Stocks slightly higher..Marriott reports massive data breach…US, Canada, Mexico leaders sign trade pact
NEW YORK (AP) – Stocks are edging higher in early trading on Wall Street as the Group of 20 summit gets underway in Argentina. Marriott International sank after disclosing a massive data breach. Energy companies fell as crude oil dropped under $50 a barrel for the first time since September 2017. Stocks have rallied this week after falling to a six-month low last Friday.
BETHESDA, Md. (AP) – Marriott says the information of as many as 500 million people staying at Starwood hotels has been compromised. The company says it’s uncovered unauthorized access that has been taking place within its Starwood network since 2014. Marriott says it discovered that someone copied and encrypted guest information, and was trying to remove it. It says credit card numbers and expirations dates of some guests may have been taken. Marriott has set up a website and call center for anyone who thinks that they are at risk.
BUENOS AIRES, Argentina (AP) – President Donald Trump teamed up with the leaders of Canada and Mexico today to sign a revised North American trade pact. The U.S.-Mexico-Canada Agreement is meant to replace the 24-year-old North American Free Trade Agreement, which Trump has long denigrated as a “disaster.” The deal fulfills a key political pledge for Trump but faces an uncertain future in Congress.
NASHVILLE, Tenn. (AP) – Nashville’s police union is blasting the city’s plans to award up to $15 million in incentives for Amazon’s new facility, calling it “corporate welfare.” Nashville has proposed up to a $15 million cash grant based on each job Amazon creates within the next seven years. The Fraternal Order of Police is calling for support of a resolution to block Amazon’s incentives until city employees receive cost-of-living adjustments.
NEW YORK (AP) – A new Instagram feature aims to make it easier to share photos and videos with fewer people. The Close Friends feature lets users share photos and videos that disappear after 24 hours with people on a special list. The idea is that people may feel more comfortable sharing some things with just close friends, rather than all followers. Regular posts would still appear to everyone, though users have the option of pre-approving followers. Facebook already lets people narrow audiences for individual posts.