Yahoo says one billion accounts exposed in newly discovered security breach

Yahoo Inc warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history. The number of affected accounts was double the number implicated in a 2014 breach that the internet company disclosed in September and blamed on hackers working on behalf of a government. News of that attack, which affected at least 500 million accounts, prompted Verizon Communication Inc to say in October that it might withdraw from an agreement to buy Yahoo's core internet business for $4.83 billion.

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Yahoo says one billion accounts exposed in newly discovered security breach

Wall Street’s gains fade as Yellen questions economy’s resilience

(Reuters) – U.S. stocks ended little changed on Friday, losing ground late after Federal Reserve Chair Janet Yellen's comments on the economy unnerved investors.

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Wall Street’s gains fade as Yellen questions economy’s resilience

Yellen says Fed rate hike likely appropriate in coming months

The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. “It's appropriate … for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate,” Yellen said during an appearance at Harvard University. Although Yellen expressed caution about too steep a rise in U.S. rates, she sounded more confident than she has in the past that the U.S.

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Yellen says Fed rate hike likely appropriate in coming months

Yellen, alongside Fed alum, says rate hikes on track

The U.S. economy is on a solid course with some hints of inflation so the Federal Reserve is on track for further interest rate hikes, Federal Reserve Chair Janet Yellen said on Thursday in a defense of her decision to tighten policy late last year. In a rare spectacle, Yellen spoke on a New York panel alongside her three predecessors who ran the world's most powerful central bank. “So yes, there is accommodation in the monetary policy that we have.

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Yellen, alongside Fed alum, says rate hikes on track

Yellen faces tough sell on Fed rate hikes in Congress

By Jonathan Spicer and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. Yellen, who is certain to be grilled by lawmakers on whether the economy really is ready for higher rates, will point to continued strong jobs growth even as financial markets have all but priced out any rate hikes this year and as signs of stress in the global financial system have re-emerged amid volatile markets. The Fed Chair also is likely to find herself in heated exchanges with lawmakers over the bank's perceived secrecy, with presidential candidates from both sides of the aisle now taking regular shots at the Fed on the campaign trail.

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Yellen faces tough sell on Fed rate hikes in Congress

Wall Street veterans say rate-hike past is not prologue for markets

By Trevor Hunnicutt NEW YORK (Reuters) – It has only been six years since the U.S. stock market rout brought on by the financial crisis, but as far as Deena Katz's clients are concerned, that might as well be ancient history. “People have a thirty-second memory,” said Katz, 65, co-chairman at Evensky & Katz/Foldes Financial Wealth Management. “We're used to an instant turnaround.” That is particularly true when compared to investors who lived through longer periods of economic disaster, like the stagnant economy and rampant inflation of the 1970s or the Great Depression in the 1930s.

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Wall Street veterans say rate-hike past is not prologue for markets