Trump says ‘devalued’ currencies put US at a disadvantage and the Fed doesn’t have a ‘clue’

President Donald Trump, left, and Jerome Powell, the new chairman of the Federal Reserve on Thursday, Nov. 2, 2017. President Donald Trump said Tuesday that the U.S. dollar is at a disadvantage compared with other major currencies like the euro as central banks keep interest rates low while the Federal Reserve’s rates are higher by comparison. “The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage,” Trump tweeted, adding the Fed doesn’t have “a clu


President Donald Trump, left, and Jerome Powell, the new chairman of the Federal Reserve on Thursday, Nov. 2, 2017. President Donald Trump said Tuesday that the U.S. dollar is at a disadvantage compared with other major currencies like the euro as central banks keep interest rates low while the Federal Reserve’s rates are higher by comparison. “The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage,” Trump tweeted, adding the Fed doesn’t have “a clu
Trump says ‘devalued’ currencies put US at a disadvantage and the Fed doesn’t have a ‘clue’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: fred imbert
Keywords: news, cnbc, companies, trump, federal, rates, donald, clue, low, disadvantage, euro, dollar, doesnt, currencies, devalued, fed


Trump says 'devalued' currencies put US at a disadvantage and the Fed doesn't have a 'clue'

President Donald Trump, left, and Jerome Powell, the new chairman of the Federal Reserve on Thursday, Nov. 2, 2017.

President Donald Trump said Tuesday that the U.S. dollar is at a disadvantage compared with other major currencies like the euro as central banks keep interest rates low while the Federal Reserve’s rates are higher by comparison.

“The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage,” Trump tweeted, adding the Fed doesn’t have “a clue.”

Trump also said in a separate tweet that the U.S. has low inflation, calling it “a beautiful thing.”

The dollar fell slightly against the euro following Trump’s tweets.

Trump has repeatedly gone after the Fed for what he considers tight monetary policy. The Fed hiked rates four times in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: fred imbert
Keywords: news, cnbc, companies, trump, federal, rates, donald, clue, low, disadvantage, euro, dollar, doesnt, currencies, devalued, fed


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A top ECB job change could give the next big clue about who will replace Mario Draghi

Markets are keen to discover who will next control monetary policy in the euro zone as the current president of the European Central Bank (ECB) Mario Draghi approaches the end of his mandate. Knowing who will be the next ECB President could bring a clearer understanding of the interest rate trajectory in the euro zone — a fundamental aspect for investors worldwide. Several analysts suggested that the top job at the central bank might therefore go to a northern European, i.e. “Mr Enria has the cl


Markets are keen to discover who will next control monetary policy in the euro zone as the current president of the European Central Bank (ECB) Mario Draghi approaches the end of his mandate. Knowing who will be the next ECB President could bring a clearer understanding of the interest rate trajectory in the euro zone — a fundamental aspect for investors worldwide. Several analysts suggested that the top job at the central bank might therefore go to a northern European, i.e. “Mr Enria has the cl
A top ECB job change could give the next big clue about who will replace Mario Draghi Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: silvia amaro, daniel roland, afp, getty images
Keywords: news, cnbc, companies, job, ecb, replace, central, run, clue, donnery, economist, change, big, draghi, european, bank, president, mario, zone, euro


A top ECB job change could give the next big clue about who will replace Mario Draghi

Markets are keen to discover who will next control monetary policy in the euro zone as the current president of the European Central Bank (ECB) Mario Draghi approaches the end of his mandate.

Knowing who will be the next ECB President could bring a clearer understanding of the interest rate trajectory in the euro zone — a fundamental aspect for investors worldwide.

In the run up to the change in the presidency, in October of next year, there are a number of top jobs that Europe has to fill. These appointments will help to shed light on who will take the seat in Frankfurt.

For example, Luis de Guindos, former economy minister of Spain was appointed as vice-president of the ECB earlier this year. Several analysts suggested that the top job at the central bank might therefore go to a northern European, i.e. someone potentially more prone to raise rates faster.

A balance of nationalities is seen as crucial to the ECB’s top management and therefore the next appointment to run the Single Supervisory Mechanism (SSM) — the European institution that oversees banks in the euro zone — may provide another vital clue to Draghi’s successor.

Daniele Nouy, who currently chairs the institution, is set to end her five-year mandate at the end of this year.

At the moment, there are three names on the table that could replace the French banking expert: Sharon Donnery, Ireland’s central bank deputy governor; Andrea Enria, chair of the European Banking Authority; and Robert Ophele, president of the French banking regulator.

The European Parliament is reportedly more supportive of the two first names.

“Obviously both are excellent and well qualified candidates. However, the nationality will also definitely matter,” Carsten Brzeski, chief economist at ING told CNBC via email.

“Given that Irish central bank governor (Philip) Lane has good chances to get a seat on the ECB’s Executive Board next year, either as chief economist or even as president, the odds for Ms Donnery are lower,” Brzeski said, adding that it is “hard to see two Irish nationals on two high-profile ECB jobs.”

“Mr Enria has the clear advantage that ECB president Draghi leaves next year,” he added, given that Enria is also an Italian citizen.

However, other analysts have different opinions about the frontrunners.

“Sharon Donnery is probably the front runner enjoying particular support among northern euro zone member states. She has taken a tough stance on banks having to run down their non-performing loans faster,” Florian Hense, European economist at Berenberg told CNBC via email.

Hense also said the drive to improve gender balance in European institutions could boost the chances that Donnery will get the job.

“It comes down to as to how much Ireland will push Donnery, and is willing to probably sacrifice Philipp Lane’s chances being appointed to the ECB’s Executive Board, likely as succeeding Chief Economist Praet,” Hense said.

The European Central Bank did not want to comment on when the bank will be voting on the new SSM leader. However, the Financial Times has reported that the ECB will carry the vote on November 7th. The chosen candidate will then have to be approved by the European Parliament.


Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: silvia amaro, daniel roland, afp, getty images
Keywords: news, cnbc, companies, job, ecb, replace, central, run, clue, donnery, economist, change, big, draghi, european, bank, president, mario, zone, euro


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24 hours after Musk tweet, no clue where ‘secured’ financing from

But even Musk, himself, simply tweeted he was “considering” it. Committed means something else. The motivations for why Musk may have this are impossible to know without confirmation from Musk himself. By the way, this wouldn’t be the first time Musk has tweeted something that sounded definitive but wasn’t. Last year, Musk tweeted that he had received “verbal govt approval” to build a high-speed hyperloop connecting New York, Philadelphia, Washington D.C. and Baltimore.


But even Musk, himself, simply tweeted he was “considering” it. Committed means something else. The motivations for why Musk may have this are impossible to know without confirmation from Musk himself. By the way, this wouldn’t be the first time Musk has tweeted something that sounded definitive but wasn’t. Last year, Musk tweeted that he had received “verbal govt approval” to build a high-speed hyperloop connecting New York, Philadelphia, Washington D.C. and Baltimore.
24 hours after Musk tweet, no clue where ‘secured’ financing from Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-08  Authors: alex sherman
Keywords: news, cnbc, companies, hours, financing, secured, mean, clue, conspiracy, musk, simply, crime, tweeted, 24, committed, means, legal


24 hours after Musk tweet, no clue where 'secured' financing from

This is the simplest Occam’s Razor explanation. There simply is no funding.

Maybe Musk just tweeted out something. Some Tesla board members said Musk approached them last week about going private. But even Musk, himself, simply tweeted he was “considering” it. That’s not necessarily the language of someone with committed financing.

There are no legal repercussions for saying “funding secured,” said Frank Aquila, an M&A partner at Sullivan & Cromwell.

“It’s sort of the same difference between collusion and conspiracy,” Aquila said. “Collusion isn’t a crime. It means nothing in the legal sense. Conspiracy is a crime. If you say ‘I secured this,’ it could mean you had a conversation. Committed means something else. If you have committed financing, you have documentation and conditions. Secured just means lined up. It doesn’t mean that much.”

The motivations for why Musk may have this are impossible to know without confirmation from Musk himself. Is it to spite shortsellers? Or maybe it is a warning to outside investors, like the Saudi sovereign wealth fund, to stop buying shares of his company?

By the way, this wouldn’t be the first time Musk has tweeted something that sounded definitive but wasn’t. Last year, Musk tweeted that he had received “verbal govt approval” to build a high-speed hyperloop connecting New York, Philadelphia, Washington D.C. and Baltimore. It was later reported that the supposed approval was likely a miscommunication between Musk and a White House official.


Company: cnbc, Activity: cnbc, Date: 2018-08-08  Authors: alex sherman
Keywords: news, cnbc, companies, hours, financing, secured, mean, clue, conspiracy, musk, simply, crime, tweeted, 24, committed, means, legal


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Oprah Winfrey: Here’s the No. 1 clue you’ve found your life’s calling

But that willingness to try different jobs is an approach Oprah Winfrey supports — and one she thinks can help people find their life’s calling. Most people aren’t Bill Gates who knew his life’s purpose as a teenager. Many — like Oprah Winfrey — needed more time. According to Winfrey, all that’s really important is that when you do find your calling, you’re able to recognize it. “Your real job in life is to figure out what it is you are called to do,” Winfrey says on her eponymous network.


But that willingness to try different jobs is an approach Oprah Winfrey supports — and one she thinks can help people find their life’s calling. Most people aren’t Bill Gates who knew his life’s purpose as a teenager. Many — like Oprah Winfrey — needed more time. According to Winfrey, all that’s really important is that when you do find your calling, you’re able to recognize it. “Your real job in life is to figure out what it is you are called to do,” Winfrey says on her eponymous network.
Oprah Winfrey: Here’s the No. 1 clue you’ve found your life’s calling Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-08  Authors: ruth umoh, afro american newspapers, gado, getty images
Keywords: news, cnbc, companies, lifes, youve, purpose, hated, heres, clue, winfrey, teenager, jobs, job, calling, wasnt, life, oprah


Oprah Winfrey: Here’s the No. 1 clue you’ve found your life’s calling

Millennials’ job-hopping ways have earned them an unfair reputation as disloyal. But that willingness to try different jobs is an approach Oprah Winfrey supports — and one she thinks can help people find their life’s calling.

Most people aren’t Bill Gates who knew his life’s purpose as a teenager. Many — like Oprah Winfrey — needed more time. According to Winfrey, all that’s really important is that when you do find your calling, you’re able to recognize it.

“Your real job in life is to figure out what it is you are called to do,” Winfrey says on her eponymous network. “And you use a job until you can figure out what the calling is.”

Like most young people, Winfrey held jobs early in her career that did not bring purpose or meaning to her life, she says. As a teenager, she hated every minute of her job at a grocery store. “I wasn’t allowed to talk to customers,” she said in an article for Oprah.com. “Can you imagine?”

An early job in TV news wasn’t a fit either. She disliked interviewing people in times of tragedy, thinking it exploitative. She also found it difficult to control her emotions because she related so closely to the people in crisis. “I used to be exhausted all the time,” Winfrey says, “because I hated it.”


Company: cnbc, Activity: cnbc, Date: 2018-08-08  Authors: ruth umoh, afro american newspapers, gado, getty images
Keywords: news, cnbc, companies, lifes, youve, purpose, hated, heres, clue, winfrey, teenager, jobs, job, calling, wasnt, life, oprah


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Airbus warns UK government has ‘no clue’ on Brexit as warring lawmakers meet

The chief executive of European plane-maker Airbus has taken another shot at the U.K. government, claiming Friday that it has “no clue” on how to leave the European Union (EU). Last month, Airbus warned that it could be forced to stop making aircraft wings in Britain, if Brexit disrupts its supply chain. That led to a rebuke from senior British lawmakers, who claimed that Airbus, as well as other businesses, shouldn’t venture into political debate. He evoked the contrast between the happy days o


The chief executive of European plane-maker Airbus has taken another shot at the U.K. government, claiming Friday that it has “no clue” on how to leave the European Union (EU). Last month, Airbus warned that it could be forced to stop making aircraft wings in Britain, if Brexit disrupts its supply chain. That led to a rebuke from senior British lawmakers, who claimed that Airbus, as well as other businesses, shouldn’t venture into political debate. He evoked the contrast between the happy days o
Airbus warns UK government has ‘no clue’ on Brexit as warring lawmakers meet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-06  Authors: jasper juinen, bloomberg, getty images
Keywords: news, cnbc, companies, world, executive, european, meet, lawmakers, brexit, britain, uk, enders, warns, clue, chief, warring, airbus


Airbus warns UK government has ‘no clue’ on Brexit as warring lawmakers meet

The chief executive of European plane-maker Airbus has taken another shot at the U.K. government, claiming Friday that it has “no clue” on how to leave the European Union (EU).

Last month, Airbus warned that it could be forced to stop making aircraft wings in Britain, if Brexit disrupts its supply chain.

That led to a rebuke from senior British lawmakers, who claimed that Airbus, as well as other businesses, shouldn’t venture into political debate.

Speaking at reporters at Airbus’s annual media briefing Friday, CEO Tom Enders bluntly ignored those warnings by once again criticizing Downing Street’s approach to negotiations. He evoked the contrast between the happy days of summer and the ongoing confusion surrounding Brexit.

“The sun is shining brightly on the U.K., the English team is progressing towards the (World Cup soccer) final, the Royal Air Force is preparing to celebrate its centenary and Her Majesty’s government still has no clue, no consensus, on how to execute Brexit without severe harm,” Enders said, according to several reports.

The gloomy assessment followed hard on the heels of a stark warning Wednesday from Jaguar Land Rover Chief Executive Ralf Speth, who said that without the right deal, the carmaker would have to close manufacturing plants in Britain.


Company: cnbc, Activity: cnbc, Date: 2018-07-06  Authors: jasper juinen, bloomberg, getty images
Keywords: news, cnbc, companies, world, executive, european, meet, lawmakers, brexit, britain, uk, enders, warns, clue, chief, warring, airbus


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An 87-year-old millionaire buried treasure in the Rockies—and he’s offered one main clue

Somewhere in the Rockies, in the roughly 1,000 miles between Santa Fe, New Mexico, and the Canadian border, may be a treasure chest worth millions. The man who claims to have hidden the fortune back in 2010 is Forrest Fenn, now 87, a former Vietnam fighter pilot and art dealer. “No one knows where that treasure chest is but me,” Fenn told NPR in 2016. The main piece of guidance Fenn has offered is a cryptic 24-line poem he wrote in his self-published memoir, “The Thrill of the Chase.” / Not far,


Somewhere in the Rockies, in the roughly 1,000 miles between Santa Fe, New Mexico, and the Canadian border, may be a treasure chest worth millions. The man who claims to have hidden the fortune back in 2010 is Forrest Fenn, now 87, a former Vietnam fighter pilot and art dealer. “No one knows where that treasure chest is but me,” Fenn told NPR in 2016. The main piece of guidance Fenn has offered is a cryptic 24-line poem he wrote in his self-published memoir, “The Thrill of the Chase.” / Not far,
An 87-year-old millionaire buried treasure in the Rockies—and he’s offered one main clue Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-17  Authors: jonathan blumberg, education images, getty images, luis sanchez saturno, santa fe new mexican
Keywords: news, cnbc, companies, 87yearold, wrote, worth, offered, treasure, rockiesand, poem, wife, hes, 1000, millionaire, main, buried, clue, far, way, fenn, chest


An 87-year-old millionaire buried treasure in the Rockies—and he’s offered one main clue

Somewhere in the Rockies, in the roughly 1,000 miles between Santa Fe, New Mexico, and the Canadian border, may be a treasure chest worth millions. The man who claims to have hidden the fortune back in 2010 is Forrest Fenn, now 87, a former Vietnam fighter pilot and art dealer.

Fenn estimates that as many as 350,000 people have gone hunting for the treasure, he tells CNBC Make It, adding that there is no way of knowing whether anyone has actually gotten close. “It could be found soon or 1,000 years from now,” he says.

“No one knows where that treasure chest is but me,” Fenn told NPR in 2016. That includes his wife. “If I die tomorrow, the knowledge of that location goes in the coffin with me.”

The main piece of guidance Fenn has offered is a cryptic 24-line poem he wrote in his self-published memoir, “The Thrill of the Chase.” He has since shared the poem on Instagram.

“Begin it where warm waters halt / and take it in the canyon down. / Not far, but too far to walk. / Put in below the home of Brown,” reads one stanza.


Company: cnbc, Activity: cnbc, Date: 2018-04-17  Authors: jonathan blumberg, education images, getty images, luis sanchez saturno, santa fe new mexican
Keywords: news, cnbc, companies, 87yearold, wrote, worth, offered, treasure, rockiesand, poem, wife, hes, 1000, millionaire, main, buried, clue, far, way, fenn, chest


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Uber CEO just gave a big (obvious) clue on how to get a great rating on Uber

Uber’s CEO just said that the best way to get a good passenger rating on Uber is to give drivers big tips. Speaking at the World Economic Forum in Davos, CEO Dara Khosrowshahi explained rider and driver ratings and why they’re important during an interview with Andrew Ross Sorkin on CNBC’s “Squawk Box.” A good rating has its benefits, since you’re more likely to get a driver with a high score, too. Khosrowshahi said he wants to introduce a higher level of service for riders with better ratings,


Uber’s CEO just said that the best way to get a good passenger rating on Uber is to give drivers big tips. Speaking at the World Economic Forum in Davos, CEO Dara Khosrowshahi explained rider and driver ratings and why they’re important during an interview with Andrew Ross Sorkin on CNBC’s “Squawk Box.” A good rating has its benefits, since you’re more likely to get a driver with a high score, too. Khosrowshahi said he wants to introduce a higher level of service for riders with better ratings,
Uber CEO just gave a big (obvious) clue on how to get a great rating on Uber Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-23  Authors: todd haselton, adam galica
Keywords: news, games, cnbc, companies, rating, big, ross, clue, khosrowshahi, uber, obvious, driver, sorkin, gave, ratings, tip, better, good, great, ceo


Uber CEO just gave a big (obvious) clue on how to get a great rating on Uber

Uber’s CEO just said that the best way to get a good passenger rating on Uber is to give drivers big tips.

Speaking at the World Economic Forum in Davos, CEO Dara Khosrowshahi explained rider and driver ratings and why they’re important during an interview with Andrew Ross Sorkin on CNBC’s “Squawk Box.”

Sorkin, in turn, joked about how he might be able to increase its own rating on the service.

“You should tip more,” Khosrowshahi said. “I am a very aggressive tipper right now. I pick the highest tip every time. Somehow my rating is getting better. I’m not sure if it’s aggressive tipping. Everybody, tip aggressively.”

A good rating has its benefits, since you’re more likely to get a driver with a high score, too.

“When you get a 4.8 or 4.9 rated driver, know that that driver has passed an array of background checks and has a history,” Khosrowshahi said. “That’s more information than you have if you hail a cab in New York City.”

Khosrowshahi said he wants to introduce a higher level of service for riders with better ratings, too, aside from just offering nicer cars.

CNBC’s Andrew Ross Sorkin contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-01-23  Authors: todd haselton, adam galica
Keywords: news, games, cnbc, companies, rating, big, ross, clue, khosrowshahi, uber, obvious, driver, sorkin, gave, ratings, tip, better, good, great, ceo


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David Beckham ‘wouldn’t have a clue’ what brand Beckham is worth — but this expert has the answer

Soccer star David Beckham has been associated with brands from Adidas to Samsung, with lucrative deals that benefit both him and the companies he represents. But when asked about the value of “brand Beckham,” he told CNBC’s Emily Tan that he has no idea what his worth might be. “I wouldn’t have a clue. “And that has helped me transition from being a football player to a businessman and that’s something that I’m excited about and very proud of. To put a price on it, I don’t think I could.


Soccer star David Beckham has been associated with brands from Adidas to Samsung, with lucrative deals that benefit both him and the companies he represents. But when asked about the value of “brand Beckham,” he told CNBC’s Emily Tan that he has no idea what his worth might be. “I wouldn’t have a clue. “And that has helped me transition from being a football player to a businessman and that’s something that I’m excited about and very proud of. To put a price on it, I don’t think I could.
David Beckham ‘wouldn’t have a clue’ what brand Beckham is worth — but this expert has the answer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-11-24  Authors: lucy handley, emily tan, james wright, suhaimi abdullah, getty images
Keywords: news, games, cnbc, companies, value, wouldnt, proud, expert, beckham, clue, david, brand, right, business, told, weve, worth, answer, transition


David Beckham ‘wouldn’t have a clue’ what brand Beckham is worth — but this expert has the answer

Soccer star David Beckham has been associated with brands from Adidas to Samsung, with lucrative deals that benefit both him and the companies he represents.

But when asked about the value of “brand Beckham,” he told CNBC’s Emily Tan that he has no idea what his worth might be.

“I wouldn’t have a clue. But what I am proud of is that we’ve made it into a successful business, and that obviously coming from being a sportsman and then ready to jump into the business side of things, that it’s all about having the right people around you, the right friends, family (and the) right business partners,” he said.

“And that has helped me transition from being a football player to a businessman and that’s something that I’m excited about and very proud of. To put a price on it, I don’t think I could. I’ll leave that to someone else to decide.”


Company: cnbc, Activity: cnbc, Date: 2017-11-24  Authors: lucy handley, emily tan, james wright, suhaimi abdullah, getty images
Keywords: news, games, cnbc, companies, value, wouldnt, proud, expert, beckham, clue, david, brand, right, business, told, weve, worth, answer, transition


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WhatsApp just offered another clue as to how it will finally start making money for Facebook

WhatsApp is testing a new feature that could let users communicate with companies via secure messages, part of a broader overhaul to make the service more business friendly. The tool will allow users to see whether a business account has been verified by WhatsApp before initiating a conversation. WhatsApp, which Facebook acquired in 2014, said in a blog post a year ago that it “plans to test ways for people to communicate with businesses in the months ahead.” Facebook CEO Mark Zuckerberg said la


WhatsApp is testing a new feature that could let users communicate with companies via secure messages, part of a broader overhaul to make the service more business friendly. The tool will allow users to see whether a business account has been verified by WhatsApp before initiating a conversation. WhatsApp, which Facebook acquired in 2014, said in a blog post a year ago that it “plans to test ways for people to communicate with businesses in the months ahead.” Facebook CEO Mark Zuckerberg said la
WhatsApp just offered another clue as to how it will finally start making money for Facebook Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-02  Authors: john shinal, reuters stephen lam, brazil photo press, getty images
Keywords: news, games, cnbc, companies, clue, communicate, zuckerberg, start, money, facebook, users, products, making, week, whatsapp, business, feature, offered, messaging, finally


WhatsApp just offered another clue as to how it will finally start making money for Facebook

WhatsApp is testing a new feature that could let users communicate with companies via secure messages, part of a broader overhaul to make the service more business friendly.

The tool will allow users to see whether a business account has been verified by WhatsApp before initiating a conversation. Currently, the feature, which has been downloaded by reporters at CNBC through the Google Play store, is in beta on Android and enables WhatsApp itself to communicate with users.

WhatsApp, which Facebook acquired in 2014, said in a blog post a year ago that it “plans to test ways for people to communicate with businesses in the months ahead.” Facebook CEO Mark Zuckerberg said last week that he wants the company’s messaging products — WhatsApp and Messenger — to speed up their efforts to generate sales.

Zuckerberg needs diversified revenue streams as growth in Facebook’s core ad business starts to slow. He told analysts on a conference call following second-quarter results that the company has to “move even faster” on its messaging products.


Company: cnbc, Activity: cnbc, Date: 2017-08-02  Authors: john shinal, reuters stephen lam, brazil photo press, getty images
Keywords: news, games, cnbc, companies, clue, communicate, zuckerberg, start, money, facebook, users, products, making, week, whatsapp, business, feature, offered, messaging, finally


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