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Former N.Y. Fed employee to plead guilty over Goldman leaks

An ex-employee of the Federal Reserve Bank of New York suspected of leaking confidential information to a former colleague working at Goldman Sachs Group Inc is expected to plead guilty on Wednesday, according to a court official. Jason Gross, 37, is expected to appear in federal court in Manhattan for a scheduled plea hearing, according to the court official, days after Goldman Sachs reached a related $50 million settlement with

U.S. private hiring solid; trade deficit at seven-month low

U.S. private employers maintained a steady pace of hiring in October and the trade deficit hit a seven-month low in September as exports rebounded, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December. The ADP National Employment Report showed on Wednesday that private payrolls increased 182,000 last month on top of the 190,000 jobs added in September. “The private sector continues

U.S. September trade deficit smallest in seven months

The Commerce Department said on Wednesday the trade gap fell 15 percent to $40.8 billion, the smallest deficit since February. Lower crude oil prices also helped to curb the import bill. The drop in the trade deficit reversed the widening seen in August, though the prior month’s figure was revised slightly down to $48 billion from the previously reported $48.3 billion.

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Why America Just Lost Its First Cyberwar

The most powerful supercomputers in the world – and what they do? We live in the computer age so it’s no surprise that a nation’s international importance is often measured on the number and the size of supercomputers it runs. After three wins in a row, it was no surprise that this supercomputer, was hailed once again as the world’s most powerful system…

Victims Of Identity Theft Face Months Of Hassle

Identity theft victims face months of hassle Yahoo Finance: By Brandon Bailey SAN FRANCISCO (AP) — As soon as Mark Kim found out his personal information was compromised in a data breach at Target last year, the 36-year-old tech worker signed up for the retailer's free credit monitoring offer so he would be notified if someone used his identity to commit fraud. Someone did. The first monitoring report showed crooks

Time To Buy Energy?

Oil to take down the S&P 500 — but there's still no better time to invest in energy Marketwatch: By Barbara Kollmeyer Invest in energy. Now. The heck you say. But as we plumb the depths of under-$60-a-barrel oil, that chorus is rising. Take Stephen Schwarzman, the chairman of Blackstone, who said yesterday there’s no better time to invest in energy than now. Simply, lots of people out there have

Government Shutdown Threat Ends As Spending Bill Passed

Senate passes spending bill, ends government shutdown threat Reuters: By David Lawder and Amanda Becker The U.S. Senate on Saturday passed a $1.1 trillion spending bill that lifts the threat of a government shutdown as Congress attempts to wrap up a two-year legislative session marked by bitter partisanship and few major accomplishments. The Senate's 56-40 vote sends the measure to President Barack Obama, who is expected to sign it into

The Reason Putin Is Buying So Much Gold

The Reason Putin Is Buying So Much Gold – Russian President Vladimir Putin is developing a taste for gold (CEC:Commodities Exchange Centre: @GC.1). With all of its income from selling oil (Intercontinental Exchange Europe: @LCO.1), Russia is…