It was tough to make heads or tails of markets Friday with the Dow swinging as much as 800 points over the course of the volatile session.
The Dow finished the session well in the green, though it did sell into the close Friday. The blue-chip index ended the day up 1.4%, or 334 points, to 24,194 while the Nasdaq gained 1.44%, or 97 points, to 6,874 and the S&P 500 rose 1.5%, or 39 points, to 2,620.
Florida Man Claims AirPod Exploded
Florida's WFLA TV reported that a man's Apple (AAPL) AirPod began smoking and exploded while he was working out at a gym.
The man said he noticed his wireless headphones were smoking so he took them out of his ears, placed them on some gym equipment and went to get help. When he came back, he says the device was charred and broken apart.
"I didn't see it happen, but I mean, it was already fried. You can see flame damage," he told the news station.
Snapchat Tries to Poach Instagram Advertisers
Snapchat (SNAP) wants advertisers to drop Instagram for its own platform, and it's waving a pretty enticing carrot to facilitate the move.
The offer stands for advertisers with proof that they bought ads on a Snapchat competitor within the last three months.
Spirit Airlines Says Woman Flushed Hamster on Her Own
Belen Aldecosea, 21, of Miami Beach, flushed her hamster down the toilet at Baltimore Washington International Airport after she claims officials at Spirit Airlines (SAVE) told her to do so.
Aldecosea says she called the airline twice ahead of time to make sure that flying with the hamster, which she classified as an "emotional support" animal, was permitted. Despite being told twice that it was fine, when she arrived at the airport Spirit Airlines employees told her that she could not fly with the animal, according to Aldecosea.
She then says an employee told her to flush the animal down the toilet. After much soul-searching, Aldecosea did just that.
"She was scared. I was scared. It was horrifying trying to put her in the toilet," Aldecosea said. "I was emotional. I was crying. I sat there for a good 10 minutes crying in the stall."
Spirit has denied telling her to kill the animal.
"To be clear, at no point did any of our agents suggest this guest (or any other for that matter) should flush or otherwise injure an animal," spokesman Derek Dombrowski said.
Uber Pays Wamo $245 Million to Settle Trade Secrets Lawsuit
The settlement amount will be paid in the form of shares of the still privately-held Uber. As part of the settlement, Uber also agreed not to use any trade secrets obtained from Waymo in its own autonomous vehicles.
Apple's Facial Recognition Tech Cracked by Two Friends
Two British men have seemingly cracked Apple's (AAPL) iPhone X facial recognition technology, allowing both of them to access the phone. Apple has said that it is a million-to-one probability of the technology being breached by two different people.
The friends both have brown eyes and dark hair, but really don't look anything alike.
Facial recognition security was one of the selling points for Apple in the run-up to the phone's release, with the company promising a level of security that might entice users to freely use their phones to make financial transactions without password protection.
Detroit Takes Aim at Airbnb
Update: The city of Detroit says that it will not enforce the rules of the zoning enforcement.
David Bell, the city's director of the Buildings, Safty Engineering and Environmental Department said that the cease and desist letters that Airbnb operators recently received were related to a the previous ordinance governing their zones.
Officials in Detroit have begun sending cease and desist letters to owners renting out units in single- and double-family property rental zones.
The crackdown was prompted by an update to zoning rules that some officials didn't know contained language targeting Airbnb hosts, according to the >Detroit Metro Times.
The new rules went into effect on February 6, making it illegal for property owners to rent out rooms in a home or apartment within the restricted zones. It is however still okay for property owners to rent out a second property that they own but do not reside in.
Amazon to Launch Business Delivery Service, Reports Say
UPS (UPS) and FedEx (FDX) were declining about 5% premarket after the Wall Street Journal reported that Amazon is working on a business delivery service that would place it in direct competition with the package delivery companies.
Amazon is expected to introduce the service in Los Angeles in the coming weeks with third-party merchants that sell goods through its website. Amazon then has plans to expand the service to more cities as soon as this year.
Over the past few years, Amazon has expanded into ocean freight, built up its own network of drivers and has leased up to 40 aircraft for delivery.
Markets were looking to bounce back from another dismal session Thursday when the Dow fell over 1,000 points and all three indices gave back their post-tax reform games.
Futures trading appears to indicate that that Friday's trading session will not offer any reprieve, but markets have not followed the lead of futures contracts this week.
Dow futures were down 0.45%, indicating an open 107 points below yesterday's close while Nasdaq futures were basically flat and S&P futures declined 0.24% indicating an open 6.25 points lower.
World markets were selling off in conjunction with Thursday's bloodbath in the U.S. with the Nikkei dropping 2.32% and the Hang Seng closing the day down 3.1%. In Europe, the FTSE 100 was down 0.91% and the DAX declined 1.71% with about four hours left in trading.
Source : https://realmoney.thestreet.com/articles/02/09/2018/airbnb-detroit-update-live-markets-blog