Meta 员工又被 AI Agent“坑”了，这次事儿还不小。 近日，Meta 内部的一款 AI Agent 出现“失控”行为，向无访问权限的大批员工泄露了公司系统级的敏感数据。目前，Meta 已确认了这一事件的真实性。 权限失控两小时，事故等级靠“侥幸” 事情发生在上周，Meta 内部一款 AI Agent 擅自执行操作，引发了这起安全漏洞事件。 据外媒报道，一名 Meta 员工在内部论坛发帖求...
Meta 员工又被 AI Agent“坑”了，这次事儿还不小。 近日，Meta 内部的一款 AI Agent 出现“失控”行为，向无访问权限的大批员工泄露了公司系统级的敏感数据。目前，Meta 已确认了这一事件的真实性。 权限失控两小时，事故等级靠“侥幸” 事情发生在上周，Meta 内部一款 AI Agent 擅自执行操作，引发了这起安全漏洞事件。 据外媒报道，一名 Meta 员工在内部论坛发帖求助技术问题，本是常规操作。而另一名工程师使用公司内部的 AI Agent 分析了该问题，后来尽管该工程师并未下达相关指令，但 Agent 直接就发布了回复内容。事实证明，该 AI Agent 给出的建议并不正确。提问员工依据 Agent 给出的方案执行操作，结果让大量工程师获得本无权访问的 Meta 系统权限，看到了海量公司及用户相关数据。 此次安全漏洞在被 Meta 修复前，持续了约两小时。但该公司发言人表示，“未发生用户数据被不当处理的情况”，暂无证据显示有人滥用这一临时访问权限，也无数据被公开泄露。 根据一份事故报告显示，Meta 将此次事故定为 “Sev 1” 级别 ，这是其内部安全事件评级体系中第二高的严重等级。另外，Meta 内部审查还发现，此次漏洞还存在其他未具体说明的诱因。 有消息人士称，没有证据表明有人利用这次突然开放的权限牟利，也没有数据在漏洞存在的两小时内被公开。不过，这一结果与其说是防范得当，不如说更像是侥幸。 “凭空失控”还是工程问题？ Meta 此次事故曝出后不久，就在社交平台引发了热议。“Meta 的员工们应该听取同事的警告。”一位网友说道。 值得注意的是，这并非 Meta 员工首次遭遇 AI Agent 失控问题。上个月，Meta AI 安全与对齐负责人 Summer Yue 就在 X 平台发文称，她将自己的 Gmail 邮箱与 OpenClaw 自主 Agent 绑定后，该 AI 出现失控行为，开始批量删除她的邮件，尽管她已明确要求 AI 在执行任何操作前必须先征得她的确认。当时，Yue 在 X 上写道，“我在手机上根本拦不住它。只能飞奔去拿我的 Mac mini，就像拆炸弹一样。” 然而，这次事件似乎并未让 Meta 有所警惕。没过多久，Meta 内部就在自家 Agent 上“栽了跟头”。 “一个系统不会凭空失控，问题是没人检查它访问和发...
Centaurus Financial Inc. bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 199,830 shares of the iPhone maker's stock, valued at approximately $50,883,000. Apple accounts for about 2.4% of Centaurus Financial Inc.'s portfolio, making the stock its 2nd ...
Centaurus Financial Inc. bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 199,830 shares of the iPhone maker's stock, valued at approximately $50,883,000. Apple accounts for about 2.4% of Centaurus Financial Inc.'s portfolio, making the stock its 2nd largest position. Get Apple alerts: Sign Up Several other institutional investors and hedge funds have also recently modified their holdings of the business. Isthmus Partners LLC grew its holdings in Apple by 6.4% in the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock valued at $25,000 after purchasing an additional 5,808 shares during the period. Sellwood Investment Partners LLC raised its stake in shares of Apple by 110.9% during the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock worth $34,000 after buying an additional 71 shares during the period. ROSS JOHNSON & Associates LLC raised its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after buying an additional 180 shares during the period. LSV Asset Management purchased a new position in shares of Apple during the 4th quarter valued at approximately $65,000. Finally, 49 Wealth Management LLC grew its stake in Apple by 15.7% in the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock valued at $76,000 after acquiring an additional 40,543 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock. Analyst Ratings Changes Several equities research analysts recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of Apple in a report on Friday, January 30th. Morgan Stanley reaffirmed an "overweight" rating and set a $315....
Centaurus Financial Inc. bought a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 340,815 shares of the computer hardware maker's stock, valued at approximately $63,589,000. NVIDIA accounts for 3.0% of Centaurus Financial Inc.'s investment portfolio,...
Centaurus Financial Inc. bought a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 340,815 shares of the computer hardware maker's stock, valued at approximately $63,589,000. NVIDIA accounts for 3.0% of Centaurus Financial Inc.'s investment portfolio, making the stock its biggest holding. Get NVIDIA alerts: Sign Up Several other hedge funds also recently made changes to their positions in NVDA. Joule Financial LLC boosted its holdings in shares of NVIDIA by 2.2% during the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker's stock valued at $431,000 after buying an additional 50 shares in the last quarter. Vision Financial Markets LLC increased its stake in shares of NVIDIA by 1.2% in the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker's stock worth $866,000 after acquiring an additional 53 shares in the last quarter. Websterrogers Financial Advisors LLC increased its stake in shares of NVIDIA by 2.6% in the 3rd quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker's stock worth $395,000 after acquiring an additional 54 shares in the last quarter. IMG Wealth Management Inc. lifted its position in NVIDIA by 1.4% during the 3rd quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker's stock valued at $713,000 after acquiring an additional 54 shares during the period. Finally, Cyr Financial Inc. lifted its position in NVIDIA by 0.7% during the 3rd quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker's stock valued at $1,444,000 after acquiring an additional 54 shares during the period. 65.27% of the stock is currently owned by institutional investors. NVIDIA Price Performance Shares of NVDA opened at $180.40 on Thursday. NVIDIA Corporatio...
CIBC Bancorp USA Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,252,724 shares of the information services provider's stock, valued at approximately $305,101,000. Alphabet makes up 1.1% of CIBC Bancorp USA Inc.'s hold...
CIBC Bancorp USA Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,252,724 shares of the information services provider's stock, valued at approximately $305,101,000. Alphabet makes up 1.1% of CIBC Bancorp USA Inc.'s holdings, making the stock its 15th largest position. Other institutional investors have also recently modified their holdings of the company. University of Illinois Foundation purchased a new position in Alphabet in the second quarter worth $31,000. Imprint Wealth LLC purchased a new stake in shares of Alphabet during the 3rd quarter worth $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet during the 3rd quarter worth $32,000. Tripletail Wealth Management LLC acquired a new position in shares of Alphabet during the 3rd quarter worth $40,000. Finally, Retirement Wealth Solutions LLC grew its stake in shares of Alphabet by 145.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider's stock worth $48,000 after purchasing an additional 116 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors. Get Alphabet alerts: Sign Up Analyst Ratings Changes A number of equities analysts have recently issued reports on GOOG shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $370.00 price target on shares of Alphabet in a report on Tuesday, January 20th. Sanford C. Bernstein restated a "market perform" rating and set a $345.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Guggenheim reaffirmed a "buy" rating and issued a $375.00 target price on shares of Alphabet in a report on Monday, December 1st. Scotiabank reiterated an "outperform" rating and set a $400.00 price target (up fr...
CIBC Bancorp USA Inc. bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 571,713 shares of the electric vehicle producer's stock, valued at approximately $254,252,000. Tesla makes up about 0.9% of CIBC Bancorp USA Inc.'s portfolio, making the stock its 22nd larg...
CIBC Bancorp USA Inc. bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 571,713 shares of the electric vehicle producer's stock, valued at approximately $254,252,000. Tesla makes up about 0.9% of CIBC Bancorp USA Inc.'s portfolio, making the stock its 22nd largest holding. Get Tesla alerts: Sign Up Several other hedge funds also recently modified their holdings of the business. Ariadne Wealth Management LP lifted its stake in shares of Tesla by 4.5% in the 3rd quarter. Ariadne Wealth Management LP now owns 2,528 shares of the electric vehicle producer's stock valued at $1,124,000 after purchasing an additional 108 shares during the last quarter. EMC Capital Management increased its position in Tesla by 30.0% during the third quarter. EMC Capital Management now owns 1,300 shares of the electric vehicle producer's stock worth $578,000 after buying an additional 300 shares during the last quarter. WBI Investments LLC raised its holdings in Tesla by 223.1% during the third quarter. WBI Investments LLC now owns 4,485 shares of the electric vehicle producer's stock valued at $1,995,000 after buying an additional 3,097 shares in the last quarter. Kensington Investment Counsel LLC bought a new position in Tesla during the third quarter valued at about $210,000. Finally, Portus Wealth Advisors LLC acquired a new stake in shares of Tesla in the third quarter worth about $1,379,000. Institutional investors and hedge funds own 66.20% of the company's stock. Insider Buying and Selling In related news, Director James R. Murdoch sold 60,000 shares of the company's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director directly owned 577,031 shares in the company, valued at $257,009,607.40. This repres...
Centaurus Financial Inc. cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,590 shares of the social networking company's stock after selling 3,646 shares during the quarter. Meta Platforms accounts for about 1.1% of Centaurus Financial Inc....
Centaurus Financial Inc. cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,590 shares of the social networking company's stock after selling 3,646 shares during the quarter. Meta Platforms accounts for about 1.1% of Centaurus Financial Inc.'s investment portfolio, making the stock its 14th largest holding. Centaurus Financial Inc.'s holdings in Meta Platforms were worth $23,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds have also bought and sold shares of the stock. Westchester Capital Management Inc. purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $26,000. Bare Financial Services Inc purchased a new position in shares of Meta Platforms in the second quarter worth $30,000. Knuff & Co LLC purchased a new position in shares of Meta Platforms in the second quarter worth $44,000. Evergreen Private Wealth LLC raised its holdings in Meta Platforms by 64.8% during the 3rd quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company's stock valued at $65,000 after buying an additional 35 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Meta Platforms during the 3rd quarter valued at $71,000. 79.91% of the stock is currently owned by institutional investors. Get Meta Platforms alerts: Sign Up Meta Platforms News Summary Here are the key news stories impacting Meta Platforms this week: Positive Sentiment: MTIA chip roadmap & Broadcom partnership reaffirmed — Meta publicly detailed four MTIA inference chips and explicitly cited Broadcom as a partner, underlining a clearer path to scale AI inference (supports revenue/engagement from better personalization and GenAI features). Meta MTIA blog MTIA chip r...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. If you’ve been wondering how exactly AI might reshape the global financial sector’s workforce, look no further: HSBC is a pretty good indicator. The dual-listed lender is weighing deep job cuts over the next three to five years, which could ultimately impact about 10% of its t...
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. If you’ve been wondering how exactly AI might reshape the global financial sector’s workforce, look no further: HSBC is a pretty good indicator. The dual-listed lender is weighing deep job cuts over the next three to five years, which could ultimately impact about 10% of its total headcount. That’s as CEO Georges Elhedery bets on AI to shrink its middle and back offices (non-client facing roles in global service centres, for example, are expected to be in the firing line). It’s part of a radical restructuring under Elhedery since he became boss in 2024. Thousands of jobs have already been shed, some units sold or merged and compensation models changed, all while pivoting further towards Asia. Shares of HSBC slid in both London and Hong Kong, though they have soared since Elhedery took over at the top. As HSBC says, “opening up a world of opportunity” — perhaps for the top performers. What’s your take? Ping me on X , LinkedIn or drop me an email at lmoon13@bloomberg.net. Oh, and do subscribe to Bloomberg.com for unlimited access to trusted business journalism on the UK, and beyond. What We’re Watching Speaking of jobs, UK unemployment held steady last month as firms hired more staff, hinting at a stabilising jobs market . That’s after a long stretch of hiring went on freeze and as redundancies grow. Still, a slightly improving domestic picture is likely to take a back seat when the Bank of England decides on interest rates later today, given inflationary threats posed by the Iran war. The expectation is for a hold at 3.75% . More on that from my colleague Sam below. Back to the corporate world, BP has agreed to sell a refinery in Germany to Swiss industrial firm Klesch Group (for an undisclosed sum). It follows promises of big asset sales to slash debt following pressure from activist shareholder Elliott. Oil and gas firm Energean has paused prod...
CIBC Bancorp USA Inc. bought a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 736,177 shares of the social networking company's stock, valued at approximately $540,634,000. Meta Platforms makes up about 1.9% of CIBC Bancorp USA Inc.'s portfolio, making t...
CIBC Bancorp USA Inc. bought a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 736,177 shares of the social networking company's stock, valued at approximately $540,634,000. Meta Platforms makes up about 1.9% of CIBC Bancorp USA Inc.'s portfolio, making the stock its 5th largest holding. A number of other large investors have also made changes to their positions in META. Westchester Capital Management Inc. purchased a new position in Meta Platforms during the 3rd quarter worth approximately $26,000. Bare Financial Services Inc acquired a new stake in Meta Platforms during the 2nd quarter valued at $30,000. Knuff & Co LLC purchased a new stake in shares of Meta Platforms in the second quarter valued at $44,000. Evergreen Private Wealth LLC lifted its holdings in shares of Meta Platforms by 64.8% in the third quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company's stock valued at $65,000 after purchasing an additional 35 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Meta Platforms in the third quarter worth $71,000. Institutional investors and hedge funds own 79.91% of the company's stock. Get Meta Platforms alerts: Sign Up Meta Platforms Price Performance META opened at $615.68 on Thursday. The stock has a fifty day moving average price of $651.20 and a 200 day moving average price of $674.78. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market cap of $1.56 trillion, a price-to-earnings ratio of 26.20, a PEG ratio of 0.96 and a beta of 1.30. Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, January 28th. The social networking company reported...
Owner Of Failed UK-Based Private Lender MFS Hit With Worldwide Asset Freeze When we reported on the collapse of the first major UK-based private credit lender, Market Financial Solutions (or MFS), the UK mortgage lender that borrowed more than £2 billion ($2.7 billion) from Wall Street backers, and which collapse in spectacular fashion, we pointed out that the mastermind behind the operation, Pare...
Owner Of Failed UK-Based Private Lender MFS Hit With Worldwide Asset Freeze When we reported on the collapse of the first major UK-based private credit lender, Market Financial Solutions (or MFS), the UK mortgage lender that borrowed more than £2 billion ($2.7 billion) from Wall Street backers, and which collapse in spectacular fashion, we pointed out that the mastermind behind the operation, Paresh Raja, may have opportunistically fled to Dubai , although he may have since fled again for obvious reasons. Now, Bloomberg reports that officials overseeing the wind-down of have obtained a worldwide asset-freezing order against owner Paresh Raja. Courts in London and Dubai granted the order, according to a spokesperson for AlixPartners, the insolvency firm appointed by creditors to oversee the insolvency of MFS. Paresh Raja must provide details of all his assets worth more than £10,000 MFS borrowed from Wall Street banks and investment firms including Barclays and Apollo’s Atlas SP Partners unit. The London-based firm collapsed Feb. 25 amid allegations of wrongdoing. Creditors have since alleged that they’re facing possible losses of at least £1.3 billion. “We welcome the granting of these applications which follow two weeks of intense analysis and investigation into the operations and affairs of MFS and Paresh Raja,” the spokesperson for AlixPartners said in a statement. “This is an important and significant step in this very complex situation, and the support of the courts is critical as we continue our pursuit of the best possible outcome for all creditors of both MFS and its associated companies.” A spokesperson for Raja declined to comment and a London court didn’t respond to an email requesting the freezing order. The Financial Times first reported the freezing order. Tyler Durden Thu, 03/19/2026 - 04:15
Michael Hartono , an Indonesian billionaire and major shareholder of the country’s largest lender by market value, PT Bank Central Asia , has died. He was 86. Hartono passed away in Singapore on Thursday afternoon, according to Budi Darmawan, corporate secretary of Djarum Group, one of Hartono’s companies. Together with his younger brother, Budi Hartono , 85, the pair have a combined net worth of ...
Michael Hartono , an Indonesian billionaire and major shareholder of the country’s largest lender by market value, PT Bank Central Asia , has died. He was 86. Hartono passed away in Singapore on Thursday afternoon, according to Budi Darmawan, corporate secretary of Djarum Group, one of Hartono’s companies. Together with his younger brother, Budi Hartono , 85, the pair have a combined net worth of around $31 billion, according to the Bloomberg Billionaires Index . Born on Oct. 2, 1939 in Central Java, Hartono, along with his brother, took over his father’s cigarette factory in 1963 after a devastating factory fire. The two helped rebuild it and turned the company into one of Indonesia’s largest conglomerates, with interests in banking, technology and consumer goods. Their most consequential move came after the Asian financial crisis in the late 1990s, when Indonesia’s banking sector collapsed under the weight of bad debt. Through their conglomerate, Michael and Budi acquired a controlling stake in BCA from the Indonesian Bank Restructuring Agency. Under their ownership, BCA emerged as Indonesia’s largest private bank and one of its most profitable financial institutions, deeply embedded in the country’s payments and lending system. The Hartono family later diversified further into electronics, telecommunications infrastructure, property and digital businesses, although banking remained at the core of their wealth. Michael Hartono’s death comes as Indonesian President Prabowo Subianto steps up government scrutiny of the nation’s richest families . Last year, Hartono’s nephew, Victor Hartono, was temporarily barred from leaving the country in connection with a tax-related corruption probe. Unlike many tycoons, Hartono kept a very low profile. He rarely spoke to the media or appeared in public, preferring to work quietly behind the scenes. Bridge was among his passions and he represented Indonesia at the 2018 Asian Games.
Novo Nordisk A/S is seeking to broaden access to obesity treatments in Japan by targeting patients willing to pay out-of-pocket for GLP-1 drugs such as Wegovy. The Danish drugmaker will work with physicians and patients on self-funded treatment pathways, Keisuke Kotani, the head of Novo’s Japan unit, said at a briefing in Tokyo Thursday. “There are many people who can’t access the treatment becaus...
Novo Nordisk A/S is seeking to broaden access to obesity treatments in Japan by targeting patients willing to pay out-of-pocket for GLP-1 drugs such as Wegovy. The Danish drugmaker will work with physicians and patients on self-funded treatment pathways, Keisuke Kotani, the head of Novo’s Japan unit, said at a briefing in Tokyo Thursday. “There are many people who can’t access the treatment because of various reasons,” he said. Strict reimbursement rules and limited prescribing access have constrained Japan’s uptake of GLP-1 obesity drugs, even as demand grows globally for such treatments. Only a small share of eligible patients in the country receive therapies, creating a gap between clinical need and broader demand. Novo Nordisk’s push into self-funded care reflects a broader industry effort to expand treatment in under-penetrated markets. Japan has strict eligibility criteria for insurance-covered treatments with the blockbuster semaglutide drug, which limits the number of those who are potentially treatable and has proved to be a bottleneck in the country’s obesity treatment market. Access remains tightly restricted, with various regulatory hurdles in place before GLP-1 treatments can be prescribed by doctors. “The challenge becomes how best to serve the patients in any way possible,” Kotani said. Wegovy has been on the market in Japan since February 2024, and is available at roughly 1,200 facilities in a country with more than 100,000 hospitals and clinics. Patients must meet strict clinical thresholds: a body mass index of 35 or above, or a BMI of 27 with related conditions and insufficient improvement after months of diet and exercise, according to Japan’s health ministry. Eli Lilly & Co. ’s Zepbound also faces similar restrictions. As a result, uptake remains modest. About 14,000 people in Japan are currently receiving obesity drugs, a fraction of the roughly 6 million who meet treatment criteria and the broader 26.6 million classified as obese — defined as ...
The limit on contactless spending with a credit or debit card has been scrapped, and banks will be allowed to set their own restrictions. The City watchdog, the Financial Conduct Authority (FCA), said the move would allow banks to respond to changing consumer demands, inflation and new technology. Here we look at how the rules have changed and what the impact may be. What were the rules? When you ...
The limit on contactless spending with a credit or debit card has been scrapped, and banks will be allowed to set their own restrictions. The City watchdog, the Financial Conduct Authority (FCA), said the move would allow banks to respond to changing consumer demands, inflation and new technology. Here we look at how the rules have changed and what the impact may be. What were the rules? When you paid for something in person using a credit or debit card there was a limit of £100 on each single contactless transaction, under rules set by the FCA. There were also limits on cumulative spending. You could spend up to £300, or make five contactless taps, before you will be asked for verification – typically your four-digit pin number. Anytime you used your pin or pay online the total is reset to £0. There continues to be no limit on payments using digital wallets, such as Apple Pay. What has changed? The FCA is allowing banks and card providers to remove the limits – on the single transaction and cumulative spending. Rising shop prices mean people were more likely to bump up against the £100 limit than they were when it was introduced in October 2021. However, the FCA has said it does not expect providers to take up the offer in the foreseeable future as most consumers are content with the current limits. Many high street banks – including Nationwide, NatWest, HSBC, Barclays, Lloyds and Santander have said they are not making any changes. Challenger banks such as Starling, Monzo and Revolut are also keeping the £100 limit for now. Isn’t this making life easier for fraudsters? There is a concern that criminals who get their hands on a contactless card will be able to rack up more spending before they are stopped. The single transaction limit reduces the possibility to buy very expensive items and the cumulative limits keep a lid on the total spend. The last figures from the banks’ trade body, UK Finance, show contactless fraud rates are low, at 1.2p for every £100 of tran...
Macy's Inc.’s ( M ) shares climbed 4.7% after the company reported fourth-quarter fiscal 2025 adjusted earnings of $1.67 per share, surpassing the Zacks Consensus Estimate of $1.53 per share. M Shares of General Mills Inc. ( GIS ) tumbled 3% after the company reported third-quarter fiscal 2026 adjusted earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.74 per share. GIS Shares...
Macy's Inc.’s ( M ) shares climbed 4.7% after the company reported fourth-quarter fiscal 2025 adjusted earnings of $1.67 per share, surpassing the Zacks Consensus Estimate of $1.53 per share. M Shares of General Mills Inc. ( GIS ) tumbled 3% after the company reported third-quarter fiscal 2026 adjusted earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.74 per share. GIS Shares of Williams-Sonoma Inc. ( WSM ) rose 1.1% after posting fourth-quarter fiscal 2026 adjusted earnings of $3.04 per share, outpacing the Zacks Consensus Estimate of $2.89 per share. WSM Weibo Corp.’s ( WB ) shares plunged 10.7% after reporting fourth-quarter 2025 adjusted earnings of $0.25 per share, lagging the Zacks Consensus Estimate of $0.31 per share. Quantum Computing Stocks Set To Soar Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time. Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Macy's, Inc. (M) : Free Stock Analysis Report General Mills, Inc. (GIS) : Free Stock Analysis Report Williams-Sonoma, Inc. (WSM) : Free Stock Analysis Report Weibo Corporation (WB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.