"It affects the core WPA2 protocol itself and is effective against devices running the Android, Linux, Apple, Windows, and OpenBSD operating systems, as well as MediaTek Linksys, and other types of devices. The site warned attackers can exploit it to decrypt a wealth of sensitive data that's normally encrypted by the nearly ubiquitous Wi-Fi encryption protocol."
"The two financial giants are now offering trades in derivatives that enable investors to bet on or against high-risk bank bonds that financial regulators can wipe out if a lender runs into trouble. Others are also planning to start making markets in the contracts, known as total-return swaps, in the coming weeks, according to Max Ruscher, the London-based director of credit indexes at IHS Markit Ltd., which administers the benchmarks that the swaps are linked to."
"Investors placed almost 11 billion euros of orders for Austria’s first century bond, which had a yield of 2.1 percent. That’s less than the current yield earned on Treasuries coming due in just 10 years. The 'quite peculiar' bond market reflects expectations of a subdued investor response to when the European Central Bank decides to rein in its super accommodative monetary policy, according to Kim Liu, senior fixed-income strategist at ABN Amro Group NV."
"Buyers of Lennar's homes could receive a payment of up to $13,000 toward their student loans, as much as 3% of the home's purchase price, from its subsidiary, Eagle Home Mortgage. The nation's collective student debt stands at an all-time high of $1.34 trillion, according to the Federal Reserve Bank of New York."
"Raghuram Rajan left the central bank last September after unnerving political leaders with his outspoken nature. Several months later, Modi blindsided the nation by scrapping 86 percent of currency in circulation, saying the move was essential to unearth unaccounted wealth and fight graft. Since then, speculation has raged over who thought up the policy, with the debate getting more divisive last week as a slew of data showed demonetization contributed to a growth slump without meeting its targets."
"Indians have deposited nearly all the currency bills voided by Prime Minister Narendra Modi, denting the central bank’s profit and dealing a blow to his drive to unearth unaccounted wealth. The cash ban prompted the central bank to print new currency, reducing its profit and cutting annual dividend payout to the government by half."
"Yahoo said a major security breach in 2013 compromised all three billion accounts the company maintained, a three-fold increase over the estimate it disclosed previously."
"It wasn’t always this way. We never used to get a giant, speculative bubble every 7–8 years. We really didn’t. In 2000, we had the dot-com bubble. In 2007, we had the housing bubble. In 2017, we have the everything bubble. I did not coin the term 'the everything bubble.' I do not know who did. Apologies (and much respect) to the person I stole it from. Why do we call it the everything bubble? Well, there is a bubble in a bunch of asset classes simultaneously. And the infographic below that my colleagues at Mauldin Economics created paints the picture best. I don’t usually predict downturns, but this time I bet my reputation that a downturn is coming. And soon."
"Currently, according to Ned Davis Research, stocks represent 40% of total household financial assets, much higher than the 28.2% average allocation since 1951. There’s been only one other occasion since 1951 in which stock allocation was higher than it is today — at the top of the late 1990s internet bubble, when it rose to 47.5%. Every other major stock market top of the last seven decades, in contrast, occurred when households’ equity allocation was lower than today’s level. At the 2007 stock market top, for example, the allocation peaked at 37.1%."
"In the U.S., margin debt is at more than three times the level recorded before the 2008 financial crisis began, and is even greater than its peak in 2000 before the dotcom crash, according to research released last week from the Bank for International Settlements (BIS), the Journal indicates."