What's News: Business & Finance -- WSJ

Date : 08/09/2019 @ 8:02AM
Source : Dow Jones News
Stock : Facebook Inc (FB)
Quote : 186.725  -0.465 (-0.25%) @ 4:21PM

What's News: Business & Finance -- WSJ

Facebook (NASDAQ:FB)
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2 Months : From Jul 2019 to Sep 2019

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This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (August 9, 2019).

An FBI effort to more aggressively monitor social media for threats sets up a clash with Facebook's privacy policies and possibly its attempts to comply with a recent FTC settlement.

Facebook is offering news outlets millions of dollars for the rights to put their content in a news section that the company hopes to launch this year.

Falling bond yields have pushed mortgage rates to their lowest level in nearly three years, spurring a rush by homeowners to refinance.

Uber reported its largest-ever quarterly loss, weighed down by heavy competition abroad as well as a big expense related to its IPO.

Kraft Heinz posted falling sales and wrote down the value of its brands for the second time in six months. Its shares sank nearly 9%.

The Dow rose 1.4% and investors sold safer assets such as bonds and gold, as China's latest move on the yuan eased currency-war fears.

Chinese exports rebounded in July, buoyed by shipments to Europe and Southeast Asia, but economists expect the turnabout to be short-lived.

Viacom and CBS both reported revenue increases, as the firms are locked in advanced merger talks.

Broadcom struck a $10.7 billion deal to acquire Symantec's enterprise security business.

Adidas posted higher quarterly earnings on strong sales in China, but warned of trade dangers.


(END) Dow Jones Newswires

August 09, 2019 02:47 ET (06:47 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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