LONDON—World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of solid corporate earnings helped counter concerns about elevated inflationary pressures. Oil prices took a breather from their eye-catching rise in recent weeks while the worrying trend of flattening global government bond yield curves paused, helping investors recoup…
World Stocks at 1-Month High as Bond Yields Soften
October 19, 2021
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S&P, Nasdaq Enjoy Boost From Big Tech Firms, Dow Ends a Hair Lower
October 19, 2021
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The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc. and appeared optimistic about the third-quarter earnings season. After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with…
Thousands Protest Against Vaccine Mandates at ‘NYC Broadway Rally for Freedom’
October 18, 2021
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MANHATTAN, New York—What was initially a crowd of hundreds protesting against vaccine mandates and biased media had grown to thousands by 1 p.m. on Saturday in the heart of New York City. On adjacent corners in Times Square, people of almost all ethnic backgrounds could be seen holding signs demanding “bodily autonomy” and a pro-choice…
Wall Street Falls on Slowing China Growth, Inflation Worries
October 18, 2021
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Wall Street’s main indexes fell on Monday as economic growth in China slowed, while a relentless surge in oil prices fueled concerns about elevated inflation. Data showed China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages and wobbles in the property sector. “There is some…
Facebook Plans to Hire 10,000 in EU to Build ‘Metaverse’
October 18, 2021
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Facebook plans to create 10,000 jobs in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse—an online world where people can use different devices to move and communicate in a virtual environment. Chief Executive Mark Zuckerberg has been talking up metaverse since July…
Futures Edge Lower Ahead of Earnings, Inflation Worries Persist
October 18, 2021
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U.S. stock index futures edged lower on Monday, led by technology shares, ahead of a slate of earnings reports this week, while a relentless surge in oil prices fueled concerns about elevated inflation. Facebook Inc., Google-parent Alphabet, Microsoft Corp., Amazon.com Inc., Intel Corp., and Advanced Micro Devices Inc. slipped between 0.1 percent and 0.7 percent….
Apple Worker Says She Was Fired After Leading Movement Against Harassment
October 16, 2021
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SAN FRANCISCO—An Apple employee who led fellow workers in publicly sharing instances of what they called harassment and discrimination at the company said on Thursday that she had been fired. Janneke Parrish, an Apple program manager, said the iPhone maker informed her on Thursday that she had been terminated for deleting material on company equipment…
Big Tech to Face Another Bipartisan US Antitrust Bill
October 16, 2021
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WASHINGTON—A bipartisan group of lawmakers, headed by Sens Amy Klobuchar (D-Minn.) and Chuck Grassley (R-Iowa), plan to introduce a bill that would bar Big Tech platforms, like Amazon and Alphabet’s Google, from favoring their products and services. Amazon, for example, has been accused of using data from third-party sellers to determine what products it would…
Square CEO Dorsey Says Looking to Build a Bitcoin Mining System: Tweet
October 16, 2021
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Square Inc. Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses. This would add to Square’s existing bitcoin-focused projects including a business to build an open developer platform, as well as a…
Facebook Updates Harassment Policy to Protect Public Figures, Journalists, and Activists
Facebook announced updates to its harassment policy on Wednesday to protect public figures, journalists, and activists from harmful content and attacks, according to a new statement from the social media giant. The changes follow the recent congressional testimony of Facebook whistleblower Frances Haugen, who shared concerns about the company’s practices. Haugen, a former product manager…
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