Facebook Vice President David Marcus is the face of the company’s Libra digital currency, but the original driving force was a 26-year-old female engineer named Morgan Beller. Source: Facebook On February 12, 2018, Silicon Valley investor and cryptocurrency technologist Howard Wu was invited to Facebook headquarters in Menlo Park to discuss the implications, opportunities and
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Workiva: “There are now so many cloud-based mobile companies that I have to take a breather and do work on this.” Tegna: “I don’t really want to get bigger in the entertainment business, TV business, at this very moment.” Neptune Wellness Solutions: “Another one I have to do work on. Why? Because it’s a supplement
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Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can afford to be patient as long as the economy holds up. Speaking just 12 days before the Fed is expected to ease monetary policy, Rosengren said he
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The “Fast Money ” traders shared their first moves for the market open. Steve Grasso was a buyer of Zoetis. Karen Finerman was a buyer of Red Robin. Dan Nathan was a seller of Microsoft.  Guy Adami was a buyer of Newmont Goldcorp. Disclosure Trader disclosure: Steve Grasso is long stock AAPL, BHC, CAR, EVGN, GE,
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Credit card issuer American Express beat analysts’ estimates for quarterly profit on Friday, as a healthy U.S. economy fueled higher spending by its customers. Customer spending rose 7% in the United States, the company’s biggest market, and 5% globally in the second quarter. U.S. consumer spending increased in May and April. Debit and credit card purchase volumes
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Companies are moving their supply chains out of China instead of waiting for a resolution of the trade war between Washington and Beijing, BlackRock Chairman and CEO Larry Fink told CNBC on Friday. “We’re hearing from CEOs that more and more supply chains are moving out of China right now, ” Fink said on “Squawk
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Larry Fink Anjali Sundaram | CNBC BlackRock, the world’s largest asset manager, missed analysts’ estimates for quarterly profit on Friday, as investment advisory and securities lending revenue fell and costs rose. Its institutional funds added $87.36 billion in the second quarter, up from $29.12 billion in the first quarter. Investors poured more money into BlackRock’s actively
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Shares in French advertising conglomerate Publicis slumped after the group cut its 2019 revenue growth guidance. Late Thursday, the company reported lower-than-expected revenue for the second-quarter of 2019. Shares of Publicis plunged 8.5% to their lowest level since December 2012 in early trading on Friday. The company posted organic growth of 0.1% against analyst expectations
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European stocks opened higher on Friday as market players increase their bets the U.S. Federal Reserve will cut interest rates this month. The pan-European Stoxx 600 was up by 0.5% after the opening bell, food and beverage stocks leading the way with a 1% climb as all sectors traded in positive territory. European Markets: FTSE,
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