Facebook failed to warn users of known risks before 2018 breach: court filing
Facebook users suing the world’s largest social media network over a 2018 data breach say it failed to warn them about risks tied to its single sign-on tool, even though it protected its employees, a court filing on Thursday showed.
Ackman eyes more gains for his fund with help of Berkshire, others
Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering “high, long-term” returns, and he expects that a newly disclosed stake in Berkshire Hathaway Inc will help boost gains.
Trump says China talks ‘productive’; Beijing vows tariff retaliation
U.S. President Donald Trump said on Thursday that U.S. and Chinese negotiators were holding “productive” trade talks and expected them to meet in September despite U.S. tariffs on over $125 billion worth of Chinese imports taking effect Sept 1.
China says U.S. block on nuclear firms a ‘misuse’ of export controls
A U.S. decision to stop China General Nuclear Power Corp (CGN) and its subsidiaries from dealing with U.S. companies was a misuse of export control measures and would harm both U.S. and Chinese firms, China’s foreign ministry said.
‘Crazy inverted yield curve’ vexes Fed, with no clear resolution
Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt.
Apple says it supports 2.4 million U.S. jobs
Apple Inc said on Wednesday it was either directly or indirectly responsible for 2.4 million U.S. jobs, up 20% from the 2 million the technology company estimated in 2017.
SoftBank convertible note helped cut WeWork losses
Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller.
Ackman confident portfolio can keep delivering strong returns: letter
Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering “high, long-term” returns and that he expects Berkshire Hathaway Inc stock to help boost gains.
Trump says trade war with China will be fairly short
U.S. President Donald Trump said on Thursday he believes China wants to make a trade deal and the trade war with Beijing will be fairly short.
Democrat wants FCC to open T-Mobile, Sprint settlement for comment
U.S. Representative David Cicilline urged Federal Communications Commission Chairman Ajit Pai on Thursday to give the public the chance to comment on a draft order that would grant agency approval to the $26 billion merger of T-Mobile US Inc and Sprint…
