Business
Facebook Reports $10.3 Billion in Revenues
Quarterly advertisement revenue has more than doubled since 2015, and is rising at more than 40 percent year over year. CEO Mark Zuckerberg claimed that focusing on security will definitely have an impact on the company's bottom line, stating that "We're serious about preventing abuse on our platforms ".
Business
National Australia Bank announces restructuring
The S&P/ASX 200 index which touched a two-and-a-half year high in early trade reversed gains to close down 0.1 per cent or 6.066 points at 5,931.7. 'We're doing that with confidence and we're investing 1.5 billion dollars more than what we normally would normally spend in the next three years.
Business
U.S. energy secy says fossil fuels can help prevent sexual assault
He said a young woman from a village told him that electricity was important to her not only because it would free her from having to read by the light of a fire with choking fumes, but also from the standpoint of sexual assault. He says fossil fuels such as oil, coal and natural gas foster economic development and jobs and are an important strategic asset for the United States.
Business
Sterling FALLS ahead of BOE interest rate meeting
The pound has responded to the first hike since July 2007 with its biggest fall against a trade-weighted basket of currencies in nearly five months. The upcoming increase in interest rates is likely to have a limited impact on British households, according to Nationwide.
Business
S&P, Dow flat ahead of Fed announcement
The US labor market "has continued to strengthen" and economic activity "has been rising at a solid rate" despite hurricane-related disruptions, the Fed's policy-making committee said in a statement released after its two-day meeting. Based on recent economic data, the gross domestic product is headed for a 4.5 percent annualized growth pace in the fourth quarter, according to the Atlanta Fed's model , called GDP Now.
Business
Facebook's Q3 earnings exceed expectations, but Russian Federation issues may harm future profit
Facebook drew 98 percent of its revenue from advertisements, as ad revenue grew 49 percent year over year. Mobile advertising revenues continue to be dominant contributor to ad revenues as it represented 88 percent of advertising revenue for the quarter, up from 84 percent past year.