Facebook focuses on policing content amid profits risk
Facebook CEO Mark Zuckerberg said combating abusive and problematic content is essential even as it affects profitability. The company reported third quarter profit of 4.71 billion dollars, while lawmakers pressed on Russia-linked accounts and a claim that up to 126 million users may have seen content from a Russian troll farm.
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Fed upbeat on economy signals steady rates likely to rise
Federal Reserve officials presented an upbeat view of the economy noting solid growth despite hurricane disruptions. They expect a rate hike at the next meeting, with labor market gains and easing inflation shaping the outlook. Jerome Powell expected to replace Janet Yellen as chair.
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U.S. auto sales slip in October amid mixed gains
October U.S. auto sales fell 1.3 percent from a year earlier as demand cooled despite gains at Ford Nissan Toyota and VW. Fiat Chrysler GM and Hyundai posted declines while hurricane repairs boosted replacements and discounts rose to a new October high.
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