Apple to boost ads business as iPhone changes hurt Facebook

Ruben Onsu
Enlarge / Tim Cook, chief executive officer of Apple Inc., speaks about the new iPhone during an event at the Steve Jobs Theater in Cupertino, Calif. on Sept. 10, 2019.

Bloomberg

Apple will expand its advertising business, according to two people familiar with its plans, just as it brings in new privacy rules for iPhones that are likely to cripple the ads offered by its rivals, including Facebook.

The iPhone maker already sells search ads for its App Store that allow developers to pay for the top result. In searches for “Twitter,” for example, the first result is currently

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The business case for sustainable investing is emerging

Ruben Onsu

Nestle is maintaining growth despite committing billions of dollars towards improving the company’s environmental footprint, CEO Mark Schneider told CNBC Thursday.

“Today’s consumer asks even more than before for sustainability. They want to know that we are treating the planet well, they want to know we’re taking care of the next generation,” he said in an interview with Jim Cramer on “Mad Money.”

“I think there’s a good business case emerging and that’s what we’re pursuing,” said Schneider, whose interview landed on Earth Day.

As laid out in its sustainability strategy, Nestle plans to reduce emissions within its

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Apple plans to expand ads business

Ruben Onsu

National Review

Apple’s New Privacy Policy Shaking Up Ad Industry

Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Apple rolls out expanded ads business, jobless claims hit new low, quant funds stage a comeback, and Google’s new privacy policy. To sign up for the Capital Note, follow this link. Apple Ads Apple is reportedly expanding its advertising business, adding to the App Store’s sponsored-apps offerings just as it institutes a new privacy policy that makes it more difficult for competitors to target ads. At present, Apple generates $2 billion by boosting

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House lifting is big business following a record year of storms

Ruben Onsu

With storms intensifying, rainfall increasing and sea levels rising, waterfront property owners have to get more creative. For some, that means moving to higher ground, but for others, it’s just moving the house higher.

House lifting has long been a strategy for waterfront real estate, but it is now becoming a far bigger business due to climate change.

“The more that things flood, the more there’s going to be a need for it,” said Mike Brovont of Wolfe House and Building Movers. He’s been in the house-lifting business for more than two decades.

Brovont points to flooding hot spots like

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Exxon floats $100 bln carbon storage project requiring public, private financing

Ruben Onsu

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

Exxon Mobil (XOM.N) on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in deep under the Gulf of Mexico.

The plan would require “$100 billion or more” from companies and government agencies to store 50 million metric tons of CO2 by 2030, with capacity potentially doubling by 2040, Joe Blommaert, president of Exxon’s Low Carbon Solutions

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Inside the GOP’s tense fallout with the big business lobby

Ruben Onsu

Recalling the encounter to CNN last week, Tenney said she asked Sullivan, “Why did you endorse someone who is against all the policies, who’s, like, voted for everything in New York that really was not really good for business, but was good for the trial bar, and it exposed many of us to liability?”

Sullivan handled it graciously, Tenney said, and didn’t seem surprised by the round of complaints. “He said ‘I kind of knew I was gonna get this,'” she said of the February meeting of Republican members of the House Small Business Committee.

For the Chamber, the … read more