Wednesday 19 February 2020

Daily Investor Update: Should Facebook, Google be liable for user posts? asks U.S. Attorney General Barr

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Should Facebook, Google be liable for user posts? asks U.S. Attorney General Barr

U.S. Attorney General William Barr on Wednesday questioned whether Facebook, Google and other major online platforms still need the immunity from legal liability that has prevented them from being sued over material their users post.

Stocks scale fresh peaks on slowing virus, dollar gains

The dollar gained while some U.S. and European equity indexes scaled fresh peaks on Wednesday after China reported another decline in new coronavirus cases and on expectations of Chinese stimulus to counter a slowdown in growth.

Fed policymakers cautiously optimistic on U.S. economy despite new risks, minutes show

Federal Reserve policymakers were cautiously optimistic about their ability to hold interest rates steady this year, minutes of the central bank's last policy meeting showed, even as they acknowledged new risks caused by the coronavirus outbreak.

Oil up more than 2% on slowing coronavirus cases, U.S. move on Venezuela

Oil prices gained more than 2% on Wednesday as worries eased about demand declining due to the spread of coronavirus cases in China, while supplies tightened as the United States moved to cut off more Venezuelan crude from the market.

Indexes climb on China stimulus hopes, hold ground after Fed minutes

U.S. stocks rose on Wednesday as optimism that China would take more measures to prop up its economy eased concerns about the economic impact of the coronavirus epidemic.

Virgin Galactic looks like newest cult stock as short sellers dig in

Wall Street's newest cult stock appears to be Richard Branson's Virgin Galactic Holdings Inc , as investors drive the space tourism stock to sky-high levels and short sellers dig in their heels.

Exclusive: Google users in UK to lose EU data protection - sources

Google is planning to move its British users' accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, sources said.

Business jet deliveries hit decade high in 2019, helped by new models

Business jet deliveries across the globe hit a decade high in 2019, the General Aviation Manufacturers Association (GAMA) said on Wednesday, helped by strong market demand for new models.

U.S. housing starts fall, building permits near 13-year high

U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength that could help keep the longest economic expansion in history on track.

Boeing, crash victims' lawyers negotiate over access to 737 MAX documents

Boeing Co and lawyers representing families of victims of a 737 MAX crash agreed in court on Wednesday to hold a conference call with U.S. government crash probe authorities over access to documents related to the now-grounded aircraft's design, development and two fatal disasters involving it.

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