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Daily Investor Update: Wall Street jumps, with tech leading the advance Newsletter

Wall Street jumps, with tech leading the advance

U.S. stocks jumped on Thursday, led by a more than 2% gain in technology shares, while better-than-expected economic data in the United States and China helped to offset worries about the trade war.

New U.S. pipelines poised to start price war for shale shippers

The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings.

Facebook loses facial recognition appeal, must face privacy class action

A federal appeals court on Thursday rejected Facebook Inc's effort to undo a class action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their consent.

Oil rises more than 2% on firm yuan, expectations of more OPEC cuts

Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.

Barrick Gold plans to sell Tongon gold mine in Ivory Coast - BBG

Barrick Gold Corp is looking to sell its Tongon gold mine in the Ivory Coast and is working with Bank of Nova Scotia to identify buyers, Bloomberg said on Thursday.

Venture capital fuels Latam 'unicorns' expansion beyond borders

Surging venture capital investment in Latin American startups has financed international expansion across the region and beyond, as business models that do not require large amounts of capital have helped many firms avoid silos common in the region.

Chinese trade data calms volatile global markets

Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety on fears of a worldwide economic pullback.

Amazon's Alexa comes under scrutiny of Luxembourg privacy watchdog

Luxembourg's privacy regulator has asked Amazon for information regarding its Alexa voice assistant, an indication of rising regulatory unease over companies' use of personal data.

Anadarko shareholders go for the cash in $38 billion Occidental buyout

Shareholders of Anadarko Petroleum Corp on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp , ending a short-lived contest that pitted two of the most storied names in the oil industry against one another.

Kraft Heinz withdraws outlook after dismal results

Kraft Heinz Co reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers.

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