Month: July 2024
Earnings playbook: Your guide to a busy week of earnings, including Alphabet and Tesla
Wall Street will get its first glimpse of Big Tech earnings this week. Google-parent Alphabet and Tesla are among the more than 100 S & P 500 companies slated to report. Results from Ford Motor, IBM and General Motors are also on deck. The reporting period is off to a solid start. About 14% of […]
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Boeing expects 787 suppliers to catch up by year’s end, restoring output
A Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington. Robert Sorbo | Reuters Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial […]
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Berkshire sells around $1.48 billion Bank of America shares, filing shows
The exterior of a Bank of America on July 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed. After the sale, Berkshire owned about 999 million BofA shares. Berkshire is […]
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‘Ludicrous’: Donors leave call with Kamala Harris frustrated and annoyed
U.S. Vice President Kamala Harris departs Air Force Two as she arrives at Pope Army Airfield to campaign in Fayetteville, North Carolina, U.S., July 18, 2024. Kevin Mohatt | Reuters A call Friday featuring Vice President Kamala Harris and about 300 major Democratic donors left many who dialed in frustrated, with one donor declaring it […]
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Israeli jets strike Houthi targets in Yemen after Tel Aviv attack
A giant fire erupts at an oil storage facility following Israeli strikes in Yemen’s Houthi-held port city of Hodeida on July 20, 2024. Israeli warplanes struck the Houthi-controlled Yemeni port of Hodeida on July 20, a day after a drone attack by the Houthi rebels killed a civilian in Tel Aviv, both sides said. Afp […]
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Malicious actors trying to exploit global tech outage for their own gain
A general view from Changi Airport as passengers gather and wait due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Singapore. Zakaria Zainal | Anadolu | Getty Images As the world continues to recover from massive business and travel disruptions […]
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Microsoft says about 8.5 million of its devices affected by CrowdStrike-related outage
The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. Harun Ozalp | Anadolu | Getty Images A global tech outage that was related to a software update by cybersecurity […]
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Rep. Mark Takano calls on Biden to exit race, pass the torch to Harris
Chairman Mark Takano, of the House Committee on Veterans’ Affairs (D-CA) speaks alongside members of the Congressional Delegation who recently traveled to the Indo-Pacific Region at a press conference in the U.S. Capitol Building on August 10, 2022 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images California Rep. Mark Takano on […]
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The CrowdStrike fail and next global IT meltdown already in the making
When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist attack. The reality, however, was much more mundane: a botched software update from the cybersecurity company CrowdStrike. “In […]
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The Crowdstrike outage and global software’s single-point failure problem
The frequency of large-scale attacks on corporate enterprise IT is increasing. That’s not unusual or unexpected as companies spend heavily on cyber defense in an asymmetric war against hackers who can string together a few lines of code and wreak havoc. But the largest IT outage ever on Friday, resulting from a CrowdStrike software bug […]
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