Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
J.P. Morgan Chase reportedly ousted its "special operations" head after learning that his insider security group had started spying on the bank's top executives.
With the help of more than 100 engineers from the data mining company Palantir, Peter Cavicchia III collected emails, browser histories and GPS locations from company phones, as well as transcripts from recorded phone conversations. The original surveillance, started in 2009, was sanctioned by the bank as a means to keep tabs on potentially dishonest traders, according to a Bloomberg News report published Thursday.
The extensive data collection, however, came to an abrupt halt after Cavicchia "went rogue," collecting data on some of the bank's senior executives and sparking an internal scandal, the report said. He was forced to resign in 2013.
J.P. Morgan Chase declined to comment on this article.
Founded in 2004 by Peter Thiel, Palantir originally made a name for itself working for federal agencies, including the CIA and other members of the U.S. intelligence community. Palantir tech has been credited with helping the U.S. military detect roadside bombs in Afghanistan as well as helping create a controversial license plate database for the State of California.
Read the full Bloomberg News report here.