Month: July 2024
Xiaomi launches first flip phone at just over $800, with a $70 portable printer
Chinese smartphone company Xiaomi on Friday launched its first flip phone alongside an upgraded version of its foldable. Evelyn Cheng BEIJING — Xiaomi on Friday launched its first flip phone with the ability to print pictures instantly using a separately sold portable printer. The Mix Flip starts at 5,999 yuan ($825), the company announced. Preorders […]
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These stocks reporting next week have strong earnings momentum
Some of the companies reporting quarterly results next week are more likely to see their stocks get a post-earnings bump. The second-quarter earnings season is due to ramp up in the week ahead, with 124 companies in the S & P 500 — or nearly one-quarter of the benchmark’s constituents — on the slate to […]
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Stocks making the biggest premarket moves: CrowdStrike, American Express, SLB, Travelers and more
Check out the companies making the biggest moves in premarket trading: CrowdStrike — Shares plunged nearly 13%, paring some of its earlier losses, after an update from the cybersecurity company caused a major IT outage impacting businesses around the globe. Microsoft — The tech giant slipped 1.6% after being hit with widespread tech outages from […]
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How a software update caused one of the world’s biggest IT blackouts
George Kurtz, co-founder and CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images A fault with an update issued by cybersecurity company CrowdStrike led to a cascade effect among global IT systems Friday, with industries ranging from banking to airlines facing outages. Banks […]
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Vietnam Communist Party chief Trong dies at 80, state media says
Vietnamese Communist Party General Secretary Nguyen Phu Trong looks on as he is received by Russian President Vladimir Putin during talks with on September 6, 2018 in Sochi, Russia. Mikhail Svetlov | Getty Images News | Getty Images Vietnam’s Communist Party chief Nguyen Phu Trong has died, state media said on Friday, after holding the […]
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CFPB cracks down on popular paycheck advance programs. Here’s what that means for workers
Key Points The Consumer Financial Protection Bureau proposed a rule that would label paycheck advance programs as loans, if users are charged a fee. These programs are sometimes known as earned wage access, daily pay, instant pay, accrued wage access, same-day pay and on-demand pay. Under the proposed rule, users would see fees expressed as […]
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Retail crime ‘queenpin’ faces five years in prison, millions in restitution
Michelle Mack is taken into custody, Dec. 6, 2023. CNBC The ringleader of a nationwide organized retail crime operation that targeted Ulta Beauty and other major retailers is facing more than five years in a California state prison. Michelle Mack, of Bonsall, California, received a delayed sentence of five years and four months, which be […]
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Flights grounded and passengers warned of delays amid global IT outage
Crowds are seen building up at Suvarnabhumi Airport as a global IT disruption caused by a Microsoft outage and a Crowdstrike IT problem combine to affect users on July 19, 2024 in Bangkok, Thailand. Mailee Osten-tan | Getty Images News | Getty Images Several airlines halted flights on Friday, while others warned of delays and […]
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Microsoft, CrowdStrike shares fall in premarket trading after major outage hits businesses worldwide
CrowdStrike makes software to help firms manage their security in IT environments. Sopa Images | Lightrocket | Getty Images Cybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world. Shares of the company, which makes software to help firms manage their security in IT […]
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Global IT outage grounds planes and sends broadcasters off air: Live updates
London Stock Exchange says investigating technical issues London doesn’t yet have the kind of megacap technology names that dominate the U.S. market. Bloomberg | Getty Images London Stock Exchange Group on Friday said it is investigating technical issues after it was hit by a global IT outage affecting its pricing data and news communications. In […]
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