Morgan Stanley’s Shalett Warns of ‘Head Fake’ in Inflation Data

Breadcrumb Trail Links PMN Business The chief investment officer of Morgan Stanley Wealth Management has a warning for investors who are chasing the latest rally in stocks: Don’t get too excited about a potential peak in inflation after the consumer-price index cooled off a bit in July. Author of the article: Bloomberg News Vildana Hajric … Read more

Data story: India adds 15,815 new Covid cases, 68 deaths in 24 hours

India on August 13 reported a decrease of 4271 in active coronavirus cases to take its count to 119,264. The country is twentieth among the most affected countries globally by active cases. On August 13, it added 15,815 cases to take its total caseload to 44,239,372. And, with 68 new fatalities, including 24 more reconciled … Read more

Data ‘Surveillance’ Crackdown Begins With FTC Privacy Pitch

New You can now listen to Insurance Journal articles! The Federal Trade Commission is seeking public feedback on a proposed rulemaking to limit what it’s dubbed “commercial surveillance” by businesses that sell or share information collected about people, with potential new powers to levy fines for data protection violations. The anticipated rules, kickstarted with a … Read more

CFPB to crack down on financial firms’ protection of consumer data

Financial companies that don’t protect consumer data may violate federal consumer protection law, a federal agency said.  The Consumer Financial Protection Bureau issued a circular that outlines financial firms’ responsibilities to guard consumer data, saying that failure to do so could be a violation of the Consumer Financial Protection Act. The move is part of … Read more

Hacker offers to sell data of Shanghai COVID app users

(Reuters) — A hacker claims to have obtained the personal information of 48.5 million users of a COVID-19 health mobile app run by the city of Shanghai, the second claim of a breach of the Chinese financial hub’s data in just over a month. The hacker with the username “XJP” posted an offer to sell the data … Read more

Data story: India adds 16,561 new Covid cases, death toll at 526,928

India on August 12 reported a decrease of 1541 in active coronavirus cases to take its count to 123,535. The country is twenty-fourth among the most affected countries globally by active cases. On August 12, it added 16,561 cases to take its total caseload to 43,129,563. And, with 49 new fatalities, including 10 more reconciled … Read more

Market Surge After US Inflation Data Has Skeptics Warning It’s Overdone

(Bloomberg) — The cooler-than-expected US inflation reading for July is a positive sign that has buoyed risk assets, but some investors may be getting a little ahead of themselves, according to analysts. Most Read from Bloomberg The rally that sent the S&P 500 to a three-month high and the Nasdaq 100 more than 20% above … Read more

Stocks climb, dollar falls after inflation data

Breadcrumb Trail Links PMN Business Author of the article: Article content NEW YORK — Wall Street equities rallied and the dollar tumbled after signs of sharply decelerating U.S. inflation prompted bets that the Federal Reserve would raise interest rates at a slower pace than previously expected. While Treasury yields since regained some ground, they had … Read more

HRS Adds GeoSure Data to Procurement Service

HRS has integrated data from safety and security assessment provider GeoSure into its lodging and meetings procurement service, the company announced. With the integration, HRS procurement technology users now can see security scores generated by GeoSure’s technology alongside other elements, including price, satisfaction scores and sustainability, HRS said. GeoSure’s platform uses national, regional and local … Read more