Business & Finance News
Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc said on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million profiles it initially reported.
Months after he lost millions when an esoteric corner of financial markets cratered in February, former Target Corp store manager Seth Golden is betting against volatility again.
Wall Street indexes snapped a losing streak on Friday and technology stocks came roaring back after a week of blistering losses as investors looked for bargains ahead of earnings season even as worries about U.S.-China trade tensions lingered.
Stock markets worldwide bounced back on Friday after a multi-day sell-off but remained on track for their biggest weekly losses in months, while U.S. Treasury yields inched higher and the dollar held its gains.
Alphabet Inc’s Google unit has told U.S. lawmakers it is considering “a variety of options” for offering additional services in China.
Two leading U.S. lawmakers, both sharp critics of China, urged Canadian Prime Minister Justin Trudeau on Friday to consider dropping China’s Huawei Technologies [HWT.UL] from helping to build next-generation 5G telecommunications networks.
Tesla Inc has produced more than 11,500 cars, including about 7,400 Model 3s, so far this month, automotive news website Electrek reported on Friday, citing a source familiar with the matter.
The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.
As Wall Street steadied on Friday after its worst two-day slide in eight months, the U.S. stock market remained fragile, with nearly three quarters of the S&P 500’s components in correction territory, or worse.
Facebook Inc said on Friday attackers stole names and contact details of 29 million users in the mass security breach disclosed by the social media network late last month.
Wall Street rose on Friday after a bounce in technology and other high-growth stocks led a fight back from its worst two-day slide in eight months, while early gains from strong earnings of the biggest U.S. lenders faded.
Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday.
Amazon could face a threat other than just EU antitrust scrutiny after a key EU lawmaker announced proposals aimed at curbing online marketplaces’ use of merchants’ data to boost sales of own brand products.
Facebook Inc said on Friday it had confirmed that the attackers in the mass security breach it announced late last month accessed the accounts of about 30 million people in total and stole name and contact details for 29 million.
Wall Street rose on Friday following its worst two-day slide in eight months as technology and other high-growth stocks led a fight back, while early gains from strong earnings of the biggest U.S. lenders, including JPMorgan, faded.
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