Facebook and Instagram will no longer allow influencers to promote vaping, tobacco products or weapons on its platforms using “branded content.” Instagram announced Wednesday it would no longer allow “branded content” that promotes those goods on either platform. In June, Instagram a change that would let advertisers promote posts from influencers, or users who work with brands to promote services or products. Users see a “paid partnership with” tag on a post when viewing that branded content on

FCADETROIT — The merger of Fiat Chrysler and French automaker PSA Group will reshape the global automotive industry in an effort to address unprecedented change occurring around autonomous and all-electric vehicles. The merged company is expected to achieve cost savings of 3.7 billion euros (US $4.1 billion) a year without closing factories. “It is better to face the challenges of the future together than on a standalone basis,” PSA CEO Carlos Tavares told investors during a call to discuss the

Half of the young clients who are planning to leave California are fleeing to locales with lower taxes, according to the data. Meanwhile, 14% of these young investors are leaving California for places with low property taxes. California has a top individual income tax rate of 13.3% — the highest in the country, according to the Tax Foundation. John ColettiThe Lone Star state doesn’t tax individual income, making it a welcome change for high-earners based in California. It has a combined state an

This level is tricky terrain for Tesla and could foreshadow a major decline ahead, says Matt Maley, chief market strategist at Miller Tabak. When Tesla last bumped up against this level a year ago, shares began to spiral before bottoming out in June. “But I think when you step back, basically, the bottom line is Tesla right now continues to dominate the EV space,” Schlossberg said. Temperamental trading on Tesla is likely to continue, he adds, so he prefers a different method of exposure to the

Many Wall Street strategists share the concern about the ballooning corporate debt load but few sound as worried as Trahan. In a Tuesday note, Trahan said that U.S. corporate debt has surged by 50% since 2009 and now stands at nearly $10 trillion. Such a jump in corporate debt would be more worrisome had it not been for the steady economic recovery and steep drop in yields, he said. “Leaving aside our biases for markets and the economy, LEIs of credit markets point to a deterioration of ratings

FedEx — FedEx sank 10% in midday trading after the global shipper reported a 40% year-over-year decline in profit in its second fiscal quarter. General Mills — Shares of General Mills rose more than 1% after the food manufacturer reported second-quarter earnings that topped expectations. The company reported adjusted earnings per share of 95 cents, above the 88 cents expected by analysts, according to Refinitiv. General Mills did miss revenue estimates, however, reporting sales of $4.421 billion

It’s impossible to read the capital markets landscape correctly consistently, but hedge fund manager Stanley Druckenmiller was thought to be among the best at it. In June, Druckenmiller said he sold everything and loaded up on Treasurys after President Donald Trump sent a tweet in May that increase U.S.-China trade tensions. Worries over U.S.-China trade have subsided for the time being after both sides reached a so-called phase one trade deal last week. Prior to that, Druckenmiller thought stoc

Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019. Ding Ting | Xinhua News Agency | Getty ImagesTesla stock reached an intraday all-time high Wednesday and is on pace to reach its highest closing price ever. Tesla shares shot up Wednesday afternoon more than 4%, briefly reaching a new all-time high of $395.00 per share, surpassing intraday highs reached when CEO Elon Musk sent his infamous “funding secured” tweet in August 2018. Te

Eddie Seal | Bloomberg | Getty ImagesThe U.S. oil industry shook up the world energy order in the last decade, and now it has been going through a shakeout of its own that is expected to end in more bankruptcies and mergers. That has made life hard for U.S. drillers this year, with oil prices below their break-even level much of the year. Daniel Yergin, who has authored books on the evolution of the oil industry, said the U.S. industry is likely to morph now, as the industry hits an inflection p

WASHINGTON — House Speaker Nancy Pelosi, D-Calif., called on members of Congress to stand up to “lawlessness and tyranny” on Wednesday, as she marked the start of the final formal debate in the House over whether to impeach President Donald Trump. But, very sadly now, our founders’ vision of a republic is under threat from actions from the White House,” Pelosi said on the House floor. “That is why today, as speaker of the House, I solemnly and sadly open the debate on the impeachment of the pres

Skepticism is brewing in the markets as much of the details have not been confirmed by both sides. It’s “more trade truce than deal … It is unclear if any China tariffs on U.S. goods have been reduced … Chinese officials were light on the deal content when unveiling the text of the agreement. Meanwhile, U.S. Trade Representative Robert Lighthizer said China pledged to buy a total of $40 billion in farm goods over a two-year period.

The yield curve, which flashed the biggest recession signal in more than 10 years and sent shock waves through the financial markets just a few months ago, is now signaling things are just fine. This move is called a steepening by financial pros and a reversal from the inversion (short-term rates rising above long-term yields) that triggered fears. The action helped undo the yield curve inversion by lowering short-term rates and goosing expectations for future economic growth, which raised long-

Apple’s HomePod (left) displayed next to the Google Home and Amazon Echo devices. Amazon, Google, Apple and the Zigbee Alliance on Wednesday announced a rare partnership that’s focused on making smart homes easier for everyone. Amazon, Google and Apple are all competing for people to buy products that work with their in home-systems and are still trying to build a solution that’s simple for everyone to use. But you’d have to figure out if you need to buy a lock that works with Amazon Echo (which

And employers aren’t required to inform job candidates when their resumes will be reviewed by these systems. CareerBuilder also created an AI resume builder to help candidates include skills on an application they may not have identified on their own. Including transferable skills mentioned in the job description can also increase your resume odds. Include keywords from the job description, such as the role’s day-to-day responsibilities, desired previous experience and overall purpose within the

Professional darts player Fallon Sherrock made history Tuesday when she became the first woman to defeat a man at the Professional Darts Corporation World Championship match in London, England. Sherrock, 25, cracked the glass ceiling when she beat 22-year-old Ted Evetts 3-2 in the first round of the championships. Sherrock, who earned her spot in this year’s competition by winning the qualifying events in United Kingdom and Ireland, is just the fifth woman to compete in the world championships.

John Boyega, Daisy Ridley and Oscar Isaac in “Star Wars: The Rise of Skywalker” coming to theaters Dec. 20th, 2019. When Disney purchased Lucasfilm, the owner of Star Wars, back in 2012, the company decided it wanted more creative control over the future of the franchise. It announced that the only canon elements to Star Wars were the six feature films and the animated series “Clone Wars.” While some saw the film as an ambitious departure from previous Star Wars films, others saw it as too diffe

Nintendo has announced two packs of additional content for the Nintendo Switch exclusive, which will add both single-player and multiplayer content to Luigi’s Mansion 3 next year. The first pack, which adds new mini games to the ScreamPark mode, will be released by April 30, 2020. The second multiplayer pack will be release by July 31st, 2020. Players can expect new mini-games for ScreamPark mode, as well as new outfits and themed ghosts for ScareScraper mode. In our review, we call Luigi’s Mans

We like to think of game delays as being a bit like the needle of a vaccine shot; short-term pain, but long-term benefit. The company and publishing partner Square Enix announced Babylon’s Fall in 2018, with a 2019 release window, but didn’t show us much of the game. Biomutant was pegged for a 2019 release, but now looks likely to show up next year, according to a recent financial report from the publisher’s parent company. Originally scheduled for release in 2019, it was pushed back earlier thi

Consumer confidence worldwide reached its lowest point in over two years in December, but the U.S. shook off the gloom to rise significantly over the final quarter of 2019, according to the Ipsos Global Consumer Confidence Index. December saw a 0.1-point drop from the previous month, taking the reading to 48.5 and rounding off a 1.0-point fall in the global index over the past three months. Only two countries saw material improvements in their national index score over the past three months: U.S

Bet365 Chief Executive Denise Coates poses with her Commander of the British Empire (CBE) medalDenise Coates, the U.K.’s highest-paid CEO and founder of global gambling business Bet365, took home a record-breaking £323 million ($422 million) paycheck this year. This increased from the £220 million she earned last year, retaining her crown as the U.K.’s highest-earning boss. Coates also took home half of the company’s £92.5 million total dividends, from her 50% stake in the business. Altogether t