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Hackers Spying on Android Phones in Real Time, Targeting 500+ Bank, Crypto and Payment Apps To Steal Sensitive Data: Cybersecurity Firm

Cs news8 hours ago04 mins

A new version of a notorious banking malware is hitting Android phones, allowing hackers to steal login details and control banking apps in real time, according to researchers. The cybersecurity firm Zimperium says the malware employs a novel virtualization technique that allows legitimate banking apps and other applications on a victim’s device to be hijacked. “Instead…

Stock Market Outlook: 10 Possible Winners Goldman Sees After Wild First Half

Cs news1 week ago1 week ago04 mins

It’s been a volatile year for stock traders, but there are a handful of new winners in the S&P 500 that could be poised for big gains over the next 12 months, according to Goldman Sachs. In a note to clients on Friday, the bank said it updated its Sharpe Ratio basket, a list of…

Bank of England expected to keep interest rates at 4.25%

Cs news1 week ago1 week ago013 mins

President Trump is likely to have “already taken the decision to hit” Iran’s Fordo nuclear facility, according to Sir Niall Ferguson, the Milbank family senior fellow at the Hoover Institution, Stanford University, and a senior faculty fellow of the Belfer Center for Science and International Affairs at Harvard.Ferguson told The Times CEO Summit: “My Israeli…

China, Hong Kong stocks fall as initial Sino-US trade optimism wanes

Cs news2 weeks ago04 mins

Stocks in China and Hong Kong traded lower on Thursday, led by declines in the tech sector, as markets struggled to sustain the positive momentum from the Sino-U.S. trade talks that lacked concrete details. China’s blue-chip CSI 300 Index closed about 0.1% lower after wavering through the day, slipping from the three-week high touched on…

The S&P 500’s 25-Year Golden Age of High Valuations Is Over: BofA

Cs news2 months ago2 months ago05 mins

The days of high US stock valuations are over, says Bank of America’s Chief Investment Strategist Michael Hartnett. Since 2020, investors have been willing to pay a premium relative to S&P 500 company earnings. So-called price-to-earnings ratios have been elevated thanks to mammoth stimulus efforts amid the pandemic and excitement around artificial intelligence developments. The…

What institutions, government buildings are closed on Good Friday

Cs news2 months ago2 months ago04 mins

Good Friday, a religious day of observance for Catholics and Christians, is not a federal holiday but some business operations are closed for the day. Good Friday comes ahead of Easter celebrations and is one of five Christian celebrations that commemorate the crucifixion and resurrection of Jesus Christ on Easter Sunday. Although it’s observed by…

House of Representatives kills CFPB oversight of Big Tech payment apps

Cs news3 months ago04 mins

The US House of Representatives has followed the Senate in voting to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants such as Apple, Google and X, that offer digital payment apps and wallets. Editorial This content has been selected, created and edited by the Finextra editorial team…

Watch Warning Signs for Peak in Stock Market's Long-Term Bull Rally: NDR

Stock Market Outlook: 5% Drop Coming As Tariffs Hit Economy, GS Says

Cs news3 months ago05 mins

The outlook for the stock market is becoming increasingly uncertain, thanks largely to the potential impact of an escalating global trade war. Strategists at Goldman Sachs on Sunday night slashed their forecast for the S&P 500 for the second time this year, lowering targets for the benchmark index’s return to -5% in the coming three months and…

Stock Market Outlook: Recession Could Spark Another 12% Correction in S&P 500

Cs news3 months ago3 months ago04 mins

Investors who think a recession is in the cards this year should brace for a double-digit correction to rattle the stock market, according to Bank of America. Strategists at the bank said they see the S&P 500 potentially dropping to as low as 5,000 in the event unemployment rises and the economy tips into a downturn….

US Stock-Market Exceptionalism Is Back As Magnificent 7 Recovers: MS

Cs news3 months ago06 mins

Things could be turning around for the mega-cap Magnificent Seven stocks, and a reversal of their recent downtrend bodes well for US stocks as a whole. The group of high-flying tech names — Meta, Microsoft, Nvidia, Apple, Alphabet, Amazon, and Tesla — has had a brutal start to the year, with Meta the only member…