What you need to know on Wall Street right now
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The personal details of up to 143 million US consumers were potentially accessed by hackers between mid-May and July, according to credit reporting agency Equifax. Here's what you need to know:
- Equifax is plunging
- People are furious about the site Equifax set up to let you know whether your personal details were hacked
- Here's what to do if your identity is at risk
- Equifax says three top execs "had no knowledge" of a massive security breach when they sold nearly $2 million in shares after the hack was discovered
- New York's attorney general is investigating Equifax
- OPINION: Literally everyone should be thinking about suing Equifax
In Wall Street news, Goldman Sachs' global head of commodities is leaving. And the US investment bank asked its interns about their spending habits, social-media apps, and dreams - here are their answers.
JPMorgan is starting a new investment banking squad to help retailers facing the Amazon threat. And JPMorgan CEO Jamie Dimon is starting to look like corporate America's "shadow president."
Here's a definitive guide to the state of Wall Street, business by business. Private equity is trying to poach young bankers mere weeks into their jobs. And America's newest stock exchange is gunning for NYSE and Nasdaq's marquee business.
The House of Representatives passed a package on Friday to provide relief for Hurricane Harvey, suspend the debt ceiling, and fund the government for three months. Here's the latest:
- Trump's shock debt ceiling deal with Democrats could affect Fed policy in unexpected ways
- Trump has a "gentleman's agreement" with Chuck Schumer to get rid of the debt ceiling permanently
- "Republicans, sorry": Trump lashes out at GOP on Obamacare, tax overhaul days after cutting deal with Democrats
- The dollar is getting whacked
And here's the latest on Hurricane Irma:
- Hurricane Irma is heading to Florida as a Category 4 storm - here's everything you need to know
- There is crazy flight traffic over Florida as airlines hurry to get people out before Hurricane Irma arrives
- FEMA's disaster relief fund is set to run out of cash just as Hurricane Irma comes barreling toward the US
- Delta is sending its Boeing 747 jumbo jet to help people escape Hurricane Irma
- Hurricane Irma could shut down Disney World and cost the company millions
In other news, Kraft Heinz, the $100 billion packaged foods maker known for its condiment line, has promoted 29-year-old Princeton grad David Knopf to CFO. And Kroger's got whacked after reporting a fall in quarterly profit.
The FBI is investigating whether Uber used secret software called "Hell" to track Lyft drivers.
Lastly, here are 16 hot cars we can't wait to see at the Frankfurt Motor Show.