Friday, 4 October 2019

Daily Investor Update: FBI director warns Facebook could become platform of 'child pornographers'

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FBI director warns Facebook could become platform of 'child pornographers'

FBI Director Christopher Wray said Friday that Facebook Inc's proposal to encrypt its popular messaging program would turn the platform into a "dream come true for predators and child pornographers."

Tesla automated parking problems seen liability of app 'driver' for now

Tesla Inc owners summoning their driverless cars in parking lots are likely liable for crashes, lawyers said after a series of internet videos showed problems with cars running new software.

U.S. airlines grapple with 'unfair tax' that adds to aircraft supply disruption

U.S. airlines are scrambling to digest a new 10% tariff on European-made Airbus planes that threaten additional havoc in a market already reeling from frozen deliveries of Boeing Co's 737 MAX.

Spain says it will respond with strength to new U.S. tariffs

Spain has summoned the U.S. ambassador in Madrid to express its complete rejection of any new U.S. tariffs on European Union goods and will press for strong counter measures if they are confirmed, the acting government said on Friday.

Trump hails 'nice victory' on trade as EU whisky, wine makers left reeling

President Donald Trump hailed a "nice victory" on Thursday after the United States got the green light to place tariffs on European Union goods in a dispute over EU aircraft subsidies.

Cheesed-off European dairy producers dismayed at U.S. tariffs

European cheese makers complained on Thursday of being held "hostage" in a transatlantic trade battle that had nothing to do with them after the United States slapped 25% tariffs on the sector in retaliation for state aid to aerospace group Airbus.

U.S. states fight back against Purdue's bid to halt opioid lawsuits

U.S. state officials launched a legal counterattack on Friday against Purdue Pharma LP's attempt to shield itself and its controlling Sackler family from thousands of lawsuits claiming the OxyContin maker helped fuel the opioid epidemic.

U.S. unemployment rate hits 3.5%; job growth moderate

The U.S. unemployment rate dropped to near a 50-year low of 3.5% in September, with job growth increasing moderately, suggesting the slowing economy could avoid a recession for now despite trade tensions that are hammering manufacturing.

'Goldilocks' jobs data propels Wall St to best day in a month

Wall Street jumped on Friday as moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the world's largest economy may be sliding into a recession.

Fighting GM puts a financial squeeze on striking union workers

While striking workers at General Motors Co's U.S. auto plants continue walking picket lines for a third week to demand better pay and benefits, the financial pressure has mounted for union members like Frank Lee.

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