finance

July 31, 2019

Seattle-based engineer Paige Thompson was arrested Monday for allegedly hacking into Capital One’s databases and gaining access to approximately 140,000 Social Security numbers and 80,000 bank account numbers. Capital One disclosed the massive breach in a press release Monday afternoon, noting that about 100 million people in the U.S. and 6 million people in Canada were affected in total. It’s one of the largest breaches of a major financial service.

July 16, 2019

Treasury Secretary Steven Mnuchin on Monday said the U.S. has "very serious concerns" about Facebook's plans to launch a new cryptocurrency, adding multiple agencies are worried the new currency could be used to finance terrorism or aid money-laundering schemes.

June 05, 2019

In an analysis of 702 occupations, researchers from Oxford University came to a distressing conclusion. A full 47 percent of all occupations in the US are likely to become automated, and that's only over the next few decades.

June 04, 2019

The dollar’s baby sibling, the all-but-worthless cent, is logically represented by a lowercase ‘c’ with a line through it, but there’s no ‘D’ in the dollar sign. If you had to find letters lurking in its form, you might spy an ‘S’ overlain with a squeezed, bend-less ‘U’ providing its vertical strokes. In fact, this accounts for one of the most popular misconceptions about the sign’s origins: it stands for United States, right?

June 02, 2019

Millennials have a much lower net worth than previous generations, according to a new study. The average net worth of Americans between the ages of 18 to 35 is less than $8,000 -- about 34 percent lower than in 1996, a Deloitte study published Wednesday found. Despite clichés that millennials are “ruining everything from movies to marriage,” the study found millennials are actually under more economic pressure because of numerous increased costs over the last decade.

November 18, 2018

Prepare your calculators. The Internal Revenue Service has updated its tax brackets for 2019. This year marks the first under the new Tax Cuts and Jobs Act, an overhaul of the tax code that resulted in lower individual income tax rates, a doubled standard deduction and the elimination of personal exemptions. For the new year, the IRS has bumped up the individual income tax brackets, adjusting them for inflation.