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Colonial Pipeline paid hackers nearly $5M in cryptocurrency hours after cyberattack: report

May 13, 2021

Category: News

Colonial Pipeline paid almost $5 million in ransom to the European hackers behind last weekend’s cyberattack on the company’s network, which led to a six-day shutdown and gas shortages along the East Coast, two people familiar with the payment told […]


PayPal Praised by Analysts After Stronger-Than-Expected Earnings

May 6, 2021

PayPal (PYPL) – Get Report shares wavered on Thursday after analysts reacted positively to the financial-services titan’s stronger-than-expected earnings for the first quarter. The San Jose, Calif., company reported what it said was the strongest first quarter in its 23-year […]


Fed holds key interest rate near zero, vows to maintain it until inflation tops 2% ‘for some time’ despite vibrant economy

April 28, 2021

WASHINGTON – The Federal Reserve is keeping its ultra-low interest rate policies in place, a sign that it wants to see more evidence of a strengthening economic recovery before it would consider easing its support. In a statement Wednesday, the […]


Finance Tech, Trading

Asian stocks mixed after Wall St falls on inflation fears

May 12, 2021

Via: ABC News

Asian stock markets retreated Wednesday as investors looked ahead to U.S. data they worry will show inflation is picking up. Shanghai, Tokyo and Southeast Asian markets declined. Hong Kong advanced. Overnight, Wall Street’s benchmark S&P 500 index lost 0.9% amid […]


Education, Industries

Ed Dept issues $36B in federal coronavirus relief aid to colleges

May 11, 2021

Via: Education Dive

President Joe Biden signed the $1.9 trillion American Rescue Plan into law in March. It provides about $40 billion in direct aid to colleges and universities. Institutions must use half of that money on emergency grants for students disadvantaged by […]


News

Stocks making the biggest moves midday: Intel, Marriott, Box & more

May 10, 2021

Via: CNBC

Marriott — The hotel stock fell more than 3% after the company reported a revenue miss. Marriott did beat earnings estimates, however, with an adjusted 10 cents per share for the first quarter, 3 cents above Refinitiv consensus estimate. US […]