Facebook, Inc. ( FB ) stock rallied to a three-month high on Thursday after the company beat third quarter profit and revenue estimates. However, it was a mixed session because the social media giant gapped up and posted the day's high a few minutes after the opening bell before pulling back throughout the day and closing near the intraday low. The reversal highlighted hidden selling pressure while warning new investors that gains may be limited in coming weeks. Technical and political headwinds are likely to drive price action well into 2020, with massive overhead supply around $200 still in place after July 2018's 41-point sell gap and down day. The stock posted the highest selling volume in the past six years in that session, with shareholders hitting the sidelines after the company warned that privacy issues following the Cambridge Analytica scandal were taking a toll on user interaction. That loss of trust has spiraled into a series of international accusations and … [Read more...] about Facebook Upside Appears Limited Despite Strong Quarter
Paying estimated federal taxes online
Are Russia’s New Drone Killing Lasers Effective Weapons or A Sign of Desperation?
Share to Twitter Share to Linkedin Russian Deputy Prime Minister Yuri Borisov claimed Wednesday that Russian forces in Ukraine used a new laser to destroy a Ukrainian drone. What may be a new capability may also reflect Russian forces’ crucial shortages of anti-air missiles and desire for any good news in a stalled campaign. Ukrainian President Volodymyr Zelenskiy quickly took to the media, comparing Russia’s laser counter unmanned aircraft system (CUAS) hype to the “wonder weapons” that Nazi Germany unveiled in the closing days of WWII as Allied and Soviet forces converged on Germany from West and East. That’s an exaggeration Hudson Institute Senior Fellow, Bryan Clark, says. “I think he’s overstating it when he says this is desperation. I think the Russians are doing what they’ve done in Syria and Ukraine for years. They’ve taken systems to the battlefield as a way of demonstrating or experimenting with them. I think this is what they’re doing, trying a … [Read more...] about Are Russia’s New Drone Killing Lasers Effective Weapons or A Sign of Desperation?
How Stripe Aims to Help Small Businesses Combat Cybercrime
As the cost of cybercrime balloons in the U.S., a number of startups have emerged to help small businesses detect fraud before it happens. Stripe , the San Francisco payments processor recently valued at $5 billion, is now offering its own cybersecurity program to small-business customers. On Wednesday, the company announced a suite of new tools to help startups detect and prevent fraudulent transactions. Dubbed "Radar," the new offering uses machine learning to examine the hundreds of thousands of businesses processing transactions on Stripe every second. By looking at purchasing patterns--and better spotting irregularities--the new tools will help bolster defenses and curb fraud, the company claims. Stripe also says it receives signals from its financial partners, including credit card companies, to determine when a transaction seems suspect. "We've been thinking about this problem for a long time," says John Collison, Stripe's co-founder and president. "We have this … [Read more...] about How Stripe Aims to Help Small Businesses Combat Cybercrime
RBI Governor meets bank chiefs to discuss credit growth, asset quality
RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) Governor Shaktikanta Das on May 17 and May 18 met heads of state-run and private banks to take a stock of credit growth and asset quality in the banking system in the wake of recent geopolitical developments, the central bank said. “In his introductory remarks, the Governor noted the key role played by the banks in supporting the economy throughout the pandemic,” the central bank said in a release on Wednesday. Das further stated that the banking sector has remained resilient and has continued to improve despite facing various headwinds. He also advised banks to remain watchful of the recent geopolitical developments and take mitigating measures proactively including raising capital for ensuring that the potential impact on their balance sheets is minimised. Governor Das also urged banks to pay specific attention to further improving their grievance redress systems and continue to provide the necessary support … [Read more...] about RBI Governor meets bank chiefs to discuss credit growth, asset quality
Payment disruption fears linger as deadline nears for merchants to delete customer card data
Customers will have to enter the details afresh for each transaction from July 1 Starting July 1, payment aggregators and gateways and merchants onboarded by them will not be allowed to store credit and debit card data of customers on their platforms, as directed by the Reserve Bank of India. With a little over a month left, merchants are worried that an alternative system may not be ready in time. Payment aggregators, payment gateways and merchants can store card credentials of customers in their databases only until June 30, a deadline that has already been extended twice, most recently by six months on December 23. In the absence of an alternative mechanism, customers using their credit or debit cards from July 1 will have to enter the details afresh for each transaction, including the 16-digit card number, expiry date and card verification value (CVV). Payment companies and card networks Visa, Mastercard and RuPay are working to implement the alternative – Card on File … [Read more...] about Payment disruption fears linger as deadline nears for merchants to delete customer card data
Deputy PM demands officals to avoid being rude and offensive to residents
The Deputy PM, Wissanu Krea-Ngam, today demanded government officials to stop being rude and offensive to residents and avoid violating their privacy. Wissanu was speaking at the country’s first ever national forum, Better Thailand Open Dialogue, to openly share constructive ideas leading to a better Thailand. The deputy PM acknowledged the government system has changed in the modern era and civil servants and officials need to change with it and respect their residents’ needs. He led a panel on the New Era of Quality of Life – Taking Care if All Ages and Increasing Welfare Benefits, and addressed public health issues, education and managing government service. The 70 year old warned officials to refrain from using profane, offensive language towards residents, violating privacy, and avoid scenarios which could lead to sexual harassment cases. The deputy PM added that the draft of the Electronic Civil Service Act had been submitted and officials can now serve residents via … [Read more...] about Deputy PM demands officals to avoid being rude and offensive to residents
Employees have the upper hand in today’s job market. Here’s how to negotiate your salary
(CNN) When it comes to salary negotiations , job candidates have a lot of leverage these days. "There are a number of economic factors that are relevant for thinking about salary negotiations right now," said Linda Babcock, an economics professor at Carnegie Mellon University. Along with rising inflation, the nationwide labor shortage -- there are now almost two jobs available for every job seeker -- has given workers "a lot more bargaining power than they have traditionally had in softer labor markets," she said. With that in mind, here's how experts suggest you handle salary negotiations in today's market: Nice to meet you, how much do you want to make? Recruiters are getting to the salary question much earlier these days. Read More The job hunt can be exhausting. Here's how to cope "What has really accelerated in the past few months is companies asking candidates very early in the process what their salary … [Read more...] about Employees have the upper hand in today’s job market. Here’s how to negotiate your salary