Stocks end week with broad rally and four straight gains
Wall Street closed higher as the S&P 500 rose 1.7 percent for the week, marking a fourth consecutive weekly gain. Dow, Nasdaq, and Russell 2000 surged while technology stocks led the rally amid cooling inflation signals. Investors weighed Fed rate hikes against improving inflation data and a stronger job market.
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Scott Ladner
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FTC weighs rules to curb tech data collection practices
The FTC invites public comment on effects of data collection by tech firms and potential new rules to protect consumers' privacy. Senators push for federal privacy law as lawmakers and parents focus on social media safety amid concerns about teens and algorithmic content. Lin a Khan notes firms collect data at massive scale across contexts.
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Johnson & Johnson to replace talc powder with cornstarch formula
FTC plan to issue rules on commercial surveillance and data security gains momentum after a 3-2 vote. Democrats Khan and colleagues supported the rulemaking, while Republicans opposed it, highlighting how algorithms analyze collected data and its potential effects on consumers.
MENTIONED IN THIS ARTICLE
Ence
FTC
Khan
J and J ends talc baby powder sales worldwide next year
Johnson and Johnson will stop selling talc based baby powder globally next year after halting in the United States and Canada. Cornstarch will replace talc as the product shifts under pressure from thousands of lawsuits alleging cancer links.
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New Jersey
OSHA probes deaths at New Jersey Amazon facilities
Federal investigators are examining the deaths of three Amazon workers in New Jersey within a month including Monroe Township Robbinsville and Carteret facilities. The probes assess injury rates and safety practices amid broader scrutiny of the company, with related inspections in New York Illinois and Florida and a separate U.S. attorney inquiry into alleged safety violations and concealed injuries.
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New
Occupational Health and Safety Administration
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