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The auto industry has been struggling lately with supply gluts and lowered consumer demand. On top of that, Elon Musk and Tesla have been rising up strong as the current dominant force in the industry, overtaking Ford for the second largest U.S. automaker.. Ford has been fighting hard to reclaim lost market share, but it seems that the company is struggling enough to cut their global workforce by 10 percent. Will the cost cutting measure restore momentum to the car titan?
Read The Capitalist’s Take Here
Read More at Reuters Here
Read More at CNBC Here
ISRAEL REPORTED TO BE SOURCE OF CLASSIFIED INFORMATION TRUMP TOLD RUSSIA
The classified intelligence that President Trump disclosed in a meeting last week with Russian officials at the White House was provided by Israel, according to a current and a former American official familiar with how the United States obtained the information. The revelation adds a potential diplomatic complication to the episode.
Israel is one of the United States’ most important allies and a major intelligence collector in the Middle East. The revelation that Mr. Trump boasted about some of Israel’s most sensitive information to the Russians could damage the relationship between the two countries. It also raises the possibility that the information could be passed to Iran, Russia’s close ally and Israel’s main threat in the Middle East.
Read More at NY Times Here
Read More at CNN Here
Read More at NBC Here
FACEBOOK FINDS ANOTHER AD GLITCH; REFUNDS MONIES TO AFFECTED ADVERTISERS
Facebook has found another bug in its ad-measurement systems — the fifth time in the last eight months the social giant has revealed an error in how it reports metrics.
The company said the impact of the recently discovered issue was minor, affecting only 0.04% of total billed ad impressions. “Regardless of how many impressions were affected, we take all bugs seriously and apologize for any inconvenience this has caused,” the company said in a blog post. Facebook said affected advertisers will receive a full credit for charges incurred because of the error. According to Facebook, the bug misattributed clicks on video-carousel ads as link clicks (which advertisers pay for) when users were accessing the service using a mobile web browser on a smartphone. The error did not affect tabulations on desktop PCs or in the Facebook mobile app…
Read More at Variety Here
Read More at CNN Here
Read More at Wall Street Journal Here
Closing Bell
– Tuesday, May 16th
Nasdaq Sees Record Close in Otherwise Flat Day
Big Insider Trades
– Axalta Coating Systems, Ltd. (AXTA) CEO Charles Shaver Sells $5.5m
– Continental Resources Inc. (CLR) CEO Harold Hamm Buys $2m
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