The top U.S. intelligence official on Tuesday said he was skeptical that a new cyber U.S.-China cyber agreement would slow a growing torrent of cyber attacks on U.S. computer networks, and said his approach will be to "trust but verify."
Crude oil prices edged up on Friday boosted by stronger than expected U.S. economic data though the longer-term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia.
Hackers who stole security clearance data on millions of Defense Department and other U.S. government employees got away with about 5.6 million fingerprint records, some 4.5 million more than initially reported, the government said on Wednesday.
With the markets in whiplash mode, Joe McAlinden, founder of McAlinden Research Partners and former chief global strategist with Morgan Stanley Investment Management, believes volatility is going to stick around for a while, and we might see a correction double of what we've had so far.
The Federal Reserve has just announced that its target for the federal funds rate will be kept at 0%. It has now been at 0% since Dec. 16, 2008. I stated as far back as 2010 (and often since) that the Federal Reserve can never allow interest rates to rise again due to the massive amount of debt that this system has created. Most people called me crazy.