BC-APFN-Business News Digest
May. 18, 2018
This is a digest of AP Business News stories moving overnight or in the morning. The business desk will reopen at 6 a.m. If you have issues overnight please call 212-621-1600. All times EDT.
AP EXPLAINS-EUROPEAN DATA PRIVACY — New rules taking effect on May 25 will give Europeans more privacy and data-protection rights, even when dealing with companies located elsewhere. Here's a look at the General Data Protection Regulation and what it means. By Anick Jesdanun. UPCOMING: 600 words, photos by 3 a.m.
With: AP EXPLAINS-EUROPEAN DATA PRIVACY-EXAMPLES — Companies large and small are updating their privacy policies and service terms to comply with upcoming European Union rules governing data and privacy. Only EU users are technically covered by the rules, but many companies are making broader changes anyway — to some degree. By Anick Jesdanun. UPCOMING: 600 words, photos.
TESLA SAFETY-FACT CHECK — For years, Tesla has boasted that its cars and SUVs are safer than other vehicles on the roads, and CEO Elon Musk doubled down on the claims in a series of tweets this week. The claims are partly true but not quite right. By Tom Krisher, 964 words by 3 a.m. with photos.
RISING INTEREST RATES-EFFECTS — Interest rates are on the rise, and that can be a good or bad thing depending on whether you're saving or borrowing. For savers, it's a long-awaited win, as rates on money markets accounts and certificates of deposit finally creep higher. For borrowers, loans for a car or house are getting more expensive and interest rates for credit-card purchases are at an eight-year high. By Stan Choe. UPCOMING: 325 words, photo, graphics at 7 a.m.
MARKETS & ECONOMY:
FINANCIAL MARKETS — A report on global markets, starting in Asia and updated through the close of trading on Wall Street.