Money

Fraud charges for Barclays; Pound slumps; Lockheed Martin deals

Click chart for more in-depth data. 1. Barclays fraud charges: British prosecutors filed criminal charges against Barclays(BCLYF) and four of its former executives Tuesday over investments from Qatar that helped save the bank during the financial crisis. The executives charged include former CEO John Varley. The bank’s stock was 0.4% lower in London. 2. Pound under pressure: The British pound slumped 0.5% against both the euro and the dollar after Bank of England governor Mark Carney said “now is not yet the time” to raise interest rates. The pound was ...

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Sharp-nosed Japanese jetliner could be game changer for U.S. flyers

Japan’s first commercial plane since 1962 Japan’s first commercial airliner in more than 50 years has arrived on the international stage. Mitsubishi Aircraft Corp. is showing off its new jet — known as the MRJ — at the Paris Air Show this week. The 92-passenger plane promises to reshape regional flying in the U.S. and upend a market long dominated by Canada’s Bombardier(BDRAF) and Embraer(ERJ) of Brazil. But the MRJ is less of a revolution than an evolution of a familiar package: two engines, two wings, and a slightly roomier ...

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Americans are saving (a little) more

Americans pocket extra gas money Americans are notoriously terrible savers. But the good news is, they’re getting better. The percentage of people who have adequate savings to cover six months of expenses — a six-month-stash — has jumped to 31%, according to a new study from Bankrate.com. That’s up from 28% last year and 22% in 2015. Not everyone is there yet: a quarter of Americans still have no savings at all. But that is down from 28% last year and the report shows positive signs that saving habits are ...

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Data of almost 200 million voters leaked online by GOP analytics firm

How to protect yourself from hackers Personal information of almost 200 million registered U.S. voters was accidentally exposed online due to an improperly configured security setting, security firm UpGuard revealed on Monday. The leaked information, compiled by Republican data firm Deep Root Analytics and two other Republican contractors, included names, birth dates, addresses, voter registration details and data information that included a cache of posts scraped from Reddit. UpGuard cyber risk analyst Chris Vickery discovered the open database of 198 million voters on June 12, and it was secured on ...

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Supreme Court decision is 'a constitutional coming out party' for social media

How are Supreme Court justices chosen? On Monday, the Supreme Court ruled that sex offenders can’t be broadly banned from using social media. The First Amendment ruling sets a precedent about denying access to social media sites and raises questions about their role as a public forum. The North Carolina law, established in 2008, made it illegal for registered sex offenders to use websites that minors also use. That included Facebook(FB, Tech30), Twitter(TWTR, Tech30) and many other popular sites. The Supreme Court’s ruling is a major milestone in the internet ...

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UPS will charge more for Christmas shipments

Your UPS driver may come with a drone Christmas is six months away, but UPS is already planning for it. The world’s largest shipping company announced Monday just how much it plans to hike prices during the holiday season. United Parcel Service(UPS) is instituting per-package surcharges for the holiday season to help cover the cost of hiring additional workers and renting extra planes and trucks. UPS typically sees its volume double from normal levels around Christmas. UPS typically negotiates higher rates with its major customers and raised rates for individuals. ...

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So long, Yahoo. Hello … Altaba?

Timeline: The rise and fall of Yahoo What on earth is Altaba? This odd-sounding moniker (AltabaVista? Jessica Altaba?) is the new name for what’s left of Yahoo. The core business of Yahoo is now owned by Verizon — and it is becoming part of a separate unit of the telecom giant called Oath, which also includes AOL. But Yahoo shares are still trading on Wall Street. Sorta. Yahoo sold its digital properties, like its fantasy sports, finance and news websites, as well as Yahoo Mail, Tumblr and Flickr, to Verizon(VZ, ...

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Here are the 18 tech CEOs going to the White House today

The White House is hosting 18 high-profile technology executives on Monday for the first meeting of the American Technology Council. The group is expected to talk about reforming the H-1B visa program, modernizing the government’s tech infrastructure and keeping its computers safe from cyber attacks. The council was created via executive order last month. Its goal: “coordinate the vision, strategy, and direction” and “advice to the president related to policy decisions” regarding the federal government’s use of information technology. Related: Trump creates tech council to ‘modernize’ government’s digital services Here’s ...

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The biggest names in tech head to the White House

Is President Trump ready to mend fences with Silicon Valley? The White House is hosting a summit Monday with top talent in technology. It’s the first meeting of the American Technology Council, which was created by an executive order Trump signed last month. The group will talk about reforming the H-1B visa program, which Trump has criticized and says is abused by tech firms that use it to import cheap labor. Also on the council’s agenda: modernizing the government’s technology infrastructure and keeping its computers safe from cyber attacks. Related: ...

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Obamacare in 2018: Many will pay the price of Washington's uncertainty

What’s the state of Obamacare right now? Newsflash: Obamacare will be around in 2018. But its health will vary widely by state — and even by county. Many insurers are asking for another round of steep rate increases. Others aren’t even willing to return to the exchanges at all. But some companies say the market is stabilizing, so they plan to stay in the game and charge only a little bit more next year. The Affordable Care Act was troubled even before President Trump took office, but the Republicans’ quest ...

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