U.S. stocks edge higher on energy and tech gains
U.S. stocks rose modestly Friday with energy and industrials leading gains while Alta and Adobe rose on strong results. Tiffany fell after weak sales, while Overstock and Wayfair slumped amid price war worries. major indices posted mixed moves and factory output rose 1.2 percent in February.
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New York
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Alta
Adobe
Tiffany
Donald Trump
Broadcom
Qualcomm
The
Federal Reserve
Facebook accused of spying on employees in leak investigations
A Guardian report says Facebook uses both online and real world surveillance and legal threats to curb leaks and monitor worker activity. An anonymous employee described a raid by a “rat-catching team” after a supposed leak and likened it to Mark Zuckerberg’s secret police.
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Silicon Valley
Facebook
Menlo Park
Mark Zuckerberg
The
Guardian
Courts void Obama era fiduciary rule in Fifth Circuit ruling
The Fifth Circuit vacated the fiduciary rule requiring retirement account managers to act in clients’ interests, citing a Trump era reevaluation and noting market impact including withdrawals by major firms. The decision cites ongoing non moot status and adds pressure amid similar Tenth Circuit affirmation. Wells Fargo seeks extended notices and deadlines in a separate class action over unauthorized accounts. L.L. Bean reports slight sales dip, 500+ early retirements, 100 planned cuts, and store openings as it retools for growth.
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U.S. Chamber of Commerce
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U.S. Court of Appeals For the Fifth Circuit
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Vince Chhabria
Wells Fargo
Jim Seitz
Freeport
Maine
L.L. Bean
Steve Smith
Smith
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