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
(New throughout, adds information about Cambridge Analytica and privacy violations)
WASHINGTON, May 7 (Reuters) - With a multibillion-dollar settlement looming for Facebook over user privacy violations, Chief Operating Officer Sheryl Sandberg was meeting with U.S. lawmakers on Capitol Hill on Tuesday to discuss legislation to protect users of the social network, officials said.
The meetings had been long planned and were not to discuss reports that Facebook will soon settle a probe by the Federal Trade Commission into privacy lapses, according to a Facebook spokeswoman.
Sandberg met with Senate Commerce Committee chairman Roger Wicker, a Republican, and Democratic Senator Mark Warner and was expected to meet with Senator Jerry Moran later on Tuesday, representatives for the senators confirmed.
Moran and Wicker are among the six senators on a working group to draft a bill aimed at setting standards for online privacy for consumers.
Sandberg met Monday with Senator Dianne Feinstein, according to a staffer in the senator's office.
The Federal Trade Commission's investigation is into allegations that Facebook failed to live up to a 2011 consent decree to protect users' privacy.
It is accused of inappropriately sharing information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. Facebook said last month the settlement could cost between $3 billion and $5 billion.
Several published reports say a settlement would require the company to create an independent privacy oversight committee and take other steps to safeguard users. The steps would include appointing a federally approved privacy official at the highest level of Facebook and creating a privacy oversight committee that may include Facebook board members, Politico reported last week. (Reporting by David Shepardson; Editing by Steve Orlofsky, Dan Grebler and David Gregorio)