1. Dow down. US stocks surged early, but struggled to hold onto their gains. The Dow Jones industrial average nearly erased its 400-point gain, finishing higher by just 46 points, or 0.19% following reports of an FBI raid on the office of Michael Cohen, President Trump’s lawyer. Still, many tech stocks climbed their way out of last week’s rut. Shares of Google and Apple were up about 1%, while shares of Facebook gained 0.34%. Despite a major data breach scandal, users don’t seem to be leaving the platform. But Tesla had a rough session, falling below a key support level.
2. More from Mark. The US Congress released the testimony of Mark Zuckerberg, who will go before US legislators this week. (Facebook is reported to be quickly coaching him on how to be charming.) Shares of Facebook gained 0.34%. Meanwhile Apple cofounder Steve Wozniak is quitting Facebook over data and privacy concerns, saying he didn’t like the way the company collected user data for advertising purposes. In an email to USA Today, Wozniak wrote:
Users provide every detail of their life to Facebook and … Facebook makes a lot of advertising money off this.
The profits are all based on the user’s info, but the users get none of the profits back.
Apple makes its money off of good products, not off of you. As they say, with Facebook, you are the product.
3. 48 hours. Well, less now. But that’s how long Trump said overnight it will take the US government to respond to the gas attack in Syria. Trump called the attack, which left dozens dead, “atrocious” and “horrible”.
4. China is eyeing off Vanuatu to establish a permanent military base in the South Pacific. According to Fairfax Media, there have been preliminary discussions between the Chinese and Vanuatu although no formal proposals have been put to Vanuatu’s government. If it goes ahead the base, which would be less than 2,000km from the Australian coast, would be China’s second overseas base the world. It’s only current one is in Djibouti, Africa. Here’s more on the global ramifications of such a move.
5. Half of Myer investors are stuck with “unmarketable” shares they can’t sell as the share price continues to fall. Sitting at 38¢ at the close on Monday, the SMH suggests that well over half of all Myer investors now have unmarketable parcels. That’s based off figures from the company’s 2017 annual report, which reveals that in September last year 35% of Myer’s share registry had unmarketable parcels based on a 77¢ share price, along with 47.9% who had parcels of fewer than 1000 shares. It follows sliding sales as the retailer comes under increasing pressure from digital players, and the important Christmas sales period failing to deliver.
6. Uber is getting into bike-sharing. The ride-sharing giant is buying JUMP Bikes, an electric bike startup that currently operates in the US — and the plan is to take it global. The deal will offer Uber a chance to expand into the ride-sharing market in a way that doesn’t rely exclusively on cars. It’s not clear just yet when JUMP Bikes will begin showing up new cities.
7. Home affairs minister Peter Dutton and treasurer Scott Morrison both want to be prime minister — but not while Turnbull still has the job. The AFR reports that both politicians have said they would toss their hats in the ring to be the next Liberal Party leader should Turnbull fall. Despite the admission, both remain steadfast that Turnbull will take the government to victory at the next election.
8. Remember the guy who snapped his ankle back into place after dislocating it while celebrating a hole-in-one at the US Masters? Well, he’s just shared a gruesome photo of the ugly-looking injury he played through during the tournament. Tony Finau tripped while running on the course during the Par 3 contest before the Masters and had to snap his ankle back into place. He continued to play through the tournament and shot an impressive seven-under, finishing tied for 10th. Here’s a look:
This is what @TonyFinauGolf is managing five days post-injury.
And for the record: instinctively firing that bone right back into position, finishing the Par 3, then playing lights out @TheMasters, is straight badass material. pic.twitter.com/6ech5mQJaJ
— Marty Smith (@MartySmithESPN) April 9, 2018
9. Slow computer? You might be mining crypto coins for someone else. A new report shows cryptomining is now the world’s second-most popular malware. It can even cause mobile phones to overheat and explode. So how do you check? Basically, your computer’s fan is going berserk. Check your CPU usage (Task Manager, Windows; Activity Monitor, Mac) and look for spikes. Should you find something suspicious, here’s how to stop it.
10. This could change our understanding of human history. An ancient finger bone found in Saudi Arabia is now the earliest evidence of humans outside of Africa. It’s approximately 88,000 years old. It indicates that early human migrations may have happened more frequently than previously thought, and that our ancestors may have gone to regions scientists hadn’t suspected.
Have a great week.
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