Walmart sues Tesla over 7 roof fires tied to solar panels, the stock markets give back more than half their Monday gains, and Facebook tightens some of its data and privacy practices - kind of :)

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Today's Articles

1)  Stocks pull back as investors anxiously await signals on the Fed's next move

2)  Facebook’s New Tool Lets You See Which Apps and Websites Tracked You

3)  Walmart Sues Tesla Over Fires Linked to Rooftop Solar Panel Systems

4)  The Disruptors: 10 Innovative and Irritating Stock Picks

5)  NEW STUDY: Fracking May Not Be As Bad As We Thought

 

Stocks pull back as investors anxiously await signals on the Fed's next move

Article

Major US indexes dipped lower on Tuesday as investors awaited a signal on the direction of interest rates from Federal Reserve Chairman Jerome Powell.

President Trump reiterated that he believes the Fed should lower rates by 100 basis points "over time" while speaking to reporters at the White House on Tuesday.

Stock slid on Tuesday as investors remained on edge over how the Federal Reserve will move forward with monetary policy amid signs of a weakening global economy.

Powell is scheduled to speak at the Jackson Hole Symposium later this week, and investors are hoping the chairman will give an indication of which direction the Fed plans on moving with interest rates.

The FDA cited risk of infection from intravenous infusion ports and kidney toxicity for its decision, which the company's CEO said the agency hadn't mentioned as concerns before.

 

Facebook’s New Tool Lets You See Which Apps and Websites Tracked You

Article

In an effort to increase transparency over its data practices, Facebook introduced a new tool to let users see and control the information that Facebook has gathered about their browsing habits.

Last month, the company reached a settlement with the Federal Trade Commission over privacy violations, agreeing to pay a $5 billion fine and to change how it handled users’ data.

Amid the backlash over Facebook’s approach to privacy issues, Mark Zuckerberg, the chief executive, has said the company would develop a technological solution that would give people the ability to clear their browsing histories.

Facebook said it initially hoped to provide an option that would let users delete the entire repository of data that the company collected from other sites to improve its targeting of ads. With the new tool,  users can now see, and erase at will, the hundreds of sites and apps that share data and customer information with Facebook.

Yet by giving people the option of wiping clean their browsing history outside Facebook and its apps, the company is taking a risk because of its partial dependence on such information for targeting ads at users.

 

Walmart Sues Tesla Over Fires Linked to Rooftop Solar Panel Systems

Article

Malfunctioning Tesla solar panels started fires at “no fewer than” seven Walmart stores, resulting in hundreds of thousands of dollars in damage, the retail giant alleges in a new lawsuit filed in New York State Supreme Court Tuesday.

Wording in the suit claims that “the occurrence of multiple fires involving Tesla’s solar systems is but one unmistakable sign of negligence.”

According to Walmart, the problems started with SolarCity before Tesla acquired the solar panel company in 2016.

SolarCity had “adopted an ill-considered business model that required it to install solar panel systems haphazardly and as quickly as possible in order to turn a profit, and the contractors and subcontractors who performed the initial installation work had not been properly hired, trained, and supervised.”

Walmart says it “demanded” that Tesla disconnect all of its solar panels after three fires broke out in 2018 in Ohio, Maryland, and California.

 

The Disruptors: 10 Innovative and Irritating Stock Picks

Article

The idea of disruptors – single companies that change the landscape of an entire industry or sector – isn’t new.

Henry Ford revolutionized automaking and Phil Knight’s Nike forever altered the athletic-shoe industry.

This article explores 10 stock picks that have the potential to be disruptors themselves.

A few of these are established companies that are delving into new markets, while others are younger companies.

Read and act with caution since a few of the listed companies aren’t even profitable yet.

NEW STUDY: Fracking May Not Be As Bad As We Thought

Article

Conventional oil and gas production activities inject much more water underground than fracking and other petroleum-production methods, according to a new study.

“If we want to look at the environmental impacts of oil and gas production, we should look at the impacts of all oil and gas production activities, not just hydraulic fracturing,” says Jennifer McIntosh, a professor of hydrology and atmospheric sciences at the University of Arizona.

“The amount of water injected and produced for conventional oil and gas production exceeds that associated with fracking and unconventional oil and gas production by well over a factor of 10,” she says.

McIntosh and coauthor Grant Ferguson of the University of Saskatchewan, looked at how much water petroleum industry activities inject underground, how those activities change pressures and water movement underground, and how those practices could contaminate groundwater supplies.

McIntosh started wondering how the environmental impacts of hydraulic fracturing compare to the impacts of the conventional methods of oil and gas production—methods that have been in use for about 120 years and continue to be used.

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