CloudFlare , a private multi-billion-dollar company which secures websites by filtering out hacks, accidentally leaked customer information for months, the company has said. Among the data spilled are “private messages from major dating sites, full messages from a well-known chat service, online password manager data, frames from adult video sites, and hotel bookings,” said Alphabet ‘s Google security researcher Travis Ormandy, who first reported the leak last week.
Mexico Isn’t Interested in Financial Aid From U.S.
Mexico says it doesn’t need the U.S. financial aid currently under review by President Trump, Reuters reports. Trump has ordered a review of on the assistance the U.S. has given to Mexico over the last five years.
Big Oil, Big Setbacks: Avoid These 3 ‘Super Majors’
Put aside the political noise and punditry and just focus on the numbers, especially corporate earnings reports. This rule especially applies to the turbulent energy patch, which continues to get whipsawed by rumors, hopes and fears.
Stocks Hold Lower as Dow’s Winning Streak Is Threatened
Stocks hold lower on Friday, threatening to snap a 10-day record-breaking streak for the Dow Jones Industrial Average. Stocks held lower on Friday, threatening to snap a 10-day record-breaking streak for the Dow Jones Industrial Average , even as Donald Trump provided more hints as to his promised tax reforms.
Charles Barkley drops curse word on ‘Inside the NBA’
Charles Barkley accidentally used a curse word on-air when describing the New York Knicks’ play on TNT’s “Inside the NBA.” During highlights of the Cavaliers’ 119-104 win over New York in Cleveland on Thursday, Barkley used a synonym for excrement in reference to the Knicks.
Standard Chartered Drops After 2016 Profit Misses Estimates
Standard Chartered Plc posted annual profit that missed analyst estimates as the bank took losses on a private-equity business it’s shutting down and said efforts to clean up conduct issues affected performance. The shares fell as much as 5.4 percent.
PSA boss ‘gives Vauxhall UK plant assurances’
Carlos Tavares, the boss of France’s PSA Group, has given assurances to the Unite union about UK plants following a potential deal to buy carmaker Vauxhall. “He [Mr Tavares] was very pro-union.
Do we need to temper expectations for growth and the agenda in Washington? — Guilfoyle
“I want the U.S. Treasury, debt management, to issue 100-year bonds as soon as possible, to take advantage of generational interest rate lows that we will not see again for hundreds of years.” — Larry Kudlow, this past December.
European Stocks Slide, Bond Rally as Investors Trim Risky Bets
European stocks retreated Friday as global investors trimmed risk positions amid questions over both the pace of Fed rate hikes and tax and spending plans from President Donald Trump. European stocks traded firmly in the red Friday as global investors trimmed risk positions amid questions over both the pace of rate hikes from the U.S. Federal Reserve and tax and spending plans from President Donald Trump.
Trader’s Daily Notebook: We’re in Limbo, but How Low Can We Go?
Intermediate and higher timeframe traders of the E-Mini S&P 500 futures may want to tune out for a moment, because what I’m about to say will likely annoy those who steadfastly make all their decisions based on a 50-day or 200-day simple moving average . OK, you’ve been warned.
Rev’s Forum: Warning Signs Under the Surface as the Dow Hits All-Time Highs
Although the senior indices posted gains once again, the action on Thursday may have been the weakest we have seen so far in 2017. In view of the one-way nature of the action, the bar is set very low, but it was one of those days where the underlying action raised some concerns.
J.C. Penney to Shut 130-140 Stores; Sales Drop
Department store operator J.C. Penney said on Friday it would close about 130-140 stores over the next few months, and reported a 0.7 percent drop in same-store sales for the holiday quarter. The company will also initiate a voluntary early retirement program for about 6,000 eligible employees and close two distribution facilities.
Career Coach: Finding role models where you need them
When I think about role models, I think of my mother. Now retired, my mother was a working mom her whole career.
Sprint, Open Mobile agree Puerto Rico, USVI mobile merger
Sprint and PR Wireless, trading as Open Mobile, have struck an agreement to combine their respective businesses in Puerto Rico, together with Sprint’s business in the US Virgin Islands, into a new joint venture. The merger seeks to create a stronger competitor offering post-paid, pre-paid, business and Lifeline services, and the transaction is expected to deliver increased scale, an expanded distribution platform, improved network capacity and an enhanced spectrum position.
Croatia to Continue Production Incentives Despite Film Center Crisis
The government of the south-eastern European country confirms its commitment to “maintaining and strengthening” its tax breaks for foreign productions. The Croatian government will continue its production incentives for filmmakers despite a crisis at the national film center that administers the 20 percent tax rebate scheme.
Boeing to Open Its First European Plant — in Post-Brexit U.K.
Boeing Co. plans to open its first ever European factory in Sheffield, northern England — delivering a vote of confidence in the U.K.’s manufacturing capabilities as the country prepares to exit the European Union.
The 10 Most Innovative Companies In Travel 2017
The past year in travel has been marked by consolidation: Marriott created the world’s largest hotel company with its acquisition of Starwood Hotels; Paris-based AccorHotels took over the luxury portfolio of Fairmont, Raffles, and Swissôtel; and China’s ambitious Ctrip booking platform announced its global ambitions by taking over the U.K.-based travel search engine Skyscanner. But even as the dominant players grow stronger and bolder, new ideas are bubbling up all over that promise to change the way we experience the world.
FCC rolls back net neutrality ISP transparency rules
The U.S. Federal Communications Commission has voted to roll back some net neutrality regulations that require broadband providers to inform customers about their network management practices. The Republican-controlled FCC on Thursday suspended the net neutrality transparency requirements for broadband providers with fewer than 250,000 subscribers.
SoftBank, Foxconn Set Up $1.2 Billion Joint Venture Amid U.S. Investment Drive
SoftBank and Foxconn said Friday that the two companies have formed a joint venture that could be worth $1.2 billion as the tech group plans a series of U.S. expansions. SoftBank of Japan and Apple supplier Foxconn said Friday that the two companies have formed a joint venture that could be worth $1.2 billion as the tech group plans a series of U.S. expansions that could create tens of thousands of jobs.
Chevron, Exxon Mobil Lag Crude Oil on Declining Momentum in the Energy Sector
Nymex crude oil has a positive but overbought weekly chart, while the energy sector ETF and shares of Chevron and Exxon Mobil have negative weekly charts. Remember when the ups and downs of Nymex crude oil correlated with the ups and downs of the stock market? This dynamic was a characteristic of the stock market for most of 2016.
Who’s Fretting About the Market Now?
About a week ago, I had a market discussion with someone whom we would consider a professional in the business. He challenged me, saying the market was hunky-dory.
‘Wait until you can’t take it, and buy. Then wait until you are euphoric, and sell.’
There’s a reason why this market’s so hard to kill — the rotations are endless and they are positive! Two weeks ago, you couldn’t give away the drug stocks. Now they are all things of beauty.
Study: Trump’s Jobs Plan Could Lead to Marriage Boom
President Trump’s promise to revive the U.S. manufacturing sector could have an unintended consequence: stimulating a marriage boom. The president met with U.S. manufacturing CEOs at the White House on Thursday and reiterated his pledge to institute economic policies, including tax cuts and deregulatory efforts aimed at creating millions of new “made-in-America” jobs.
How racial bias could be hurting Silicon Valleya s bottom line
Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events People take their seats ahead of Apple’s annual Worldwide Developers Conference presentation at the Bill Graham Civic Auditorium in San Francisco, California, on June 13, 2016. Apple shareholders will decide next week whether to force the tech giant to diversify its leadership — possibly by tying executives’ compensation to racial diversity goals — in the industry’s latest effort to grapple with a severe underrepresentation of blacks and Latinos in its ranks.
British Airways Parent IAG Shares Rise After Solid Full Year Profit, Buyback Plan
IAG shares traded firmly higher Friday after the British Airways parent posted stronger-than-expected full year profits and launched a a 500 million share buyback program. IAG plc shares traded firmly higher Friday after the British Airways parent posted stronger-than-expected full year profits and launched a a 500 million share buyback program.
Oil Falls as Stockpiles Rise
U.S. oil prices fell on Friday after official data released late on Thursday showed stockpiles rose last week for a seventh straight week, although losses were muted as inventory growth was well below expectations. There were also signs that traders are starting to shift crude stored on tankers in Asia and tanks in the U.S. U.S. West Texas Intermediate was down 16 cents at $54.29 by 0728 GMT.
China Shares Up For 3rd Week
China stocks were largely unchanged on Friday, reversing earlier losses, as reform hopes underpinned the market, with the main indexes up for the third straight week thanks to improving risk appetite. The blue-chip CSI300 index was unchanged at 3,473.85 points, while the Shanghai Composite Index added 0.1 percent to 3,253.43 points.
Verizon Cuts $350M from Yahoo Price
While Verizon is moving ahead with its plan to take over core parts of Yahoo’s business, the company has cut a new deal that lowers the price and has Yahoo shouldering more responsibility for any fallout from several large security breaches. Expected to close in the second quarter of this year, the Verizon acquisition of Yahoo is now priced at $4.48 billion — $350 million less than when the purchase was first announced in July.
FCC’s Rural Broadband Plan is Digital Favoritism, not Digital Empowerment, WISPA says
“Today’s decision is a squandered opportunity for the American taxpayer and rural Americans. This plan is digital favoritism, not digital empowerment.”
Regulating without regulation – How the FCC sidesteps the First Amendment
Traditionally, media in the United States – from film and television studios to newspapers to book publishers – require no government license to remain in business. Yet, as the pending AT&T-Time Warner merger reveals, owning assets that are licensed by the Federal Communications Commission can come at a heavy cost.
China Said to Name Reformer Guo as Head of Banking Regulator
China has appointed financial-sector expert Guo Shuqing as the new head of the nation’s banking regulator, according to people familiar with the matter. Guo is replacing Shang Fulin, who is retiring, said the people, asking not to be identified as the matter is private.
Trump says China is a ‘grand champion’ at manipulating its…
In an interview with Reuters, he also said China could easily resolve tensions with North Korea if it wanted to. China has been trying to control the rate of its currency’s depreciation since 2014, and it has had a harder time keeping it stable in trade-weighted terms since mid-2016.
Jihadi launchpad Tunisia hesitates taking extremists back
In this photo dated, Dec. 24, 2016, women demonstrate outside the Tunisian parliament, in Tunis, Saturday, Dec. 24, 2016. Poster reads : no to the return of Daesh’s criminals in Tunisia.
RBS Posts $8.7 Billion Full-Year Loss as Litigation, Restructuring Costs Hammer Bottom Line
RBS posted a larger-than-expected full year loss of 6.95 billion after massive litigation and writedown costs hammered the bottom line of the taxpayer owned bank. Royal Bank of Scotland Plc posted a larger-than-expected full year loss of just under A 7 billion, the bank said Friday, after massive litigation and writedown costs hammered the bottom line of the taxpayer owned bank.
European Stocks Called Modestly Higher Amid Cautious Global Trading
European stocks are expected to open modestly higher Friday as investors question both the pace of rate hikes from the Fed and tax and spending plans from President Donald Trump. European stocks are expected to open modestly higher Friday after a pullback for both Asia stocks and the dollar as investors question both the pace of rate hikes from the U.S. Federal Reserve and tax and spending plans from President Donald Trump.
Trump to Speak at Conservative Forum
President Donald Trump takes the stage on Friday at an annual conservative forum, looking to plant his personal stamp firmly on the political movement even as some activists fret his immigration and trade policies go too far. Trump will address the third day of the Conservative Political Action Conference, or CPAC, which has focused on how to fulfill long-held Republican goals to revamp the U.S. tax code, repeal federal regulations on industry and repeal former Democratic President Barack Obama’s healthcare law.
Tokyo Shares Fall as Hopes for Fed Tightening Dim
The Nikkei Stock Average fell 87.92 points, or 0.5%, to 19283.54. The index gained 0.3% this week.
China’s New Banking Regulator Chief Faces Daunting Challenges
China has appointed Guo Shuqing as the new head of the banking regulator, according to people familiar with the matter. Having spent much of his life working on transforming the nation’s financial system, Guo, 60, faces daunting tasks ahead as he takes on oversight of the world’s largest banking industry by assets.
Credit Suisse Sees $750 Million Revenue at Risk in `Hard’ Brexit
Credit Suisse Group AG may need to find new ways to serve clients who generate as much as $750 million of revenue at its U.K. subsidiaries after Britain leaves the European Union, Chief Financial Officer David Mathers said. Losing access to European markets would endanger 10 percent to 15 percent of income at the two units, which have a revenue base of $4 billion to $5 billion, Mathers said in an interview this week in Zurich.
Asian Shares Lower as Investors Await Trump’s Tax Reforms
A decline in financial stocks in Asia weighed on indexes amid a drop in bond yields and concerns about delays to U.S. tax reforms. The Nikkei Stock Average lost 0.3%, with its index tracking banks dropping 0.3%.