy march in Charlottesville, Va.,. and also said it was removing links related to a Daily Stormer post that demeaned Heather Heyer, a counterprotester who was killed in Charlottesville, according to the Guardian.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Trump Ends C.E.O. Advisory Councils as Main Group Acts to Disband
The president announced via Twitter that he would end the councils following a decision by his Strategic and Policy Forum to disband.
U.N. chief Guterres condemns racism, xenophobia - Twitter post
United Nations Secretary General Antonio Guterres on Tuesday said that "Racism, xenophobia, anti-Semitism, Islamophobia" were "poisoning our societies," after violence erupted between left- and right-wing groups in Virginia following a white supremacist rally on Saturday. "We must stand up against them.
When the Commander in Chief clashes with chief executives
The CEOs of athletic wear manufacturer Under Armour and pharmaceutical company Merck resigned Monday from the White House's American Manufacturing Council — with the Merck withdrawal drawing a quick and angry Twitter outburst from President Donald Trump.
Fourth leader steps down from Trump's manufacturing council
A fourth individual stepped down from President Donald Trump's manufacturing advisory council on Tuesday in the wake of his response to violence in Charlottesville, Va. The latest to exit is Scott Paul, head of the Alliance for American Manufacturing, a partnership between manufacturers and the United Steelworkers union. Paul said on Twitter it was "the right thing for him to do." He joins the chief executives of Merck & Co. , Intel Corp. and Under Armour Inc. in quitting the council. Trump said in a tweet shortly before Paul's that he has "many" CEOs to replace those who leave. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Jeffrey Lord, Trump Defender on CNN, Is Fired for Using Nazi Slogan
Mr. Lord, a CNN contributor and stalwart Trump loyalist, was abruptly fired after posting “Sieg Heil” on Twitter in a heated exchange with the president of a media watchdog site.
CNN fires Jeffrey Lord over what it calls a 'Nazi salute'
Jeffrey Lord, a prominent supporter of President Donald Trump, has been fired from CNN after tweeting "Sieg Heil" at a liberal activist. "Nazi salutes are indefensible," the network said in a statement. Angelo Carusone of Media Matters for America had criticized Lord and asked "why do you expect anyone to take you seriously when you don't take yourself seriously," when Lord responded with the German victory salute. In the Twitter thread, Lord said he opposed Nazis and fascists.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Artist targets Twitter with offline hate tweets
BERLIN, Aug 8 (Reuters) - A German-Israeli artist who
accuses Twitter of failing to delete hate speech tweets
has taken matters into his own hands - by stencilling the
offending messages on the road in front of the company's Hamburg
FedEx tracking system sputters, spurring customer complaints
FedEx customers complain on Twitter that delivery company's tracking system isn't working
Twitter and Facebook target prices raised at MKM Partners
MKM Partners raised its price targets on Facebook Inc. and Twitter Inc. Monday, as Twitter becomes more "interesting" and Facebook appears poised for more growth. Rob Sanderson, the lead analyst on both notes, raised his Facebook price target to $200 from $180, citing management's softened tone on growth deceleration in the second half of the year, which makes Sanderson believe that company's planned ad load deceleration will not have as big of an impact. The commentary around deceleration also likely lowered Facebook's valuation, making the stock more attractive now, he said. Additionally, Facebook is facing a lower tax rate than expected at 13% rather than 19%, which should boost its earnings. Sanderson reiterated a buy rating. On Twitter, Sanderson said he believes user engagement is improving and the network remains "important and differentiated." And with its falling stock price, Sanderson says now could be a good time to jump in, particularly if Twitter does successfully complete a turnaround. However, he notes that he is not "confident" in that turnaround. He reiterated a neutral rating on Twitter. Shares of Facebook were up 1.2% Monday, while Twitter shares were relatively flat. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Martin Shkreli apparently back on Twitter as jury deliberations continue
'Pharmacy Bro' Martin Shkreli seems to be back on Twitter, and back on the attack
Square beats expectations on higher transactions
Payments company Square Inc (SQ), reported a better-than-expected 26 percent jump in quarterly revenue on Wednesday, as larger businesses used its technology to process transactions and it expanded the range of financial products it offers. The San Francisco-based company, led by Twitter Inc Chief Executive Jack Dorsey, posted a loss of 4 cents per share on revenue of $551.51 million.
Square revenue beats estimates on higher transactions
(Reuters) - Square Inc , the payments company co-founded by Twitter Inc Chief Executive Jack Dorsey, reported a better-than-expected 26 percent jump in quarterly revenue, as customers processed more transactions through its technology.
HBO urges critics of slavery drama to hold fire after Twitter outcry
LOS ANGELES, July 31 (Reuters) - Cable channel HBO urged
critics of its planned slavery-themed drama "Confederate" to
reserve judgment until the show develops further, in response to
an intense social media campaign demanding that the project be
Twitter Become Takeover Target, Again
Stock market opens at all-time intraday highs
U.S. stock-index benchmarks on Thursday jumped to records at the open, supported by the latest round of upbeat corporate results. Most recently Facebook Inc. reported second-quarter results late-Wednesday that beat expectations, helping it approach a market value of $500 million. Enthusiasm around Facebook helped to lift the broader technology industry . The Dow Jones Industrial Average rose to an all-time intraday high and was most recently up 0.2% at 21,763, the S&P 500 index climbed 0.2% at 2,481, while the tech-laden Nasdaq Composite Index rose 0.5% at 6,453. Separately, Twitter Inc. shares were plunging after it reported lackluster user growth in its recent quarterly report. Shares of the microblogging platform were down about 13%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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