Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The Federal Trade Commission is considering imposing a "record-setting fine" against Facebook for allegedly failing to protect users' data, The Washington Post reported Friday. Three people familiar with the discussions but unauthorized to speak on the record reportedly told the Post about the fine.
Facebook's stock slid slightly after the Post's report was published, but shares remained positive for the day.
Facebook was accused of misusing personal information of its users when reports last year found political consultant agency Cambridge Analytica used personal information from millions of Facebook users without their explicit consent. Following the reports in March, the FTC launched an investigation into the company's data practices.
The fine is expected to be in excess of the $22.5 million fine the FTC imposed on Google in 2012 for allegedly violating an agreement to improve privacy practices, the Post reported. Sources told the Post Facebook has talked with FTC staffers about the investigation.
Facebook signed a consent decree with the FTC in 2011 that required the company to receive explicit permission from users before sharing their personal data. In March, Bloomberg reported that the FTC's probe would look into whether Facebook violated the agreement.
Since the details of Cambridge Analytica came to light, a number of other data privacy scandals have come up as well. Last month, the company admitted it allowed other major tech firms to read users' private messages, though it denies that this was done without users' consent. The company also disclosed a security breach in September that impacted as many as 50 million users. It later said only 30 million had been affected.
Facebook declined to comment. FTC employees are furloughed during the government shutdown and could not be reached for comment.
--Julia Boorstin contributed to this report.