Unlikely we’ll see a turnaround in rates soon, IIF CEO says

Unlikely we’ll see a turnaround in rates soon, IIF CEO says2 Hours AgoTim Adams, president and CEO of the Institute of International Finance, discusses his outlook for Brexit.


Unlikely we’ll see a turnaround in rates soon, IIF CEO says2 Hours AgoTim Adams, president and CEO of the Institute of International Finance, discusses his outlook for Brexit.
Unlikely we’ll see a turnaround in rates soon, IIF CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18
Keywords: news, cnbc, companies, ceo, turnaround, soon, international, unlikely, rates, outlook, president, says2, institute, iif


Unlikely we'll see a turnaround in rates soon, IIF CEO says

Unlikely we’ll see a turnaround in rates soon, IIF CEO says

2 Hours Ago

Tim Adams, president and CEO of the Institute of International Finance, discusses his outlook for Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-10-18
Keywords: news, cnbc, companies, ceo, turnaround, soon, international, unlikely, rates, outlook, president, says2, institute, iif


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The Federal Reserve could soon pause in its latest rate-cutting cycle

The Federal Reserve could soon pause in its latest rate-cutting cycle, and, depending on economic data and developments in trade talks, that could happen at, or more likely, after the Oct. 29-30 meeting. Dallas Fed President Robert Kaplan said he’s “agnostic” on future rate cuts. If there is no October rate cut, the Fed could instead cut again in December or pause again. Adding support to the idea of a pause: The Fed is divided over the next move. A pause could give time for the data and develop


The Federal Reserve could soon pause in its latest rate-cutting cycle, and, depending on economic data and developments in trade talks, that could happen at, or more likely, after the Oct. 29-30 meeting.
Dallas Fed President Robert Kaplan said he’s “agnostic” on future rate cuts.
If there is no October rate cut, the Fed could instead cut again in December or pause again.
Adding support to the idea of a pause: The Fed is divided over the next move.
A pause could give time for the data and develop
The Federal Reserve could soon pause in its latest rate-cutting cycle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: steve liesman
Keywords: news, cnbc, companies, fed, cut, pause, trade, cycle, policy, view, data, latest, soon, week, rate, president, ratecutting, reserve, federal


The Federal Reserve could soon pause in its latest rate-cutting cycle

The Federal Reserve could soon pause in its latest rate-cutting cycle, and, depending on economic data and developments in trade talks, that could happen at, or more likely, after the Oct. 29-30 meeting.

Chicago Fed President Charles Evans, who had strongly supported the last two rate cuts, said this week he saw no future cuts this year, though he’s willing to consider one if the data worsen. Dallas Fed President Robert Kaplan said he’s “agnostic” on future rate cuts. And Fed Chairman Jerome Powell, in a speech last week that many saw affirming the market’s view that the Fed would cut in October, pointedly said decisions are being made meeting by meeting and appeared neutral on future actions.

Fed Funds Futures trade with an 83% probability of a rate cut, but recent comments suggest there’s somewhat more risk to this outlook than is currently priced in.

In the Fed’s view, it has delivered three rounds of stimulus: First, it reversed course from planned rate hikes last year; second, it stopped reducing its balance sheet and began increasing it in step with economic growth; and third, it cut rates twice by a quarter point.

There may yet be a third cut, which could come this month or December, but the Fed will want to see what effects the current stimulus will have before continuing. Many have said policymakers are willing to cut rates more if the data get uglier, but when officials say they see policy in the right place, it suggests they believe policy has anticipated current economic weakness.

There are still nearly two weeks until the meeting and data could break decisively either way. Several additional Fed speakers this week, including Fed Vice Chairman Richard Clarida and New York Fed President John Williams, could support the market’s view or push back against its certainty. Williams speaks on Thursday.

If there is no October rate cut, the Fed could instead cut again in December or pause again. What happens with trade could be critical to Fed decision-making. Even a partial deal between China and the U.S. could eliminate one of the most serious risks hanging over the U.S. economy. But the Fed will also need to consider the possibility of another failed round of talks that could lead to a more severe slowing.

Adding support to the idea of a pause: The Fed is divided over the next move. A pause could give time for the data and developments to clarify the right policy.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: steve liesman
Keywords: news, cnbc, companies, fed, cut, pause, trade, cycle, policy, view, data, latest, soon, week, rate, president, ratecutting, reserve, federal


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Samsung fingerprint sensor security flaw lets anyone unlock its newest phones

Samsung said Thursday that it is working to fix a vulnerability that would allow anyone to unlock a Galaxy S10 or Galaxy Note 10 device using a fingerprint. The flaw was first reported by a U.K. couple who discovered the husband could unlock his wife’s phone using his fingerprint, according to the BBC. Samsung’s fingerprint ID system allows users to open their phones as well as make payments and applications on the phone using a finger or thumbprint, if the system is enabled. Samsung said in a s


Samsung said Thursday that it is working to fix a vulnerability that would allow anyone to unlock a Galaxy S10 or Galaxy Note 10 device using a fingerprint.
The flaw was first reported by a U.K. couple who discovered the husband could unlock his wife’s phone using his fingerprint, according to the BBC.
Samsung’s fingerprint ID system allows users to open their phones as well as make payments and applications on the phone using a finger or thumbprint, if the system is enabled.
Samsung said in a s
Samsung fingerprint sensor security flaw lets anyone unlock its newest phones Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: kate fazzini todd haselton, kate fazzini, todd haselton
Keywords: news, cnbc, companies, flaw, samsung, software, note, fingerprint, galaxy, system, soon, unlock, newest, samsungs, phones, sensor, lets, using, security


Samsung fingerprint sensor security flaw lets anyone unlock its newest phones

Samsung said Thursday that it is working to fix a vulnerability that would allow anyone to unlock a Galaxy S10 or Galaxy Note 10 device using a fingerprint.

The flaw was first reported by a U.K. couple who discovered the husband could unlock his wife’s phone using his fingerprint, according to the BBC. Samsung’s fingerprint ID system allows users to open their phones as well as make payments and applications on the phone using a finger or thumbprint, if the system is enabled.

Samsung said in a statement to CNBC that a software update is coming soon that will fix the flaw.

“We are investigating this issue and will be deploying a software patch soon,” a Samsung spokesperson said. “We encourage any customers with questions or who need support downloading the latest software to contact us directly at 1-800-SAMSUNG.”

Biometric authentication methods like fingerprints have gained popularity in recent years, often billed as easier to use or more secure than traditional passcodes.

Samsung’s newest option for the S10 and Note 10 lets people scan their finger embedded in the screen instead of placing them on a hardware sensor.

But the flaw could put focus on one of Samsung’s bigger problems: The perception the company pushes out products before they’re finished. In 2016, the Galaxy Note 7 was ultimately canceled after its battery caused fires in 2016. The Galaxy Fold this year was delayed after the first model broke for several review outlets, including CNBC.

Apple popularized the fingerprint security method with the iPhone 5s in 2013. The company later introduced Face ID to its Touch ID authentication platform.

Follow @CNBCtech on Twitter for the latest tech industry news.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: kate fazzini todd haselton, kate fazzini, todd haselton
Keywords: news, cnbc, companies, flaw, samsung, software, note, fingerprint, galaxy, system, soon, unlock, newest, samsungs, phones, sensor, lets, using, security


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‘Rise of Skywalker’ trailer should debut soon. Why Disney has waited so long to release it

Since launching the latest trilogy of Star Wars films, Disney has deviated from the traditional timeline for releasing trailers to the public. “Star Wars: The Rise of Skywalker” appears to be following that trend. For both films, an official trailer was released during a Monday Night Football game in October. In the first two weeks of October, there were more than 100,000 mentions about the movie trailer on Twitter, according to Sprout Social, a social media management and analytics platform. Al


Since launching the latest trilogy of Star Wars films, Disney has deviated from the traditional timeline for releasing trailers to the public.
“Star Wars: The Rise of Skywalker” appears to be following that trend.
For both films, an official trailer was released during a Monday Night Football game in October.
In the first two weeks of October, there were more than 100,000 mentions about the movie trailer on Twitter, according to Sprout Social, a social media management and analytics platform.
Al
‘Rise of Skywalker’ trailer should debut soon. Why Disney has waited so long to release it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: sarah whitten
Keywords: news, cnbc, companies, rise, trailers, official, skywalker, jedi, films, release, waited, disney, wars, months, soon, debut, long, movie, trailer, star


'Rise of Skywalker' trailer should debut soon. Why Disney has waited so long to release it

With just under two months until the final installment of the Skywalker Saga set to hit theaters, there’s one thing Star Wars fans are still waiting for — an official trailer.

After teaser videos at Star Wars Celebration in April and the D23 Expo in August, fans of the series are eagerly awaiting the last big promotional push from Disney-owned Lucasfilm.

Since launching the latest trilogy of Star Wars films, Disney has deviated from the traditional timeline for releasing trailers to the public.

While most blockbuster films will reveal an official, full-length trailer between five and six months before its opening weekend — “Avengers: Infinity War,” “Captain Marvel,” “Avengers: Endgame,” “Aquaman,” “Jumanji: The Next Level,” “Joker,” and “It Chapter Two” all followed this pattern — the last two Star Wars films didn’t debut an official trailer until two months before their release dates.

“Star Wars: The Rise of Skywalker” appears to be following that trend.

“The Star Wars brand is so beloved, and this movie is so greatly anticipated, that when they take a different path than traditional movie trailers it gets attention,” Paul Dergarabedian, senior media analyst at Comscore, said. “They don’t have to go by the conventional rules of trailer releasing.”

For each of the three trilogy movies, “The Force Awakens,” “The Last Jedi” and “Rise of Skywalker,” Lucasfilm released a teaser trailer during its biannual Star Wars Celebration event in April.

These teasers were short, showing only truncated clips that don’t give away much about the plot, and have been used to stir up anticipation or intrigue about a film. Then, for “Force Awakens” and “Last Jedi,” Lucasfilm remained close lipped about the films, only allowing a few character photos to enter the public eye, until six months later.

For both films, an official trailer was released during a Monday Night Football game in October. These trailers were a little over two minutes in length and gave more information about what each film was about and gave more details about the cast and plot.

Fans expect Lucasfilm will do the same with “Rise of Skywalker.” While many had predicted that a trailer was going to be released at halftime on Monday, Oct. 14, Disney had made no announcement about doing so. No trailer was shown that night.

In the first two weeks of October, there were more than 100,000 mentions about the movie trailer on Twitter, according to Sprout Social, a social media management and analytics platform.

“Trailers are there to bring visibility and generate excitement to bring us to the movies,” Peter Csathy, founder and chairman of Creatv Media, said. “Star Wars doesn’t need that. All you need to know is that there is a new Star Wars [film] coming out.”

Disney was not immediately available to comment about its marketing strategy.

Lucasfilm has been very protective of the plot of previous Star Wars films, even going so far as to place clips in trailers to set up expectations for story lines that don’t actually pan out in the film.

In “The Force Awakens” trailer it appeared that Finn, played by John Boyega, would be a new Jedi character, as he could be seen wielding a blue lightsaber. However, it was Rey, who possessed the Force.

Similarly, in trailers for “The Last Jedi,” there was a clip between Rey and Luke Skywalker that made it seem like Rey was swinging her lightsaber down on Luke. The clip was actually reversed just for the trailer. In the movie, she is actually pulling the lightsaber up, not down.


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: sarah whitten
Keywords: news, cnbc, companies, rise, trailers, official, skywalker, jedi, films, release, waited, disney, wars, months, soon, debut, long, movie, trailer, star


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The struggling IPO class of 2019 could be facing another wave of selling soon

Lock-up periods are expiring for this year’s IPO class, which analysts say could introduce a new layer of pressure for young companies. A flood of selling could weigh on already struggling IPOs, and dissuade other start-ups from entering public markets this year, according to analysts. It’s also a reason some in Silicon Valley are lobbying for direct listings, which don’t have the same selling restrictions. The ride-hailing company is by far the biggest of the newly public companies with shares


Lock-up periods are expiring for this year’s IPO class, which analysts say could introduce a new layer of pressure for young companies. A flood of selling could weigh on already struggling IPOs, and dissuade other start-ups from entering public markets this year, according to analysts. It’s also a reason some in Silicon Valley are lobbying for direct listings, which don’t have the same selling restrictions. The ride-hailing company is by far the biggest of the newly public companies with shares
The struggling IPO class of 2019 could be facing another wave of selling soon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: kate rooney
Keywords: news, cnbc, companies, private, facing, struggling, 2019, public, unlocking, soon, shares, sell, class, selling, stock, company, venture, ipo, wave


The struggling IPO class of 2019 could be facing another wave of selling soon

Lock-up periods are expiring for this year’s IPO class, which analysts say could introduce a new layer of pressure for young companies.

Founders, employees and some early private investors who bought in before a company goes public are usually restricted from selling between 90 and 180 days. Uber, Pinterest, Slack and others are approaching that expiration date between mid October and the end of the year.

A flood of selling could weigh on already struggling IPOs, and dissuade other start-ups from entering public markets this year, according to analysts. It’s also a reason some in Silicon Valley are lobbying for direct listings, which don’t have the same selling restrictions.

“As lock-ups expire, some of that shortage of supply goes away,” said Nick Colas, co-founder of DataTrek Research. This flood of shares could put pressure on stock prices, he added.

Uber has struggled since its public debut with shares down roughly 35% since. The ride-hailing company is by far the biggest of the newly public companies with shares unlocking in the coming months. Private markets are often opaque and estimates vary — one by research firm “The Bear Traps Report” puts the total Uber shares unlocking closer to 763 million, worth $22 billion. The same firm says roughly $31 billion worth of public company shares are unlocking from now until the end of this year.

Slack is also trading slightly below its IPO price. Others have fared better though: video-conferencing start-up Zoom is trading at more than double its IPO price, while Beyond Meat has more than quadrupled in value. Pinterest is up more than 30% since its IPO.

If founders decide to sell around the lock-up date ending, shares flood the market, which DataTrek’s Nick Colas said can be an added drag on stock prices. Colas said early private investors are likely to sell regardless of an IPO’s performance so far this year.

“Their job is to get the company to the private markets, then to sell,” he said. “Venture capitalists are going to sell into lock ups because they have a huge investment in the assets and because their cost basis is so low — they still have a big gain even if the IPO hasn’t performed.”

That can exacerbate a stock dip if people see “smart money” like venture capital selling, he said, creating a false narrative that investors are getting out because a stock is under-performing. In this case, they don’t have much of a choice because “the job of a venture capitalist is to get their money back their investment back and move on to the next thing.”


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: kate rooney
Keywords: news, cnbc, companies, private, facing, struggling, 2019, public, unlocking, soon, shares, sell, class, selling, stock, company, venture, ipo, wave


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Powell says the Fed will start expanding its balance sheet ‘soon’ in response to funding issues

The Federal Reserve will soon start growing its balance sheet again, a response in part to the jolt to overnight lending markets in September, Chairman Jerome Powell said Tuesday. Three rounds of quantitative easing, or asset purchases, took the balance sheet to as high as $4.5 trillion before the Fed started allowing proceeds to roll off each month. President Donald Trump sharply criticized the balance sheet reduction, calling it “quantitative tightening” and charging that it was slowing econom


The Federal Reserve will soon start growing its balance sheet again, a response in part to the jolt to overnight lending markets in September, Chairman Jerome Powell said Tuesday. Three rounds of quantitative easing, or asset purchases, took the balance sheet to as high as $4.5 trillion before the Fed started allowing proceeds to roll off each month. President Donald Trump sharply criticized the balance sheet reduction, calling it “quantitative tightening” and charging that it was slowing econom
Powell says the Fed will start expanding its balance sheet ‘soon’ in response to funding issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: jeff cox
Keywords: news, cnbc, companies, soon, rate, powell, fed, trillion, level, expanding, start, sheet, treasury, issues, reserves, balance, system, response, funding


Powell says the Fed will start expanding its balance sheet 'soon' in response to funding issues

Stocks pared some of their losses as Powell spoke while short-term Treasury yields hit their lows of the day.

The Fed has reduced its benchmark rate twice in 2019 and is expected to approve a third cut late this month.

On monetary policy more broadly, Powell stuck to his recent script: He and his fellow policymakers view the economy as being strong but susceptible to shocks, particularly from a global slowdown, trade and geopolitics like a potentially messy Brexit. He said the Fed stands committed to supporting the recovery but is data dependent and not on a preset course of cutting rates.

How the Fed will go about expanding the securities it holds will be explained in the coming days, though Treasury bill purchases will be involved, the central bank chief said during a speech in Denver, though Powell stressed the approach shouldn’t be confused with the quantitative easing done during and after the financial crisis.

The Federal Reserve will soon start growing its balance sheet again, a response in part to the jolt to overnight lending markets in September, Chairman Jerome Powell said Tuesday.

On the balance sheet issue, overnight repurchase markets malfunctioned in several weeks ago, due in part to funding constraints caused by money getting sucked out of the system as companies made tax payments and the Treasury Department settled bond auctions. The lack of funding caused repo rates to spike as high as 10% and the Fed’s benchmark funds rate, which banks charge each other for short-term borrowing, to go above its targeted range by 5 basis points.

Since then, the Fed has been conducting temporary operations in which it is providing cash in exchange for ultra-safe assets.

Powell said the Fed is about to embark on more permanent operations to make sure the system has enough reserves and the market volatility events are controlled.

“This volatility can impede the effective implementation of monetary policy, and we are addressing it,” Powell said in prepared remarks. “Indeed, my colleagues and I will soon announce measures to add to the supply of reserves over time.”

Fed officials have been contemplating the proper level of reserves to keep in the system. The cash level that banks store at the Fed has fallen to about $1.5 trillion from a peak of $2.8 trillion in September 2014 as the Fed has ended its liquidity programs. Three rounds of quantitative easing, or asset purchases, took the balance sheet to as high as $4.5 trillion before the Fed started allowing proceeds to roll off each month.

President Donald Trump sharply criticized the balance sheet reduction, calling it “quantitative tightening” and charging that it was slowing economic growth.

Powell said the Fed is settling into an “ample reserves” regime and now sees that it is around the level banks need.

“As we indicated in our March statement on balance sheet normalization, at some point, we will begin increasing our securities holdings to maintain an appropriate level of reserves,” he said. “That time is now upon us.”

While he did not specify how the Fed will proceed he was quick to draw one line — that this program should not be confused with the three rounds of QE, which were aggressive efforts to expand the balance sheet. Instead, this will be a more organic procedure that will follow operations similar to what the Fed conducted before the financial crisis of 2008.

Both interest rate policy and the approach to the balance sheet came following a dissertation from Powell on “profound changes in the economy” and what challenges they present to current conditions.

He broke the challenges into three questions: how a gas price spike might impact the economy, whether productivity is being measured adequately, and whether the labor market is tight.

A jump in gas prices probably can be absorbed and likely would have little overall impact, he said. Current productivity measures are likely inadequate due to technological factors, he added. And he said that jobs are likely growing more slowly than the data indicates, though still expanding quickly enough to absorb new entrants to the labor force.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: jeff cox
Keywords: news, cnbc, companies, soon, rate, powell, fed, trillion, level, expanding, start, sheet, treasury, issues, reserves, balance, system, response, funding


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House intel committee has reached an agreement for Trump-Ukraine whistleblower to testify ‘very soon,’ Schiff says

House Intelligence Committee Chairman Adam Schiff said Sunday that an agreement has been reached for the whistleblower at the center of the impeachment inquiry into President Donald Trump to testify before Congress. In an interview on ABC’s “This Week,” Schiff, D-Calif., said he expects the whistleblower to testify “very soon,” but timing depends on when the director of National Intelligence completes the security clearance process for the individual’s lawyers. “We’ll get the unfiltered testimon


House Intelligence Committee Chairman Adam Schiff said Sunday that an agreement has been reached for the whistleblower at the center of the impeachment inquiry into President Donald Trump to testify before Congress. In an interview on ABC’s “This Week,” Schiff, D-Calif., said he expects the whistleblower to testify “very soon,” but timing depends on when the director of National Intelligence completes the security clearance process for the individual’s lawyers. “We’ll get the unfiltered testimon
House intel committee has reached an agreement for Trump-Ukraine whistleblower to testify ‘very soon,’ Schiff says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-29  Authors: spencer kimball
Keywords: news, cnbc, companies, committee, intelligence, trumpukraine, foreign, schiff, european, solicit, president, agreement, trump, ukraine, testify, reached, intel, house, soon, whistleblower


House intel committee has reached an agreement for Trump-Ukraine whistleblower to testify 'very soon,' Schiff says

House Intelligence Committee Chairman Adam Schiff said Sunday that an agreement has been reached for the whistleblower at the center of the impeachment inquiry into President Donald Trump to testify before Congress.

In an interview on ABC’s “This Week,” Schiff, D-Calif., said he expects the whistleblower to testify “very soon,” but timing depends on when the director of National Intelligence completes the security clearance process for the individual’s lawyers.

“We’ll get the unfiltered testimony of that whistleblower,” Schiff said.

The whistleblower filed a complaint expressing concern that Trump was “using the power of his office to solicit interference from a foreign country in the 2020 U.S. election.”

The redacted complaint, released by the House Intelligence Committee on Thursday, details a July 25 call in which Trump asked Ukraine’s president to “do us a favor” and investigate Democratic presidential candidate Joe Biden and his son Hunter for corruption.

It’s illegal under campaign finance law to solicit help from foreign nationals, foreign governments, foreign businesses or foreign political parties.

Trump froze nearly $400 million in military aid to Ukraine before the July 25 call, raising concerns that he was seeking a quid pro quo with Kyiv, an allegation that the president and his supporters deny.

Trump said he froze the aid, which was later released, because European nations were not contributing enough to Ukraine, which is fighting a war with Russian-backed separatists in its eastern region. The European Union and European financial institutions have contributed more than $16 billion in assistance to Ukraine since 2014, according to The Associated Press.


Company: cnbc, Activity: cnbc, Date: 2019-09-29  Authors: spencer kimball
Keywords: news, cnbc, companies, committee, intelligence, trumpukraine, foreign, schiff, european, solicit, president, agreement, trump, ukraine, testify, reached, intel, house, soon, whistleblower


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Sheryl Sandberg is in talks to testify on Facebook’s cryptocurrency libra as soon as next month

Facebook COO Sheryl Sandberg is in talks to testify on the company’s new cryptocurrency plans as soon as next month, a source familiar with the matter told CNBC. The House Financial Services Committee did not immediately respond to a request for comment. The project’s lead, David Marcus, told a Swiss news outlet, “The goal is still to launch Libra next year,” Reuters reported last week. “That’s not a commitment,” said House Financial Services Committee Chairwoman Maxine Waters, D-Calif.-CNBC’s Y


Facebook COO Sheryl Sandberg is in talks to testify on the company’s new cryptocurrency plans as soon as next month, a source familiar with the matter told CNBC. The House Financial Services Committee did not immediately respond to a request for comment. The project’s lead, David Marcus, told a Swiss news outlet, “The goal is still to launch Libra next year,” Reuters reported last week. “That’s not a commitment,” said House Financial Services Committee Chairwoman Maxine Waters, D-Calif.-CNBC’s Y
Sheryl Sandberg is in talks to testify on Facebook’s cryptocurrency libra as soon as next month Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: lauren feiner
Keywords: news, cnbc, companies, month, testify, soon, facebook, lawmakers, committee, cryptocurrency, zuckerberg, sandberg, facebooks, marcus, sheryl, talks, testimony, taking, told, libra, services


Sheryl Sandberg is in talks to testify on Facebook's cryptocurrency libra as soon as next month

Facebook COO Sheryl Sandberg is in talks to testify on the company’s new cryptocurrency plans as soon as next month, a source familiar with the matter told CNBC. Bloomberg first reported the news.

Sanberg’s last official testimony on Capitol Hill was in September 2018 alongside Twitter CEO Jack Dorsey. The executives appeared in front of the Senate Intelligence Committee to discuss election-related abuse after reports revealed coordinated misinformation campaigns on their platforms around the 2016 U.S. presidential election.

Facebook’s plans to introduce a new cryptocurrency called libra has once again riled up lawmakers, who have already questioned the project’s leader about how it would impact the value of the U.S. dollar and how consumers could trust Facebook with their money after a series of privacy scandals. Facebook would likely hope that testimony from Sandberg could ease fears and provide a strong signal to Congress that the company is taking the necessary precautions.

A representative from Sandberg’s team at Facebook declined to comment. The House Financial Services Committee did not immediately respond to a request for comment.

The testimony would follow another recent D.C. visit from a top executive at Facebook: CEO Mark Zuckerberg. Zuckerberg met with some of his top critics on the Hill to discuss his thoughts on national privacy regulation and other topics, according to the lawmakers who met with him. The closed-door meetings seemed to be an attempt to show influential leaders in Washington that Facebook is taking them seriously while the company faces what’s now believed to be as many as four separate antitrust investigations, according to reports from multiple outlets.

Facebook has cautiously signaled it is planning to move forward with libra despite lawmakers’ concerns. The project’s lead, David Marcus, told a Swiss news outlet, “The goal is still to launch Libra next year,” Reuters reported last week.

When asked at a July testimony if Facebook would commit to refraining from moving forward with libra before appropriate regulations were implemented, Marcus said, “I committed to waiting for us to have all the appropriate regulatory approvals and have addressed all concerns before moving forward.”

“That’s not a commitment,” said House Financial Services Committee Chairwoman Maxine Waters, D-Calif.

-CNBC’s Ylan Mui contributed to this report.

Subscribe to CNBC on YouTube.

WATCH: FB’s Marcus: There will be no special privilege for Facebook with Libra


Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: lauren feiner
Keywords: news, cnbc, companies, month, testify, soon, facebook, lawmakers, committee, cryptocurrency, zuckerberg, sandberg, facebooks, marcus, sheryl, talks, testimony, taking, told, libra, services


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Facebook will soon let Oculus users build their own avatars so they can play laser tag on the moon

Facebook is trying to lure more users to its Oculus headsets by introducing a virtual reality world. On Wednesday, the company announced Horizon, an animated world of avatars, that will launch for Oculus headsets early next year to a select group of customers. Horizon is reminiscent of the Oasis game in the book “Ready Player One,” where VR users around the globe interact with one another in a virtual world. Facebook acquired Oculus for $2 billion in 2014, and has since struggled to get market t


Facebook is trying to lure more users to its Oculus headsets by introducing a virtual reality world. On Wednesday, the company announced Horizon, an animated world of avatars, that will launch for Oculus headsets early next year to a select group of customers. Horizon is reminiscent of the Oasis game in the book “Ready Player One,” where VR users around the globe interact with one another in a virtual world. Facebook acquired Oculus for $2 billion in 2014, and has since struggled to get market t
Facebook will soon let Oculus users build their own avatars so they can play laser tag on the moon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: salvador rodriguez
Keywords: news, cnbc, companies, let, tag, users, moon, laser, horizon, youre, headsets, play, build, virtual, soon, going, able, facebook, world, oculus


Facebook will soon let Oculus users build their own avatars so they can play laser tag on the moon

Facebook is trying to lure more users to its Oculus headsets by introducing a virtual reality world.

On Wednesday, the company announced Horizon, an animated world of avatars, that will launch for Oculus headsets early next year to a select group of customers. Horizon is reminiscent of the Oasis game in the book “Ready Player One,” where VR users around the globe interact with one another in a virtual world.

“In Horizon you are going to be able to build your own world and experiences, you’re going to be able to play games, you’re going to be able to explore, you’re going to be able to hang out with your friends and meet new people,” Facebook CEO Mark Zuckerberg said at the Oculus Connect 6 conference in San Jose, California.

Facebook acquired Oculus for $2 billion in 2014, and has since struggled to get market traction beyond a niche audience because of the hefty price of VR headsets and the amount of technology required to use them. Palmer Luckey, Oculus’s founder, was forced out of the company in 2017.


Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: salvador rodriguez
Keywords: news, cnbc, companies, let, tag, users, moon, laser, horizon, youre, headsets, play, build, virtual, soon, going, able, facebook, world, oculus


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Microsoft will soon let you play Xbox games from Android phones

Microsoft is gearing up to roll out its cloud gaming service, which will allow users to play video games from their Android-powered smartphones. Players will need a wireless Xbox One controller and a phone or tablet that runs Android 6.0 (or later) and supports Bluetooth. Microsoft said last year that it was working on the game streaming service. Google and Apple have since announced subscription mobile game services, allowing people to pay for access to games that can be installed on mobile dev


Microsoft is gearing up to roll out its cloud gaming service, which will allow users to play video games from their Android-powered smartphones. Players will need a wireless Xbox One controller and a phone or tablet that runs Android 6.0 (or later) and supports Bluetooth. Microsoft said last year that it was working on the game streaming service. Google and Apple have since announced subscription mobile game services, allowing people to pay for access to games that can be installed on mobile dev
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Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: jordan novet
Keywords: news, cnbc, companies, microsoft, soon, xcloud, mobile, let, android, games, share, devices, week, xbox, play, game, streaming, post, phones, service


Microsoft will soon let you play Xbox games from Android phones

Microsoft is gearing up to roll out its cloud gaming service, which will allow users to play video games from their Android-powered smartphones.

In a blog post Tuesday, Microsoft said that starting next month, consumers in the U.S., U.K. and Korea will be able to register for the xCloud preview. Players will need a wireless Xbox One controller and a phone or tablet that runs Android 6.0 (or later) and supports Bluetooth.

“We now want you to play with us and share your feedback on Project xCloud so we can iterate and improve, week after week,” Kareem Choudhry, corporate vice president for xCloud at Microsoft, wrote in the post. “Join us, have fun playing, share your stories and feedback, and be part of the journey.”

Despite moving away from some consumer areas like health devices, e-book sales and even its own mobile phone system, CEO Satya Nadella has stuck with gaming and is looking to xCloud as another way to showcase Microsoft’s cloud-computing infrastructure. The new service also extends Nadella’s strategy of building products that can work across devices rather than just on Microsoft machines.

Microsoft hasn’t yet disclosed the price or launch date of xCloud and said it will open up access to more people over time. It also isn’t saying anything about availability on iOS devices. A Microsoft spokesperson told CNBC the company will provide information about xCloud on other platforms later.

Microsoft said last year that it was working on the game streaming service. Google and Apple have since announced subscription mobile game services, allowing people to pay for access to games that can be installed on mobile devices. Additionally, Google has a more direct competitor called Stadia, a cloud-based game streaming service that will launch in November for $9.99 a month.


Company: cnbc, Activity: cnbc, Date: 2019-09-24  Authors: jordan novet
Keywords: news, cnbc, companies, microsoft, soon, xcloud, mobile, let, android, games, share, devices, week, xbox, play, game, streaming, post, phones, service


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