Hot inflation data pushes market’s rate cut expectations to September

[ad_1] Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City. Michael M. Santiago | Getty Images As recently as January, investors had high hopes that the Federal Reserve was about to embark on a rate-cutting campaign that would reverse some of the most aggressive policy tightening in decades. Three months of inflation data have brought those expectations back down to earth. March’s consumer price index report Wednesday helped verify worries that inflation is proving stickier than thought,…

AT&T is investigating a leak that put millions of customers' data on the dark web

[ad_1] A pedestrian passes an AT&T store in New York, U.S. Scott Mlyn | CNBC AT&T announced Saturday that it is investigating an incident two weeks ago that led to millions of customers’ data being published on the dark web, a portion of the Internet that can only be accessed using special software. The company has reset the passcodes of the 7.6 million current users who were impacted and said it is actively contacting those customers, along with the 65.4 million former account holders who also had their data compromised. “As of…