Friday, 27 December 2019

Daily Investor Update: Amazon's Ring cameras are vulnerable to hackers, lawsuit in U.S. claims

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Amazon's Ring cameras are vulnerable to hackers, lawsuit in U.S. claims

Amazon.com Inc and its Ring home security camera unit have been sued by an Alabama homeowner who said the cameras' defective design leaves purchasers vulnerable to cyberattacks.

Oil hits three-month high on falling oil stocks, investor optimism

Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally.

Global shares rise in record year-end rally, dollar slips

World equity markets scaled fresh records as a year-end rally climbed further on Friday with upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent raising global growth prospects, but the dollar weakened as risk appetite grew.

S&P 500, Dow edge up to records; Nasdaq win streak at risk

The S&P 500 and the Dow industrials edged higher to fresh records on Friday, as a year-end rally fueled by optimism over an initial U.S.-China trade deal chugged along.

Oilfield service firms have a bearish outlook for 2020: Dallas Fed

With their business outlook worsening, about half of oil field service firms plan to cut spending in 2020, the Federal Reserve Bank of Dallas said on Friday in its quarterly energy survey.

Facebook's Libra has failed in current form: Swiss president

Facebook's Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent.

Tesla set to begin deliveries of China-made Model 3 cars on Dec. 30

U.S. electric vehicle maker Tesla Inc will begin delivering Model 3 vehicles built at its Shanghai factory on Monday, a company representative told Reuters.

Turkey unveils first fully homemade car in $3.7 billion bet on electric

Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years.

China fines Toyota 87.6 million yuan over Lexus price-fixing

China's market regulator on Friday has fined Japanese carmaker Toyota Motor 87.6 million yuan ($12.5 million) for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a document on its website.

Volkswagen ahead of schedule in electric cars production

Volkswagen said on Friday that it would reach a key target in the production of electric autos earlier than previously anticipated.

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