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05 October 21

Facebook blames “faulty configuration change” for nearly six-hour outage

Facebook Inc blamed a “faulty configuration change” for a nearly six-hour outage on Monday that prevented the company’s 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger.
The company in a late Monday blog post https://engineering.fb.com/2021/10/04/networking-traffic/outage did not specify who executed the configuration change and whether it was planned.
Several Facebook (NASDAQ:FB) employees who declined to be named had told Reuters earlier that they believed that the outage was caused by an internal mistake in how internet traffic is routed to its systems.
The failures of internal communication tools and other resources that depend on that same network in order to work compounded the error, the employees said. Security experts have said an inadvertent mistake or sabotage by an insider were both plausible.
“We want to make clear at this time we believe the root cause of this outage was a faulty configuration change,” Facebook said in the blog.
The Facebook outage is the largest ever tracked by web monitoring group Downdetector.

https://www.investing.com/news/stock-market-news/facebook-instagram-whatsapp-down-in-global-outage-2634181

https://www.investing.com/equities/facebook-inc-chart




Tesla ordered to pay over $130 million to Black former worker over racism –WSJ

A federal jury on Monday has ordered Tesla (NASDAQ:TSLA) Inc to pay more than $130 million in damages to a Black former worker, finding he was subjected to a racially hostile work environment, the Wall Street Journal reported.
The jury determined that the company failed to take reasonable steps to prevent Owen Diaz, a contract worker who was employed as an elevator operator at Tesla’s Fremont factory in 2015 and 2016, from being racially harassed, the newspaper said.
In a message to employees that Tesla posted on its website, the automaker noted the trial concerned racial slurs heard on the factory floor and racist graffiti in the bathrooms.
It also said the three times that Diaz complained about harassment, Tesla stepped in and made sure action was taken by staffing agencies.
The jury awarded Diaz $6.9 million in compensatory damages and $130 million in punitive damages, according to the newspaper.
“While we strongly believe that these facts don’t justify the verdict reached by the jury in San Francisco, we do recognize that in 2015 and 2016 we were not perfect,” Tesla said.

https://www.investing.com/news/stock-market-news/tesla-ordered-to-pay-over-130-million-to-black-former-worker-over-racism-wsj-2634589

https://www.investing.com/equities/tesla-motors-chart

Dollar edges toward one-year high as payrolls test looms

The U.S. dollar edged back toward a one-year high versus major peers on Tuesday ahead of a key payrolls report at the end of the week that could boost the case for the Federal Reserve to start tapering stimulus as soon as next month.
The safe-haven greenback was also supported by an equity sell-off that spread from Wall Street to Asia.
The risk-sensitive Australian dollar was among the biggest decliners, with the Reserve Bank of Australia reiterating it doesn’t expect to raise interest rates until 2024 after keeping policy steady, as expected.
The U.S. dollar index, which measures the currency against six rivals, rose 0.16% to 93.987, moving back toward Thursday’s peak at 94.504, its highest since late September 2020.
The index had rallied as much as 2.8% since Sept. 3 as traders rushed to price in tapering this year and possible rate rises for 2022.
The dollar has also benefited from haven demand amid worries spanning the risk of global stagflation to the U.S. debt ceiling standoff.
“The U.S. dollar is only partly priced for the Fed’s expected tightening agenda,” keeping the currency supported over a multi-week horizon, Westpac strategists wrote in a client note.

https://www.investing.com/news/economy/dollar-drifts-below-oneyear-high-as-payrolls-test-looms-large-2634572

https://www.investing.com/currencies/eur-usd-chart

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