Security and tech experts have warned that hackers are now resorting to emails and apps claiming to provide information on the COVID-19 outbreak to fool victims into installing malware on their devices. According to information security provider ZScaler, hackers have been preying on people’s fears of the coronavirus by creating apps with features too good…
Calls for fiscal relief involving 401ks are growing louder, with The Wall Street Journal joining the American Retirement Association and Empower Retirement in arguing for penalty-free—and in some cases tax-free—withdrawals to combat the coronavirus crisis. “As the coronavirus threatens to stall the U.S. economy, a relatively easy countermeasure is to hit the emergency 401k button: Congress should allow people to take…
It’s a carbon tax. A new report by consultants at Oliver Wyman shows that the world’s financial sector stands to lose $1 trillion if governments adopt a carbon tax as they attempt to shift to a low-carbon economy. Countries like Canada have already attempted to adopt forms of a carbon tax and a carbon border is being considered by…
Insurance investors delivered a clear verdict today: They’re a bit worried about how a severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) epidemic might affect health insurers, but they hate how interest rate cuts might affect life insurers. The stock market as a whole had a terrible today, with the S&P 500 benchmark index falling 7.6%, based in…