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Tech is taking its lumps because bond yields have climbed in recent weeks, hovering at a more-than-seven-year high.Although that's largely because the US economy is so strong, the spike in rates for the benchmark US 10-Year Treasury has investors wondering if the near-decade-old bull market may finally be ending.Higher long-term rates could slow down red-hot sectors of the economy, including technology, especially as the Federal Reserve seems intent on raising short-term rates for the foreseeable future. Higher rates increase borrowing costs, pinching corporate profits.Investors may want to shift out of momentum and into more defensive stocks -- companies that aren't as expensive and also pay healthy, stable dividends.Continued worries about a slowdown in China's economy -- especially as trade tension with the United States has escalated -- were also dragging down the broader market. 901
showing a photo of Omar side by side with an image of the World Trade Center towers engulfed in flames as a result of the September 11 terror attacks. 150
the agency would feel more pressure to make a statement with its fine against Facebook in light of all the public attention the company's data privacy scandals have received."This has emerged as a powerful test of the FTC's credibility as a privacy data protection authority," William Kovacic, who chaired the FTC under former President George W. Bush, told CNN Business earlier this year. "If it seems to conclude this in a way that is weak, it will suffer tremendously."But a fine is only one tool at the FTC's disposal. The agency could also impose new restrictions on how Facebook handles user data and even seek to hold Facebook CEO Mark Zuckerberg personally accountable for privacy lapses, as had been 709
The administration has also folded two counterterror grant programs altogether, and is in the process of rebranding the Obama administration's Countering Violent Extremism office. 179
Speaker Paul Ryan reinstated the House chaplain after he sent a letter declaring he’d fight to retain the position https://t.co/anAuv3ZLqW— The New York Times (@nytimes) May 3, 2018 181
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