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Zuckerberg bets future of Facebook on video, Instagram

Zuckerberg bets future of facebook on video, instagram copy

Bloomberg Facebook Inc. Chief Executive Officer Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories,” not the company’s famous news feed. Investors are buying into the vision for now. The newer products may make less money and steal user attention from the main stream of photos, comments and lucrative ads on the social network, Zuckerberg ...

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Brexit concerns hit UK business optimism

Masses march in london in favour of fresh vote on brexit

Bloomberg UK businesses are getting increasingly nervous about Prime Minister Theresa May’s ability to pull off a Brexit deal. Optimism in Britain’s economy slumped in October to the lowest level this year, with confidence falling in almost all parts of the country, Lloyds Bank said in a survey published on Wednesday. The concern is spread across firms of sizes, with ...

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Euro-area’s inflation accelerates in October

Bloomberg Euro-area inflation accelerated in October and underlying price pressures increased, complicating policy makers’ choices after the economy grew at its weakest pace since 2014. Consumer prices jumped 2.2 percent from a year earlier while a measure that strips out volatile components rose to 1.1 percent. Inflation has been stronger than the European Central Bank’s goal of just below 2 ...

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