NEW YORK—U.S. stocks closed higher on Wednesday as rising crude prices boosted energy shares and a swath of positive U.S. data suggested inflation has crested and the economic recovery remains robust, boosting investor sentiment. All three major U.S. stock indexes gathered strength as the session progressed, with economically sensitive cyclicals, smallcaps and transportation stocks leading…
Wall Street Gains as Crude Price Surge, Strong Economic Data Prompt Broad Rally
September 16, 2021
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DoorDash Sues New York City Over Customer Data Law, Second Lawsuit in Week
September 16, 2021
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NEW YORK—DoorDash Inc. sued New York City on Wednesday over a new law requiring food delivery companies to share customer data with restaurants, saying it violates customer privacy and lets restaurants compete unfairly. The lawsuit is the latest battle in a series of legal clashes between food delivery app companies and cities. It was filed…
Italy Data Authority Asks Facebook for Clarifications on Smart Glasses
September 11, 2021
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MILAN—Italy’s data protection authority said on Friday it has asked Facebook to provide clarifications over the social media giant’s newly launched smart glasses to assess whether the product is compliant with privacy laws. Facebook smart glasses which were created in partnership with Ray-Ban maker EssilorLuxottica, allow wearers to listen to music, take calls or capture…
European Stocks Slip Ahead of PMI, U.S. Jobs Data
European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth dented the mood. The pan-European STOXX 600 index was down 0.2 percent by 0723 GMT but on track for small weekly gains. Rate-sensitive banks and financial services were among the…
European Stocks Slip Ahead of PMI, US Jobs Data
September 3, 2021
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European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth dented the mood. The pan-European STOXX 600 index was down 0.2 percent by 0723 GMT but on track for small weekly gains. Rate-sensitive banks and financial services were among the…
US Companies Are Selling Data on Active-Duty Military Members: Report
At least three of America’s largest data brokers are potentially harming national security by selling information on U.S. active-duty military personnel, according to new research from Duke University. Data brokers are companies that buy and sell online information in bulk—facilitating legitimate business such as credit scoring, advertising, and research. However, critics say the industry is…
T-mobile Breach Hits 53 Million Customers as Probe Finds Wider Impact
T-Mobile US Inc said on Friday an ongoing investigation into a data breach revealed that hackers accessed personal information of an additional 5.3 million customers, bringing the total number of people affected to more than 53 million. The third largest U.S. wireless carrier had earlier this week said that personal data of more than 40…
China Steps up Tech Scrutiny With Rules Over Unfair Competition, Critical Data
August 18, 2021
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SHANGHAI—The Chinese regime moved on Tuesday to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data. Beijing has been firming its grip on internet platforms in recent months, citing the risk of abusing market power to stifle competition, misuse of consumers’ information, and violation…
‘The Battle Over Data Is Also the Battle Over the Future’: Dr. Arthur Herman on US–China Data War
In this special episode, we sat down with Dr. Arthur Herman, senior fellow at the Hudson Institute and director of the Quantum Alliance Initiative. He sheds light on the U.S.–China data war and the global race for quantum computing, and what that means for the future. Herman said, “The risks are that it’s not just…
China Signals Crackdown on Privacy, Data, Anti-Trust to Continue
BEIJING—The Chinese regime said it will draft new laws on national security, technology innovation, monopolies, and education, as well as in areas involving foreigners, the Chinese Communist Party, and the government in a document published late on Aug. 11. The announcement signals that a crackdown on industry with regard to privacy, data management, antitrust, and…
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