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POPULAR NEWS
Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing...

Hong Kong Stocks Head Into Weekend On Strong Note (Review)

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row. The Hang Seng Index rose 1.73 percent, or 475.91 points, to close at 27,953.58. The benchmark Shanghai Composite Index soared 2.50 percent, or 68.24 points, to 2,797.48, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.77 percent, or...

Facebook Faces First Fine in Data Scandal Involving Cambridge Analytica
Thursday, 12 July 2018 10:52 WIB | GLOBAL |Inggris

Facebook will be facing its first fine in the wake of the Cambridge Analytica scandal, in which the social media platform allowed the data mining firm to access the private information of millions of users without their consent or knowledge.

A British government investigative office, the Information Commissioner's Office (ICO), fined Facebook 500,000 pounds, or $663,000 - the maximum amount that can be levied for the violation of British data privacy laws. In a report, the ICO found Facebook had broken the law in failing to protect the data of the estimated 87 million users affected by the security breach.

The ICO™s investigation concluded that Facebook "contravened the law by failing to safeguard people™s information," the report read. It also found that the company failed to be transparent about how people™s data was harvested by others on its platform.

Cambridge Analytica, a London firm that shuttered its doors in May following a report by The New York Times and The Observer chronicling its dealings, offered œtools that could identify the personalities of American voters and influence their behavior, according to a March Times report.

Source: VOA news

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POPULAR NEWS
Dow marks 2nd all-time high in a row but tech stocks weigh on broader market

The Dow Jones Industrial Average notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing...

Hong Kong Stocks Head Into Weekend On Strong Note (Review)

Hong Kong stocks posted a fourth day of gains Friday to end the week with a sparkle following a record close on Wall Street, with investors concentrating on the healthy US economy rather than the China-US trade row. The Hang Seng Index rose 1.73 percent, or 475.91 points, to close at 27,953.58. The benchmark Shanghai Composite Index soared 2.50 percent, or 68.24 points, to 2,797.48, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.77 percent, or...

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