The 7 stories PR pros need to know on Tuesday, 8.25.2015

Stock futures show rebound potential; Putin government blocks, then unblocks Wikipedia; Trump feuding again with Fox; FIFA reform chief's controversial comments; Obama gives Biden blessing; Another suit against Ashley Madison; Alibaba stock below IPO price.

Image via the New York Stock Exchange Facebook page
Image via the New York Stock Exchange Facebook page

1. Chinese markets were down again on Tuesday morning, but stocks were up in Europe, indicating Monday’s volatility is beginning to stabilize. Futures indicated US markets could rebound quickly this morning. The Dow Jones Industrial Average closed down 588 points on Monday, driven mostly by concerns about China.

2. Russian authorities briefly banned Wikipedia, reportedly over an entry on hashish, weeks after blocking Reddit over a page on shrooms. The Russian government pulled back on the ban after a few hours.

3. The feud between Donald Trump and Fox News, specifically prime-time star Megyn Kelly, is back on. Trump retweeted a comment on Monday night calling Kelly, who hosted the contentious Fox News Republican debate earlier this month, a "bimbo."

4. The FIFA executive in charge of reforming the organization is drawing fire for comments he made about soccer’s popularity in the US. "But for the US, football, soccer, does not have the same weight as baseball, basketball, and American football. There, it’s just an ethnic sport for girls in schools," Francoise Carrard reportedly told a Swiss media outlet.

5. President Obama reportedly gave Vice President Joe Biden his blessing to run for president on Monday, according to CNN. Biden could challenge Democratic frontrunner Hillary Clinton on issues such as income inequality, but he has to win over some family members on a third White House run first, according to The Huffington Post.

6. A California man has sued Ashley Madison and parent company Vivid Life Media, saying they did not adequately protect the privacy and financial information of users. The lawsuit, which did not identify the plaintiff, is seeking class status.

7. Alibaba’s stock fell below its pre-IPO price for the first time on Monday, driven down by China’s stock market volatility and other business challenges in the country. Alibaba lost more than $5 billion from its market value on Monday. 

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in