Stocks (^GSPC, ^DJI, ^IXIC) are trading higher through the first half of the day as oil (CLJ15.NYM) continues to slide toward a new six year low. Also helping stocks is the calming of currency markets, at least for today. The steep drop in the euro versus the dollar seems to have, at the very least, slowed down and U.S. stocks are capitalizing on the change.
Other stories capturing attention today include:
China auto accusations
Beijiing is once again accusing foreign companies of ripping off consumers in China. China’s government-run television station is using World Consumer Rights Day to suggest automakers such as Mercedes Benz, Volkswagen (VLKAY) and Nissan (NSANY) are overcharging customers and selling defective products. Previously, the network has gone after firms such as McDonald’s (MCD) and Apple (AAPL).
Social media giant Facebook (FB) is updating its community standards for users. Mark Zuckerberg and company say there will now be more clarity on what is and is not acceptable behavior on the site.
The new guidleines offer specifics on what constitutes nudity on the site, and also crack down on both terroroist groups and those that voice suport of such groups on the platform.
Finally, the Associated Press says Coca-Cola (KO) is using fitness and nutrition experts in a public relations campaign pushing the idea Coke is good for you. Will anyone “buy” it?
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