New Facebook bug exposed photos of up to 6.8 million users
Facebook Inc said it had fixed a bug that may have exposed private photos of up to 6.8 million users, the latest in a string of glitches that have caused regulators around the world to investigate the social media giant’s privacy practices.
Atlanta Fed raises U.S. fourth-quarter GDP growth view to 3 percent
The U.S. economy is expanding at a 3.0 percent annualized rate in the fourth quarter based on steady retail sales growth and stronger-than-forecast industrial output in November, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.
Global growth worry hits stocks, but dollar gains on U.S. data
A gauge of global stocks tumbled on Friday after weak economic data from China and Europe exacerbated worries about global growth as investors considered the broader impact of the trade dispute between the United States and China.
Trump praises China move on autos, says trade deal could happen soon
U.S. President Donald Trump welcomed China’s move on Friday to suspend additional tariffs on U.S.-made vehicles, saying it could help push forward a larger trade deal with Beijing.
Macron calls Ford’s decision over Bordeaux plant ‘hostile’
French President Emmanuel Macron said on Friday that Ford’s decision to end production at its plant in Blanquefort, southern France next year was “hostile” and said his government was actively seeking a buyer for the site.
Deutsche Telekom reviews Huawei ties; Orange says no on 5G
Huawei [HWT.UL] faces fresh challenges in Europe after Germany’s Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France.
Facebook discovers bug that may have affected up to 6.8 million users
Facebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos.
J&J shares drop on report company knew of asbestos in baby powder
Shares of Johnson & Johnson fell over 6 percent on Friday, on track to post their biggest percentage drop in more than a decade, after Reuters reported that the pharma major knew that its baby powder was contaminated with cancer-causing asbestos. The decline in shares wiped off about $24 billion from the company’s market capitalization and made the stock the biggest drag on the Dow Jones Industrial Average and S&P 500 indexes.
U.S. consumer spending strengthening in boost to economy
U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the American economy even as the outlook overseas continued to dar…
Rising global growth fears pull down Wall Street
U.S. stocks fell 0.8 percent on Friday, as weak economic data from China and Europe exacerbated global growth fears and added to nerves about the U.S.-China trade talks.
