AGs Meet Over Social Media Privacy Without Decision
A meeting at the Justice Department among state attorneys general and Attorney General Jeff Sessions focused on consumer protection and data privacy on online platforms. Attendees included AGs from California, Alabama, Louisiana, Maryland, Mississippi, Nebraska, Tennessee, Utah and Washington DC, with deputies from five other states.
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Jeff Sessions
Justice Department
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Xavier Becerra
Alabama
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Maryland
Mississippi
Nebraska
Tennessee
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Washington, D.C
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Stocks slip as rates rise and oil climbs boost energy
Major U.S. indexes ended lower on Tuesday with the S&P 500 down 0.1 percent to 2,915.56 as rising rates pressure high dividend stocks and higher oil prices weigh on airlines and transport firms. Oil gained after OPEC talks without output increases, while the Dow fell 0.3 percent to 26,492.21 and the Nasdaq rose 0.2 percent to 8,007.47. The 10 year yield climbed to 3.10 percent ahead of the Fed policy update and Powell briefing.
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Nike bucks forecasts with rising profits and revenue
Nike reports for the quarter ended August 31 net income up 15 percent to 1.09 billion dollars and revenue up 10 percent to 9.95 billion, beating expectations. FIFA World Cup and athleisure trends buoyed results while ad campaigns featuring Colin Kaepernick and Tiger Woods fuel ongoing brand drama.
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Instagram founders exit sparks Facebook era fears anew
The departure of Instagram founders Kevin Systrom and Mike Krieger raises questions about the app's future under Facebook. Analysts note Instagram's growth remains strongest among Facebook properties, but Wall Street pressure to boost revenue could push ads and data use, changing the platform's character.
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San Francisco
Kevin Systrom
Mike Krieger
Instagram
Facebook
Omar Akhtar
Altimeter
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WhatsApp
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