The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported in their fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Apple's move into banking could break a key relationship point between customers and wireless carriers such as Verizon and AT&T, according to MoffettNathanson.Marketsread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Donald Trump signed a memorandum on Wednesday to automatically cancel the student loan debt of disabled veterans. More than 25,000 service members will have their...Personal Financeread more
Reps. Rosa DeLauro, D-Conn., and Lucille Roybal-Allard, D-Calif., say they sent a letter to Homeland Security and the Department of Health and Human Services seeking answers.Health and Scienceread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Facebook chief security officer Alex Stamos says in a leaked audio recording that the company's cyber defense operations are run "like a college campus, almost" to satisfy the company's internal culture of freedom to experiment, even though Facebook faces the same kinds of highly sophisticated attacks as a defense contractor.
"The threats that we are facing have increased significantly and the quality of the adversaries that we are facing…Both technically and from a cultural perspective I don't feel like we have caught up with our responsibility," Stamos says in the recording, which was made in July and obtained by the tech news site ZDNet.
"We have the threat profile of a…defense contractor, but we run our corporate networks…like a college campus, almost," he says.
Stamos, formerly the chief security officer of Yahoo, then went on Twitter to explain his coments.
"The college campus wording is just a figure of speech to make a point,"
The Facebook executive then went on:
"Tech companies are famous for providing freedom for engineers to customize their environments & experiment with new tools…allowing for this freedom helps creativity and productivity.
"We have to weigh that against the fact that we have become a potential target of advanced threat actors.
"As a result, we can't architect our security the same way a defense contractor can, with limited computing options and no freedom.
"Keeping the company secure while allowing the culture to blossom is a challenge, but a motivating one," Stamos wrote.