Money

USA reportedly ready to charge 4 in Yahoo's massive hacks

USA reportedly ready to charge 4 in Yahoo's massive hacks

Two of those individuals - working for the Russian Federal Security Service. The Russian agents were identified as Dmitry Dokuchaev and Igor Sushchin, both members of the successor agency to Russia's KGB. Yahoo has said it believed it was the victim of a "state-sponsored" attack. The U.S. government accused Russian Federation of directing some of the world's most notorious hackers to break into computer systems, namely a half-billion accounts at Yahoo (YHOO), in a broad scheme pairing ... Read More

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Be patient on oil market balance, IEA says

Be patient on oil market balance, IEA says

Provisionally, we estimate that the non-Opec countries have cut production by 37 per cent of their commitment in the first two months of the year. Finally, U.S. For crude imports, volumes so far this year are close to 400,000 (kb/d) higher than a year ago; U.S. crude oil production has increased by 400 kb/d since September; and refinery runs fell from 17 mb/d at the start of the year to only 15.5 mb/d at the beginning of March. Read More

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Asian share markets gain, U.S. dollar weaker after Fed hike

Asian share markets gain, U.S. dollar weaker after Fed hike

In Japan, the Nikkei 225 fell 0.45%, while Australia's S&P/ASX 200 dipped 0.46%, as its gold sub-index went down 1.64% on expectations of a Fed rate hike dimming demand for the precious metal. "Emerging market (EM) equities are likely to get a breather from the uncertainties related to the pace of rate hikes", said Taye Shim, head of research at Mirae Asset Sekuritas. Read More

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Hacked? McDonald's calls Trump 'disgusting excuse of a President' in deleted tweet

Hacked? McDonald's calls Trump 'disgusting excuse of a President' in deleted tweet

Whoever did the compromising , in using the official McDonald's corporate Twitter account instead of the main account , the tweet reached an audience of millions less. The rogue tweet highlights the risks of social media, when high-profile accounts can be either hijacked or sometimes targeted by "trolls", in social media parlance, who harass the account and its followers. Read More

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Bad weather cancels flights across Northeast of the US

Bad weather cancels flights across Northeast of the US

Officials have canceled hundreds of flights for Tuesday, mostly in and out of Baltimore-Washington International Airport, LaGuardia Airport, Ronald Reagan Washington National Airport and Chicago's Midway. As o.m., FlightAware reports 762 flights have been canceled for Wednesday. Meteorologists have predicted as much as 50cm worth of snowfall in New York City between Monday and Tuesday evening , while there are also warnings for severe winds. Read More

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Trumps asks for resignation of US Attorney A. Lee Bentley III

Donald Trump got to say one of his favorite phrases to USA attorney Preet Bharara: "You're fired!" "President Trump's abrupt and unexplained decision to summarily remove over 40 U.S. Attorney, Bharara said. "Being the US Attorney in SDNY will forever be the greatest honor of my professional life". Career attorneys are to carry on the work until new United States attorneys are put in place, the Justice Department said. Read More

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State Street calls 'bull' on board inequality with statue

State Street calls 'bull' on board inequality with statue

State Street Global Advisors (SSGA), a Boston-based asset manager, commissioned a statue (artist Kristen Visbal) of a defiant young girl to stare down the raging bull as a statement on the wage gap. The company said that one in four of the 3,000 largest traded United States companies don't have a single woman on their board. "Promoting leadership opportunities for women in financial services, and all industries, provides companies with new perspectives and approaches that may lead ... Read More

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Oil prices have fallen on worries China will cut demand

Last year, China's economy grew 6.7 per cent. Oil has fluctuated as investors assess whether USA output and inventory gains will hurt efforts by the Organization of Petroleum Exporting Countries and other nations to ease a glut. "Its size will depend on price levels". "The United States responds more rapidly to price signals than other producers". Brent for May settlement rose 11 cents to $56.01 a barrel on the London-based ICE Futures Europe exchange. Read More

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Deal done? Reports PSA/GM have signed Opel agreement

PSA's board agreed the deal on Friday, and an official announcement is planned for Monday, said Reuters , citing unnamed sources. Spokesmen for PSA and Opel declined to comment. The Detroit News reported that GM has lost approximately $20 billion in the European market in the last 20 years. GM's European business has failed to book a profit since 1999 . Read More

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Several Investigations Underway on Trump-Russia Connections

Several Investigations Underway on Trump-Russia Connections

The president called for a probe into Schumer's "ties to Russian Federation and Putin" and called the NY senator "A total hypocrite!" The two are shown eating Krispy Kreme donuts, according to the AP photo caption . Sanders said. Several members of the Trump team have ties to Russian Federation that have drawn criticism from Democrats and some Republicans over their coziness with a foreign power considered a global threat. Read More

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Uber used an elaborate secret program to hide from government regulators

Uber used an elaborate secret program to hide from government regulators

In one such city, Portland, in Oregon, US, the use of the tool was uncovered by authorities in 2014, when Uber was still wrangling with the city over whether it could operate its UberX service legally. It's still in use today. "An Uber spokesperson provided the following statement to Fortune: This program denies ride requests to fraudulent users who are violating our terms of service-whether that's people aiming to physically harm drivers, competitors looking to disrupt our ... Read More

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After immigrant arrests, local restaurant reopens

After immigrant arrests, local restaurant reopens

Daniela Vargas had spoken in front of city hall in Jackson, Mississippi, and as she was driving away, ICE officials pulled her and her friend over. On Feb. Moments after the conference ended, she was arrested . "I'm really anxious about Chicago with the surge in murders as well as the one data - one of the metrics that has been reported in Chicago shows a dramatic reduction in stops and arrests in Chicago by the police department", Sessions said, according to Politco . Read More

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Investors eager to snap up Snap shares after successful IPO

Investors eager to snap up Snap shares after successful IPO

The biggest-ever US initial public offering was Alibaba Group's IPO two years ago, which gave it a valuation of almost $170 billion. Unlike many companies like Uber and Airbnb with sky-high valuations, Snapchat made a decision to go public earlier in its monetization, probably because it's better to go public before the market considers the company overvalued. Read More

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Bank of Nova Scotia (BNS) Rating Lowered to Buy at TD Securities

The dividend yield based on the forward looking indicated annual dividend is 3.61%. Bank of America Corporation assumed coverage on shares of Bank of Nova Scotia (The) in a report on Tuesday, November 1st. BMO shares rose 2.2 percent, on track for their strongest daily gain in almost three months, after the bank reported net income of C$1.5 billion ($1.1 billion) in the quarter ended January 31. Read More

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