Facebook is indisputably one of technology’s biggest companies, boasting an average of 1.56 billion daily active users across it and its Instagram, WhatsApp, and Messenger family of apps in March 2019, with sixty-six percent of total users being considered daily, rather than monthly, active users.Recent times have seen Facebook taken to task for a string of issues, including data impropriety, controversial and dangerous user-posted content that results in real-world consequences, and privacy concerns.

Its shares are trading close to $200, well below the company’s $300-plus share price at the beginning of 2019. The month of May witnessed Tesla ahead of other electric auto making competitors.Also, Tesla’s estimated total U.S. sales of 11,300 vehicles in May was 2.6 times the combined total of its competitors’ EV offerings - up from 2.1 times last year. Morgan Stanley (MS) forecasts Tesla will deliver between a range of 360,000 and 400,000 vehicles this year, an increase of approximately 45% to 65% compared to 2018.

Taiwan-based electronics automaker, Foxconn, has off-shored 155 jobs from a factory outside Indianapolis to Mexico, following changes in business and production objectives.Foxconn has so far failed to meet job creation targets promised, as part of a massive new factory supported by large tax breaks.

Other manufacturers like Bridgestone-Firestone have also been working on airless tires. The new Uptis will look like a conventional tire, but it will have three individual components.Instead, the latest prototype uses high-strength composite spokes that are mated to an aluminum hub, which mounts to a car’s axle, just like a conventional tire. The Uptis can neither be inflated nor can it go flat which means it can improve highway safety. Airless tires have long been on the list of manufacturers but so far they have progressed rather slowly.

The euro climbed higher against the U.S. dollar on Thursday, after the European Central Bank (ECB) said it would delay its first post-crisis interest rate hike until at least the middle of next year.

New York Federal Reserve President John Williams, addressing a key market concern, said Thursday the move of near-term bond yields above their longer-duration counterparts is only one consideration when determining what the economy will look like in the future. The inverted yield curve is not “an oracle,” he said during a question-and-answer session with CNBC’s Steve Liesman.

Advanced Micro Devices, Inc. shares jumped nearly +6% Thursday, following a rating upgrade by Morgan Stanley.  Analysts at Morgan Stanley raised their rating on the semiconductor company to equal weight from underweight.The analysts feel there are enough positive near-term tailwinds for AMD. Morgan Stanley analyst Joseph Moore mentioned cloud gaming as a key strength for AMD.

On Wednesday, Pivotal Software’s latest quarterly results turned several analysts’ cautious on the stock. Generating an adjusted loss of -3 cents a share for the fiscal first quarter, the cloud-oriented software company  fared better compared to analysts’ estimates of -5 cents a share.It is also an improvement  over the -10 cents a share loss of the year-ago quarter.  Pivotal’s first quarter revenue of $185.7 million also beat analysts’ expectation of $184.1 million. However, the company lowered its full-year revenue outlook to a range of $756 million to $767 million, well below analysts’ consensus estimate of $803 million (based on Refinitiv poll). For the fiscal second quarter in particular, Pivotal expects revenue to range between $185 million to $189 million, lagging the average analyst estimate of $198 million, (based on Refinitiv poll). Following the report, analysts Daniel Ives and Strecker Backe of Wedbush Securities called Pivotal’s first quarter results a

Fiat Chrysler has withdrawn its merger proposal for French automaker Renault “with immediate effect,” the board of Fiat Chrysler Automobiles announced Wednesday in a statement.

Google (GOOG,GOOGL) acquires the business intelligence and big data analytics startup for $2.6B in cash to add to Google Cloud.

A cautious stance on Advanced Micro Devices, Inc. AMD 5.69% over the past year was "obviously" the wrong call but the "table is set well" for 2020, according to Morgan Stanley.

Oil is in the crosshairs as the prospect of confrontation brews between the U.S. and Iran.At least, that’s how Iranian officials would have it.

The daily stochastic readings made a bullish crossover on June 4 and this could indicate better days in the weeks ahead. The Tickeron Trend Prediction Engine generated a bullish signal for Twitter on June 3.Previous signals on Twitter have been successful 78% of the time. Looking at the fundamentals for Twitter, the company has performed extremely well in recent years.

With the selling that has hit the market over the last month, most of the select sector SPDR ETFs have moved below their 52-week moving averages.We see on the daily chart that the stochastic readings reached oversold territory and made a bullish crossover on June 3.

China’s market regulator has fined Ford Motor’s joint venture with Changan Automobile Group for $23.55 million (162.8 million yuan), equivalent to 4% of the joint venture’s sales, for violating anti-monopoly law. According to the State Administration for Market Regulation, the joint venture called the 'Changan Ford' had set a minimum resale price for its cars in the Chinese municipality of Chongqing since 2013, in breach of the law.The joint venture did not provide evidence of compliance with the country’s anti-monopoly law during the investigating. The State Administration for Market Regulation alleged that Ford Changan’s actions infringed upon the autonomy of the downstream dealers to decide their pricing, restricted their competition with the brand, and also damaged fair competition in the market and consumers’ legal interests. The regulator’s move comes as Ford has been struggling to revive sales in China — the second biggest market globally for the Dearborn, Michigan

The agreement also has the provision to let joint users log into services from either company with a single username, so as to get tech support from either company. This move is also consistent with both companies’ aim of moving computing tasks currently handled in their own data centers to cloud providers.Previously, Microsoft has had a deal with German software maker SAP SE and Adobe Inc. to make their services work better together. According to Microsoft’s cloud chief Scott Guthrie, with Oracle’s enterprise expertise, "this alliance is a natural choice for Microsoft, as it is expected to help our joint customers accelerate the migration of enterprise applications and databases to the public cloud.

Google has appealed the $1.7 billion fine levied by the European Commission for stifling competition in the online advertising industry. This appeal came in response to a previous fine slapped on Google by the executive arm of the European Union over antitrust issues.The EU accuses Google of restricting online search advertisements from competitors, which was deemed illegal under the bloc’s antitrust rules. Previously in 2017, the EU charged Google with two similar fines worth nearly $8 billion for practicing anti-competitive practices with its Android devices and comparison-shopping service. Google is also currently facing increasing regulatory pressures from the U.S. Justice Department, which is reportedly planning an antitrust investigation into Google, related to business practices in its search and other businesses. Shares of Google’s parent company Alphabet plunged nearly 5% after the news first broke in the Wall Street Journal.

The canned soup maker also bumped up its full-year profit guidance. Earnings for the quarter came in at 56 cents per share, exceeding analysts’ estimates of 47 cents.Quarterly sales surged +12% to $2.39 billion, compared to estimates of $2.35 billion. For the full year, Campbell projects that its adjusted profit would range between $2.50 and $2.55 per share, compared with prior forecast of $2.45 and $2.53. Apparently trying to bulk up its snacks business, Campbell Soup acquired snacks maker Snyder’s Lance for $4.87 billion last year.

Guidewire Software plunged  more than -6%  Wednesday, after posting weaker-than-expected fiscal fourth-quarter guidance. For the latest quarter, the software company reported adjusted earnings of 18 cents per share, beating Wall Street consensus estimates of 8 cents per share.Its revenue of $162.9 million, also came in higher than analysts’ estimates of $155.2 million. However, the company’s fiscal fourth quarter outlook turned out to be much lower than what analysts’ expected.

Pour one out for your high school mix tapes: Apple announced Monday at its annual Worldwide Developers Conference (WWDC) that it’s shutting down iTunes, its 18-year-old digital media software.In its place, Mac users will have three individual, dedicated apps for music, podcasts and TV, similar to the current iPhone setup.