Company Highlights: Stock Losses, Twitter Defaults

NEW YORK (AP) — Stocks closed lower on Wall Street, adding to their recent losses as traders realized how determined the Federal Reserve was to keep interest rates high to fight inflation. The S&P 500 fell almost 1% on Monday. Technology companies were the biggest drag on the index. The Nasdaq and the Dow Jones Industrial Average also fell. This week, investors will receive more updates on the economy, including the government’s monthly jobs report on Friday and a reading on consumer confidence on Tuesday from the Conference Board. European markets were also down and Asian markets closed lower overnight. Treasury yields were higher.


“Duct tape or chewing gum:” Twitter failings reverberate around the world

SAN FRANCISCO (AP) — Twitter at its best is a tool for getting a message across quickly, efficiently, and directly, whether you’re an activist or a local fire department. But it’s also a constant calculation of risk and reward. An explosive whistleblower report from Twitter’s former security chief alleges the social media company has been negligently lax on cybersecurity and protecting the privacy of its users for years . The revelations could be of particular concern for those using it to reach constituencies, disseminate emergency information as well as political dissidents and activists in the crosshairs of hackers or other malicious actors.


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