News > Financial Services

Quora Says About 100 Million Users Could Be Affected By Security Breach
.Quora said in an email to users and in a blog post by CEO Adam D’Angelo that about 100 million users may have been affected by a security breach that occurred on Nov. 30. D'Angelo indicated that the investigation into the incident is still ongoing and the responsible party has yet to be identified. Its internal security team is working with
SoftBank Will Forego IPO Price Range For Next Month's Offering
SoftBank has set an indicative share price of 1,500 yen for the initial public offering of its domestic telecom unit, becoming the first company in Japan to forego an IPO, as Reuters reports. That indicative share price could make the public offering worth 2.4 trillion yen ($21.16 billion), which would be one of the largest IPOs ever. Alibaba Group currently
EU to Review New Digital Tax Plan From France, Germany
Last month, the European Union announced the collapse of its plans to tax internet and tech giants like Alphabet Inc.’s (NASDAQ: GOOGL) Google and Facebook, Inc. (NASDAQ: FB). The alternative included specific national initiatives. Advancements within the negotiations are slated to be discussed this week, according to a new report. What Happened Paris and Berlin are set to present a
What You Need to Know About Marriott's Starwood Data Breach
Hotel chain Marriott International Inc (NASDAQ: MAR) confirmed Friday it has been a victim of a data security breach involving its Starwood guest reservation database. What Happened Marriott said in a regulatory filing it first became aware of a potential data breach Sept. 8, when an internal security tool flagged an attempt to access the reservation database. After tasking external
This Holiday Season, Make It Silver and Gold
Photo: Maor X | Creative Commons Attribution-Share Alike 4.0 International This Sunday evening marks the beginning of Hanukkah. The Jewish festival of lights commemorates the reclamation of the Holy Temple in Jerusalem from the Syrian-Greeks in the second century BCE. According to accounts, after Judah and his forces liberated the temple, he found only one jar of oil, good for
Microsoft's Valuation Catches Up to Apple — How Did it Happen?
Microsoft Corporation (NASDAQ: MSFT) briefly passsed Apple Inc. (NASDAQ: AAPL) as the world’s most valuable company Monday. Apple has been on a staggering trajectory in the decade since the iPhone was released, and in the process made Microsoft look like a technology company of the past. A quick comparison of the companies' retail stores at a local mall usually shows
Preparing Portfolios for Resilience Against Inflation Surprises
Many investment portfolios that rely heavily on stock-bond diversification to manage risks may not be protected against inflation surprises. Real assets offer a solution. Inflation in the U.S. has accelerated from near zero in 2015 to 2.5% in 2018 (according to the Consumer Price Index or CPI), propelled by trade tensions, strong consumer spending, the tight labor market, and a
Ex-Facebook Exec Says the Social Network Has a 'Black People Problem'
On November 8, shortly before leaving the company, ex-Facebook exec Mark Luckie wrote an email to all his fellow employees. It began: “Facebook has a black people problem.” Luckie’s title was “Strategic Partner Manager for Global Influencers focused on Underrepresented Voices,” and his job focused on outreach to minority groups using Facebook. For more than a year, he talked to
Report: Not All Google Employees Oppose the Company's China Plan
A day after dozens of Google employees signed their names to an open letter demanding the company drop its plan to build a censored search engine in China, TechCrunch is reporting that a letter signed by about 500 employees supporting the plan to re-enter China - code-named Project Dragonfly - "has been in circulation for a number of weeks." TechCrunch
Insider Response to Tech's Volatile Autumn
Within the continuing downward trend afflicting the market at large, the core of the volatility remains squarely among the performance tech names. October-November loses of anywhere from 12 to 20 percent in Apple Inc. (NASDAQ: AAPL),, Inc. (NASDAQ: AMZN) and Alphabet Inc. (NASDAQ: GOOGL) have dragged the Nasdaq composite down into correction territory. When the market is volatile, it’s