Two Equifax executives are retiring, effective immediately. The credit reporting company announced last week it suffered a massive data breach. Chief information officer David Webb will be replaced by Mark Rohrwasser, who has led Equifax International IT operations since joining the company in 2016. Chief security officer Susan Mauldin will be replaced by Russ Ayres, […]
Read moreJPMorgan’s top quant strategist backed his boss this week in bashing bitcoin, warning that the cryptocurrency is likely a “pyramid scheme.” Marko Kolanovic, the bank’s global head of quantitative and derivatives strategy, said in a note on Wednesday that in addition to being volatile and difficult to value, “another worrying aspect of cryptocurrencies are some […]
Read moreKGI analyst Ming-Chi Kuo said in a note this week that investors should buy shares of firms working in Apple‘s supply chain to provide parts for the Apple iPhone X. Kuo also revised his iPhone X unit shipments forecast to 40 million units for the first half of 2018. Kuo accurately predicted that Apple wouldn’t […]
Read moreAdvertising trade groups are admonishing Apple for adding features to its web browser Safari which will limit the user data companies can see. The move caused six major advertising trade associations to publish a letter on Thursday arguing against the changes, claiming Apple’s move could make online advertising worse and deprive media companies of revenue. […]
Read moreNvidia shares are surging as much as 6 percent on a hyper-bullish report from Evercore ISI senior equity research analyst C.J. Muse. But it isn’t immediately clear that the report presents much in the way of new information. Nvidia’s recent run has been downright spectacular. Shares of the semiconductor company have nearly tripled in value […]
Read moreApple may not be able to meet demand for the highly anticipated iPhone X until the first half of 2018, according to a note from a top analyst obtained and reported by Apple Insider. Ming-Chi Kuo, of KGI Securities, said in the note to investors he now estimates Apple will be able to produce just […]
Read moreFacial recognition technology, such as in Apple‘s new high-end iPhone X, is more secure than other authentication systems but it isn’t perfect, a cybersecurity expert warned on Friday. “None of these systems are flawless. And you’ll see it with Apple. They can be defeated. Somebody will do that,” said Tom Grissen, CEO of biometrics firm […]
Read moreWith recent computer breaches of major companies such as Equifax dominating the news, one Wall Street firm predicts FedEx will suffer from the summer’s cyberattack on its European business. FedEx announced on June 28 its TNT Express subsidiary based in Europe was cyberattacked, which disrupted its operations and communications systems. The company said no data […]
Read moreThe tech industry has been plagued for years with criticism over its lack of diversity. On Thursday, Uber’s newly appointed chief brand officer Bozoma Saint John joined the dialogue on how to fix this issue at Recode’s Code Commerce event in New York. The No. 1 way to address this ongoing diversity issue, she says, […]
Read moreIt’s going to take more than a double-digit percentage drop in a week to shake strategist Tom Lee’s faith in the potential of bitcoin. “I unequivocally believe bitcoin is your best investment to the end of the year,” the Fundstrat co-founder told CNBC, standing by similar remarks he made Aug. 9 on “Fast Money.” He […]
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