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Global Stocks Rise To Record Highs As Tax Reform Is “Priced In” All Over Again

Yesterday we joked that with the US House of Representatives set to vote for the GOP tax bill on Tuesday, markets would “price in” the same tax legislation they have been pricing in every day for the past year, all over again… Get ready for US markets to price in tax reform all over again […]


FCC Votes To Repeal Obama-Era Net Neutrality Protections

Update: House Speaker Paul Ryan (R-WI) issued the following statement following Federal Communications Commission (FCC) Chairman Ajit Pai’s actions to undo net neutrality regulations: “Despite its unassuming name, the Obama administration’s net neutrality regulation threatens the free and open internet that has done so much to advance modern society. The Trump administration’s action to roll […]


New Uber CEO Waited 2 Months To Disclose Data Breach To Investors, Customers

Earlier this month, newly minted Uber CEO Dara Khosrowshahi made his first high-profile public appearance when he sat down for an interview with the New York Times’s Andrew Ross Sorkin.  Speaking in dulcet tones, Khosrowshahi laid out his vision for making Uber’s workplace culture more inclusive, for building out the product, working with regulators who […]


Uber Admits It Hid Massive Cyberattack For Over A Year, Paid Hackers To Keep Quiet

Just when you thought Uber had hit rock-bottom and was on its way back up… In a somewhat stunning – even for Uber – series of events, Bloomberg reports that the ride-hailing service concealed a massive cyberattack – in which hackers stole personal data from 57 million customers – for more than a year… and […]


FCC Unveils Plan To Roll Back Net Neutrality Rules

The Trump administration has just set in motion a plan to repeal virtually all of the U.S. government’s existing net neutrality rules — a move that could soon deliver a major deregulatory win to telecom/cable giants like AT&T, Charter, Comcast and Verizon.  Ironically, the move comes just as another Trump administration department, the DOJ, seems […]


Matt Taibbi Exposes The Great College Loan Swindle

Authored by Matt Taibbi via RollingStone.com, How universities, banks and the government turned student debt into America's next financial black hole… On a wind-swept, frigid night in February 2009, a 37-year-old schoolteacher named Scott Nailor parked his rusted '92 Toyota Tercel in the parking lot of a Fireside Inn in Auburn, Maine. He picked this […]


Apple Does Right By Its Users… And Advertisers Are Displeased

Authored by Andres Arrieta via The Electronic Frontier Foundation, With the new Safari 11 update, Apple takes an important step to protect your privacy, specifically how your browsing habits are tracked and shared with parties other than the sites you visit. In response, Apple is getting criticized by the advertising industry for "destroying the Internet's […]


SEC Admits US Public Filing System Was Hacked, “May Have Resulted” In Countless Illegal Profits

Over two years ago, on an otherwise uneventful Thursday in May 2015, shares of Avon Products suddenly jumped 20% leaving investors stunned. The catalyst was quickly discovered: a filing recently uploaded to Edgar, the SEC’s public filings database and purportedly from London-based “PTG Capital”, claimed that the "private-equity" firm was bidding to take Avon private. […]


September 21, 2017, Uncategorized
Here’s What Your Identity Sells For On The Dark Web

Millions of Americans who trusted Equifax with sensitive personal and financial data, including social security numbers and credit-card information, are now nervously wondering whether they will be among the unlucky minority of affected customers whose identities are successfully “repurposed” by online criminal groups. One researcher from security firm SecureWorks shared some details about today’s burgeoning […]


Equifax Bonds Crash As FTC Confirms Investigation Into Massive Hack

While not entirely surprising given the demands from politicians, The Hill reports that The Federal Trade Commission on Thursday announced that it had launched an investigation into the Equifax breach that left sensitive information for 143 million Americans exposed to hackers. “The FTC typically does not comment on ongoing investigations,” FTC spokesman Peter Kaplan said […]


Massachusetts Kicks Off State Lawsuits Against Equifax Over Massive Data Breach

Content originally published at iBankCoin.com Consumer credit reporting agency Equifax has already been hit with over 30 lawsuits over what may be the largest breach of sensitive information in U.S. history – at least 23 of which are class-action filings, and all of them representing individuals. On Tuesday, Massachusetts AG Maura Healey – a Democrat who in […]


“Humbled” Equifax CEO Explains Why Company Hesitated To Disclose Massive Data Breach

Two days after the company revealed that hackers had stolen the sensitive information of more than 143 million customers, prompting a deluge of lawsuits from outraged consumers alleging everything from negligence to outright fraud, the credit-security company’s CEO Richard Smith has chosen the op-ed pages of USA Today – America’s largest circulation newspaper – as […]


With Scumbags Like This, It’s Easy To Understand Why Bitcoin Is At $4400…

Authored by Simon Black via SovereignMan.com, File this one away under ‘utterly repulsive’. As you probably heard, yesterday the US-based credit reporting agency Equifax announced a massive cyberattack that affects as many as 143 million consumers. Names. Birth dates. Addresses. Social Security Numbers. Even some credit card numbers were stolen. Literally over one third of […]


New Uber CEO’s “Welcome Aboard” Gift: Another Federal Investigation

Little more than a day after Dara Khosrowshahi decided to accept the Uber board’s offer to become the embattled ride-share company’s new CEO – after the company’s top two candidates dropped out of the running – he received a welcome-aboard present that was just so…Uber. Namely, a report in the Wall Street Journal claiming that […]