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Market Update  

- By Robert Schroeder, MarketWatch Trump speaks with Kuwaiti leader and attends ceremony for Dole President Donald Trump said Wednesday he's considering fining China over intellectual-prope...
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Senators grill social media companies over terrorist posts
(AP Photo)
By BARBARA ORTUTAY
From Associated Press
January 17, 2018 4:34 PM EST

NEW YORK (AP) — Lawmakers grilled executives Facebook, Google's YouTube and Twitter on Wednesday about what the companies are doing to prevent terrorists from using their platforms to spread propaganda and recruit new followers.

FORT LAUDERDALE, Fla. (AP) — A Florida woman died because a faulty air bag ruptured and fired shrapnel into her head during a crash she should have survived, a report released Wednesday by the state's Highway Patrol said.

NEW YORK (AP) — The Trump-appointed acting director of the Consumer Financial Protection Bureau said Wednesday that he is launching a review of all the federal consumer watchdog agency's policies and priorities.

SAN FRANCISCO (AP) — Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S.

U.S. stocks moved broadly higher in late-afternoon trading Wednesday as the market bounced back from modest losses a day earlier.

NEW YORK (AP) — Bitcoin fell below $10,000 Wednesday, extending a sell-off that has erased about half the digital currency's value in one month.

WASHINGTON (AP) — President Donald Trump relentlessly congratulates himself for the healthy state of the U.S. economy, with its steady growth, low unemployment, busier factories and confident consumers.

NEW YORK (AP) — Google says humans will now review video from its most popular YouTube creators after recent complaints. The videos being targeted are ones Google packages to advertisers as "preferred" content.

Walmart is helping customers get rid of leftover opioids by giving them packets that turn the addictive painkillers into a useless gel.

BERLIN (AP) — Researchers have completed the first survey of valuable materials they say are waiting to be mined from Europe's vast landfills and scrapyards.

WASHINGTON (AP) — The Senate Banking Committee has voted for a second time to approve President Donald Trump's nomination of Jerome Powell to be the next chairman of the Federal Reserve.

PARIS (AP) — France will abandon plans to build a new airport in the west, the prime minister announced Wednesday, ordering the activists who have been protesting the project for nearly a decade to leave their makeshift settlement and unblock nearby roads.

BERLIN (AP) — Europe needs to use a "unique window of opportunity" in the coming months to strengthen the continent's common currency, the new leader of the 19-nation eurozone's finance ministers said Wednesday.

NEW YORK (AP) — Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law.

COPENHAGEN, Denmark (AP) — Swedish fashion retailer H&M says it has appointed a diversity leader following the outcry over its ad that showed a black child dressed in a hoodie with the words "coolest monkey in the jungle."

NEW YORK (AP) — An employee is severely depressed and unable to complete a task. Or has mood swings and outbursts, unnerving colleagues and disrupting the workplace.

U.S. homebuilders are feeling slightly less optimistic about their sales prospects, even as their overall outlook remains favorable ahead of the spring homebuying season.

WASHINGTON (AP) — The Federal Reserve says U.S. industrial production rose 0.9 percent in December, pulled higher by a surge in utility output, another sign of health for the American economy.

NEW YORK (AP) — Goldman Sachs posted a $1.93 billion loss in the fourth quarter as the investment bank had to record more than $4 billion in charges related to the new tax law.

FRANKFURT, Germany (AP) — German automaker Volkswagen had record sales of 10.74 million vehicles last year, but its bid to remain the world's largest carmaker was disputed by rival Renault-Nissan-Mitsubishi.

RIYADH, Saudi Arabia (AP) — Saudi Arabia's King Salman ordered the transfer of $2 billion to Yemen on Wednesday, a day after Yemen's Saudi-backed prime minister made an urgent appeal on the kingdom and its allies to save the local currency from "complete collapse."

TOKYO (AP) — Global stock markets mostly fell on Wednesday as investors digested big losses at major U.S. banks, while bitcoin also dropped amid fears of greater regulation.

MILAN (AP) — Car sales in Europe topped the 15-million mark for the first time in a decade in 2017, the fourth straight year of higher registrations, the association of European carmakers said Wednesday.

BRUSSELS (AP) — European Commission chief Jean-Claude Juncker on Wednesday maintained the offer for Britain to remain in the EU even after both sides have entered the second phase of Brexit negotiations.

BAGHDAD (AP) — When Iraqi forces drove Islamic State militants out of eastern Mosul a year ago, Nashwan Shakir Mahmoud raced back to his home, hoping that his red and white 1955 Chevrolet coupe had survived three years of war and upheaval.