Facebook's Chief Executive Mark Zuckerberg said his company made mistakes in mishandling data belonging to 50 million of its users and promised tougher steps to restrict developers access to data.
Business & Financial News, U.S & International Breaking News
Fed lifts rates, signals tougher stance as economy strengthens
The U.S. Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, highlighting its growing confidence that tax cuts and government spending will boost the economy and inflation and spur more aggressive future tightening.
Cryptocurrency issuers clean up, shun U.S. investors as SEC gets tough
Tech start-ups that issue digital tokens to raise funds are falling in line with U.S. securities laws or seeking legal ways to skirt them after the Securities and Exchange Commission (SEC) said it planned to regulate the market.
Trump set for China tariff announcement on Thursday, trade war fears grow
President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of U.S. technology that is likely to trigger retaliation from Beijing and stoke fears of a global trade war.
House panel passes bill handing Federal Reserve control over 'Volcker Rule'
A committee in the U.S. House of Representatives voted Wednesday to name the Federal Reserve as the primary regulator for the "Volcker Rule," which bars banks from speculative trading.
Trump supports massive U.S. funding bill as shutdown looms
President Donald Trump, in talks with congressional leaders on Wednesday, backed a $1.3 trillion spending bill meant to avert a U.S. government shutdown, even though it is expected to exclude some of his specific immigration-related funding requests.
'Four'easter' storm pounds U.S. East, states declare emergencies
The U.S. East's fourth major snowstorm this month swept through the region with heavy snow and high winds on Wednesday, snarling flights and commuter travel, closing schools and triggering emergency declarations in New York City and New Jersey.
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