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Of the recessions the U.S. has seen dating back to the early 1980s, none has come without an oil spike of at least 90%.Economyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
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Amazon changed the algorithms that power its product-search system to favor the company's own products, The Wall Street Journal reported.Technologyread more
Between 180 and 200 underperforming GameStop stores are set to shutter before the end of the fiscal year, and more could be on the way.Entertainmentread more
Facebook confirmed on Tuesday it's hiring a team of veteran journalists to help curate stories in its soon-to-launch news tab.
The company confirmed the plans after The New York Times reported that Facebook is bringing human curators on board instead of just relying on algorithms to determine what stories its users see.
A small team of editors will be charged with selecting the most relevant national news stories of the day. The content will appear in the top news section of the tab, a new feature that's scheduled to launch this fall.
The team will curate breaking news and top stories, but won't be responsible for other editorial duties, such as editing headlines, stories or writing content, the company said.
Other content in the news tab will primarily appear via algorithmic selection. Facebook said it will look to user controls, what pages users follow, publishers they subscribe to and the news they interact with as signals for what kinds of personalized news will populate the news tab.
"Our goal with the News Tab is to provide a personalized, highly relevant experience for people," Campbell Brown, Facebook's head of news partnerships, said in a statement. "The majority of stories people will see will appear in the tab via algorithmic selection."
"To start, for the Top News section of the tab we're pulling together a small team of journalists to ensure we're highlighting the right stories," she said.
The social media giant has approached several news outlets, including The Washington Post and Bloomberg, to discuss paying them as much as $3 million per year to license content, according to The Wall Street Journal.
Facebook emphasized that the news tab is not a reincarnation of the company's now-defunct trending topics news section, which ranked news topics and links based on popularity.
The feature attracted scrutiny after controversial links and false headlines made their way onto the section. In 2016, a Gizmodo article alleged some independent contractors hired to moderate the section frequently suppressed conservative stories and stories about Facebook itself.
The news tab marks Facebook's latest effort to tackle news curation and combat the spread of misinformation on its site. The company has been under pressure to curb false news on the platform since the 2016 presidential election, during which foreign actors used the site to sow division around social issues.
Facebook isn't the only tech company that is increasingly relying on professionals to curate what news its users see. Apple assembled a team of former journalists to help select some of the stories that appear in Apple News, while LinkedIn has also hired editors to curate content on the site.