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
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
United Airlines will take its 14 Boeing 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights.Airlinesread more
Trade could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and the bond market, which is flashing new worries about...Market Insiderread more
Mississippi is one of several states that have moved to pass new restrictions on abortion this year.Politicsread more
Approximately 3 million Europeans were affected by a September Facebook security breach in which users' personal information was stolen, the Irish Data Protection Commission told CNBC on Tuesday.
This security breach is expected to be the first major test of Europe's new General Data Protection Regulation, and the number of European users affected could help determine the severity of any penalties against the company.
Under GDPR, companies handling the personal data of Europeans must adhere to strict requirements for holding and securing that information, and must report breaches to authorities within 72 hours. Under the regulation, companies can face fines of up to 4 percent of their annual global revenue. For Facebook, which made more than $40.65 billion in revenue in 2017, that fine could be as much as $1.63 billion.
Facebook first disclosed the security breach on Sept. 28, saying 50 million accounts had their login access tokens stolen. That figure was reduced to 30 million on Friday, and Facebook confirmed that 29 million of the impacted users had their names and contact information exposed. Among those users, 14 million of also had other personal information, such as their gender, relationship status and their recent place check-ins, stolen by the attackers.
Facebook previously declined to share how many users impacted by the breach were based in Europe. But Facebook told the Irish Data Protection Commission that 10 percent of the affected accounts were European, according to Graham Doyle, the commission's head of communications.
The company did not immediately respond to a request for comment on Tuesday.
The Irish Data Protection Commission is investigating the data breach.
"The update from Facebook last Friday, 12 October, was significant as Facebook has confirmed that the personal data of millions of users was taken by the perpetrators of the attack," said a spokesman for the office of the Irish Data Protection Commissioner. "The Data Protection Commission's statutory investigation into the breach and Facebook's compliance with its obligations under the GDPR continues."
Vera Jourova, the EU's justice commissioner, told CNBC earlier this month, "We have very strict rules and we have very strong instruments to discipline the companies which deal and which handle the private data of people, which is obviously the case with Facebook."