Spring has sprung -- just not in U.S. stocks, where a harrowing week has walloped traders with echoes of February’s correction.In the past five years, there have been only two other stretches with losses of this magnitude. The S&P 500 Index is down 6 percent. And the picture looks just as bad for the Dow…
Attorney General Jeff Sessions on Friday formally proposed a ban on bump stocks, the firearms accessory that allows semi-automatic guns to fire more quickly, similar to a fully automatic weapon.The proposal seeks to fulfill a promise made by President Donald Trump after the Feb. 14 massacre at a Florida high school and comes a day…
Mr. Zuckerberg said the company would investigate apps like the third-party quiz app that had previously obtained access to “large amounts of information” from the social network. He also said the company would restrict third-party developers’ access. Video Why Leaving Facebook Doesn’t Always Mean Quitting Facebook In the wake of the Cambridge Analytica scandal, in…
Zuckerberg: The first thing is, I really wanted to make sure we had a full and accurate understanding of everything that happened. I know that there was a lot of pressure to speak sooner, but my assessment was that it was more important that what we said was fully accurate. The second thing is, the…
President Donald Trump is set to announce about $50 billion of tariffs against China over intellectual-property violations on Thursday, according a person familiar with the matter.The president is considering targeting more than 100 different types of Chinese goods, according to the person, who spoke on the condition of anonymity. The value of the tariffs was…
A jittery overnight session for U.S. stock futures again turned volatile just before dawn in New York, as investors braced for an announcement from President Donald Trump that could levy tariffs on more than 100 types of Chinese goods.Futures on the S&P 500 Index fell as much as 0.8 percent to a session low after…
The developments have taken a toll internally, said the seven people briefed on the matter, who asked not to be identified because the proceedings were confidential. Some of the company’s executives are weighing their own legacies and reputations as Facebook’s image has taken a beating. Several believe the company would have been better off saying…
The firm’s so-called psychographic modeling techniques, which were built in part with the data harvested from Facebook, underpinned its work for the Trump campaign in 2016, though many have questioned their effectiveness. Less noticed has been the work that Cambridge Analytica and its parent company, the SCL Group, have done outside the United States. The…
Facebook Inc. tried to get ahead of its latest media firestorm. Instead, it helped create one.The company knew ahead of time that on Saturday, the New York Times and The Guardian’s Observer would issue bombshell reports that the data firm that helped Donald Trump win the presidency had accessed and retained information on 50 million…
Donald Trump has spent three days attacking Special Counsel Robert Mueller’s Russia investigation, but the most senior Republican in Congress has remained noticeably silent amid growing GOP concerns the president may fire the prosecutor.Senate Majority Leader Mitch McConnell has yet to comment on Trump’s Twitter assault on Mueller, which culminated Monday in the president’s decision…
