Business Wall Street was set to open higher on Tuesday, bouncing back from a selloff in technology stocks a day earlier, after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth. 04 Jun 2019 09:21PM Bookmark REUTERS: Wall Street was set to open higher on Tuesday, bouncing back from a selloff in technology stocks a day earlier, after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth.St. Louis Fed President James Bullard said late on Monday that a rate cut "may be warranted soon", driving Fed funds futures to price in a 67per cent chance the central bank would reduce key short-term borrowing costs at its July policy meeting.That would provide a fillip to Wall Street, whose three main indexes have shed at least 6per cent in May following a sudden flare up in trade tensions and Washington's threat to slap tariffs on Mexican goods."There is a positive … [Read more...] about Wall St. set to open higher after Bullard boosts rate cut hopes
Google street view amazon
Amazon’s Size Is Becoming a Problem
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By Christopher Mims WSJ Sat., May 11, 2019 Amazon.com Inc. has a Facebook Inc.-size problem: It’s become such a gigantic, sprawling, powerful business that its inevitable missteps are beginning to erode trust in its products and services, good will in Washington, and its ability to achieve globe-spanning dominance. Let’s pause to reflect that the company that has made one-day shipping of tens of millions of items the industry standard is also the global leader in cloud computing services, owns the Whole Foods grocery stores (and is building a second chain), helps police departments identify criminals, is building its own air cargo fleet, has an $11 billion-a-year advertising business, is working on a plan to give everyone on Earth internet from space, has put always-on microphones in at least 1 in 10 U.S. homes, built an Oscar-winning film and TV studio from scratch, and is competing directly with UPS, FedEx, Google, Facebook, Apple, Microsoft, IBM, the … [Read more...] about Amazon’s Size Is Becoming a Problem
Amazon accused of violating kids’ privacy
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By Betsy Morris WSJ Thu., May 9, 2019 Amazon.com Inc. is improperly recording and preserving the conversations of young users through its Echo Dot Kids devices, according to a complaint to be filed with federal regulators by a coalition of privacy and child-advocacy groups. The complaint, which alleges Amazon stores the data in the cloud even after parents actively try to delete it, is one of the first to accuse the company of the sort of privacy abuses that have embroiled Facebook Inc. and Alphabet Inc.’s Google. It claims that Amazon’s practices violate federal law protecting the online privacy of kids, and calls on the Federal Trade Commission to investigate. The Wall Street Journal reviewed a draft version of the complaint, which the advocacy groups say they intend to file with the FTC on Thursday. A spokesperson for Amazon said the company is compliant with federal privacy laws and that its privacy policies are disclosed on the company’s … [Read more...] about Amazon accused of violating kids’ privacy
News Mothers know best (even when it comes to money)
MANILA -- All set to celebrate Mother’s Day this weekend? If we go by foot traffic in shopping malls, the number of gifts being wrapped in stores, lack of parking spaces near restaurants and packed tables at dining places, this special occasion is one of the most-celebrated by Filipinos of all ages. And why not? Most of us have mothers who have cared for us from the womb and continued to hold our hand whether we were toddlers, teens, in our 20s, 30s, 40s and older. As you toast the woman that shaped who you are today, take time to remember the many life lessons she has shared with you through the years. Looking back, I marvel at how my mom managed to do it all. She did not have a full-time job and instead chose to stay home to raise two daughters. She was the primary caregiver, cook, tutor, handy(wo)man, shopping companion among many more roles that I saw her perform everyday growing up. Now that I am raising two daughters, I am grateful that she has given me a strong role … [Read more...] about News Mothers know best (even when it comes to money)