Stock close higher ... Twitter shares tumble ... YouTube promising crackdown on fake news
NEW YORK (AP) — Stocks climbed with other markets today as concerns about trade tensions between the United States and the rest of the world took a back seat. The calendar for upcoming weeks is full of corporate earnings report, and the expectation is for another quarter of strong growth. The S&P 500 rose 24 to 2,784, the Dow jumped 320 to 24,776, while the Nasdaq composite gained 67 to 7,756.
NEW YORK (AP) — Twitter shares tumbled today after a news report quantified its purge of fake and malicious accounts. The Washington Post reports Twitter suspended 70 million accounts in May and June. Twitter shares fell more than 9 percent amid fears that the removals could dent the company’s reported user figures.
NEW YORK (AP) —YouTube says is promising a crackdown on misinformation and news organizations that support it. The company says it will make “authoritative” news sources more prominent, especially during breaking news events when false information can spread quickly. YouTube says it will show users a short text preview of a news article in search results. The aim is to counter the quick and often fake videos that can proliferate immediately after shootings, natural disasters and other major happenings.
WASHINGTON (AP) — President Donald Trump says the U.S. opposed a resolution at the U.N.-affiliated World Health Assembly to encourage breastfeeding because it called for limits on the promotion of products like infant formula. Government doctors and scientists have long called attention to the health benefits of breastfeeding, both in economically advanced countries and developing nations. In a tweet, Trump said “the U.S. strongly supports breast feeding” women shouldn’t be denied access to formula.
SAN FRANCISCO (AP) —Uber is getting into the scooter-rental business. The ride-hailing company says it’s investing in Lime, a startup based in San Mateo, California, and will add Lime scooters to the Uber mobile app. Uber says it wants to be “a one-stop shop for all your transportation needs.”