Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.
Facebook CEO Mark Zuckerberg will testify about the Cambridge Analytica data leak before congressional committees beginning on Tuesday.
His appearance comes amid increasing calls for new regulations to protect consumer privacy and limit the power and influence of Facebook and other tech giants. Here’s the latest:
- Facebook traders are bracing for the worst ahead of Mark Zuckerberg’s hearing
- These are the senators to watch in today’s blockbuster hearing with Mark Zuckerberg
- With Zuckerberg in the hot seat, here’s what Congress should ask Facebook’s CEO
- An activist group planted an army of cardboard Mark Zuckerberg clones outside the Capitol ahead of blockbuster hearing
- Facebook in Europe is about to get massively disrupted by new laws meant to bring it to heel
- Facebook could lose $US2.8 billion of its revenues under GDPR
- Here’s how to check your Facebook to see if you’re one of the millions of users affected by the Cambridge Analytica scandal
In other news, T-Mobile and Sprint are soaring after a report says they have resumed merger talks. And activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc in a $US5.4 billion deal.
In markets news:
- It looks like China just blinked in its trade battle with Trump
- The market’s most outspoken bear sees recent turbulence fuelling his forecast of a 60% stock drop – and says it’s too late to get out
- A $US163 billion chief economist outlines his biggest market fear
- One Wall Street firm just made a big change to its outlook – and it perfectly encapsulates the challenges ahead for markets
Lastly, I’m excited to welcome Dakin Campbell to Business Insider as a senior Wall Street reporter.
Business Insider Emails & Alerts
Site highlights each day to your inbox.