Business

Tumblr has long housed some of the most self-expressive, marginalized communities of the internet. The site welcomed LGTBQ and sex-positive bloggers, artists and creators, self-proclaimed nerds and those in need of support. Now, with a strict and poorly executed ban on adult content, Tumblr is alienating power users and pushing some to other sites. The
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A Santa Claus rally, which would begin on Monday, is a very specific event: the tendency for the market to rise in the last five trading days of the year and the first two of the new year, good for an average gain of 1.3% in the S&P since 1950, according to the Stock Trader’s
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As Christmas fast approaches, children around the world are anxiously anticipating the arrival of Santa Claus. Now, those children lucky enough to have parents who drive Chevrolets will be able to track his deliveries through General Motors’ OnStar information and communication system. The automaker is getting in on a decades-old tradition started by the North
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To become one of the dominant digital advertising platforms, Facebook used the data of its members to create hyper-specific categories so marketers could get close to their most valued customers. That same targeting technology presented a gold mine for Russians over the past five years in their efforts to influence American voters. In a report
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Renault’s top executive has written a letter to Nissan urging a shareholder meeting, The Wall Street Journal reported on Sunday, citing the arrest of Carlos Ghosn in Tokyo last month as a “significant risk” to the car makers’ partnership. Ghosn was apprehended in November on suspicions of underreporting income and misusing company funds. The Journal
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During his three and a half hours in the Congressional hot seat earlier last week, Google CEO Sundar Pichai managed to play it cool. He was well-rehearsed and responded to questions evenly, with patience and without the provocativeness or peculiarities characteristic of previous Google CEOs Eric Schmidt or Larry Page. Still, the hearing disappointed many
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President Donald Trump late Friday applauded a federal judge’s ruling in Texas that ruled former President Barack Obama’s signature health-care law was unconstitutional, and called on Congress to replace the current mandate with a new bill. U.S. District Court Judge Reed O’Connor of Texas issued the decision, declaring that key portions of the legislation were
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China on Friday reported industrial output and retail sales growth for the month of November that missed expectations, data from the National Bureau of Statistics showed. Industrial output in November grew 5.4 percent from a year ago, lower than the 5.9 percent analysts in a Reuters poll predicted. That figure was 5.9 percent in October.
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Jonathan Bush, founder and former CEO of health information technology Athenahealth, defended himself in an interview with CNBC on Wednesday and blasted Elliott Management, the activist investment firm that took a stake in his company and eventually bought it after Bush stepped down from the company. “My experience is running a company with a gun
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In this market, investors should opt for individual stocks instead of exchange-traded funds, which often lump together shares of companies with conflicting trajectories, CNBC’s Jim Cramer said Tuesday after a turbulent trading session. Using the technology sector as an example, the “Mad Money” host outlined the crosscurrents making the group particularly “complicated.” Apple’s stock has
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Too many different regulations are hampering companies’ ability to deal with cyberattacks, said Goldman Sachs‘ chief information security officer Tuesday. “What’s frustrating for me is how much of my time, my team’s time and my resources are spent on having to answer a never-ending stream of regulator requests,” said Andy Ozment. “In my mind, it’s
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For investors scouring the increasingly volatile stock market in search of good investments, CNBC’s Jim Cramer suggested an under-the-radar name on Monday: Zuora Inc. “[CEO] Tien Tzuo delivered a good number,” in late November, Cramer, host of “Mad Money,” told a lightning round caller. “It’s just that this stock is just violently out of favor.”
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Google just revealed its vision for a massive development in its home city of Mountain View, California, outlining plans for a combination of office, retail, public and residential space. The documents, published late Friday, center on the North Bayshore area of Mountain View, and include 3.12 million square feet of new and redeveloped offices, up
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When the stock market sells off, CNBC’s Jim Cramer always advises searching for stocks that have been dragged down with the broader market despite the strength of their underlying businesses. The last time the market endured a major sell-off, those stocks ended up being the “cloud kings,” Cramer’s group of top-quality plays in the cloud-computing
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