Participant Data Breach Hits Retirement Clearinghouse
The clearinghouse alerted more than 10,000 people that private information, including IRA account data, may have been stolen.
Fed Tracks Market Sentiment With New Index Built from 4.4 Million Tweets
The Twitter Financial Sentiment Index uses natural language processing on the social platform and can help estimate next-day stock-market returns.
World’s Richest Man Loses $11 Billion After LVMH Stock Rout
(Bloomberg) Bernard Arnault, the world’s richest person, had $11.2 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for luxury goods.
The founder of LVMH — whose offerings include Louis Vuitton handbags, Moet & Chandon Champagne and Christian Dior gowns — had seen his wealth balloon for most of 2023 as share prices of European luxury companies surged.
As X-Date Nears, Credit Ratings Firms Hold Steady on US Debt Grade
US government’s bond rating rests on centuries-long record of always paying its debts. Right it also hangs on faith in modern political brinkmanship.
Fed Rate Path Hinges on Trade-Off Between Stable Banks or Prices
Fed policymakers increasingly grappling with a critical question: How much should they weigh the adverse impact of their interest-rate hikes on banks.