Daily Archives: Apr 11, 2018 at 07:43 am EDT

Is Facebook (And Tech) Having A Standard Oil Moment?

Facebook co-founder Mark Zuckerberg endured five hours of questions in the US Senate on Tuesday, at one point conceding what’s probably inevitable: tighter government oversight of social media in general and his firm in particular. “My position is not that there should be no regulation,” he said, trying to get in front of what appears to be a rising political tide of change. “I think the real question as the internet becomes more important in people’s lives is what is the right regulation.”
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Macro Briefing: 11 April 2018

Trump consider robust military strike against Syria: NY Times
Air traffic control agency warns of possible missile strikes into Syria: Reuters
Russia vetoes US resolution that condemns suspected gas attack in Syria: AP
Trump at crisis point with Mueller investigation: The Hill
China outlines plan for more foreign investment in its financial sector: Reuters
Facebook’s Zukerberg endures 5 hours of Congressional grilling: NY Times
Business groups band together to fight Trump’s trade tariffs: Bloomberg
Wholesale inflation in US increased more than expected in March: Reuters
US wholesale trade inventories surged 1% in Feb, a plus for Q1 GDP: MarketWatch
US small business optimism slips, but still close to record high: MarketWatch
US consumer watchdog agency forgoes enforcement actions under Trump: AP
Atlanta Fed’s GDPNow estimate of US Q1 GDP growth slips to 2.0%: Atlanta Fed