Money

123456 is the most common password in a massive Twitter heist

My hack stole your credit card In Mel Brooks’ 1987 spoof “Spaceballs,” there was a recurring joke about the incredibly weak passcode “12345.” “That’s the stupidest combination I’ve ever heard in my life! That’s the kind of thing an idiot would have on his luggage!” Thirty years later, people are still using incredibly idiotic passwords, even to protect their sensitive data and accounts. In a massive recent theft of Twitter usernames and passwords involving nearly 33 million customers, “123456” was by far the most commonly used passcode, according to security ...

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Disney CEO: China is tough but a 'great opportunity'

Sneak peek: The six lands of Shanghai Disneyland China is still a place where dreams can come true, at least for Disney. CEO Bob Iger said doing business in China is tough, but the potential rewards remain compelling. “It’s a challenging market, no question about it,” Iger told CNNMoney in an interview Thursday. “We still believe even with what’s happened recently and with those challenges that we still have a great opportunity to grow.” The media and entertainment giant is officially opening a huge new resort in Shanghai — its ...

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Critics hate the 'Warcraft' movie, but China loves it

‘Warcraft’ fans celebrate film’s premiere in China Despite terrible reviews from critics, the “Warcraft” movie is a smash hit in China. The fantasy epic, based on the popular video game “World of Warcraft,” opened Wednesday in the world’s most populous nation, two days earlier than in the U.S. Tapping into a hardcore fan base of Chinese gamers, it raked in $ 45 million at the box office on its opening day, according to industry consultants Entgroup. That’s the best opening for a movie in China so far this year, and ...

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Nike stands by Maria Sharapova despite two-year drug ban

HEAD CEO: Maria Sharapova made an ‘honest mistake’ Nike is standing by tennis star Maria Sharapova, even after she was suspended for two years for using a banned drug. The sportswear giant, which had previously put its relationship with the athlete on hold, highlighted that an investigation by the International Tennis Federation found that she “did not intentionally break its rules.” “Maria has always made her position clear, has apologized for her mistake and is now appealing the length of the ban,” Nike said in a statement. “Based on the ...

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Top 1% see incomes soar 188%. Everyone else … not so much

El-Erian warns of ‘lost generation’ as income gap grows The Top 1% saw their incomes nearly triple in recent decades, while middle class and lower-income Americans saw theirs creep up by only 18%, according to new government data. The outsized earnings those at the top accrued caused the income inequality gap to widen even further, according to the Congressional Budget Office, which looked at Americans’ incomes and tax burdens between 1979 and 2013. The federal tax system helped reduce the gap, but not as much as government transfers — including ...

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Presidential race delivers huge public interest — and ratings

The view at an election watch party earlier this year. Pundits say this year’s presidential election is historic. Partisans warn of dire consequences if the other side wins. And the public seems to be paying attention. A new Gallup poll finds that 75% of American adults are giving the election “quite a lot” of thought. When Gallup asked the same question at the same time of the year in 2000 and 2004, interest in the presidential race was substantially lower. Gallup says the new results are on par with 2008, ...

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Google shareholder calls exec a 'lady CFO,' Twitter erupts

Google names Ruth Porat its new CFO Oh no he didn’t. Twitter users were enraged by a (male) Alphabet shareholder who referred to Ruth Porat as the “lady CFO” of Google’s (GOOG) parent company at its annual meeting. A female shareholder eventually chimed in to clarify that Porat is the CFO, not the “lady CFO.” Eric Schmidt, Alphabet’s CEO, also acknowledged the comment when he answered a question and said “speaking as your male executive chairman.” Related: Men are making more money off their homes Porat is a rockstar in ...

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Seth Meyers, James Corden and late-night's new BFFs

Broadway stars take over carpool karaoke This seems incongruous only in the context of late-night television’s ancient blood rivalries: On Wednesday night, Seth Meyers will greet James Corden as his lead guest on NBC’s “Late Night” show. Yes, Corden will also be on CBS at the exact same hour with his own show (he pre-taped four last week). The juxtaposition may present a challenge for James’ fans. But not much: Viewers can easily record one show to watch later — or catch up the next day on the best parts ...

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Elon Musk plans first relaunch of SpaceX rocket

A short history of SpaceX’s attempted rocket landings SpaceX CEO Elon Musk is moving ahead with a plan to relaunch one of his rockets this fall. “Fourth rocket arrives in the hangar,” Musk tweeted on Tuesday. “Aiming for first reflight on Sept/Oct.” The message from Musk, who is also the CEO of Tesla Motors (TSLA), included a photo of the four reusable rockets that have been successfully recovered by the company. SpaceX completed its most recent successful flight on May 6, landing the first stage of one of its Falcon ...

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US banks told to check security before hackers strike

U.S. regulators have put the country’s banks on notice, warning them to secure vulnerable computer systems before hackers are able to strike. A group of U.S. regulatory agencies have directed banks to quickly shore up authorization practices and fraud detection in order to guard against hacks through their messaging and payment networks. The warning from the Federal Financial Institutions Examination Council comes after hackers known as the “Lazarus Group” pulled off at least four high-profile digital bank heists, stealing more than $ 100 million — and so far, getting away ...

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