Swiss regulator finds JPMorgan broke money-laundering rules
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RT @Lebeaucarnews: Tesla shares pop after trucker JB Hunt reserves 'multiple' semitractor-trailers https://t.co/eoFyvcVjEd https://t.co/6Dn…
Square shares rise after Evercore ISI says bitcoin test is innovative, upgrades stock https://t.co/LdcU07RJg1
Chuck Edward, head of talent acquisition at Microsoft tells CNBC Make It that each year, Microsoft hires between 15,000 and 20,000 workers externally and approximately the same number internally. "We talk about the digital transformation all the time. As all workers digitally transform, the demand for people that can support and service that continues to go up, up, up, up, up. That means the demand continues to go up, up, up for very specific skills." Microsoft is among a growing group of major companies that no longer screen out candidates that do not have college degrees. Instead, the company chooses to "screen in" candidates that may have the skills necessary to excel but not the diploma to prove it. So if you want to apply for a job at Microsoft, go for it — everyone is welcome — but that doesn't mean it's going to be a walk in the park.
The whistle-blower who revealed how Cambridge Analytica harvested Facebook Inc. user data to target election ads said the company could have shared that information with Russia. Christopher Wylie, the former director of research for Cambridge Analytica and its London-based affiliate company SCL Group, said at a Senate Judiciary Committee hearing on Wednesday that his company communicated with Russian firms and operatives that could have facilitated access to data from 87 million U.S. Facebook users. Wylie said Nix and Cambridge Analytica made presentations and sent documents to Lukoil, including a white paper about Cambridge Analytica’s data collection and online targeting of Americans. Asked outside the hearing if he’s been questioned in Special Counsel Robert Mueller’s inquiry into Russian meddling in the 2016 presidential election, Wylie replied, “All I can say is I have been contacted by the FBI.”. Nix was “quite keen” to get all kinds of contracts for Cambridge Analytica, according to Wylie. But after the company received money from Robert Mercer, a company founder and supporter of President Donald Trump’s campaign, “the only instruction we had was not to work with Democrats,” said Wylie, who worked there from 2013-2014.
BRUSSELS (Reuters) - Facebook CEO Mark Zuckerberg will meet the leaders of the European Parliament to answer questions about the improper use of millions of users' data by a political consultancy, as pressure on the company's protection of data continues. The world's largest social network has come under scrutiny over the way it handles personal data after revelations that British consultancy Cambridge Analytica, which worked on Donald Trump's 2016 presidential election campaign, improperly accessed the Facebook data of 87 million users. "The founder and CEO of Facebook has accepted our invitation and will be in Brussels as soon as possible, hopefully already next week," Antonio Tajani, president of the European Parliament, said in a statement on Wednesday. "We have accepted the Council of President's proposal to meet with leaders of the European Parliament and appreciate the opportunity for dialogue, to listen to their views and show the steps we are taking to better protect people’s privacy," a spokesman for Facebook said in Washington.
It may sound ridiculous to call Alphabet Inc (NASDAQ:GOOGL) desperate about anything, but “only the paranoid survive” in tech, as the late Intel Corporation (NASDAQ:INTC) CEO Andy Grove said. And Google has a good reason to be paranoid. Thus, the market cap of Amazon zipped past that of Alphabet in the last year. As trade opened May 15, Amazon was at $777 billion, the House of Google at only $766 billion. An internal petition protesting the decision reportedly has 4,000 names on it. But the government is going ahead, and if Google doesn’t join the resulting technology will go to the “usual suspects” – contractors like Northrup Grumman Corporation (NYSE:NOC), Lockheed Martin Corporation (NYSE:LMT), and General Dynamics Corporation (NYSE:GD). Having military applications built on Amazon’s platform could be the death knell of Google’s hopes in AI, when combined with Amazon’s existing lead in the consumer space.
Antonio Tajani said Mr Zuckerberg would meet leaders of political groupings and the chairman of the parliament’s civil liberties committee in Brussels “as soon as possible” – maybe as early as next week. The billionaire social media tycoon has resisted repeated requests from the UK Parliament to answer MPs’ questions in person, despite a warning from the chairman of the Commons Culture Committee Damian Collins that he could issue a summons requiring Zuckerberg’s attendance next time he is in the UK. Both parliaments want to question Mr Zuckerberg about the alleged use of Facebook users’ personal information to target political adverts in campaigns including the Brexit referendum. Mr Zuckerberg’s meeting with European Parliament group leaders will be held behind closed doors. But members of the civil liberties committee will have an opportunity a few weeks later for in-depth questions on issues of personal data protection in a public hearing with representatives of Facebook and other companies.
Tech stocks are hot as a pistol again. And Apple Inc. (NASDAQ:AAPL) is leading the charge with a moonshot to record highs. In recent days, cooler heads have prevailed for AAPL stock lovers as profit-taking has taken root and overbought conditions have eased. But don’t bet on a big dip. First up is $183.50, which was Apple’s previous peak. For the breakout to remain pure, remaining above the old ceiling is a must. And yet, with the stock having pole-vaulted almost $30 higher on its last upswing, it’s hard to be mad if it ends up pulling back more than $7 because that would still be a shallow retracement. If $183.50 gives way, then $179 marks the next potential buy zone. The post The Apple Inc Price Drop Is a Ruse – Buy It!
Berkshire doubles Teva stake, adds to Apple, ends a newspaper bet. ((Corrects ninth paragraph in May 15 article because of data error, and to show that Berkshire Hathaway is Apple's third-largest shareholder, trailing Vanguard Group and BlackRock, not its second-large). (Reuters) - Warren Buffett's Berkshire Hathaway Inc <BRKa.N> on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd <TEVA.TA>, and confirmed it has become Apple Inc's <AAPL.O> second-largest shareholder. Berkshire also shed an investment dating to the mid-1970s that reflected Buffett's longstanding love for newspapers, selling its stake in Graham Holdings Co <GHC.N>, the former publisher of the Washington Post.
Facebook's Zuckerberg to talk to EU parliament on privacy. BRUSSELS (AP) — Facebook CEO Mark Zuckerberg has accepted to visit the European Parliament to explain his company's recent privacy issues and allegations that it misused personal data. Parliament President Antonio Tajani said that Zuckerberg "will be in Brussels as soon as possible, hopefully already next week" and would meet with parliamentary leaders and experts on civil liberties and justice. Zuckerberg's visit next week comes as an aggressive new European data protection law comes into effect that will give Facebook's millions of European users more control over what companies can do with what they post, search and click.
Here, BT has a clear advantage as the incumbent (and up until the ’80s the state-run monopoly), and can draw on this to demonstrate that it’s a safe bet for the average user, being the only provider with the size, scale and money to bring together its converged network and customer services vision and wrap it together with lots of nice little perks, such as free 4G Wi-Fi routers if your broadband goes down, or access to Amazon exclusives such as The Grand Tour. No argument there. But what struck me at today’s press conference was that BT made scant mention of full-fibre, or Openreach’s pivot towards the so-called gold standard of broadband. But then, I wondered, why would it need to? Clever BT has decided that this sort of thing is what consumers want, and in many ways it’s got that right. If the tone of coverage in the mainstream press is anything to go by, this strategy will work out well for it and I expect its customer acquisitions will duly spike a little in the next few months. Sure, you can pay an altnet for an ultrafast connection and it’ll be great, no question, but after that you’re on your own. And let’s be frank here, nobody else building pure full-fibre networks in this country really has a hope of being able to afford Premier League football rights, or to tie-up with content producers like Amazon and Netflix.