and driving hands free around the streets of london, we take a look at the driverless car that may be a gamechanger. let s now get down to business. let s start in the us, where it looks like interest rates will be headed higher and higher. speaking to a senate committee the chair of the federal reserve, jerome powell warned more action might be needed to stabilise prices and tame inflation. many analysts had been expecting another quarter percent rise when the fed meets later this month, but now some are predicting an ever bigger increase. investors didn t like the news, as you can see it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. our north america business correspondent samira hussain reports from new york. last year, the federal reserve raised interest rates at the fastest rate since the 1980s and it seemed to have helped inflation a little but the labour market remains resilient. the lastjob through sport sh
and driving hands free around the streets of london, we take a look at the driverless car that may be a gamechanger. let s now get down to business. let s start in the us, where it looks like interest rates will be headed higher and higher. speaking to a senate committee the chair of the federal reserve, jerome powell warned more action might be needed to stabilise prices and tame inflation. many analysts had been expecting another quarter percent rise when the fed meets later this month, but now some are predicting an ever bigger increase. investors didn t like the news, as you can see it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. our north america business
misinformation and allowing election meddling and led to an apology tour with ceo mark zuckerberg concluding with a grilling on capitol hill. i started facebook. i run. it at the end of the day, i am responsible for what happens. facebook promised to spend billions to put privacy first. users liked that. investors didn t. facebook just suffered the biggest single day loss for any public company in history. in one day, facebook lost $119 billion in market value. tackling its problems will cut into facebook s profits for years to come. but the company says it s necessary to improve its platform and regain our trust. and there s much more ahead in the newsroom. bust but first, at nine years old, she was severely burned in a kitchen accident and now she is a popular beauty blogger
spreading misinformation and allowing election meddling t.led to an a apology tour for ceo mark zuckerberg concluding with a grilling on capitol hill. i started facebook. i run it, and at the end of the day i m responsible for what happens here. facebook promised to spend billions to put privacy first. users like thd that, investors didn t. facebook suffered the biggest single day loss than any public company in history. in one day facebook lost $119 billion in market value. tackling its problems will cut into facebook s profits for years to come, but the is says it s necessary to improve its platform and regain our trust. you ve got to hear this next story. a new york subway rider might have earned himself a spot for life on santa s nice list.
so far. number one. facebook scandals, which sows distrust. facebook reveals it exposed 87 million users to a third-party app. it angered users, advertisers, lawmakers, and investors. it was a hit to facebook s reputation, already tarnished for spreading misreputation and allowing election meddling. it led to an apology tour from mark zuckerberg. i started facebook, i run it. at the end of the day, i am responsible for what happens here. facebook promised to spend billions to put privacy first. users like that. investors didn t. facebook just suffered the biggest single-day loss for any public company in history. in one day, facebook lost $119 billion in market value.