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For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
The FDIC on Tuesday voted to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
The launch follows a "preview" earlier this month that allowed only limited customers to apply.Technologyread more
A U.S.-China trade deal would be less likely if President Xi cracks down violently on the large-scale protests in Hong Kong, Secretary of State Mike Pompeo tells CNBC.Politicsread more
At least three children held in detention centers at the Mexican border have died, in part, from the flu, a group of doctors say.Health and Scienceread more
The report was conducted by Senator Jon Kyl, R-AZ, and a team of lawyers who interviewed conservatives who use ans study Facebook.Technologyread more
The prospect of increased regulation is coming back to haunt Big Tech, and one FAANG stock looks especially vulnerable to downside.Trading Nationread more
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
U.S. interest rates will keep falling and follow global interest rates all the way down to zero, hedge fund manager Kyle Bass said.Marketsread more
Financial advisers are always "buying at the wrong time and selling at the wrong time because they're emotional," the billionaire founder of Baron Capital says.Marketsread more
Investigators pursuing leads in the Equifax data breach are looking at the possibility the hackers had help from someone inside the company, according to a report on Friday.
An unnamed U.S. government official told Bloomberg News that the investigators were looking at that possibility. And internal investigators at the company found evidence that the initial hackers handed off to more sophisticated hackers, leading the investigators to suspect a nation-state might be involved, Bloomberg reported.
"We have no evidence of malicious inside activity," an Equifax spokeswoman told CNBC. "We understand that law enforcement has an ongoing investigation."
Ex-CEO Richard Smith, who abruptly quit the company earlier this week, was plagued by the fear that hackers would target the company, get past its security firewall and get their hands on Equifax's rich vein of data on hundreds of millions of people.
But the Bloomberg story quotes a former Equifax employee that "just about any employee" at the company had a lot of access to this data and openly discussed it.
In a speech on August 17, a couple of weeks after the discovery of the breach but before the company announced it to the public, Smith said data security was "my number one worry," citing the constant threat of spies and state-sponsored hackers.
"There's an old saying," Smith said during his speech in August, three weeks before the company would disclose the breach affecting as many as 143 million people, "there are those companies that have been breached and know it and there are those companies that have been breached and don't know it. That's how prevalent it is becoming. There are literally close to thousands of data breaches occurring in the U.S. every single year."