WASHINGTON (AP) – Surging interest rates are intensifying the challenges for the U.S. The collective impact of higher rates across the economy could also weaken the government´s own finances. The costs of mortgages, auto loans and credit card debt have all risen in response. The jump in longer-term rates coincides with other threats, from higher gas prices and this week´s resumption of student loan payments to autoworkers´ ongoing strike and the risk of a government shutdown next month.
Since mid-summer, the yield on the 10-year Treasury note has steadily climbed, causing a spillover rise in other borrowing costs. economy and threatening to derail the Federal Reserve´s drive to tame inflation without causing a deep recession. The Las Vegas-based company´s CEO Bill Hornbuckle says no customer bank account numbers or payment card information was compromised in the incident. But hackers stole other personal information – including names, driver´s license numbers and social security numbers belonging to some customers who did business with MGM prior to March 2019.
The maker of bleach and other household products says the attack has caused large-scale disruption of operations – and predicts a significant fall in sales for the first quarter of 2024. NEW YORK (AP) – The data breach that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million. Beyond the casino world, Clorox also disclosed a cyberattack recently. The Dow Jones Industrial Average rose 288.01 points, or 0.9%, to 33,407.58.
The S&P 500 rose 50.31 points, or 1.2%, to 4,308.50. The Nasdaq composite rose 211.51 points, or 1.6%, to 13,431.34 The Russell 2000 index of smaller companies rose 14.05 points, or 0.8% to 1,745.56. NEW YORK (AP) – Wall Street rallied in a whipsaw Friday and erased its morning losses after looking deeper into the nuances of a surprisingly strong report on the U.S. The S&P 500 rose 1.2% after erasing an earlier drop of 0.9%. Stocks initially tumbled after the strong jobs report raised worries about upward pressure on inflation and the Federal Reserve keeping interest rates high.
But Treasury yields pared their gains as the report also included some more encouraging nuggets for the Fed´s inflation fighters. The Dow added 288 points, and the Nasdaq composite flipped to a gain of 1.6%. Eventually, the losses at the hedge fund, Alameda Research, became so large that there was no way to hide them any longer, Wang said in his second day of testimony. NEW YORK (AP) – Sam Bankman-Fried authorized the illegal use of FTX customers´ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange´s earliest days, FTX´s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S.
At least 25 million vehicles containing ARC-made air bags could be affected. government appears poised to order a recall of millions of air bag inflators due to a manufacturing flaw that could send metal shrapnel rocketing through a car interior. WASHINGTON (AP) – The U.S. ARC has refused to issue a full-scale recall, setting the stage for the possible court fight. Thursday´s hearing was one of the final steps before the agency can issue a formal recall order and take the case to court for enforcement If you beloved this short article and you would like to acquire a lot more information pertaining to canadian online casino kindly check out our own web-site. .
