Private share trading takes off as tech companies shun IPOs Employees and investors use derivatives and other methods to raise funds and reward early backers The easy availability of investor cash has allowed many technology companies to delay listing on public markets but caused a surge in trading of a different kind: in the private […]
Consumers Seeing Big Swings in Income and Volatility NEW YORK (TheStreet) — A new study by the JPMorgan Chase Institute finds that individuals at all income levels have experienced high levels of income volatility, and even higher levels of spending volatility. Read more here.
Income and spending get more volatile-JP Morgan Chase Inst. Diana Farrell, who heads the JP Morgan Chase Institute talks about the challenge many Americans face in managing big swings in both pay and spending. Bobbi Rebell reports. View more here.
Cyber insurers add value with access to expert resources As more organizations realize they need to improve their cybersecurity posture, insurers have begun to offer more than a simple risk transfer, adding pre-breach services, risk assessments, and expert resources to help clients prepare for what some consider “inevitable” breach events. Read more here.
Using ‘Big Data’ to Build a Better GDP The U.S. economy contracted at 0.7% in the first three months of 2015, according to Friday’s revised reading from the Bureau of Labor Statistics. The economy slipped in the first quarter of last year, too, and this has sparked a wildfire debate among the dismal-science set about […]
Zito Partners response, sent to Brian Krebs on May 20, 2015, following a KrebsonSecurity blog post: As you know, root9B Executives Eric Hipkins, John Harbaugh and Mike Morris all offered to get on the phone with you on the record about the information in the report and share information on background about the Nigerian issue […]
Here’s how much money you should save based on your income Spoiler: you probably don’t have enough If the threats of random car repairs, reduced work hours or an emergency hospital visit keep you up at night wondering how you’d make ends meet, you’re probably not alone. Americans across the income scale don’t have enough […]
Money managers see big jump in infrastructure, energy assets By Arleen Jacobius Read the article here.
DESPITE THE FLURRY, these deals aren’t an indictment of MLPs in general and don’t make sense for that many companies. “It’s a unique situation for a limited number of MLPs that are very mature,” says Matt Sallee, a portfolio manager at Tortoise Capital Advisors, an energy-investing specialist. Individual investors may have reason to be disgruntled, […]
Watch the latest video at video.foxbusiness.com Potential Russian hacking of banks averted Root9B Technologies CEO Joe Grano and COO John Harbaugh on how the firm stopped Russian hackers from targeting banks. View more here.
APT28 orchestrated attacks against global banking sector, firm finds A security firm has uncovered planned attacks against several financial institutions and has linked the activity to APT28, a Russian cyberespionage group which looks to have expanded its sights beyond targets at government and military organizations. Read more here.
US banks targeted in new Russian hack Analysts said the attach was only a preparation for a larger scale attack. Bank of America, Regions Bank, TD Bank, and Commercial Bank International of UAE are among the US and international financial institutions targeted by a Russian hacker group previously linked to Kremlin-aligned cyber-espionage, according to research […]
New Russian Hacks Target US Banks Cybersecurity experts at root9B, staffed by veterans from the U.S. State Dept. and Dept. of Defense, have discovered that a powerful Russian cyber hacking group linked to Kremlin-backed cyber-espionage is making preparations for a large-scale attack on global banks. Read more here.
Crude Futures Rise on Weaker Dollar as Inventories Drop Again by Moming Zhou and Mark Shenk Crude futures rose for a second day as the U.S. dollar weakened to a four-month low, boosting oil’s investment appeal, while inventories fell again. Gains for New York-traded oil futures lagged behind Brent after U.S. refineries reduced their crude […]
Most Startups Will Never Be Unicorns–and That’s OK By Maria Aspan on May 12, 2015 It’s ludicrously easy for Uber and other billion-dollar startups to raise money. But it’s still incredibly difficult for nearly anyone else. There’s a wide gap between the haves and have-nots among entrepreneurs seeking venture capital, though it’s not one that’s […]
Russian Hackers Target U.S. Banks [REPORT] By Mark Melin on May 13, 2015 Russian state-sponsored cyber hackers, or organizations with state ties, are preparing to target Western banks and financial institutions, some in the U.S., a new report from cyber security firm Root9B says. The groups were identified as APT28 and Pawn Storm and are […]
FDNY Celebrates 150th Anniversary Stephen Ruzow, chairman of the FDNY Foundation, sits down with Roseanne Colletti to discuss the 150th anniversary of the FDNY and the upcoming annual dinner. View more here.
Russian Cyber Espionage Group Planning to Hit Banks: Report By Eduard Kovacs on May 13, 2015 APT28, the notorious cyber espionage group that is believed to be sponsored by the Russian government, is planning to attack various financial institutions from across the world, according to a report published on Tuesday by cybersecurity services and training […]
Russian cyber group seen preparing to attack banks A security firm is warning that a group of Russian hackers known for targeting military, government and media organizations is now preparing to attack banks in the U.S. and elsewhere. Read more here.
Gold Can Go Up With Higher Dollar & Interest Rates Bob Alderman, head of Wealth Management at Gold Bullion International, says gold can rally despite head winds. Read and view the video here.
Great opportunity for every investor to own some physical gold”: Bob Alderman Q & A with Bob Alderman, Executive Vice President, Gold Bullion International By Rajesh Bhayani | Mumbai May 12, 2015 Bob Alderman, a 27- year veteran in wealth and asset management is Executive Vice President and Head of Wealth Management for Gold Bullion […]
Is Uber Worth $50 Billion? The Wall Street Journal is reporting that Uber, the car service app, is in the process of raising up to $2 billion in venture funding at greater than a $50 billion valuation, which would make it the world’s most valuable startup. Uber was previously said to be valued at $41.2 […]
Military Experts an Advantage in War Against Hackers Says Root9B CEO Human beings are ultimately behind corporate hackings, so cyber-security firms need to employ the best trained people to beat them at their own game, said Joseph Grano, CEO of Root9B Technologies. Grano, a former Green Beret, added that root9B differentiates itself from other cybersecurity […]
The Big Hunt for Yield: Franklin Square CEO Appears on Fox Business News Michael Forman Explains the Rapid Growth of BDCs Read more here.
Oil Jumps to Four-Month High on Optimism Supply Glut to Ease U.S. benchmark oil prices surged to a four-month high after stockpiles at the nation’s biggest storage hub fell for the first time since November. Read more here.
How Can Oil Producers Turn $70 Oil Into $90 Oil? Tortoise Capital Advisors Portfolio Manager Robert Thummel discusses challenges for the oil and gas services industries in the wake of lower oil prices. He speaks on “In The Loop.” (Source: Bloomberg)
Oil Rises to 2015 High as Data Signals End of U.S. Supply Surge Crude supplies increased last week at the slowest pace since January, the Energy Information Administration said. Output from shale formations such as North Dakota’s Bakken will fall in May, the EIA said Monday. Read more here.
Horizon CEO: Abuse of Out of Network Costs Driving NJ Health Care Costs Up New Jersey is the fourth most expensive state for family health coverage. According to the Commonwealth Fund, from 2010 to 2013 family premiums here increased by 7.4 percent every year and the national average was under 5 percent. The hospital with […]
Wealthy Tech Investors Losing Value By Not Owning Pre-IPO Shares High net worth investors are losing value by not seeking out shares of hot pre-IPO technology companies, said Atish Davda, CEO of EquityZen. View the video here.
Oil Climbs the Most in Two Months on U.S. Crude Output Decline Oil advanced the most in two months in New York after a government report showed that U.S. crude output dropped from the highest level in more than three decades. Read more here.