On the Street

EU Takes Aim at American Tech Giants

Silicon Valley tech giants are flourishing, and the European Union wants a slice of the pie. Targets include Facebook, Amazon, Apple, Netflix, and Google – a group of companies collectively known as “FAANG.” At least 9 of the EU’s 28 member states support a movement to tax large digital corporations on their turnover rather than on their profits. Such a ...

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Equifax CyberSecurity Chief was a Music Major with No Technical Training – Attempted a Coverup

Equifax CEO Richard Smith prepares to face the music.

New problems arising for Equifax after it was revealed that their cybersecurity chief responsible for securing 143 million stolen records was a music major with no technical training. Equifax chief security officer Susan Mauldin retired on Friday amid widespread accusations that her company could have done more to prevent the massive data breach that has exposed more than 140 million ...

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Class-Action Suit Against Google – Gender Pay Discrimination?

Three former female Google employees are suing the tech giant claiming that the company pays women less than men in similar roles, while also purposely putting women in career paths with lower pay potential. The official complaint was filed last Thursday in the San Francisco Superior Court by Plaintiffs Kelly Ellis, Holly Pease and Kelli Wisuri, all of which worked ...

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Congress Acts to Investigate Equifax’s Massive Cybersecurity Leak

On September 7, the credit-monitoring company Equifax announced a cybersecurity breach that potentially impacted 143 million Americans. “It was a painful announcement because of the concern and frustration this incident has created for so many consumers. We apologize to everyone affected. This is the most humbling moment in our 118-year history,” wrote Richard F. Smith, CEO of Equifax, in a ...

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Great Expectations in Defense and More

President Trump ran on a platform that included increased defense spending by both the US and its NATO allies and stocks in this sector already reflect this positive backdrop. However, the market also appreciates that there is many a slip ‘twixt the cup and the lip and that expectations are not reality. A case in point is the stock of ...

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Equifax Attack Exposes 140+ Million to Identity Theft – Stock Drops Like a Rock

Credit card reporting agency Equifax was hacked this summer, and we’re just now finding out about it. The attack, which is the third major cybersecurity threat for the agency since 2015, reportedly exposed personal information – including Social Security numbers – of an estimated 143 million people. Lenders rely on data collected by credit bureaus like Equifax to make decisions ...

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The Lure of Penny Stocks

(SOMEWHERE IN FLORIDA) — It’s hard to check your email without hearing about the next “hot” penny stock or the newest pill that’ll increase your manhood a few inches. But the latter has nothing to do with this article; I’m just saying its annoying how many of those spam emails we receive. It’s not just me, right? What this article ...

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Insurance Runs

Insurance stocks have been steady all of this year and are well-positioned for the immediate future. The SPDR S&P Insurance ETF (NYSE Arca: KIE) is up over 18% year-over-year and has recently hit a record high since its debut 12 years ago. KIE tracks the S&P Insurance Select Industry with 50 stocks from the Insurance Brokers, Life & Health, Multi-Line, ...

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