Google and Facebook’s dominance of the online advertising market means there is a “lack of real competition” that could be limiting choice for consumers and raising prices for advertisers, Britain’s competition regulator said Wednesday. The U.K. Competition and Markets Authority (CMA) detailed a long list of concerns with the prevailing market position of the two tech giants. Among its chief complaints were that default search settings and the collection of personal data are negatively impacting

“There’s a lot of other meanings to work that don’t have just to do with our passion.” That can become an issue when the job description doesn’t line up with someone’s expectation of their true passion. “The issue of moving on is because people keep thinking that they should find passion, purpose, mission, meaning in their work,” Perel says of job-hopping. Instead of using passion to guide a career, Perel recommends making sure a job has four important aspects to make the work feel more fulfilli

Kayla Sloan, 28, turned her side hustle as a virtual assistant into a $140,000 full-time business by capitalizing on her ability to organize efficiently and communicate effectively. In hopes of getting out of the red faster, Sloan reached out to a friend who had a side gig as a virtual assistant. And within a year, Sloan had grossed $16,941.26 as a virtual assistant. In 2015, Sloan quit her day job and pursued the gig full-time. But the full-time job does have its downsides: If you don’t set fir

Republican Sen.Rick Scott told CNBC on Wednesday that he has little doubt President Donald Trump will stay in office for the remainder of his term despite ongoing impeachment proceedings. The Democratic-controlled House is expected to vote Wednesday to approve two articles of impeachment, which would then be passed along to the Senate for trial in the new year. But Scott, a key ally of Trump, that said much of the Democrats’ arguments stem from “hearsay” and falsities. “The bottom line is, this

An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Eli Lilly is well-positioned for growth in the near and long term, according to Morgan Stanley. The firm upgraded the pharmaceutical company to outperform from equal weight, saying Eli Lilly has strong prospects in its drug pipeline and its suite of diabetes drugs should see “strong and durable” growth despite rising competition. The stock was up 1.1% in premarket trading

Citi is lowering its earnings estimates on Twitter due to concerns about the social media company’s “near-term revenue outlook.” In a note to clients Wednesday, the firm also cut its price target on the stock to $36 from $45, and reiterated its neutral rating on Twitter share. Citi said ongoing issues with Twitter’s Mobile App Promotion product could hit revenues. Based on these concerns, Citi lowered its fourth-quarter EPS estimate to 24 cents from 27 cents. Citi also said the stock was a “high

More than 2 million Americans likely will soon have access to mandatory paid parental leave. The bipartisan agreement comes at a time when the U.S. lags behind most of the world in providing paid leave to workers. The legislation would be the first update to federal family leave policy in a generation, since the Family and Medical Leave Act was enacted in 1993. In addition, eight states and the District of Columbia have enacted paid family and medical leave policies. Proponents of paid leave say

A shopper chooses a bag of Blue Buffalo dog food in a pet food store in New York. General Mills’ quarterly profit beat Wall Street expectations on Wednesday as the Cheerios maker benefited from higher demand for its pet foods, sending its shares up 3%. The maker of Cocoa Puffs and Lucky Charms acquired Blue Buffalo Pet Products for $8 billion last year in a push to capitalize on growing demand for pet food. Sales at its pet unit rose 16% in the quarter, helped by price increases and the recent r

Importation of drugs from Canada as a way to lower costs for U.S. consumers has been considered for years. Alex Azar, secretary of the Department of Health and Human Services (HHS), called the move “a historic step forward in efforts to bring down drug prices and out-of-pocket costs.” The Trump administration on Wednesday said it is proposing a rule to allow states to import prescription drugs from Canada, moving forward a plan announced this summer that the president has said will bring cheaper

Snickers is celebrating a decade of its “You’re Not You When You’re Hungry” campaign with a return to the Super Bowl. The brand, owned by Mars, Inc., said Wednesday it would be airing a spot during the Super Bowl LIV on February 2. The last time Snickers was in the Super Bowl was in 2017, with a spot featuring Adam Driver. The new spot will be done with ad agency BBDO New York, part of Omnicom Group. Snickers debuted “You’re Not You When You’re Hungry” with a spot in 2010 featuring Betty White.

Airport delays over the holidays might cause misery and stress, but at least you’ll be able to get a free veggie burger out of the experience. The Restaurant Brands International chain launches its “Delay Your Way” promotion Wednesday, offering travelers with a delayed flight a free Impossible Whopper, which features a meatless patty from Impossible Foods. Travelers at any U.S. airport through Dec. 30 can enter their delayed flight information into Burger King’s app and receive a coupon for the

Tesla has made it through its most difficult days, analyst saysIt’s been quite a year for Tesla as CEO Elon Musk has battled with the SEC, unveiled two new car models and the company’s most recent earnings report sent the stock soaring after reporting surprising profits. Colin Rusch, managing director and senior research analyst at Oppenheimer, and Bethany McLean, contributor for CNBC and Vanity Fair, join “Squawk Box” to discuss.

Check out the companies making headlines before the bell:General Mills (GIS) – The food producer reported quarterly earnings of 95 cents per share, 7 cents a share above estimates. FedEx (FDX) – FedEx reported quarterly earnings of $2.51 per share, missing the consensus estimate of $2.76 a share. PG&E (PCG) – The utility’s $13.5 billion settlement with wildfire victims won approval from a U.S. bankruptcy judge, following a six-hour hearing. Cintas (CTAS) – Cintas reported quarterly profit of $2.

On “Squawk Box” on Sept. 24, 2010, Tepper took the old adage, “Don’t fight the Fed” to the next level. Tepper’s fund made $7.5 billion in 2009 on a return of 132%, made mostly by betting on a resurgence in financials. In May, Tepper said he’s planning to return Appaloosa’s capital to investors, converting it to a family office. Tepper’s introduction of the word “taper” into Wall Street parlance and the market drop that followed the Fed’s December 2013 tapering announcement was dubbed the “taper

A driver pushes a dolly of boxes to load onto a FedEx delivery truck in Miami. FedEx has a lot to prove to investors over the next few quarters, according to Oppenheimer. The firm downgraded shares of FedEx to perform from outperform following the shipping company’s earnings miss and dim outlook. “With Express/Ground margins well below historical trend, we anticipate FedEx to be a ‘show me’ story for multiple quarters,” Oppenheimer analyst Scott Schneeberger said in a note to clients on Wednesda

Thomas Northcut | DigitalVision | Getty ImagesHospitals, many of which are increasingly in dire financial straits, are weighing a lucrative new opportunity: Selling patient health information to tech companies. Hospitals have access to vast amounts of people’s health information, including lab and imaging results and medication lists. This data can help software programmers train their systems to recognize patterns that in turn can lead to better care. But health systems administrators say it co

Overall, Americans have $830 billion in credit card debt as of the second quarter of 2019, a 6% jump year over year, according to the most recent report from Experian. And U.S. adults with a net worth of $100,000 or more are more likely to carry credit card debt than those with fewer assets, Bankrate said. “It doesn’t make sense to finance a fancy lifestyle with credit card debt,” Rossman said. More from Personal Finance:Here’s one way to pay less to your credit card company4 ways to avoid the o

Federated Investors’ Phil Orlando believes the S&P 500 could surge 10% and hit 3,500 by spring. But the firm’s chief equity market strategist warns the rally will likely sour by midyear. “The economy is actually starting to reaccelerate off of this trough that we put in over the last couple of months,” said Orlando. Now, we’re going to start to reaccelerate we think over the course of calendar 2020.” “We [will] end up with good election results from a fiscal policy standpoint and we end the year

But they may need to toss out their old M&A playbooks as the landscape changes, according to a new report from Bain Wednesday. Heading into 2020, executives are faced with higher valuations, competition from corporate giants names like Intel and Salesforce, and the potential of a recession, according to Bain. “Trends are shifting and they’re shifting quickly,” Adam Haller, partner with Bain & Company’s global M&A technology practice says. In 2015, half of total tech deals were to increase outrig

A small but significant group of Netflix and Disney+ users have told Bank of America they expect to cancel their Netflix subscriptions, rekindling concerns that new combatants in Wall Street’s “Streaming Wars” could hamstring current players. The bank’s survey of over 1,000 Americans showed that 6.5% of respondents using both services said they plan to terminate their Netflix accounts. Sixty-five percent of respondents said Disney+ was not a good substitute for Netflix, while 33% said it was. “O