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POPULAR NEWS
Gold futures end lower for the session, but tally a 5th straight weekly gain

Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment. August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data. Source: Marketwatch

Gold Heads For Weekly Gain As It Holds Above $1,800 An Ounce

Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic outlook. August gold was up $11.80, or 0.7%, at $1,815.60 an ounce on Comex, while September silver rose 17.3 cents to $19.135 an ounce. Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September...

Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest...

Hong Kong Stocks End With Deep Losses (Review)

Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures. The Hang Seng Index shed 1.84 percent, or 482.75 points, to 25,727.41. The benchmark Shanghai Composite Index fell 1.95 percent, or 67.27 points, to 3,383.32 while the Shenzhen Composite Index on China's second exchange lost 0.31 percent, or 6.95 points, to...

Dow rises 200 points on positive coronavirus treatment news, airlines

Stocks rose in choppy trading Friday as traders digested news about a potential coronavirus treatment as well as another record spike in virus cases. The Dow Jones Industrial Average traded 200 points higher, or 0.8%. The S&P 500 climbed 0.4%. The Nasdaq Composite lagged, trading just below the flatline. Gilead Sciences said its coronavirus treatment candidate, remdesivir, œwas associated with an improvement in clinical recovery and a 62 percent reduction in the risk of mortality...

Democratic Lawmakers Raise Concerns Over TikTok Privacy Regulations
Friday, 29 May 2020 23:46 WIB | GLOBAL |Global

Fourteen Democratic members of the U.S. House of Representatives' Energy and Commerce Committee are requesting that Federal Trade Commission regulators investigate the popular video app TikTok for violations of children's privacy.

The Energy and Commerce Committee conducts oversight on the FTC's privacy unit. The lawsuit filed Thursday follows claims submitted by the Center for Digital Democracy, the Campaign for a Commercial-Free Childhood and others that TikTok failed to remove videos posted by children under the age of 13, which it had previously agreed to do in a 2019 agreement with the FTC.

The FTC fined TikTok $5.7 million in February 2019 over lax enforcement of measures designed to ensure children's privacy.

In addition to removing videos of underage children, the FTC also required the company to comply with all aspects of the Children's Online Privacy Protection Act (COPPA) in the future.

The 2019 case alleged that TikTok neglected to implement blocks against the collection of tweens' personal data and did not permit parents to request that their child's data be deleted ” if the parents were even aware that personal data was being collected in the first place.

After the FTC ruling, TikTok introduced an under-13 section of the app that does not permit the dissemination of personal information. Last month, the Family Pairing feature was announced, which provides parents with a way to implement restrictions on all teenage accounts, not just those under 13.

The Democratic lawmakers say that failure to comply with the FTC's mandate violates COPPA.

"The blatant disregard for the consent decree could encourage other websites to fail to adhere to settlements made with your agency, thereby weakening protections for all Americans," the letter to the FTC said.

The Chinese-owned app has been downloaded 1.9 billion times internationally, including 172 million times in the United States, The New York Times reported. Its popularity has soared since the onset the coronavirus pandemic and worldwide shelter-in-place orders, achieving record first-quarter growth.

The U.S. government has previously expressed doubts regarding the trustworthiness of the app, citing its Chinese origins. Several branches of the U.S. military, for example, have prohibited personnel from creating an account, and at least one senator has proposed legislation to ban use for federal employees.

The lawmakers' letter to the FTC comes after two Republican members of the Energy and Commerce Committee wrote a letter to the CEO of TikTok's parent company, ByteDance.

Representatives Greg Walden and Cathy McMorris Rodgers requested that the company disclose its data-collection practices for Americans and how that data is shared with the Chinese Communist Party or other Chinese state entities.

According to The Hill, TikTok has previously stated it stores American user data in Singapore and denies that it shares information with the Chinese government.

Source: VOA news

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POPULAR NEWS
Gold futures end lower for the session, but tally a 5th straight weekly gain

Gold futures ended lower on Friday, pulling back in the wake of the nearly nine-year high they reached earlier this week. Prices for the week, however, gained roughly 0.7%, as the spread of COVID-19 continued to raise the metal's appeal as a safe-haven investment. August gold fell $1.90, or 0.1%, to settle at $1,801.90 an ounce. Prices on Wednesday had settled at $1,820.60, the highest for a most-active contract since Sept. 14, 2011, according to FactSet data. Source: Marketwatch

Gold Heads For Weekly Gain As It Holds Above $1,800 An Ounce

Gold futures traded modestly higher Friday, on track for a weekly gain as the yellow metal remained above $1,800 an ounce, buoyed by a fall in bond yields and a desire to hedge against risk amid continued uncertainty over the economic outlook. August gold was up $11.80, or 0.7%, at $1,815.60 an ounce on Comex, while September silver rose 17.3 cents to $19.135 an ounce. Gold futures ended lower on Thursday, pulling back a day after scoring another settlement at the highest since September...

Oil climbs, but U.S. benchmark ends lower for the week as IEA warns of coronavirus risk

Oil futures climbed on Friday, buoyed by positive results tied to a COVID-19 treatment, but U.S. prices ended lower for the week as a report from the International Energy Agency cautioned that weaker demand caused by the coronavirus pandemic will linger, even if the worst of the hit to economies has subsided. August West Texas Intermediate crude rose 93 cents, or about 2.4%, to settle at $40.55 a barrel on the New York Mercantile Exchange, after sliding 3.1% on Thursday to hit the lowest...

Hong Kong Stocks End With Deep Losses (Review)

Hong Kong stocks closed sharply lower Friday, in line with an Asia-wide sell-off, with investors also spooked by fresh infections in the city that have led to the reimposition of containment measures including school closures. The Hang Seng Index shed 1.84 percent, or 482.75 points, to 25,727.41. The benchmark Shanghai Composite Index fell 1.95 percent, or 67.27 points, to 3,383.32 while the Shenzhen Composite Index on China's second exchange lost 0.31 percent, or 6.95 points, to...

Dow rises 200 points on positive coronavirus treatment news, airlines

Stocks rose in choppy trading Friday as traders digested news about a potential coronavirus treatment as well as another record spike in virus cases. The Dow Jones Industrial Average traded 200 points higher, or 0.8%. The S&P 500 climbed 0.4%. The Nasdaq Composite lagged, trading just below the flatline. Gilead Sciences said its coronavirus treatment candidate, remdesivir, œwas associated with an improvement in clinical recovery and a 62 percent reduction in the risk of mortality...

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