SOPA Images/Getty Twitter stock plummeted 7% in pre-market trading on Thursday after it was hit with a massive blue-tick hack as many verified accounts reported being unable to tweet. The company said a "coordinated social engineering attack" had "successfully targeted" some employees who enabled access to hackers to its internal tools. High-profile users such as…
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Billionaire investors including George Soros and David Tepper won't have to reveal their stock portfolios every quarter if a new SEC proposal is implemented. The investment firms run by Soros, Tepper, John Paulson, Paul Tudor Jones, and David Einhorn would all be exempt from filing 13-F forms if the agency raises the disclosure threshold from…
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JPMorgan Chase reported second-quarter earnings Tuesday that beat Wall Street's revenue and profit forecasts, reflecting strong gains in its corporate and investment bank division. Investment-banking revenue surged 91%, fixed-income markets revenue roughly doubled, and equity-markets revenue rose 38%. "We are prepared for all eventualities as our fortress balance sheet allows us to remain a port…
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Warren Buffett may have bought back more than $5 billion in Berkshire Hathaway stock in recent weeks. The famed investor disclosed his Berkshire stake in a filing last week, suggesting the number of outstanding shares shrunk by about 1.2% between April 23 and July 7. "It implies relatively strong buyback activity," Edward Jones & Co…
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Japanese authorities say they are "shocked" after a significant coronavirus outbreak at two US Marine bases in the country.61 Marines have been infected with the virus in recent days, spread across two bases in Okinawa prefecture, home to about 26,000 US service personnel."We now have strong doubts that the US military has taken adequate disease…
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