Japan's central bank has cut its key interest rate to a range of 0% to 0.1%, effectively introducing a zero-interest-rate policy. The unanimous vote came Tuesday after a two-day meeting of the Bank of Japan's nine-member policy board.
The Federal Reserve Board on Tuesday cleared the way for China Investment Corp., the sovereign wealth fund of the Chinese government, to acquire up to 10% of the voting shares of Morgan Stanley.
In a highly anticipated demonstration at the Black Hat computer-security conference in Las Vegas, IOActive director Barnaby Jack hacked into two ATMs using two different techniques. He's found a flaw in every ATM he's looked at, he told an applauding audience.
Goldman Sachs earnings fell sharply in the second quarter, hurt by its $550 million settlement with the Securities and Exchange Commission and a U.K. payroll tax. But on an adjusted basis, the investment bank's profits easily topped expectations.
Shares of Puerto Rico's Banco Popular have fallen about 27% this year leading some to declare that it is among the least expensive big banks in America. Investing expert Hilary Kramer explains why the stock has upside potential.
