Facebook revealed on Friday that a hack in September allowed attackers to harvest millions of phone numbers and email addresses. In a blog post, the company wrote: First, the attackers already controlled a set of accounts, which were connected to Facebook friends. They used an automated technique to move from account to account so they
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Carlos Barria | Reuters Federal Reserve Chair Janet Yellen testifies on the U.S. economic outlook, before the Congressional Joint Economic Committee on Capitol Hill, in Washington, D.C., November 29, 2017. Former Federal Reserve Chair Janet Yellen balked at President Donald Trump’s growing attacks on the Fed and expressed confidence in her successor, Jerome Powell, according
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Sales taxes, property taxes and other levies such as vehicle taxes also vary from state to state, as well as taxes on things like gas or cigarettes. For retirees, state of residence can make a big difference when it comes to how much of their income goes to taxes. In addition to some states not
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The recent slide in stocks has not persuaded Chicago Federal Reserve President Charles Evans that the central bank should stop raising interest rates. In a CNBC interview Friday, Evans said the economy still looks strong and he and his fellow policymakers on the Federal Open Market Committee should continue to gradually normalize rates. “After many,
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U.S. regional bank PNC Financial Services beat analysts’ estimates for quarterly profit on Friday, but reported a 6 percent rise in operating expenses as it invested in marketing and retail banking. A strengthening U.S. economy pushed borrowing by businesses higher while keeping loan losses low and interest income rose 5.2 percent to $2.47 billion. PNC’s
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Citigroup reported better-than-expected earnings for the third quarter on Friday as the company’s bottom line received a boost from lower corporate taxes. Here is how the banking giant’s results fared compared with Wall Street estimates: Earnings: $1.73 per share vs $1.69 expected by Refinitiv Revenue: $18.389 billion vs $18.501 billion forecast The company’s stock rose
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J. P. Morgan Chase topped analysts’ expectations for third quarter earnings. The firm beat expectations for earnings and revenue: J.P. Morgan reported revenue of $27.8 billion, versus the estimate of $27.5 billion. Earnings per share of $2.34 beat the expectations of $2.25. J.P. Morgan is the first major lender to report earnings. The company is
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For retirees who have recently elected to take Social Security benefits, this could be the first time they see a “real increase” in their monthly checks, Joe Elsasser, president of Covisum, a provider of Social Security timing software, previously told CNBC. For those who are collecting an average Social Security benefit of about $1,400, the
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Walgreens Boots Alliance shares fell Thursday after the retailer’s earnings report showed that fourth-quarter revenue had fallen short, despite a boost from newly acquired stores. Shares declined nearly 2 percent on the day. Walgreens reported net income of $1.5 billion, or $1.55 per share, up from from $802 million, or 76 cents per share, a
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