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Chinese cyber espionage continues to target a “broad spectrum of U.S. interests,” including national security information, sensitive economic data and intellectual property, the U.S. Director of National Intelligence James Clapper said on Thursday. “Although China is an advanced cyber actor in terms of capabilities, Chinese hackers are often able to gain access to their targets without having to resort to using advanced capabilities,” Clapper told the House of Representatives Intelligence
(Reuters) – Hard-disk maker Seagate Technology Plc said it planned to cut 1,050 jobs, or 2 percent of its workforce, as part of a restructuring program. Seagate has reported a fall in sales for the past two quarters, hurt by weak demand from original equipment manufacturers, including PC makers. Research firm International Data Corp said last month that it expected a bigger drop in 2015 PC shipments than it had
German business software maker SAP is on track to meet its 2015 targets and is not seeing a change in business environment and macro-economic factors, it finance chief said on Thursday. “The current environment is not changing from what I have seen in the first half of the year,” Chief Financial Officer Luka Mucic told reporters at SAP’s headquarter in Walldorf. “Business environment is unchanged, we have confirmed guidance and
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.
Bethany McLean’s new book delves into the story of Fannie Mae and Freddie Mac seven years after the housing meltdown and financial crisis, and tells us why homeownership finance is now one of the biggest unsolved issues in today’s economy.
The market has put too much emphasis on Apple product launches, casting a shadow over its “economic innovation,” Daniel Ernst said.
A new index by one of the most influential institutions in the housing market suggests people are increasingly worried about the economy.
When volatility spikes, it’s usually because of a complex clustering of fears. Here are a few at play now.
International creditors expect the first review of Greek reforms under the latest bailout to start in October, bringing changes to a memorandum of understanding signed with Athens and paving the way for debt rescheduling talks, euro zone officials said. Euro zone finance ministers will discuss preparations for Greek reforms envisaged by the third bailout, worth 86 billion euros ($96.8 billion), at an informal meeting in Luxembourg on Saturday. “There are
Going back to the 1940s, the U.S. central bank has never embarked upon a tightening phase with housing having so much room to run to the upside.
