Trump International Hotels Management said late on Tuesday a data breach at a service provider compromised card payment details at 14 of its properties. The compromised information included payment card numbers and card security codes for some of the hotel chain’s reservations processed through service provider Sabre’s central reservation system, according to a notice on […]
Read moreThe FANG group of tech stocks is crushing expectations this year, and a new tech-based exchange traded fund is looking to capitalize on the momentum. AdvisorShares on Wednesday debuted its New Tech and Media ETF under the ticker FNG. The fund will initially track 28 “disruptive innovators,” the company said. The acronym FANG was created […]
Read moreIn late 2013, Snap CEO Evan Spiegel reportedly rebuffed a $3 billion takeover offer from Mark Zuckerberg. Now the Facebook CEO is having the last laugh. This week, Snap shares fell sharply below their IPO price of $17 a share, after one of the investment banks that helped take the company public downgraded its stock […]
Read moreAn unidentified man held up a sign saying “buy bitcoin” during Fed Chair Janet Yellen‘s testimony Wednesday before the House Financial Services Committee. Bitcoin subsequently climbed toward session highs and traded 3.5 percent higher, at $2,415, as of 1:03 p.m. ET, according to CoinDesk. Yellen was speaking during the first round of the Fed’s semi-annual […]
Read moreFacebook CEO Mark Zuckerberg pledged his support for net neutrality protections on Wednesday, offering to work with members of Congress on the law. “If a service provider can block you from seeing certain content or can make you pay extra for it, that hurts all of us and we should have rules against it,” Zuckerberg […]
Read moreAdvancements in technology and globalization are chipping away at America’s middle class, Federal Reserve Chair Janet Yellen said Wednesday. In an appearance before the House Financial Services Committee, Yellen said if the U.S. looks at the flight of jobs and wages from middle-class families, it must take into account how automation has eliminated several lower-skilled […]
Read moreDespite a recent HR crisis and looming trial with Alphabet, Uber’s business improved so far this year, according to a report Bloomberg. The preview of Uber’s second-quarter results, shared on a conference call with investors, indicate that Uber is collecting more money in fares and is narrowing losses, people familiar the matter told Bloomberg. Q2 […]
Read moreWhen Apple introduced iOS 11, it didn’t mention a broadcast feature that just popped up in a new beta of the software that’s bound for iPhones and iPads this September. It did, however, note that users will be able to record their screens — useful for folks who like to share tips and tricks on […]
Read moreThe bond market’s rally picked up steam when Fed Chair Janet Yellen’s testimony was taken to mean the central bank won’t be hiking rates all that much. The gains started Tuesday with the surprise release of Donald Trump Jr.’s emails on his meeting with a Russian lawyer that suggested the Russian government supported his father’s […]
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The expectation that the White House will enact tariffs on steel imports has options traders bullish in the short-term. “Notably the last time tariffs were placed on imported steel by President Bush in 2002 … stocks responded negatively,” MKM Partners wrote in a note. “Options activity across steel stocks has been universally bullish ahead of […]
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