Author: Money Mechanics

March 27 (Reuters) – Lloyds Banking Group exposed the personal data of up to 447,936 ‌customers during an IT glitch earlier ‌this month that allowed users to see other customers’ ​transactions, including account details and national insurance numbers, Britain’s Treasury Committee said on Friday. The incident highlights the vulnerability of Britain’s digital banking infrastructure, ‌such as apps ⁠and websites, as lenders slash physical branch networks to cut costs and ⁠shift customers online. * The bank has paid 139,000 pounds in compensation to 3,625customers for distress ​and inconvenience, ​though no customershave ​suffered financial loss so ‌far, according to a letter fromLloyds…

It may come as a surprise amid the noise, negativity, and volatility in today’s new-home market that Florida remains one of the most dynamic homebuilding markets in the country. The housing landscape in the nation’s third-most-populous state shares a vertiginous, bumpy near-term outlook with other Sun Belt markets. The region has been challenging for homebuilders. Following the cues of mortgage-rate gyrations and consumer preferences in the wake of the COVID pandemic, they overbuilt speculative – ready-to-own – inventory. As a result, they now need to drop prices and tap their toolbox of concessions and incentives to move that existing inventory,…

For the better part of a decade, Whoop sold itself as a secret weapon for serious athletes. LeBron James was convinced to slap on the company’s fitness band in Whoop’s first year. Michael Phelps came soon after. Other Whoop wearers include Cristiano Ronaldo, Patrick Mahomes, and Rory McIlroy. The message to the public? The world’s best performers track their bodies with this device, and you can, too. It has worked. Whoop, the Boston-based health wearable company that Will Ahmed founded in his senior year at Harvard, now operates in more than 200 countries, and, according to Ahmed, grew revenue more…

(Oil Price) – The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running low on supply, pushing some traders to forgo cargo and ship additional fuel volumes to key bunkering ports outside the Middle East. The price of fuel oil has surged this month as the stalled tanker traffic at the Strait of Hormuz is tightening supplies of the fuel in Asia, the key bunkering hub for fuel oil used in ships. The Middle East is a major global supplier of fuel oil, especially of high-sulfur fuel oil (HSFO). But the Iran war…

Extratropical windstorm Nils, also known as Ulrike, battered the Nouvelle-Aquitaine and Occitanie regions in southwest France in mid-February, causing insurance industry losses of €586 million, according to an initial estimate from catastrophe data aggregator, PERILS.Between February 11th and 13th, windstorm Nils brought damaging winds and intense rainfall, which impacted already saturated grounds after the wettest start to the year since systematic measurements began all the way back in 1959. The result was flooding in the Garonne, Dordogne, and Charente river basins, while Nils also produced exceptional avalanche risk in the Alps. PERILS highlights the significant impact Nils had on physical…

(Image credit: Getty Images)Stocks closed sharply lower again Friday as higher oil prices lifted inflation expectations – and chances of a rate hike by year’s end. By the time the dust settled, the three main indexes had logged a fifth straight weekly loss – and the blue-chip Dow Jones Industrial Average had joined the tech-heavy Nasdaq Composite in correction territory.At the close, the Dow was down 1.7% at 45,166 and the S&P 500 was off 1.7% at 6,368, with both indexes logging their longest weekly losing streaks since May 2022. The tech-heavy Nasdaq Composite, which fell into correction territory on…

As interest rates continue to drop, getting the most out of your savings is key. And if you’re trying to grow your savings this year, it’s important to choose an account that won’t lose value to inflation. A high-yield savings account (HYSA) continues to be one of the best places to keep your cash protected against market volatility while earning a competitive interest rate on your balance. Even though rates are falling, the best high-yield savings accounts still earn upwards of 4% APY. So, how much interest could you earn this year with an HYSA? Here’s a look at your…

Thank you, Donald, for the kind introduction.1 I am honored to be here in Dallas. I very much enjoyed my time today meeting with community members and hearing from the hardworking staff at the Dallas Fed. And I appreciate this opportunity to speak with all of you this evening. Tonight, I would like to share with you my updated economic outlook and then discuss the possible implications of that outlook for the path of monetary policy. It is an opportune time for that discussion, just a week after our last Federal Open Market Committee meeting. Then, I will expand on…

Follow ZDNET: Add us as a preferred source on GoogleSpring is here, and Amazon’s Big Spring Sale is officially live right now. We’re seeing discounts of over 60% off across dozens of categories, including outdoor, home, beauty, tech, and more, and competing discounts from other retailers like Walmart, Best Buy, Target, and Costco. ZDNET reviews the best gear year-round, and we’re here to help you cut through the noise and quickly find the best deals during the spring sale period. Also: The most popular Amazon Spring Sale deals, according to thousands of readersAs ZDNET’s deals and shopping editor, I am always scouring the web for the…

(BOE Report) – Vicki Hollub is preparing to retire as chief executive of Occidental Petroleum, after her decade-long stewardship of the U.S. oil and gas company that made her one of the most powerful women in a male-dominated industry, sources familiar with the matter told Reuters. Hollub, 66, plans to make a formal announcement later this year, according to four people with knowledge of the matter. Richard Jackson, who was elevated to chief operating officer in October, is primed to become CEO upon Hollub’s departure, three of the people added. Her exit would mark an end to more than four…