Jun 23, 2017

Google will stop scanning free Gmail to target ads

Virginia Mayo / AP

The tech giant will now treat its free Gmail product the same way it treats its G Suite's enterprise products, and will use settings-based ad targeting as opposed to content scanning for ad personalization.

Why it matters: The decision likely stems from consumer concerns broadly in the U.S. about data privacy and security. In a statement, Google touted Gmail's reputation to protect users from spam, hacking, and phishing. "G Suite customers and free consumer Gmail users can remain confident that Google will keep privacy and security paramount as we continue to innovate," the statement says.

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Democrats lay out demands for coronavirus funding

Photo: Alex Wong/Getty Images

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer released a joint statement Thursday outlining their demands for coronavirus funding, including a guarantee that the eventual vaccine is affordable.

The big picture: Pelosi criticized the Trump administration's response to the coronavirus outbreak, calling it "chaotic" and chiding President Trump for "name-calling" and "playing politics." She added at a press conference that bipartisan congressional leaders are nearing an agreement on emergency funding.

Coronavirus updates: Japan closes schools and Saudi Arabia bans holy site visits

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus is now affecting every continent but Antarctica and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. As Denmark and Estonia reported their first cases Thursday, Scott Morrison, prime minister of Australia — which has 23 confirmed infections — told a news conference, "The risk of a global pandemic is very much upon us."

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Wall Street falls into correction territory as coronavirus rout intensifies

A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

The S&P 500, Dow Jones and Nasdaq all entered correction territory on Thursday, down 10% from their recent record highs amid a global market rout that began earlier this week following a spike in the coronavirus cases around the world.

The big picture: Stocks fell more than 3% for a time on Thursday morning, extending the market’s worst week since the financial crisis in 2008, according to CNBC.