Police have arrested 49 suspected members of a cyber crime syndicate in Spain, Poland and Italy who are suspected of stealing million of euros from European bank accounts, Europol said on Wednesday. Police raided 58 locations as part of the investigation into online “phishing” scams used to transfer money from bank accounts across Europe, the Hague-based European police agency said in a statement. Officials in Belgium and the United Kingdom
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
The jump in interest rates’ to their highest level this year caused a surge in mortgage applications. Why? Fear that rates will move even higher.
Investors have had to quickly get used to the recent spurt of market volatility and, with few assets offering a safe haven from the rout, investors are eyeing the vulnerable bond sector for direction.
The U.S. has taken Russia’s crown as the world’s biggest oil and natural-gas producer, illustrating the seismic shifts in the global energy landscape caused by America’s shale fields.
General Motors Co said on Wednesday its North American labor chief retired last week, as the No. 1 U.S. automaker prepares to open negotiations with the union representing its U.S. hourly work force. GM said Rex Blackwell, its 60-year-old North America labor relations vice president, retired on June 1. In April, he had been promoted to lead negotiator for the coming talks over a new contract with the United Auto
For investors, who are particularly nervous about how rising rates will affect their portfolios, sectors to stay away from.
Target is doubling its share buyback program to $10 billion and boosting its quarterly dividend by 7.7 percent. The announcement comes after the company inadvertently said on its website Tuesday that it …
Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company executives told Reuters. While Facebook has reported regional growth in percentage terms, this is the first time it has detailed ad sales outside the United States and Canada as a percent
Oil prices rose on Wednesday after U.S. government data confirmed a big weekly drawdown in crude inventories and on signs that U.S. oil production growth was leveling off after several years of sharp increases. The U.S. government’s Energy Information Administration (EIA) said on Wednesday that U.S. crude oil stocks fell 6.81 million barrels to 470.6 million last week, much more than a forecast drawdown of 1.72 million barrels. The data