North Korea has issued a stern warning to the United States as President Barack Obama weighs a response to a hacking attack on Sony Pictures Entertainment last month. The North has warned of strikes against the Pentagon, White House and “the whole U.S. mainland.” The threat carries some weight because it comes from North Korea’s most powerful body: the National Defense Council, which is presided by Kim Jong-un.
US is ‘the cesspool of terrorism’
U.S. agencies say that they have found signs in the computer code that reveal North Korea’s role in executing the Sony attack. The North has denied U.S. claims that it was behind cyber-attacks on Sony Pictures. The hacking was in retaliation to Sony’s movie The Interview, which features a mission to assassinate North Korean leader Kim John-un.
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More