Financial News

Wednesday, February 5th
February 4, 2020
AP-NC Newswatch
February 4, 2020
Financial News

 

 

Stocks rally … Coronavirus chill … Irish scrutinize Google, Tinder … Almond calorie count

 

NEW YORK (AP) – Technology companies and banks are leading a broad rally on Wall Street this morning. The Dow, S&P 500 and the Nasdaq were all up more around 1.5 percent after the first hour of trading. That follows solid gains overseas after China took more steps to soften the financial impact of the coronavirus outbreak. Traders snapped up tech stocks, which are often sensitive to China’s economic health because of ties to supply chains and sales.

 

BEIJING (AP) – China’s virus outbreak is giving global business a chill. Mink breeders in Denmark called off a fur auction because Chinese buyers can’t attend due to travel curbs. The Chinese gambling enclave of Macau said it was closing casinos for two weeks as a precaution. The Italian fashion industry forecasts a drop in sales. And the Singapore Air Show, due to open next week, is canceling a business conference.

 

LONDON (AP) – Irish regulators have launched separate inquiries into Google and dating app Tinder over their processing of user data, in a fresh round of regulatory scrutiny aimed at tech companies. Ireland’s Data Protection Commission says it’s looking into how Google handles location data after a number of consumer groups across the European Union filed complaints. The regulator is also investigating Tinder over issues surrounding U.S. parent company Match Group’s “ongoing processing of users’ personal data.” Google and Match say they will cooperate with the regulator.

 

WASHINGTON (AP) – A portrait of a robust U.S. economy is sure to fill center stage tonight when President Trump gives his third State of the Union address. It is an economy that has proved solid and durable yet hasn’t fulfilled many of Trump’s promises.áNine months before the election, the economy keeps growing steadily if only modestly. Yet what Trump now calls an unprecedented boom is, by some measures, not all that different from the solid economy that he inherited from President Barack Obama.

 

NEW YORK (AP) – Almonds may have fewer calories than previously believed. The lower counts are based on studies where researchers gave individuals meals with and without almonds. The studies were partly funded by the almond industry and sought to more accurately reflect how much of the nuts are digested. The difference of 20 or 30 calories could sway decisions at grocery stores. Kind says it’s lowering the calorie counts on its snack bars based on the studies.

 

 

AP-WF-02-04-20 1552GMT