8 July, 2015 by The TZ Newswire Staff Comments Off on David Weidner’s Writing on the Wall: Why the NYSE trading halt should alarm investors
David Weidner’s Writing on the Wall: Why the NYSE trading halt should alarm investors
It brings up the question: What would a cyber attack look like?
8 July, 2015 by The TZ Newswire Staff Comments Off on The New American Dream: No Jobs For The Young, No Retirement For The Old
The New American Dream: No Jobs For The Young, No Retirement For The Old
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
We shouldn’t wonder why people are working into their 70s–we should wonder why anyone retires, assuming they’ll still be receiving their full pension in five years.
8 July, 2015 by The TZ Newswire Staff Comments Off on NYSE halts trading due to ‘technical’ issue
NYSE halts trading due to ‘technical’ issue
Trading was halted across all symbols on the New York Stock Exchange Wednesday as a result of a technical hiccup.
8 July, 2015 by The TZ Newswire Staff Comments Off on FBI chief warns encryption makes Islamic State attacks more likely
FBI chief warns encryption makes Islamic State attacks more likely
Preventing law enforcement authorities from having access to encrypted communications would make it easier for sympathizers of Islamic State militants to carry out an attack in the United States, FBI Chief James Comey said on Wednesday. The Federal Bureau of Investigation is pushing technology companies to let law enforcement authorities have access to encrypted communications to investigate illegal activities. Comey told a U.S. Senate Judiciary Committee hearing that Islamic State, also known by the acronym ISIL, is imploring supporters through Twitter to carry out attacks.
8 July, 2015 by The TZ Newswire Staff Comments Off on IRS scam leader gets over 14 years in prison
IRS scam leader gets over 14 years in prison
The leader of a group that duped American taxpayers into sending it millions of dollars has been sentenced to more than 14 years in prison. Sahil Patel was sentenced Wednesday in Manhattan for wire fraud …
8 July, 2015 by The TZ Newswire Staff Comments Off on Major shareholders of Chinese companies pledge not to sell shares during market slump
Major shareholders of Chinese companies pledge not to sell shares during market slump
Major shareholders of top Chinese banks including ICBC, and companies including Sinopec, have pledged to either maintain their holdings or increase their stakes in the listed firms to try and support China’s …
8 July, 2015 by The TZ Newswire Staff Comments Off on Wall St. lower as NYSE trading stays suspended
Wall St. lower as NYSE trading stays suspended
The halt started just after 11:30 a.m. ET, after which U.S. stocks slightly extended their losses, but in low volumes, with the S&P 500 hitting a session low and the Dow Jones Industrial Average and Nasdaq both falling more than 1 percent. “The issue we are experiencing is an internal technical issue and is not the result of a cyber breach,” the NYSE said in a tweet. There’s no sign of panic at all,” Mark Otto of market maker J. Streicher & Co in New York said from the NYSE floor.