Stocks rise, claw back chunk of trade-war plunge
Stocks climbed on Tuesday, and the S&P 500 clawed back a third of its loss from Monday’s rout in the latest whipsaw move as investors weigh just how badly the escalating U.S.-China trade war will hurt the economy.
The day’s rally was nearly a mirror image of Monday’s plunge, just not as severe: Technology companies led the way higher after bearing the brunt of the selling on Monday, Treasury yields rose modestly and gold gave back a bit of its gains.
WhatsApp flaw let spies take control with calls alone
WhatsApp said its popular communications app had a vulnerability that hackers used to deliver spyware.
The spyware allowed spies to effectively take control of dozens of phones in targeted operations. WhatsApp said the flaw has been fixed. It did not directly affect the end-to-end encryption that makes WhatsApp chats and calls private.
Streaming wars heat up as Disney takes over Hulu
Disney cut a deal with Comcast to take full control of Hulu as each prepares to launch its own streaming service. Comcast, which owns a third of Hulu, can sell its stake starting in 2024 for a minimum of $5.8 billion.
Having total control of Hulu gives Disney more power to support its own streaming efforts as Comcast, AT&T and Apple all prepare to launch their own. An aftereffect of all these new services may well be the fragmentation of content across services.
New security flaw in Intel chips could affect millions
Intel has revealed another hardware security flaw that could affects millions of machines around the world.
The chipmaker said Tuesday there’s no evidence of bad actors exploiting the bug, which is embedded in the architecture of computer hardware. Intel said it could let attackers see leaked data but it’s difficult to exploit outside of a laboratory.
Tribes across country push for better internet access
Native American tribes are pushing the federal government to give them priority when it issues licenses that could expand internet coverage in their communities.
The Federal Communications Commission has not issued any new permanent licenses for the Educational Broadband Services spectrum in more than 20 years. It asked the public to weigh in on possible changes to the licensing system, including giving a priority to tribes.
Google opens center to improve data privacy
Google said it’s opening a privacy focused engineering center in Munich, Germany, in its latest move to beef up its data protection credentials.
CEO Sundar Pichai said Tuesday that the Silicon Valley tech giant is expanding its operations in the southern German city and plans to double the number of privacy engineers there to more than 200 by the end of 2019.
Walmart ups the delivery ante with next day shipping
Walmart is rolling out next-day delivery on its most popular items, raising the stakes in the retail shipping wars. The nation’s largest retailer said Tuesday it’s been building its own network of more efficient e-commerce distribution centers to enable the faster delivery.
The move comes just two weeks after online behemoth Amazon said it’s upgrading its free shipping option to Prime members who pay $119 a year to one-day delivery from two-day delivery.