Markets end week higher as tech leads but oil slips
U S stocks closed Friday with the S&P 500 up 0.2 percent and the Nasdaq up 0.4 percent, after a wide rally on Monday that helped a 3.2 percent weekly gain. energy shares fell as crude futures dropped, while bond yields were mixed and investors awaited Memorial Day markets closure. The week saw renewed hopes for a U S economic rebound and progress on vaccines amid concerns about ongoing Covid 19 infections and reopening risks.
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Privacy concerns rise as care19 tracing app shares data
The Carel9 contact tracing app endorsed by North Dakota and South Dakota governors allegedly shared location and user IDs with third parties including Foursquare BugFender and Google Jumbo Privacy reports reveal code sent data to third parties while app claimed not to. Officials call it voluntary opt in and dispute privacy violations despite ongoing downloads in both states.
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Loughlin and Giannulli plead guilty in college admissions case
Full House star Lori Loughlin and husband Massimo Giannulli pleaded guilty to paying half a million dollars to get their daughters into USC as part of the college admissions bribery scheme. A judge, Nathaniel Gorton, will decide whether to accept their deals after a presentencing report, with sentencing set for August 21.
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Courts toss West coal moratorium suit
A Montana judge dismissed a coalition suit seeking to revive the Obama era moratorium on public lands coal sales. The ruling holds the Trump administration met immediate legal duties with a February environmental analysis and prevents a review of its flaws unless a new suit is filed.
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