CrowdStrike Holdings Inc
Delta says chaos after CrowdStrike outage cost it $550 million
A Delta Airlines Airbus A319-114 aircraft taxis at Los Angeles International Airport after arriving from Las Vegas on May 5, 2024 in Los Angeles, California. Kevin Carter | Getty Images Delta Air Lines on Thursday said last month’s CrowdStrike outage and subsequent mass flight cancellations cost it some $550 million and reiterated that it is […]
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Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
Traffic_analyzer | Digitalvision Vectors | Getty Images Financial services companies and their digital technology suppliers are under intense pressure to achieve compliance with strict new rules from the EU that require them to boost their cyber resilience. By the start of next year, financial services firms and their technology suppliers will have to make sure […]
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CNBC Daily Open: Market correction may not be over yet
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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Stocks making the biggest moves midday: Kenvue, Caterpillar, Uber, CrowdStrike and more
Check out the companies making the biggest moves midday: Kenvue — The maker of Band-Aid bandages rallied 14% after beating analysts’ estimates for its second quarter. Kenvue, which spun off from Johnson & Johnson last year, posted adjusted earnings of 32 cents per share, versus the 28 cents expected from analysts polled by FactSet. Revenue […]
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Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Microsoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages from the software giant and CrowdStrike for thousands of flight cancellations in the wake of a […]
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Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more
Check out the companies making headlines before the bell: Palantir Technologies — The data analytics company rallied 11% after raising its full-year revenue forecast. Palantir now sees revenue between $2.74 billion and $2.75 billion. That’s up from a range of $2.68 billion to $2.69 billion. Yum China — Shares surged 8% after the Shanghai-based operator […]
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Abnormal Security, valued at $5.1 billion amid email security push, eyes eventual IPO
Abnormal Security co-founders Sanjay Jeyakumar and Evan Reiser Abnormal Security Cybersecurity company Abnormal Security said Tuesday it has raised $250 million in a Series D funding round that values the firm at $5.1 billion. Abnormal’s latest funding round is being led by Wellington Management and includes existing investors Greylock Partners, Menlo Ventures, Insight Partners, as […]
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CrowdStrike is sued by fliers after massive outage disrupts air travel
Travelers wait to board their delayed flight at the Hartsfield-Jackson Atlanta International Airport on July 23, 2024 in Atlanta, Georgia. Brandon Bell | Getty Images CrowdStrike‘s legal troubles from last month’s massive global computer outage deepened on Monday, as the cybersecurity company was sued by air travelers whose flights were delayed or canceled. In a proposed class action […]
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CrowdStrike says it isn’t to blame for Delta’s flight cancellations after July outage
Travelers wait in line, as a flight board shows delays, on the check-in floor of the Delta Air Lines terminal at Los Angeles International Airport (LAX) on July 23, 2024 in Los Angeles, California. Mario Tama | Getty Images CrowdStrike on Sunday said Delta Air Lines had rejected onsite help during last month’s massive outage […]
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Delta CEO offers employees free flights after CrowdStrike-Microsoft chaos
Ed Bastian, chief executive officer of Delta Air Lines Inc., speaks during a keynote at CES 2020 in Las Vegas, Nevada, U.S., on Tuesday, Jan. 7, 2020. Bridget Bennett | Bloomberg | Getty Images Delta Air Lines CEO Ed Bastian on Friday offered employees two free travel passes to thank staff members who were caught […]
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