INDIANAPOLIS (WISH) — Here are headlines from Jane King at the NASDAQ.
Retailers’ sales: Retailers will reveal more about the holiday-shopping season in the coming week. Several retailers recently detailed steps they’re taking to adapt to the changing world of commerce: Macy’s recently detailed plans to close stores and cut jobs, while L Brands is selling a big stake in Victoria’s Secret.
Speak up: Facebook will pay you for your voice, but don’t expect to get wealthy. The company is paying select people to record phrases to improve its voice recognition tools. It’s asking them record the phrase, “Hey portal, call…” which is its camera-equipped home device, followed by saying the first name of a Facebook friend twice for 10 times. The task takes around five minutes to do. The payment is $5 sent via PayPal.
New phone model: Apple could roll out its new low-cost iPhone at an event at the end of March, Front Page Tech analyst and YouTuber Jon Prosser has revealed, though there are still questions about how much the coronavirus outbreak will hurt production. The new low-cost iPhone model will give help Apple meet consumer demand for quality products that don’t break the bank. Sources say the price starts at $399.
Fighting the virus: The Trump administration will ask Congress this week for more money to fight the deadly coronavirus. Fox Business reports the exact amount is unknown. The Trump administration says it is also focusing on ensuring the U.S. has access to protective gear like face masks and supporting the race to develop treatment drugs and vaccines.
Stocks down: Coronavirus fears returned to the stock market Friday. Declines were led by companies with supply chain exposure in China. Investors rushed to safe havens like the treasury market.
Social media alert: Parents concerned with their children’s TikTok obsession have a new app feature that lets them have more control over how many videos is too many. The company announced the family safety mode, which allows parents and guardians to link their TikTok account to their teens’. Once they’re connected, parents have the option to control how long their teen can spend on TikTok each day under the screen time management feature.