Author: Press Room
NEW YORK/WASHINGTON (Reuters) – A former employee at the U.S. Consumer Financial Protection Bureau (CFPB) sent confidential records relating to hundreds of thousands of consumers and several financial institutions to their personal email account, the agency said on Wednesday. The bureau found personally identifiable information relating to customers of seven institutions that had been forwarded by a staffer who is no longer employed at the CFPB, it said in a statement. The person also accessed information including names and transaction-specific account numbers related to about 256,000 consumer accounts at a single institution, it added. The CFPB did not identify the…
Activist investing is on the rise, and some public companies are not happy about it. With well-known businesses such as Salesforce and Disney attracting activist campaigns, what are the implications for management and shareholders? In 2022, activists launched the most investor activism campaigns (632) since Bloomberg began tracking global investor activism in January 2017. See the chart below. As background, activist investors aim to make money by minority investing in underperforming companies, trying to improve company performance, and then selling their shares for profit. Activists sometimes work privately with management to implement their changes—though they often also run public campaigns…
In legal contracts, there is a clause called force majeure, which removes liability from unforeseeable and unavoidable catastrophes that may interrupt the normal course of events. If you were building a house in early 2020, a force majeure clause may have kicked in for your builder so that they weren’t penalized due to the unforeseen conditions of the pandemic delaying the construction of your home. What does force majeure have to do with investing though? How does this relate to investing? Despite the seeming disconnect, understanding sudden market shifts is crucial for investors. Uncertainty is a key factor that investors…
Fans of FC Chernomorets Odesa mourn fallen football fan who died in Bakhmut Fans of FC Chernomorets Odesa raise flares as they line the road during the funeral procession for Sergiy Fedik, a football fan and Ukrainian serviceman killed near Bakhmut in the Donetsk region.Bakhmut is the site of heavy recent fighting with the city a battlezone for more than eight months.-Oleksandr Gimanov | AFP | Getty ImagesRussia has committed more than 80,000 war crimes so far, Ukrainian prosecutor general saysUkrainian Prosecutor General Andriy Kostin told U.S. lawmakers that Russian forces have committed more than 80,000 war crimes in Ukraine…
Check out the companies making headlines before the bell.United Airlines — The airline lost 0.9% in the premarket after it announced a net loss for the first quarter. United posted a loss of 63 cents per share, which is 10 cents smaller than the 73-cent estimated loss from analysts polled by Refinitiv. The company reported $11.43 billion in revenue, slightly above the $11.42 billion estimated. Interactive Brokers Group — Shares of the electronic broker were down 3.7% after the company reported a miss on earnings in the first quarter. The company posted earnings per share of $1.35, which fell below the…
Fox News will pay more than $787 million to Dominion Voting Systems after the two sides reached a last-minute settlement Tuesday in the explosive defamation case tied to the news network’s lies about the 2020 US election. It is the largest publicly known defamation settlement involving a media company in US history. The outcome is a painful one for Fox, which acknowledged the court’s findings that “certain claims about Dominion” are “false,” a rare admission that the network spread misinformation. The bill for Fox’s conduct in the wake of the 2020 election could yet swell significantly if another voting technology…
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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The crypto market is in dire need of a regulatory overhaul to win the trust of the masses and penetrate the mainstream. Although crypto regulations are mostly vague now, projects have the option to move their businesses to regulated countries and secure digital asset users and investors. And that’s exactly what Floin has done. It is building a new platform dedicated to the purchase, sale, and storage of digital assets, following the highest quality and security standards. In this article, we take a closer look at Floin and…
Balyasny Asset Management is a multi-strategy hedge fund that has used the cloud since 2017. The firm uses Amazon Web Services and Microsoft Azure to handle most of its tech infrastructure. The firm’s chief information officer and chief data officer detail 4 tools it built on the cloud. Balyasny Asset Management is deploying an arsenal of secret weapons that the $19.5 billion hedge fund has been building on the public cloud. With about 75% of the firm’s tech infrastructure sitting on Amazon Web Services and Microsoft Azure, the Chicago-based firm’s tech division has stayed busy putting the cloud-based tools and services…
The 2024 presidential election is a year away, but Elon Musk already knows who he wants to see in office. Musk has praised and criticized Biden and Trump alike, and he now says he wants a “normal person” as president. He told Fox News he’d like a president “whose values are smack in the middle of the country.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk says the ideal presidential candidate for him is “just a normal person.”In an interview that aired…
