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Equifax's $700 million data breach settlement spurs criticism, calls for new rules

WASHINGTON (Reuters) - Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and some lawmakers who called for stricter regulation. Read More

Business News

Trump expected to attend White House tech meeting where Huawei will be discussed: sources
WASHINGTON (Reuters) - U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the chief executives of Intel Corp and Broadcom Inc, held to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter said.
Apple in advanced talks to buy Intel's smartphone-modem chip business: WSJ
(Reuters) - Apple Inc is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter.
S&P 500 climbs toward record high, earnings in focus
(Reuters) - The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week.
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Economic News

Trump, Congress leaders reach deal on debt limit, spending caps
WASHINGTON (Reuters) - President Donald Trump and U.S. congressional leaders said on Monday they reached a deal on a two-year extension of the debt limit and federal spending caps through Sept. 30, 2021.
S&P 500 climbs toward record high, earnings in focus
(Reuters) - The S&P 500 climbed toward a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week.
EU redoubles threat to retaliate if U.S. raises auto tariffs
WASHINGTON (Reuters) - The European Union is keen to work with Washington to reform the World Trade Organization and cooperate on common challenges to global trade, but will retaliate if Washington makes good on its threat to raise car tariffs, a top EU official said on Monday.
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Money News

Take it easy: central bank U-turns loosen financial conditions
(Reuters) - Rate cut bets and rallying equity and bond markets are feeding into a gradual loosening of financial market conditions that could potentially send world growth ticking higher by the end of the year, a closely watched index suggests.
Two top fixed-income portfolio managers exit Eaton Vance
(This July 19 story corrects to say the fund has a negative process pillar rating, not negative overall rating, in the fifth paragraph)
Investors buy fewest U.S. 30-year bonds at auction since September
NEW YORK (Reuters) - Fund managers purchased the least amount of U.S. 30-year Treasury bonds at an auction in 10 months earlier this month that intensified a sell-off in the bond market, according to data released from the U.S. Treasury Department on Monday.
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