Business


Big Email Hack Doesn't Exactly Send the Message Yahoo Needed

Yahoo! might ultimately face a $30 million to $40 million settlement with users, the person suggested, a small number compared to Verizon's payout. Finally, all users should review their online accounts for suspicious activity. Adobe, maker of Photoshop but also the notoriously flawed Flash plugin, said details of about 152 million accounts were leaked.


Based Eldorado Resorts buying Isle of Capri Casinos

Based Eldorado Resorts buying Isle of Capri Casinos

Downgrades happen when analysts believe that the future prospects for the security have weakened from the original recommendation, usually due to a material and crucial change in the company's procedures, future outlook or industry. Isle of Capri was founded by the late Bernie Goldstein when he opened the nation's first riverboat casino in Bettendorf, Iowa, in 1991. About 2.74 million shares of Isle of Capri have been traded so far today, well above its average trading volume of roughly ...



Wells Fargo CEO resigns position on Fed advisory body

Eight U.S. Democratic senators asked the Labor Department on Thursday, Sept. 22, to launch a probe into whether Wells Fargo may have violated wage and working hour laws by failing to pay overtime to tellers and sales representatives who stayed late to meet sales quotas.



Divided Fed holds interest rates steady but notes improving economy

The next three FOMC meetings are scheduled for November 1-2, December 13-14 and January 31/February 1. The central bank's credibility is at stake after policy makers began the year projecting four rate increases, after liftoff from near zero in December, yet remained on hold time and again because of economic circumstances in the United States and overseas.


Stocks gain moderately as oil, commodity prices rise

Stocks gain moderately as oil, commodity prices rise

But that doesn't mean if the Fed raises rates that you have to accept lower returns. The case for a rate hike had strengthened according to the Fed statement, but the FOMC made a decision to wait for further evidence that there had been further progress in meeting their objectives before removing accommodation.



Gold, silver are up after Yellen backs off hike

The Fed came into 2016 expecting to raise interest rates four times, based on their December dot plot projections. Generally, the primary concern helping to preclude a rate hike was low inflation, but the Fed also stated that it would like to see more improvements in the labor market.