Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
The growth in net interest income, a main engine of banking profit, looks to slow to a halt in the back half of this year, Bank of America CFO Paul Donofrio says.Banksread more
Google's creation of a censored search engine for China, known as "Project Dragonfly," is proof China has made "successful efforts to recruit Western companies to their information control efforts," said Senator Mark Warner (D-VA) in Washington D.C. Friday.
"It's pretty amazing to me that Google is actually looking to work with China to develop a censored version of its search engine in China," Warner said at the event hosted by the Center for New American Security. "Today China's cyber and censorship infrastructure is the envy of authoritarian regimes around the world. China is now exporting both its technology and its cyber-sovereignty doctrine to countries like Venezuela, Ethiopia, and Pakistan."
Project Dragonfly was revealed earlier this year in reports from The Intercept, and has met with protests from employees inside Google, as well as skepticism from lawmakers. Some Google workers had pledged to strike due to the initiative. Google has characterized the project as "exploratory," and "no decision has been made about whether we could or would launch," a spokesperson said November 29. "As we've explored the project, many privacy and security engineers have been consulted, as they always are."
Warner's comments were delivered as part of a greater push for a more organized cybersecurity strategy at the federal level. "Our Global Engagement Center at the State Department is not sufficiently equipped to counter propaganda from our adversaries. And the White House has still not clarified roles and responsibilities for cyber across the U.S. government," he said.
President Trump has moved more authority to DHS, and recently signed a bill re-naming the agency's cybersecurity arm as the Cybersecurity and Information Security Agency (CISA).
In addition to creating international norms for cyber warfare and crime, Warner said other major tech companies including Twitter, Facebook, Reddit, YouTube and Tumblr, "aren't doing nearly enough to prevent their platforms from becoming petri dishes for Russian disinformation and propaganda."
He called for more efforts between these companies and government agencies to work together in fighting cybercrime, espionage and disinformation.