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Fox Business Briefs: Wall Street Journal reports Twitter is interested in TikTok and the two companies have held preliminary talks about a possible combination; Disney World will start scaling back its hours after lower-than-expected attendance due to the pandemic.

Twitter must pay $100,000 to Washington state for campaign finance violations.

Twitter received nearly $200,000 for hosting campaign ads between 2012 and 2019 but did not disclose that information to Washington’s Public Disclosure Transparency Account in violation of state laws.

Ticker	Security	Last	Change	Change %
TWTR	TWITTER INC.	47.92	-0.34	-0.70%

“Transparency in political advertising is critical to a free and informed electorate,” Washington Attorney General Bob Ferguson said in a Tuesday statement. “Whether you are a local newspaper or a multinational social media platform, you must follow our campaign finance laws.”

TWITTER TO FLAG TRUMP, BIDEN TWEETS IF THEY CLAIM EARLY VICTORY ON ELECTION DAY

The social media platform

Twitter to pay $100,000 to Washington for violating state’s campaign finance laws

October 13, 2020

Twitter will pay $100,000 to Washington after the social media platform failed to maintain public inspection records of nearly $200,000 paid to it for political ads in violation of state law, state Attorney General Bob Ferguson (D) says.

a close up of a computer: Twitter to pay $100,000 to Washington for violating state's campaign finance laws

© Getty
Twitter to pay $100,000 to Washington for violating state’s campaign finance laws

The judgement filed Tuesday in King County Superior Court asserts that since 2012, Twitter has failed to maintain records from at least 38 Washington candidates and committees that bought ads.

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Washington’s campaign finance law requires political advertisers to retain records related to political ads.

“Transparency in political advertising is critical to a free and informed electorate,” Ferguson said in a statement. “Whether you’re a local newspaper or a multinational social media platform, you must follow our campaign finance laws.”

A Twitter spokesperson said the resolution with Washington is “reflective of our commitment to transparency and accountability,”

Washington state seeks $100,000 from Twitter for campaign finance violations

October 13, 2020

(Reuters) – Twitter Inc has to pay $100,000 to Washington state’s Public Disclosure Transparency Account for multiple political campaign finance violations, the state’s Attorney General Bob Ferguson said on Tuesday.

File photo of the Twitter logo displayed on a screen on the floor of the NYSE

© Reuters/Brendan McDermid
File photo of the Twitter logo displayed on a screen on the floor of the NYSE

Twitter received nearly $200,000 for campaign ads from 2012 through 2019 but failed to follow Washington state disclosure laws, the attorney general’s office said in a statement. (https://bit.ly/3nOaSkz)

The company failed to maintain the required records for at least 38 Washington candidates and committees that reported paying $194,550 for political advertising on Twitter’s platform since 2012, according to papers filed at the King County Superior Court.

“Transparency in political advertising is critical to a free and informed electorate,” Ferguson said. “Whether you are a local newspaper or a multinational social media platform, you must follow our campaign finance laws.”

Twitter did

All Eyes On Washington, Wall Street Aims To Open Positive

October 9, 2020

(RTTNews) – The developments in Washington might be the focus on Friday as the investors are looking ahead to a better economy.

Initial signs from the U.S. Futures point to a positive open for Wall Street.
Asian shares finished mostly higher, while European shares are trading up.

As of 8.10 am ET, the Dow futures were adding 111.00 points, the S&P 500 futures were up 14.75 points and the Nasdaq 100 futures were progressing 41.75 points.

The U.S. major averages all ended Thursday in positive territory. The Dow rose 122.05 points or 0.4 percent to 28,425.51, the Nasdaq climbed 56.38 points or 0.5 percent to 11,420.98 and the S&P 500 advanced 27.38 points or 0.8 percent to 3,446.83.

On the economic front, the Commerce Department’s Wholesale Inventories for August will be issued at 10.00 am ET. The consensus is for an increase of 0.5 percent, while it was down 0.3

The Finance 202: Wall Street is optimistic even as Washington stimulus talks make no progress

October 9, 2020

“It’s still all about stimulus at this point: we’re seeing markets move on optimism that some kind of package is going to get done,” Esty Dwek, head of global market strategy at Natixis Investment Managers, told the Wall Street Journal’s Anna Hirtenstein and Ben Eisen.

At the same time, the political mood was trending in the opposite direction. Treasury Secretary Steven Mnuchin, President Trump’s lead negotiator, told House Speaker Nancy Pelosi (D-Calif.) that the president wanted to pursue a comprehensive package, a Pelosi spokesman said, according to Erica Werner and Jeff Stein. Yet as Mnuchin made the assertion to Pelosi on a phone call, White House spokeswoman Alyssa Farah told reporters that Trump wanted a “skinny” bill, only extending aid to airlines, forgivable loans to small businesses and another round of stimulus checks to individuals.

“We’ve made very clear we want a skinny package,” Farah said.

In fact, Trump has

‘It’s infuriating’: Backlog of unpaid jobless claims in Washington is still high, advocates say

October 9, 2020

Even as the number of new jobless claims continues to fall, the number of workers still waiting for jobless benefits in Washington state remains stubbornly high.

Last week, Washingtonians filed 15,496 new unemployment claims, a 12.6% drop from the prior week, the Employment Security Department (ESD) said Thursday. It’s the lowest tally since early March, when pandemic-related layoffs were picking up — and a potential sign of a gradually improving economy. Almost 317,000 Washingtonians were collecting unemployment benefits as of last week. Nationally, there were 840,000 new claims last week, down 1% from a week earlier.

But there were also 20,223 Washingtonians as of last week who are waiting for the ESD to resolve issues with their unemployment claims, according to the agency’s weekly report.

And that figure doesn’t reflect the many thousands of workers who have already been turned down for benefits and are now trying to appeal.

“It’s

Dow Futures Gain on Trump Stimulus U-Turn; Dollar Grinds Higher As Markets Eye Talks in Washington

October 7, 2020

The Wednesday Market Minute

Global stocks mixed as markets react to contradictory statements on stimulus from President Donald Trump.
Hours after ordering White House officials to stop negotiating with Democrats, Trump suggested he would sign a ‘stand alone’ bill to support airlines and small businesses.
White House economic adviser Larry Kudlow tells CNBC a piecemeal agreement on stimulus is a “low probability event”.
The U.S. dollar edges higher amid the stimulus uncertainty, made more complicated by the President’s coronavirus diagnosis, while benchmark 10-year Treasury yields hold at 0.764%.
Oil prices eases as the Energy Department trims near-term demand forecasts and Hurricane Delta slows to a category 3 storm as it heads towards the crude production areas of the Louisiana coast.
U.S. equity futures suggest a firmer open on Wall Street, with a 240 point gain priced for the Dow Jones Industrial Average.

U.S. equity futures powered ahead Wednesday, while the

Washington Real Estate Investment Trust: DC Metro Stability And Redevelopments Will Fuel Long-Term Growth (NYSE:WRE)

October 5, 2020

Thesis

Washington Real Estate Investment Trust (WRE) (“WashREIT”) has exposure to an extremely stable market in the Washington DC metro area. Its properties cover ground in downtown DC, northern Virginia, and Maryland suburbs. The diversified REIT boasts multifamily, office, and retail holdings.

Management has de-risked its portfolio by transitioning to lower-cap rate, lower-risk, and higher-growth suburban multifamily properties. Capital recycling from high-cap rate to lower-cap rate properties has resulted in a short-term decrease in core funds from operations per share and an underperforming stock price. However, the company is well-positioned for the long term with a suburban multifamily focus.

The sector and market focus position the company to benefit from population and employment migration to the region, as well as a continued housing shortage. WashREIT is undervalued due to its diversified nature and recent core FFO per share declines. Suburban office is stable, and retail makes a small portion of

Boeing Confirms End of 787 Dreamliner Production in Washington State

October 4, 2020