Friday, 23 March 2018

Daily Investor Update: U.S. lawmakers formally ask Facebook CEO to testify on user data

U.S. lawmakers formally ask Facebook CEO to testify on user data

WASHINGTON (Reuters) - U.S. lawmakers on Friday formally asked Facebook Inc's Mark Zuckerberg to explain at a congressional hearing how 50 million users' data got into the hands of political consultancy Cambridge Analytica.

Wall Street tumbles on trade war fears; tech, financials weigh

NEW YORK (Reuters) - Wall Street's three major indexes tumbled in late afternoon trading on Friday as investors shied away from risky bets going into the weekend while they braced for a potential U.S. trade war with China.

Dropbox shares surge in biggest tech debut since Snap

(Reuters) - Dropbox Inc's shares soared by as much as 50 percent in their first day of trading on Friday as investors rushed to buy into the biggest technology initial public offering in more than a year even as the wider tech sector languished.

Ex-Cambridge Analytica insider says firm worked for pro-Brexit group: report

LONDON (Reuters) - A former Cambridge Analytica political consultant said the company's management misled the British public about work the firm did for a pro-Brexit group before the vote to leave the European Union, the Guardian reported on Friday.

UK High Court grants Cambridge Analytica search warrant to ICO

(Reuters) - A British High Court judge has granted an application by the country's data protection watchdog for a warrant to search Cambridge Analytica's London offices, the Information Commissioner's Office (ICO) said on Friday.

China urges U.S. away from 'brink' as Trump picks trade weapons

BEIJING/SHANGHAI (Reuters) - China urged the United States on Friday to "pull back from the brink" as President Donald Trump's plans for tariffs on up to $60 billion in Chinese goods moved the world's two largest economies closer to a trade war.

U.S., South Korea on verge of trade deal: Trump

WASHINGTON (Reuters) - The United States and South Korea could announce a trade deal next week that would cover an exemption from U.S. steel and aluminum tariffs and other trade issues, President Donald Trump and his commerce secretary said on Friday.

Qualcomm re-elects board of directors with tepid support

SAN DIEGO (Reuters) - Qualcomm Inc re-elected its board of directors on Friday with weak support from shareholders, who grilled the U.S. chipmaker over its strategy following its successful defense against a $117-billion hostile bid from Broadcom Ltd .

Success for Uber's direct loan despite driverless fatality

NEW YORK (LPC) - Uber Technologies' self-arranged term loan B was increased to US$1.5bn, justifying the taxi app company's unconventional approach to raising the loan and succeeding despite news that one of the company's self-driving cars had killed a pedestrian.

Goldman Sachs CEO Blankfein sees 9 percent pay hike in 2017

(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein saw his overall compensation rise 9 percent, despite the investment bank's lackluster performance in 2017.

Total to start drilling deepwater oil well in Mexico block in Oct

MEXICO CITY, March 23 (Reuters) - French oil major Total will begin drilling its first deepwater exploration well at a block it operates in the Gulf of Mexico in October, according to a plan approved on Friday by Mexico's National Hydrocarbons Commission (CNH).

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