Google is under investigation in Australia following claims that it collects data from millions of Android smartphones users, who unwittingly pay their telecom service providers for gigabytes consumed during the harvesting, regulators said on Tuesday. Responding to the latest privacy concerns surrounding Google, a spokesman for the U.S. based search engine operator said the company
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Australia’s central bank saw little reason to lift rates this month as inflation remained below target and likely to remain subdued in the face of sluggish wage growth, minutes of its May policy meeting showed. The Reserve Bank of Australia’s (RBA) Board agreed there was not a “strong case” for a near-term adjustment in monetary
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State legislators across the nation are racing to authorize sports gambling after the U.S. Supreme Court on Monday ruled states can legalize the practice. But where can you bet on sports now? Betting on sports remains exclusive to Nevada, for the moment. With New Jersey at the center of the Supreme Court’s ruling, gambling hubs
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The nation’s largest banks — and public companies, for that matter — are preparing for a timeout from the courtroom following years of being pummeled by shareholder and investor lawsuits in the wake of the Great Recession. At the end of 2017, the country’s largest banks collectively decreased their estimates for future legal costs to
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The digital currency conferences this week in New York City present an attractive trading opportunity in AMD, according to J.P. Morgan. “Over the last three years, AMD has staged significant rallies following the blockchain technology summit, Consensus,” J.P. Morgan equity derivatives strategist Shawn Quigg wrote in a note to clients Monday. “We like the reward-risk
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A woman makes about 80 cents for every dollar a man does nationwide, but that shortfall can vary widely depending on where you live. A new report by GOBankingRates determined pay gaps between men and women across each state by analyzing data from the Census Bureau’s 2016 American Community Survey. The study compared overall pay
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“Active bond fund managers have been able to increase their returns [over indexes], by adding credit risk to their portfolios, especially over the last five years,” said Alex Bryan, director of passive strategies research at research firm Morningstar. “Anytime volatility picks up, you’ll see more flows into Treasurys, and active managers taking on more risk
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In the aftermath of Malaysia’s stunning election result, one of the country’s most respected business figures has admitted to “buckling” to pressure from the previous government. AirAsia CEO Tony Fernandes, who enjoys near-rockstar status in the Southeast Asian nation, apologized on Sunday for a flashy, apparent endorsement of then-leader Najib Razak in the run- up
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One, his plan for a complete federal structure of the monetary and fiscal union is meant to guarantee the strength and the finality of the European project and its legal tender. Two, such a structure would be impossible to deconstruct by nationalists, populists and similar constituencies blaming all sorts of socio-economic problems on the EU’s
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The federal tax overhaul cut taxes for millions of American families and businesses. But the law also had an unintended effect: raising the state-tax bite in nearly every state that has an income tax. Now, governors and state legislators are contending with how to adjust their own tax codes to shield their residents from paying
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