Facebook’s currency plan gets hostile reception in Congress
Members of both parties demanded to know why a company with massive market power and a track record of scandals should be trusted with such a far-reaching project, given the potential for fraud, abuse and criminal activity.
WATCH: Tech giants’ power under scrutiny in House hearing on news, misinformation
Members of both parties suggested legislation may be necessary for the financially-struggling U.S. news industry as lawmakers began a bipartisan investigation into the market dominance of Silicon Valley companies.
Supreme Court allows monopoly lawsuit over iPhone apps
iPhone users who must purchase software for their smartphones exclusively through Apple's App Store filed the suit.
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December job creation, wage growth provide a burst of good economic news
More than 300,000 jobs were created in December, doubling what was expected and signaling that the U.S. economy remains stable despite the recent market volatility and political tensions. In addition, wage growth was the highest it’s been in a decade.
The rare warning of disappointing results from Apple stoked investors' fears that the world's second-biggest economy is losing steam and that trade tensions between Washington and Beijing are making things worse. The Dow Jones Industrial Average plunged 660 points.
Apple's investment, which will create at least 5,000 jobs ranging from engineers to call-center agents, adds to a city that has already become a bustling tech hub.
In our Monday news wrap, a new climate change report from the Trump administration predicts dire economic effects from global warming, but President Trump said he doesn't believe it. Also, Prime Minister Theresa May has begun her final push to…
Apple customers say the company has unfairly monopolized the market for iPhone apps, which leads to higher prices.
Apple, Microsoft and Amazon, the most valuable companies on the market, saw some of the worst losses Monday.
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