The United State’s Wall Street top regulator faced questions today, Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The incursion at the Securities and Exchange Commission struck at the heart of the U.S. financial system. The SEC’s EDGAR […]
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Worries rippled through the consumer market for antivirus software after the U.S. government banned federal agencies from using Kaspersky Labs software on Wednesday. Best Buy said it will no longer sell software made by the Russian company, although one security researcher said most consumers don’t need to be alarmed. Best Buy Co. declined to give […]
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U.S. exchange operator Nasdaq Inc said on Tuesday it would buy investment analytics provider eVestment Alliance LLC for $705 million to bolster its market technology business and woo more institutional investors. Evestment, whose clients include Morgan Stanley, Google parent Alphabet Inc and BlackRock Inc, provides cloud-based services to help investors monitor market trends and make […]
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U.S. job growth slowed in August as employers added 156,000 jobs, though still enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery from the Great Recession. The unemployment rate ticked up from 4.3 percent to a still-low 4.4 percent, the Labor Department said Friday. The government […]
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U.S. productivity grew more than expected in the second quarter as hours worked rose at their fastest pace in 1-1/2 years, leading to a modest increase in labor costs that could keep inflation muted in the near term. The trend in productivity, however, remains weak, suggesting robust economic growth will be hard to achieve. President […]
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Warren Buffett’s Berkshire Hathaway said Friday it will amass a 700-million-share stake in Bank of America, making Buffett the largest shareholder in two of the nation’s largest banks. Berkshire said that it will convert warrants it purchased in Bank of America back in 2011, when the bank was struggling following the financial crisis, into common […]
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The State Department has approved arms sales to Taiwan worth a total of $1.4 billion, the first such deal with the self-governing island since President Donald Trump took office, officials said Thursday. The sale will anger China, which regards Taiwan as part of its territory. It comes at a delicate time for relations between Washington […]
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Slightly more people sought US unemployment benefits last week, but the number of applications remained at a historically low level that suggests the job market is healthy. The Labor Department says weekly applications rose 3,000 to a seasonally adjusted 241,000. The less-volatile four-week average ticked up 1,500 to 244,750. Applications are a proxy for layoffs […]
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