Wharton’s Jeremy Siegel accuses the Fed of making one of the biggest policy mistakes in its 110-year history

““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”“ —Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime market … Read more

Here’s Bret Taylor’s first big technical move at Salesforce as co-CEO

Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022. Nathan Laine | Bloomberg | Getty Images Ten months after his promotion to co-CEO of Salesforce, serving alongside famed founder Marc Benioff, Bret Taylor is gearing up to take the stage at the annual Dreamforce conference for the … Read more

GTA IV game footage leaks, Take-Two shares slide

Strauss Zelnick, CEO, Take-Two Scott Mlyn | CNBC Take-Two Interactive shares fell more than 2% early Monday after the company suffered a network intrusion where a third party illegally accessed footage of the new Grand Theft Auto videogame. A user called “teapotuberhacker,” who is also claiming responsibility for the recent hack at the rideshare company … Read more

Uber investigates cybersecurity incident after reports of a hack

Uber on Thursday said it is investigating a cybersecurity incident following reports that the ride-hailing company had been hacked. “We are currently responding to a cybersecurity incident,” Uber said in a statement on Twitter. “We are in touch with law enforcement and will post additional updates here as they become available.” A hacker gained control … Read more

Twitter whistleblower testifies of serious security flaws to Senate

Peiter “Mudge” Zatko, former head of security at Twitter, testifies before the Senate Judiciary Committee on data security at Twitter, on Capitol Hill, September 13, 2022 in Washington, DC. Kevin Dietsch | Getty Images Twitter’s former security chief Peiter “Mudge” Zatko testified to a Senate panel on Tuesday that his former employer prioritized profits over … Read more

Dow down 1,000 points as losses accelerate, stocks face worst session since mid-June

The Dow slumped more than 1,000 points heading into the final hour of trading Tuesday as losses accelerated led by technology stocks while bond yields soared, leaving all three equity benchmarks on track for their worst session since at least mid-June following an unexpected uptick in August consumer-price inflation. What’s happening The Dow Jones Industrial … Read more

Twitter whistleblower Peiter “Mudge” Zatko testifies

[The stream started at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Twitter’s former security chief Peiter “Mudge” Zatko is testifying before the Senate Judiciary Committee on Tuesday starting at 10 am Eastern Time. Zatko filed a whistleblower complaint against Twitter over the summer, alleging … Read more

Rent the Runway, Oracle, Wolfspeed and more

Check out the companies making headlines before the bell: Rent the Runway — Shares dropped 22% after the fashion rental company said it’s laying off 24% of its corporate workforce. Additionally, Rent the Runway said it’s cutting $25 million to $27 million in fixed costs to deal with an uncertain macro backdrop. Oatly — The … Read more

Facebook login button disappearing from websites on privacy concerns

The Facebook logo is seen on an Apple iPhone. Jaap Arriens | NurPhoto | Getty Images Until about a month ago, shoppers on Dell’s website looking for a new laptop could log in using their Facebook credentials to avoid creating a new username and password. That option is now gone. Dell isn’t alone. Other big … Read more

Dow, S&P 500 score best day in a month and Nasdaq snaps 7-day losing streak despite flurry of hawkish Fed talk

US stocks finished sharply higher on Wednesday, with all three benchmarks posting their best day of gains in about a month, as investors assessed remarks by Federal Reserve Vice Chair Lael Brainard and other Fed officials, while digesting the central bank’s latest compilation of economic anecdotes. What happened The Dow Jones Industrial Average DJIA, +1.40% … Read more