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U.S. Bank is notifying some of its customers about personal information that was accidentally shared by one of the bank's third -party vendors , according to draft letters posted to the California Attorney General's website. About 11,000 customers were affected after the vendor, a collections recovery group, accidentally shared the info, a U.S. Bank spokesperson told NBC News. The incident occurred Sept. 27 and involved the sharing of information, including names , Social Security numbers, closed account numbers and outstanding balances . Customers with closed U.S. Bank credit card accounts were affected, the letter states . The bank said the error was found immediately and that the recipients of the file all cooperated to secure the information. It said it did not believe there was any cause for concern or any risk to customers as a result of the breach. An employee immediately noticed the error, and the bank ultimately received a certificate of destruction of the informa...

In this article GT HOLX IDXX Follow your favorite stocks CREATE FREE ACCOUNT A customer waits for his car at the garage of Avis Budget Group at the San Francisco airport. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Avis Budget Group – Shares of the budget care rental company jumped 2% following its quarterly results. Avis reported adjusted per-share earnings of $21.70, compared to expectations of $14.64 per share, according to Refinitiv. Stryker – The medical technology company fell 5.5% after it reported a miss on the top line in its latest quarterly results. Stryker posted adjusted earnings per share of $2.12, compared to estimates of $2.23, according to Refinitiv. The company narrowly beat expectations on revenue. Hologic – Shares of the medical supplier added 7.5% as it beat expectations of analysts' expectations on top and bottom lines for the latest quarter , according to Street Account. For the fiscal year...

Elon Musk, the new owner of Twitter, tweeted and deleted an unfounded anti-LGBTQ conspiracy theory Sunday morning about the attack on House Speaker Nancy Pelosi's husband from a website that has a history of publishing false information. Musk responded to former Secretary of State Hillary Clinton when she tweeted out a Los Angeles Times story about how David DePape, the suspect in the attack on Paul Pelosi, had spread far-right conspiracy theories. Clinton tweeted the link to that story along with the message: "The Republican Party and its mouthpieces now regularly spread hate and deranged conspiracy theories . It is shocking, but not surprising, that violence is the result. As citizens, we must hold them accountable for their words and the actions that follow." Musk wrote to Clinton at 8:15 a.m. Sunday, linking to a story published on a right-wing website called the Santa Monica Observer that questioned the circumstances of the attack on Pelosi, according to an archived...

China's factory activity declined in October, official data showed Monday. Pictured here on Oct. 27, 2022, in Jiangsu province is an aluminum products company. Vcg | Visual China Group | Getty Images BEIJING — China's factory activity fell in October due to frequent Covid outbreaks, the National Bureau of Statistics said Monday. The official purchasing managers' index for manufacturing fell to 49.2 this month, down from 50.1 in September, the data showed. Economists had expected a print of 50, according to analysts polled by Reuters. Readings below 50 indicate a contraction in business activity , while figures 50 above reflect expansion. The index surveys businesses on operating conditions. The index has come in below 50 for six out of 10 months of the year so far. Sub-indicators on factory employment, production, new orders and supplier delivery time all showed contraction in October compared to September. watch now VIDEO 2:53 02:53 China will continue to be No. 1 in the...

The average U.S. 30-year mortgage rate surpassed 7% for the first time in two decades, mortgage giant Freddie Mac said Thursday. As of Oct. 27, the average rate hit 7.08%, the highest level since April 2002 and one that Freddie Mac said is "leading to greater stagnation in the housing market." "As inflation endures, consumers are seeing higher costs at every turn, causing further declines in consumer confidence this month," it said. "In fact, many potential homebuyers are choosing to wait and see where the housing market will end up, pushing demand and home prices further downward." Home price gains decelerated at a record pace in August according to the S&P CoreLogic Case-Shiller Home Price Index, cooling from 15.6% to 13% on an annual basis . But home prices are still climbing, having increased from $449,300 to $454,900 in the third quarter, according to U.S. census data. Meanwhile, the national median mortgage payment was $1,941 in September, up ...

In this article BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Dado Ruvic | Reuters Bitcoin's lack of volatility lately isn't a bad thing and could actually point to signs of a "bottoming out" in prices, analysts and investors told CNBC. Digital currencies have fallen sharply since a scorching run in 2021 which saw bitcoin climb as high as $68,990. But for the past few months, bitcoin's price has bounced stubbornly around $20,000 in a sign that volatility in the market has settled. Last week, the cryptocurrency's 20-day rolling volatility fell below that of the Nasdaq and S&P 500 indexes for the first time since 2020, according to data from crypto research firm Kaiko. Stocks and cryptocurrencies are both down sharply this year as interest rate hikes by the U.S. Federal Reserve and a strengthening dollar weighed on the secto...

Now that Elon Musk has closed on his acquisition of the social media platform Twitter, what happens to Twitter's stock? The transaction to make Twitter a private company was completed late Thursday, according to a Securities and Exchange Commission document. By Friday morning, Twitter's stock had already stopped trading on the New York Stock Exchange, where it had been listed since 2013. Next, Twitter will get a record of everyone who owned shares as of Thursday night's closing. The majority of shareholders will likely be represented by brokerage agents , according to Brian Quinn, a professor of securities law at Boston College. Screens display Twitter's share price at the New York Stock Exchange, in New York in 2013. Emmanuel Dunand / AFP via Getty Images file It's these agents who will be paid the $54.20 owed for each share, Quinn said. That was the price Musk agreed to pay for the company, and the price Twitter shareholders approved by a 98% margin in Septembe...

In this article TWTR Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:22 01:22 Bank of America CEO says he doesn't lose sleep over Musk's Twitter deal Squawk Box Europe The CEO of Bank of America , one of the financiers of Elon Musk's Twitter takeover, doesn&#x27 ;t appear worried about the deal. CNBC reported on Thursday that Musk is now in charge of Twitter. Binance, one of the investors in the deal, told CNBC the acquisition has closed. After Musk first announced plans to buy Twitter in April, he secured equity financing from an array of investors, including technology firms, as well as debt financing from a number of investment banks. One of those was Bank of America. But with the rout in technology stocks this year and investors cautious on risky assets, that debt could be hard to sell on to investors, meaning the banks may have to hold onto the debt. The Wall Street Journal reported Wednesday that the investment banks may hold onto the debt unti...

watch now VIDEO 2:47 02:47 Bank of America CEO: Seeing a 'mitigation' of growth, not a slowdown Squawk Box Europe The U.S. economy is experiencing a "mitigation of growth" but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting to be felt in the housing and auto markets, and renters will see their budgets squeezed as landlords pass on higher costs, he told CNBC's "Squawk Box Europe." But he stressed that consumer spending remains strong. "If you raise rates and slow down the economy to fight inflation, the expectation is you have a slowdown in consumer spending . It hasn't happened yet. So it could happen, but it hasn't happened yet," Moynihan said. "You're seeing a mitigation of the rate of growth, not a slowdown. Not negative growth." Bank of America expects the Fed to hike rates by 75 basis points and 50 basis points at its two remaining meetings ...

In this article CVX XOM AMZN AAPL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 1:43 01:43 News Update – Pre-Markets News Briefing Check out the companies making headlines before the bell: Exxon Mobil (XOM) – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and cost controls helped offset the slide in crude oil prices. Chevron (CVX) – Chevron rose 1.7% in premarket action after top and bottom line beats for its latest quarter. Chevron's $11.2 billion profit was lower than the record $11.6 billion it reported during the prior quarter, but still the second-best on record. Amazon (AMZN) – Amazon slumped 12.3% in the premarket after projecting much weaker-than-expected revenue for the current quarter. Amazon's projection reflects economic uncertainty and a significant hit from a stronger U.S. dollar. Apple (AAPL) – Apple beat top and bottom line estimates for its latest quarter, with its hi...

Dimitri Otis | Stone | Getty Images The U.S. economy grew in the third quarter, reversing a negative trend from the first half of the year — but weakness looms under the surface and households shouldn't be lulled into a false sense of financial security, economists and financial advisors said. "I think investors should still continue to be cautious ... and plan for more disruption," said Winnie Sun, co-founder and managing director of Sun Group Wealth Partners, based in Irvine, California, and a member of CNBC's Advisor Council. Gross domestic product — a sum of all the goods and services produced in the U.S. — grew by 0.6% from July through September, the Bureau of Economic Analysis estimated Thursday. That figure amounts to 2.6% growth on an annualized basis. "For the U.S. economy, a developed economy, that's very respectable, slightly above average," said John Leer, chief economist at Morning Consult, a data research company. watch now VIDEO 4:28 04...

watch now VIDEO 2:47 02:47 Bank of America CEO: Seeing a 'mitigation' of growth in consumer spending, not a slowdown Squawk Box Europe U.S. consumer spending is experiencing a "mitigation of growth" but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting to be felt in the housing and auto markets, and renters will see their budgets squeezed as landlords pass on higher costs, he told CNBC's "Squawk Box Europe." But he stressed that consumer spending remains strong. "If you raise rates and slow down the economy to fight inflation, the expectation is you have a slowdown in consumer spending. It hasn't happened yet. So it could happen, but it hasn't happened yet," Moynihan said. "You're seeing a mitigation of the rate of growth, not a slowdown. Not negative growth." Bank of America expects the Fed to hike rates by 75 basis points and 50 basis points at i...