NewsWatch: Facebook discloses record lobbying spending as Zuckerberg braces for House hearing

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MARKETWATCH FRONT PAGE

Facebook Inc. disclosed late Monday that it spent $4.8 million to influence U.S. lawmakers and regulators in the third quarter, lifting its year-to-date spending on Washington lobbying a level that already nearly matches 2018’s full-year total. See full story.

Dow shakes off disappointing results from Caterpillar, Boeing and heads higher

Stocks inch higher Wednesday morning despite a weaker-than-expected report from two Dow components and a poor update from a semiconductor company, with a fresh wave of corporate results on deck. See full story.

Here’s where hedge-fund shorts are at risk of getting burned

Hedge funds are too bearish on oil compared with the fundamentals, an energy analyst says. See full story.

Microsoft’s earnings report will likely make believers out of cloud-software skeptics

The company is well-positioned for further gains, reflecting accelerating revenue growth in the industry. See full story.

Meg Whitman’s new venture is thinking big with a short-form streaming service

Quibi, short for “quick bites,” is scheduled to launch in April with shows and films from A-list directors such as Steven Spielberg and Guillermo del Toro sliced into increments shorter than 10 minutes that are meant to be viewed on smartphones. See full story.

MARKETWATCH PERSONAL FINANCE

CBD is among the top health-related searches, along with ‘diet,’ ‘e-cigarettes,’ and ‘yoga,’ researchers found. See full story.