Hottest News Picks for August 5, 2019

1 BREAKING: China Manipulates Market; DOW Drops Nearly Three Percent

China is retaliating at its end of the trade war by devaluing its own currency. Wall Street panicked and the DOW fell almost 767 points; that’s the lowest it’s closed at since November 2016. China’s goal is to soften the impact US tariffs have on their economy.

Investors fear a potential currency war could ensue in light of this tactic. Trump may increase tariffs on China, or he could devalue the US dollar to compensate for China’s currency games. Time will tell what happens, but American consumers could be in for a rough ride in the near future.

2 8chan Message Board Shut Down for Enabling Hate Culture

A popular message board, 8chan, was pulled off of the internet after hosting the El Paso shooter’s hate-riddled manifesto. Cloudflare is the San Francisco-based web hosting company that used to service 8chan until early this week. The company argued that, while the message board doesn’t explicitly encourage individuals to act on their hate, 8chan fosters an environment for extremists to congregate.

Maria Sirbu, Cloudflare Vice President of Business Development, stated “We do not tolerate hate speech.” Although Cloudflare is based in an extremely liberal city, at least this Leftist tech company is standing against hate in its ugliest form.

3 Republican Senator Calls for Gun Control in Wake of Weekend Shootings

Sen. Pat Toomey (R-PA) voiced his support for further gun legislation after news broke of the mass shootings this weekend. He wants to keep guns out of the hands of “psychopaths” through gun control laws. Specifically, Toomey is advocating for a more comprehensive background check law to keep dangerous individuals from obtaining firearms.

What do you think about more detailed background checks as a measure of gun safety? Should more be done to ensure firearms are in good hands? Comment below and let us know.

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