Headlines 

The Mysterious Twitter User Drawing a Swarm of Japan Traders

On a day when billions in profits and losses would be determined by split-second trades, the salaried professionals of Japan’s financial markets were glued to their news terminals. Another group was staring at the feed of an anonymous Twitter account. It was shortly after noon on Jan. 29, 2016, and people with money at stake were waiting for the Bank of Japan to announce its monetary policy. While the decision’s date is set in advance, nobody knows its timing. “It’s a negative interest rate bazooka!” gushed in reply. “The profits I…

Read More
Headlines 

Senator Calls Trumps Denial of Shithole Comment Not True

A key Democratic senator who was at the Oval Office meeting on immigration said President Donald Trump’s denial that he called Haiti and African nations “shithole countries” is “not true” and that Trump made the “vile and racist” comments. “He said things which were hate-filled, vile and racist,” Senator Dick Durbin, of Illinois, who was at the meeting, told reporters Friday morning. “I cannot believe that in the history of the White House, in that oval office, any president has ever spoken the words that I personally heard our president…

Read More
Headlines 

Saudi Arabia Arrests 11 Princes Protesting Over Bills, Report Says

Saudi authorities made a fresh round of arrests of royal-family members as a group of princes staged a palace protest in the capital over the non-payment of their electricity and water bills. Security services on Thursday arrested the 11 princes after they refused to leave Qasr Al-Hokm in Riyadh, Saudi Arabia’s Attorney General, Sheikh Saud Al Mojeb, said in an emailed statement. The princes, who objected to a decree that ordered the state to stop paying their utility bills, will be held at al-Ha’er prison pending their trial, Al Mojeb said. “No…

Read More
Headlines 

Theresa May’s Infrastructure Czar Quits, Lashing Out at Brexit

Andrew Adonis quit as Theresa May’s infrastructure czar, but not before delivering a blistering verdict on the Brexit policy being pursued by the U.K. prime minister and her Conservative Party. The Labour peer and former transport secretary described Brexit as a “populist and nationalist spasm worthy of Donald Trump” in a unexpectedly quit, depriving her of a key figure in dealing with EU negotiators. And now, days from the end of the year, Adonis is departing with an excoriating verdict on the country’s direction. “Brexit is causing a nervous breakdown across…

Read More
Headlines 

Flake: Someone in GOP Will Challenge Trump in Primary, If Not Me

President Donald Trump is likely to face a challenge from an independent candidate, and possibly a fellow Republican, if he runs for a second term, as voters thirst for a more centrist alternative, said Senator Jeff Flake. “If the president is running for re-election, if he continues on the path that he’s on, that’s gonna leave a huge swath of voters looking for something else,” said the Arizona Republican, who plans to leave the Senate at the end of 2018. Flake, who’s emerged as one of the president’s most vocal…

Read More
Headlines 

Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000

Michael Novogratz, the former macro manager who’s turned into one of the biggest champions of bitcoin, shelved plans to start a cryptocurrency hedge fund and predicted that the digital money may extend its plunge to $8,000. “We didn’t like market conditions and we wanted to re-evaluate what we’re doing,” Novogratz said Friday in a phone interview. “I look pretty smart pressing the pause button right now.” Novogratz, 53, said he told potential investors last week that he changed his mind, two days before his Galaxy Digital Assets Fund was due to…

Read More
Headlines 

Elon Musk Isnt Joking About Sending a Tesla to Mars

Elon Musk fully intends to put a red sports car made by a company that he runs into an enormous rocket ship made by another company that he runs and fire both into Mars orbit. The car, as it hurtles into space, will be playing a song by David Bowie on repeat. It goes without saying that the song will be “cryptic message on Twitter over the weekend. A person familiar with the launch plan at SpaceX Inc. confirmed that it is real. Payload will be my midnight cherry Tesla Roadster playing Space Oddity. Destination is Mars…

Read More
Headlines 

Trump Says Investors Should Sue ABC for Market-Moving Report

President Donald Trump called on investors to sue ABC News after a false report about him caused the stock market to briefly plunge Friday. ABC News investigative reporter Brian Ross told viewers Friday morning that former national security adviser Michael Flynn was prepared to testify that Trump, then still a candidate, had told him to contact Russian officials. The implication that the president himself was connected to his campaign’s dealings with Russia sent the Dow Jones Industrial Average down more than 350 points before it recovered. “People who lost money…

Read More
Headlines 

Facebook to Show Users Which Russian Propaganda They Followed

request from Congress to address manipulation and meddling during the 2016 presidential election. The tool will appear by the end of the year in Facebook’s online support center, the company said in a blog post Wednesday. It will answer the user question, “How can I see if I’ve liked or followed a Facebook page or Instagram account created by the Internet Research Agency?” That’s the Russian firm that created thousands of incendiary posts from fake accounts posing as U.S. citizens. People will see a list of the accounts they followed,…

Read More
Headlines 

Twitter Cracks Down on Verified Accounts With New Policy

tweet, “this perception became worse when we opened up verification for public submissions and verified people who we in no way endorse.” Earlier this month, the social network stopped the system of authenticating a user’s identity with a blue check mark after drawing intense tweeted a screen shot of a note he received from Twitter, saying that his verified badge will be permanently removed “after determining that your account does not comply with Twitter’s guidelines.” The company has also removed the blue check mark from conservative commentator

Read More
Headlines 

Snap Is Looking a Lot Like Twitter After Another Earnings Miss

Snap Inc. went to great disappointing revenue and user growth, in its third-quarter results. Chief Executive Officer Evan Spiegel even highlighted that Snapchat isn’t easy enough for many to use, echoing similar complaints about Twitter. Snap’s surprise disclosure Wednesday morning that Tencent Holdings, China’s biggest instant messaging company, had analysts cut their ratings. Snap has now fallen 25 percent since its March IPO, bringing its market capitalization to within $900 million of Twitter’s. Of course, Snap’s valuation is still richer. Twitter is projected to have about three times the revenue…

Read More
Headlines 

Crackdown on Billionaires and Other Top Officials Shakes Up Saudi Arabia

Even by the standards of Crown Prince Mohammed bin Salman, whose meteoric ascent has put him on the cusp of the Saudi throne at the age of 32, the Saturday night crackdown was stunning. In just a few hours, security forces arrested princes, billionaires, ministers and former top officials as soon as King Salman announced a sweeping anti-corruption drive. Those detained included billionaire Prince Alwaleed bin Talal, who was picked up at his desert camp outside Riyadh, according to a senior Saudi official. Before midnight, the suspects’ names were already…

Read More
Headlines 

Trump Says Puerto Rico Has Thrown the Budget Out of Whack

President Donald Trump took measure of the widespread damage in Puerto Rico almost two weeks after Hurricane Maria, expressing concern about its impact on the federal budget as his administration finalizes a $29 billion disaster aid request covering a series of major storms. Trump paid a four-and-a-half-hour visit to the island Tuesday, greeting local officials and offering consolation to residents who have been without power and, in many cases, drinking water since the storm struck on Sept. 20. Some in Puerto Rico’s government already are estimating reconstruction costs will be…

Read More
Headlines 

Erroneous Reports About Tom Petty’s Death Cause Confusion

Los Angeles (AP) — For several hours Monday, music lovers believed Tom Petty was dead. Courtney Love, Talib Kweli, Kid Rock, Cyndi Lauper, Paul Stanley and Lin-Manuel Miranda were among scores of fans posting remembrances on Twitter, where Petty was the top worldwide trending topic Monday afternoon. A memorial was scheduled for his star on the Hollywood Walk of Fame. But the 66-year-old entertainer is still alive, and news outlets that announced his death Monday retracted their stories later Monday. The Walk of Fame tribute was canceled. The confusion started…

Read More
Headlines 

Ban Kneeling Pro Athletes, Trump Repeats After Curry Slam

President Donald Trump, a one-time football team owner, is ratcheting up his rhetoric against professional sports and some of their stars — and at least one league and some athletes are giving it back to him. Hours after profanely criticizing NFL players who protest police brutality by kneeling during the national anthem, Trump took to Twitter on Saturday to disinvite National Basketball Association star Stephen Curry from a White House appearance traditional for championship sports teams. His winning team, the Golden State Warriors, said it won’t visit Trump. US President Donald…

Read More