Consumers projected to spend nearly $1K on holiday shopping

Fox Business Flash top headlines for October 22 Check out what’s clicking on FoxBusiness.com. The nation’s largest retail trade group said Thursday that consumers are likely to spend nearly $1,000 on holiday-related merchandise and gifts this year.   According to the National Retail Federation and Prosper Insights & Analytics survey, 90% of adults said they plan to celebrate the holiday […]

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Edward Snowden warns weakening encryption would have dire consequences: 'Privacy is power'

"Privacy is power," NSA whistleblower said at a press conference Thursday marking the first "Global Encryption Day." Governments are piling pressure on tech giants like Facebook and Apple to grant authorities access to encrypted messages. Tech firms argue that end-to-end encryption is important for ensuring users' privacy. LONDON — Undermining encryption systems to give governments access to people's personal messages […]

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From 'Stranger Things' to 'Squid Game,' here's how much money you'd have if you invested $1,000 in Netflix 10 years ago

The hits keep on coming for Netflix. The streaming video giant posted a better-than-expected earnings report Tuesday, beating Wall Street's expectations for both subscriber and revenue growth. Netflix, whose recently released show "Squid Game" turned into a worldwide phenomenon and reportedly created $900 million worth of value for the company, saw its stock trading around $626 on Wednesday afternoon. If […]

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ESG will create financial bubbles just like crypto, banking body CEO says

Financial bubbles will form as investors scramble to make deals in the sustainability space, according to Tim Adams, the president and CEO of the Institute of International Finance. Speaking during a panel at CNBC's Sustainable Future Forum on Thursday, Adams said it was inevitable that the current drive toward ESG (environmental, social and governance) would create assets that exceeded their […]

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A Facebook name change could be a great idea — or a terrible one. Just look at Google, Apple and more

For almost two decades, Facebook's name has been virtually synonymous with social media. That might not be so good for the tech behemoth anymore. Facebook is reportedly planning to change its corporate name, according to a Tuesday evening report from The Verge. That rebranding would include the creation of a new parent company: Facebook and its various social media apps, […]

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