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Wall Street set to open flat in run-up to big earnings
(Reuters) - U.S. stocks looked set to open little changed on Monday as investors treaded water ahead of a busy earnings week from big U.S. companies.
Trian seeks seat for Peltz on P&G board
(Reuters) - Nelson Peltz's Trian Fund Management LP said on Monday it was seeking a seat for its billionaire chief executive at Procter & Gamble Co's board as it looks to push the company to take more drastic steps to revive sales.
Lack of voting rights may keep Snap, others from MSCI indexes
BOSTON (Reuters) - MSCI Inc has proposed leaving shares of Snap Inc and other companies including Eaton Vance Corp out of stock indexes because they lack voting rights, a sign of the rising skepticism facing corporate structures that boost the power of insiders.
Low-fee BlackRock funds rake in cash but revenues disappoint
NEW YORK (Reuters) - BlackRock Inc, the world's biggest asset manager, reported a massive influx of cash into its low-cost funds but nonetheless fell short of Wall Street's forecasts as price cuts and lower performance fees dented revenue.
Major tech firms urge U.S. to retain net neutrality rules
WASHINGTON (Reuters) - A group representing major technology firms including Alphabet Inc and Facebook Inc urged the U.S. Federal Communications Commission on Monday to abandon plans to reverse the landmark 2015 rules barring internet service providers from blocking or slowing consumer access to web content.
Didn't pay your Macy's bill? Expect a text from Citigroup
NEW YORK (Reuters) - When consumers have trouble making ends meet, bills from retailers that have gone bankrupt or closed tend to go toward the bottom of the pile.
Qualcomm loses appeal against EU threat of daily fine
BRUSSELS (Reuters) - U.S. chipmaker Qualcomm faces the threat of a daily fine of 580,000 euros ($665,000) for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in an EU court on Monday.
China's strong second-quarter GDP growth paves way for deeper reforms
BEIJING (Reuters) - China's economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic challenges ahead of key leadership changes later this year.
ECB eyes review of Deutsche Bank shareholders: source
FRANKFURT (Reuters) - Europe's top banking regulator, the European Central Bank (ECB), is considering carrying out a review of Deutsche Bank's two largest shareholders, a regulatory source said on Monday.
BNY Mellon names former Visa CEO to top job
(Reuters) - Bank of New York Mellon Corp , the world's largest custodian bank, appointed former chief executive of Visa Inc Charles Scharf as its CEO, effective immediately.

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Opposition supporters ride on a motorcycle after an unofficial plebiscite against President Nicolas Maduro's government and his plan to rewrite the constitution, in Caracas, Venezuela July 16, 2017. REUTERS/Marco Bello


Russia investigation

The U.S. Secret Service denied a suggestion from President Donald Trump's personal lawyer that it vetted a meeting between the president's son and Russian nationals during the 2016 presidential campaign.

Reuters TV: Secret Service rejects claim it vetted Don Jr.’s meeting



Islamic State

Lahur Talabany, a top Kurdish counter-terrorism official, said he was 99 percent sure that Islamic State leader Abu Bakr al-Baghdadi was alive and located south of the Syrian city of Raqqa, after reports that he had been killed.



U.S.

An Australian woman was shot and killed by a police officer in Minneapolis after having apparently reported a disturbance outside her home. Mayor Betsy Hodges said she was "heartsick and deeply disturbed" by the shooting, which was being investigated.


Healthcare

Senate will delay its consideration of healthcare legislation while Arizona Republican Senator John McCain recuperates from surgery, Senate Republican leader Mitch McConnell said.

Republican Senator Susan Collins, who opposes the bill, said eight to 10 Republican senators have ‘serious concerns’ about the Republican healthcare legislation, faulting the bill for its major cuts to the Medicaid government health insurance program for the poor, which she said would harm rural hospitals and nursing homes.

Synchro - 17th FINA World Championship - Women Team Technical Preliminary - Budapest, Hungary - 16 July, 2017 - Team Germany competes. REUTERS/Stefan Wermuth

Venezuela

Energized by a massive vote intended to delegitimize President Nicolas Maduro in an unofficial referendum, Venezuela's opposition mulled over how to escalate protests and block a new congress. Now, opposition leaders are promising "Zero Hour" in Venezuela to demand a general election and stop the leftist Maduro's plan to create a controversial new legislative super-body called a Constituent Assembly in a July 30 vote.



Technology

A group representing major technology firms including Alphabet, Facebook, Twitter and others urged the FCC to abandon plans to reverse the landmark 2015 “net neutrality” rules barring internet service providers from blocking or slowing consumer access to web content. In May, the FCC voted 2-1 to advance Republican FCC Chairman Ajit Pai's plan to reverse the former Obama administration's order. More than 8.3 million public comments have been filed on the proposal. Pai will face questions on Wednesday on the issue at a U.S. Senate hearing.


Business

New York recently became the largest U.S. city to require fast-food restaurants to schedule workers at least two weeks in advance, or pay them extra for changes. The law, which the restaurant industry vigorously opposed, also requires employers to allow 11-hour breaks between shifts, offer part-time staff additional work before hiring new employees, and pay retail workers to be "on call." It takes effect late this year.






China

Strong data from China kept world shares near a record high, sent copper to a 4-1/2 month peak and left emerging market stocks buyers cheering a near five percent gain in the last five days. Figures from Beijing showed China's economy grew at a faster-than-forecast 6.9 percent year-on-year in the second quarter thanks to a pick-up in industrial output and domestic consumption and as investment remained strong.

Authentic news,No fake news.



PERSONAL HEALTH

How Social Media Is Dumbing Down Our Society



Photo Credit: Shutterstock.com / photototo
In our digital era of smartphones and social media, it seems nearly everyone suffers from communication overload. Less than 15 years ago, most netizens had just one or two email accounts, texting was tedious and costly, and mobile phones were primarily used to make, well, phone calls.
Today, it’s common for people to manage numerous social media accounts and email addresses. One recent estimate claimed the average internet user has sevensocial media accounts — excluding email. Chunky mobile phones have been replaced by pocket touchscreen computers that constantly jingle and buzz notifications, pulling their owners away from face-to-face encounters with other human beings into a constantly churning social networking vortex.
Experts who look into such things say that while social networking has its benefits — professionally, personally, politically — it’s also dumbing down the ways people communicate with each other. Having so many channels of communication has overwhelmed our ability to thoughtfully interact online, encouraging cheap and easy forms of communication.
Instead of taking the time to formulate a thoughtful reply to an online friend’s social media post, social media users tend to gravitate to using an emoji or firing off a brief comment meant to convey little more than acknowledgment.
“When you look at social media apps, particularly Facebook, the most common action is to ‘like’ something; it’s not to comment, it’s not to post, it’s to ‘like,’” Larry Rosen, co-author of  “The Distracted Mind: Ancient Brains in a High-Tech World,” told Salon. “The reason for that is because it takes minimal cognitive effort.”
Indeed, Facebook’s “like” icon has been such a popular way to communicate that last year the world’s largest social network expanded its thumbs-up icon into a suite of five “reactions” icons that represent anger, sadness, surprise, laughter and love, giving users the same depth of communication that could be taught to a chimpanzee.
These icons may be overly simplistic and ambiguous, but studies have shown that receiving even these tiny and insignificant gratifications has a neurological effect on social media users that is similar to what we feel when eating delicious food, after an intense workout, or during sex. (Anyone who has seen one of their Facebook posts amass dozens of “reactions” and comments has experienced that little boost to self-esteem.)
Facebook’s long-established resistance to adding a “dislike” button suggests it is trying to emotionally engineer its online community toward uplifting and positive interactions. This would make sense, since a happy and content (and troll-free) Facebook community is a more appealing consumer target for the company’s advertisers. Income from advertising was Facebook’s main source for its $27.64 billion in revenue and $10.22 billion in profit last year.
That Facebook is constantly tweaking what we see and how we interact on its platform has led to past controversies. In 2014, the company admitted to secretly manipulating the content on 689,000 users’ home pages in a test to measure if content could cause users to share positive or negative content on their own feeds.
The study, conducted by Facebook data scientists and researchers from Cornell University, secretly filtered users’ Facebook news feeds of comments, pictures, videos and news links from others in their social networks. One group was subjected to a flow of mostly “positive emotional content” while the other group was shown posts with “negative emotional content.” The researchers concluded that users subjected to predominantly negative or predominantly positive emotions on their news feeds were more likely to express the same emotions in their own posts.
“The emotions expressed by friends, via online social networks, influence our own moods,” the study concluded.
While Facebook won’t comment on how its system decides what users see on their news feeds, it’s clear from the study the company is aware of the relationship between user-provided content, what users see on their profiles and what kind of feedback these users might provide to their online friends. Steering users toward sharing positive and uplifting commentary is a potent incentive for advertisers, who might balk if Facebook had more negative emotional content.
So with Facebook and other social media constantly nudging you toward shallow, happy thoughts that can be turned into advertising dollars, what can users do to improve the quality of their social media communications?
Rosen, a psychology professor at California State University, Dominguez Hills, says you should consider what psychologists call your core social media group. These are the people whose so-called social capital has the most value to you. This could include family members, real-world friends, colleagues or the few social media connections who provide substantive and thoughtful feedback. (These are the people in your life who, for example, would remember your birthday without you setting up Facebook to remind them to send you a happy birthday greeting.)
“What’s really important [for better social media feedback] is to define where you want to amass your social capital from,” Rosen said. “Figure out your core ties, figure out who you want to be part of that group and focus on them.” This includes, Rosen says, using more private rather than public communication.
People use social media for many different reasons, but if you desire constructive criticism, thoughtful commentary and engaging group conversation, your best bet might just be to cull your herd of followers, cut back on social media accounts, and be more thoughtful in the content you share. There’s no emoji that can replace real effort at human interaction online.

Angelo Young is a general assignment reporter for the International Business Times. 

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