5d ago
       

Dow plunges another 500 points, massive sell-off extends into 2nd day

The recent rise in interest rates, while not sudden, is adding to investors anxiety about the markets, Mike Matousek, head trader at U. S. Global Investors, told ABC News. The Associated Press Ryan Falvey The Associated Press Gregory Rowe Innes, the Singapore-based head of Head of Trading for Asia Pacific with OANDA, attributed the slide to a combination of factors, including the possibility further interest rate hikes and the battle over tariffs between the U. S. and China. Asia stock indexes added to the global market's pain on Thursday, with benchmarks in Shanghai, Shenzhen and Tokyo all skidding between 4 and 5 percent.
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6d ago
       

Dow Jones sinks as bond yields rise

The losses were widespread, and stocks that have been the biggest winners on the market the last few years, including technology companies and retailers, suffered steep declines. Alec Young, managing director of global markets research at FTSE Russell, said investors fear that rising interest rates and growing expenses are going to erode company profits next year. Technology and internet-based companies are known for their high profit margins, and many have reported explosive growth in recent years, with corresponding gains in their stock prices.
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1w ago
       

Marketing officer explains how a frozen dessert caught fire

Q. Why did you think the time was right for mochi ice cream?We came out with My/Mo mochi ice cream, which is a full dairy experience. So a few months ago we launched our My/Mo ice cream with mochi bits.
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2w ago
       

Here today, ghosting tomorrow _ workers just disappear

He'd been ghosted: The receptionist ended the work relationship in much the same way many people end romantic associations, without a text, email, or call. Bret Bonnet was ghosted on what would have been an employee's first day of work, just hours after the would-be staffer texted him, "See you tomorrow, boss man!"Chris Yoko recalls a staffer at his website design company who telecommuted, missed a deadline and turned in incomplete work a few days later.
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2w ago
       

US-Canada trade deal may mean higher car prices

The U. S. and Canada squeezed out a last-minute deal to revamp the North American Free Trade Agreement with a pact expected to affect prices on cars and dairy products across North America and allowing President Trump to deliver on one of his go-to campaign promises. ABC News, Office of the U. S. Trade Representative, AFL-CIO USMCA: What's New In addition, 75 percent of auto parts now need to come from one of the three countries to stay duty-free, according to the agreement. Sean Kilpatrick/The Canadian Press via AP Canadian Prime Minister Justin Trudeau, left, and Minister of Foreign Affairs Chrystia Freeland hold a news conference regarding the United States Mexico Canada Agreement (USMCA) at the National Press Theatre, in Ottawa, Ontario, Oct. 1, 2018.
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2w ago
       

Instagram names Facebook veteran as new CEO

Instagram appointed Facebook veteran Adam Mosseri as the new head of Instagram, the company announced on Monday. "We are pleased to announce that Adam Mosseri, our current Vice President of Product, will become the Head of Instagram starting today. "In his role leading Instagram, Adam will oversee all functions of the business and will recruit a new executive team including a head of engineering, head of product and head of operations," Systrom and Krieger wrote in the post.
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3w ago
       

Attack exposing personal info could affect as many as 90 million: Facebook

Facebook has found a security “issue” in its "View As" feature that led to an attack on almost 50 million accounts and potentially affecting as many as 90 million users in total, the social media giant announced Friday. About 90 million Facebook users who keep the site open on their browsers or mobile phone apps were prompted to log in again on Friday morning as a result of the discovery, the company said. On Monday night, the CEO and CTO of Instagram quit abruptly, taking the company and Wall Street by surprise, amid reported tensions with Facebook CEO and chairman Mark Zuckerberg.
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3w ago
       

SEC sues Tesla CEO Elon Musk for 'misleading' tweet

Stephanie Avakian, co-director of the SEC's enforcement division said Musk's tweet "lacked any basis in fact" and caused both the stock price and trading volume of Tesla to surge based on false information. Musk “falsely indicated that, should he so choose, it was virtually certain that he could take Tesla private at a purchase price that reflected a substantial premium over Tesla stock’s then-current share price” and “that funding for this multi-billion dollar transaction had been secured,” the SEC charged. "Musk’s false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla’s stock and resulting harm to investors," the SEC said in its suit, adding that Musk engaged in "manipulative and deceptive practices. "
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3w ago
       

Lyft wants to pay users to give up their cars

Car owners across the United States will have the opportunity to register for “Ditch Your Car” to receive credits for Lyft, bike shares, rental cars and public transportation. John Zimmer, Lyft's co-founder and president, joined ABC News’ Rebecca Jarvis to discuss the new initiative plus his vision for the company, autonomous vehicles and whether the company will go public. Depending on the city, participants can receive a $300 Lyft shared ride credit, $45 bike share credit, $100 rental car credit or a $105 monthly pass for public transportation.
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3w ago
       

'Weed nuns' put faith in the healing powers, and profits, of cannabis

The Sisters of the Valley, a group of self-styled "weed nuns," are putting their faith in the healing power of cannabis. ABC News The Sisters of the Valley grow cannabis in Northern California farm country. ABC News The Sisters of the Valley top seller is a tropical salve that soothes achy joints.
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