17 August

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Twitter tests allowing users to flag misleading tweets By Reuters

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By Sheila Dang (Reuters) - Twitter Inc (NYSE:TWTR) will begin a pilot test to let users flag to the company tweets they believe contain misleading content, the social media firm said Tuesday, part of its efforts to reduce misinformation on the platform. Users will be able to report a tweet they believe contains misleading political or health information, or is inaccurate for any other reason, a Twitter spokesperson said. The test is not the first time Twitter has sought help from its users to identify content that could spread misinformation. In January, it...

17 August

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Canada shares lower at close of trade; S&P/TSX Composite down 0.74% By Investing.com

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Investing.com – Canada equities were lower at the close on Tuesday, as losses in the Materials, Consumer Discretionary and Energy sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite declined 0.74%. The biggest gainers of the session on the S&P/TSX Composite were Northland Power Inc . (TSX:NPI), which rose 2.28% or 0.91 points to trade at 40.91 at the close. Aurora Cannabis Inc (TSX:ACB) added 2.17% or 0.180 points to end at 8.460 and Westshore Terminals Investment Corp (TSX:WTE) was up 1.67% or 0.35 points to 21.34 in late trade....

17 August

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U.S. Homebuilder Sentiment Drops to 13-Month Low in August By Bloomberg

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(Bloomberg) -- U.S. homebuilder sentiment fell to a 13-month low in August amid high prices and costs as well as continuing supply shortages. A gauge of builder sentiment decreased for a third month to 75 from a July reading of 80, the largest drop since April 2020, National Association of Home Builders/Wells Fargo data showed Tuesday. The median forecast in a Bloomberg survey of economists called for no change in the index from the month before. Although recent price declines in building materials like lumber are good news for builders, strong demand and low inventories...

17 August

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Winds Stoke California Fires Already Burning at Record Clip By Bloomberg

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(Bloomberg) -- Sharp (OTC:SHCAY), dry winds have raised the wildfire threat across Northern California, which is suffering through one of its worst years for blazes in history. Low humidity and winds gusting as high as 35 miles per hour (56 kilometers per hour) will create dangerous conditions through late Wednesday, said Emily Heller, a National Weather Service meteorologist in Sacramento. On Monday, California broke a milestone of 1 million acres (405,000 hectare) burned, the earliest it has reached that mark in history. The rising risk of more fires prompted utility operator PG&E (NYSE:PCG) Corp. to say...

17 August

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Sweden’s once-highest peak loses 2 metres height in year as glacier melts By Reuters

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STOCKHOLM (Reuters) - Sweden's only remaining mountaintop glacier, which until 2019 was also its highest peak, lost another two metres (6.6 feet) in height in the past year due to rising air temperatures driven by climate change, Stockholm University said. In 2019, the south peak of the Kebnekaise massif was demoted https://www.reuters.com/article/uk-climate-change-sweden-idUKKCN1VU1R8 to second in the rankings of Swedish mountains after a third of its glacier melted. Kebnekaise's north peak, where there is no glacier, is now the highest in the Nordic country. "On Aug. 14, the southern peak of Kebnekaise was measured at 2,094.6...

17 August

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Home Depot, Walmart and Loews Fall Premarket By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Tuesday, August 17th. Please refresh for updates. Home Depot (NYSE:HD) stock fell 3.4% after the retail giant missed estimates for U.S. same-store sales for the first time in seven quarters, as the surge in demand for home-improvement products during the pandemic waned. Rival Loews (NYSE:L) stock fell 4.6% as a consequence. Walmart (NYSE:WMT) stock fell 0.8% despite the world’s no. 1 retailer raising its annual U.S. same-store sales forecast after beating estimates, buoyed by...

17 August

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As Taliban takes over, some swap iconic AK-47s for made-in-America rifles By Reuters

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By Tim Kelly TOKYO (Reuters) -The Russian Kalashnikov AK-47 and its derivatives have long been the assault rifle of choice for militant groups because of their rugged design, but some Taliban fighters are trading them in for captured U.S. guns as Afghanistan's government collapses. Video and pictures published by the Taliban on Twitter and elsewhere show fighters carrying M4 carbines and M16 rifles discarded by Afghan army units. Other images show Taliban forces capturing abandoned government vehicles. The U.S. guns are more accurate and have greater range than the their AK-47s, but on their own...

17 August

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Walmart raises forecast as people return to stores; online sales slow By Reuters

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By Aishwarya Venugopal and Richa Naidu (Reuters) -Walmart Inc increased its annual U.S. same-store sales forecast after beating analysts' estimates on Tuesday, as shoppers coming out of lockdown bought more clothes, travel gear and back-to-school merchandise. As store sales rose, however, the pace of Walmart (NYSE:WMT)'s online growth slowed dramatically to 6% from 37% in the first quarter. Still, Walmart is on track to reach $75 billion in global ecommerce sales by the end of the year - the retailer reported its biggest ever online sales growth of 97% last year as people used its quick...

17 August

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China steps up tech scrutiny with rules over unfair competition, critical data By Reuters

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By Josh Horwitz SHANGHAI (Reuters) -China moved on Tuesday to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies' handling of critical data. Beijing has been firming its grip on internet platforms in recent months, citing the risk of abusing market power to stifle competition, misuse of consumers' information and violation of consumer rights, in a reversal after years of a more laissez-faire approach. It has issued hefty fines to companies including e-commerce giant Alibaba (NYSE:BABA) Group and social media company Tencent Holdings (HK:0700) as...

17 August

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Investors raise cash holdings, see limited equity upside – BoFA survey By Reuters

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By Saikat Chatterjee LONDON (Reuters) -European investors raised their cash holdings to the highest in a year, while an overwhelming majority expect only single-digit upside to equities as Europe's economic outlook cools, a survey by investment bank BofA Securities showed on Tuesday. Less than half of respondents in the bank's monthly fund manager survey expect the European economy to further improve over the next 12 months, marking the lowest proportion since last June and a steep drop from July. Cooling growth expectations are mainly due to COVID concerns, with 19% of investors citing the Delta variant...

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News

Twitter tests allowing users to flag misleading tweets By Reuters

Canada shares lower at close of trade; S&P/TSX Composite down 0.74% By Investing.com

U.S. Homebuilder Sentiment Drops to 13-Month Low in August By Bloomberg

Winds Stoke California Fires Already Burning at Record Clip By Bloomberg

Sweden’s once-highest peak loses 2 metres height in year as glacier melts By Reuters

Home Depot, Walmart and Loews Fall Premarket By Investing.com

As Taliban takes over, some swap iconic AK-47s for made-in-America rifles By Reuters

Walmart raises forecast as people return to stores; online sales slow By Reuters

China steps up tech scrutiny with rules over unfair competition, critical data By Reuters

Investors raise cash holdings, see limited equity upside – BoFA survey By Reuters

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