China-linked security breach targeted U.S. wiretap systems, WSJ reports
Economy

China-linked security breach targeted U.S. wiretap systems, WSJ reports

People observe the scenery near Chinese national flags displayed for National Day celebrations on October 3, 2024 in Chongqing, China. National Day Golden Week is a holiday in China commemorates the founding of the People’s Republic of China in 1949. Cheng Xin | Getty Images U.S. broadband providers had their networks breached in a cyberattack […]

Fed rate cuts should favor preferred stocks, Virtus money manager says
Economy

Fed rate cuts should favor preferred stocks, Virtus money manager says

One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren’t as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF (PFFA) . He leads the company’s investing and business development. “High yield bonds and preferred […]

Pearson reiterates outlook after strong demand boosts profit
Business

Pearson reiterates outlook after strong demand boosts profit

LONDON, July 31 (Reuters) – Global education group Pearson said it was on course to hit annual and mid-term targets after demand for English language learning, exams and qualifications helped it to beat market expectations with 44% growth in profit in its first half.The British group on Monday posted adjusted operating profit of 250 million… […]

Lamborghini could hit 10,000 sales this year, CEO says
Business

Lamborghini could hit 10,000 sales this year, CEO says

Revenues up 6.7% in H1 to 1.42 bln eurosOperating income up 7.2% in H1 to 456 mln eurosShipped 5,341 cars globally in H1, 1,625 in the U.S.EMEA largest region with 2,285 cars shipped in H1MILAN, July 31 (Reuters) – Lamborghini could sell 10,000 cars this year for the first time, its CEO said, as the… […]

Insight: Promising new Alzheimer’s drugs may benefit whites more than Blacks
Business

Insight: Promising new Alzheimer’s drugs may benefit whites more than Blacks

NEW YORK, July 31 (Reuters) – Groundbreaking treatments for Alzheimer’s disease that work by removing a toxic protein called beta amyloid from the brain may benefit whites more than Black Americans, whose disease may be driven by other factors, leading Alzheimer’s experts told Reuters.The two drugs – Leqembi, from partner biotech firms Eisai (4523.T) and… […]