Finance

Singapore-based financial technology company Six Capital Group responded Thursday to complaints from users who say they’re unable to cash out from the firm’s web-based strategy game. The game, called Tagg Switch, works similarly to how trading currencies works: Players purchase one of six types of so-called “Nodes” that represent a different currency — either the
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New York state is investigating the breach, and a number of states including Illinois, Pennsylvania and Connecticut have joined together to investigate. Illinois Attorney General Lisa Madigan said Monday some 5.4 million residents there had personal information compromised. Eric Schneiderman, New York’s attorney general, warned people to be vigilant about hacking and other online and
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For months, the text messages came. Some were flirtatious, asking her to meet him late at night. Sometimes, the texts were sexually explicit. The messages were directed at Laura Munoz, an executive assistant at the online lending start-up Social Finance. The texts were from her boss, Mike Cagney, the company’s chief executive, according to five
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Daniel Acker | Bloomberg | Getty Images Jason Trennert, chief investment strategist at Strategas Research Partners. Top Wall Street strategist Jason Trennert said that the equity market may be just the “vigilante” needed to discipline President Donald Trump and policymakers in Washington toward legislative reform. Trennert is the founder and a manager of Strategas Research
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Economic disruptions caused by a back-to-back pummeling from hurricanes in the United States may just seal the deal for the Federal Reserve to hold interest rates intact for the rest of this year, experts told CNBC on Monday. Hurricane Irma is still making its way up Florida’s coast, but Goldman Sachs and Bank of America-Merrill
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Unusual trading in Equifax options in mid-August suggests millions of dollars in profit were generated after Thursday’s disclosure of a massive data breach at the credit reporting company affecting 143 million consumers and their personal information. Shares of Equifax tumbled nearly 14 percent on Friday in the wake of the disclosure of the breach. Until
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Akzo Nobel issued a profit warning on Friday and announced a revamp that will include the chief financial officer stepping aside and a shake-up to its paints and industrial coatings businesses. The Dutch company, citing cost inflation and currency headwinds, said it would not achieve the 100 million euros ($121 million) in 2017 operating profit
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Shares in the property market, another set of old-economy companies, have also climbed, even though not all stocks in the sector have experienced the same boost. Share prices of property developer Vanke spiked 23.14 percent from Jun. 1 until Thursday, after mostly stagnating in the first four months of the year. Poly Real Estate has
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Andrew Harrer | Bloomberg | Getty Images Stanley Fischer, vice chairman of the U.S. Federal Reserve The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Vice Chairman Stanley Fischer announced his resignation. The dollar index hit an eight-day low of 92.005 and hovered around that level at 11:31 a.m. in
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Check out the companies making headlines after the bell: Shares of Semtech dove 11.5 percent after hours following a mixed earnings announcement. The company beat earnings estimates but fell short of revenue estimates. The chip maker expects third quarter revenue between $145 million and $153 million and earnings per share between 48 cents and 52
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The report, which surveyed about 4,000 people across China, India, Hong Kong, Singapore, Thailand, Philippines and Indonesia, also found that despite the preference for cash, awareness of newer methods of payments was high. Nearly half said they were familiar with digital wallets and 23 percent said they knew what contactless payments using credit or debit
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