US stocks tumble as part of global market sell-off
Hedge fund manager Jonathan Honig of Capitalist Pig advises investors to focus on what’s working in the market right now, and it’s not Big Tech. U.S. stock futures fell sharply on Monday as fears of a U.S. recession caused turmoil across global markets. The Dow Jones Industrial Average fell more than 700 points, Nasdaq futures […]
5 lessons learned halfway through the global year of elections
As has been widely reported, 2024 Many electionsBillions of voters are eligible to go to the polls. The election numbers are a stark reminder that elections remain the preferred way societies determine their leaders, and that even authoritarian states feel compelled to hold elections to maintain a semblance of legitimacy. As we approach the middle […]
Delta CEO says global tech outage cost airline $500M
Delta Air Lines CEO Ed Bastian said the recent global technology outage caused the airline to experience widespread flight delays and cancellations, costing the company $500 million. “This cost $500 million,” Bastian said Wednesday on CNBC’s “Squawk Box.” “Over the course of five days, we lost tens of millions of dollars a day in lost […]
Paramount Global receives competing bid of up to $43B from Apex Capital
Investment firm Apex Capital Trust said Wednesday it had submitted a competing proposal to acquire Paramount Global for up to $43 billion in an all-cash deal. Paramount has a 45-day “go-shop” period during which it can secure new deals following its merger deal with David Ellison’s Skydance Media. Paramount and National Amusements did not immediately […]
Microsoft investigates new outages after global CrowdStrike debacle
Microsoft said Tuesday it is investigating outages affecting its 365 Office applications and services following the global CloudSteady disruptions earlier this month. The company said it was experiencing issues with some of its 365 services, preventing customers from using cloud-based apps like Word, PowerPoint and Outlook. “We are currently investigating access issues and performance degradation […]
Delta to seek compensation from Microsoft, CrowdStrike over global outage
Delta Air Lines has hired a law firm to seek compensation from Microsoft and CrowdStrike over the global cyber outage that disrupted air travel around the world earlier this month. CNBC reported: Monday. The Atlanta-based airline has been the slowest of any major U.S. airline to recover after a technical outage that caused the cancellation […]
Paris exhibition celebrates global spread of surrealism | Paris
ohOne hundred years ago, in a tiny one-room apartment in Paris’s Bohemian district, a former medical student turned writer attempted to define Surrealism once and for all. In his Surrealist Manifesto, André Breton called for a new kind of art and literature driven by the unconscious, “the expression of thought free from the control of […]
OpenAI CEO Sam Altman Wants American to Lead ‘Global Coalition’ on AI
In a recent op-ed, OpenAI CEO Sam Altman warned that the United States must lead a global coalition of democracies to manage the development of artificial intelligence, or risk allowing authoritarian regimes like Russia and China to monopolize the technology and shape a less free future. in An editorial was published of The Washington Post, […]
CrowdStrike offers $10 apology gift cards after global tech outage
(News Nation) — CrowdstrikeIt was first reported that the cybersecurity firm that crashed millions of computers around the world last week is offering its partners $10 Uber Eats gift cards as an apology. Industry magazine TechCrunch. in Email posted on social media platform XCrowdStrike reportedly said it was aware of the “additional work” that was […]
CrowdStrike sends $10 Uber Eats gift cards as apology for global IT meltdown: report
CrowdStrike will reportedly offer customers $10 Uber Eats gift cards as an apology for the disastrous software update that caused a global tech meltdown last week. On Friday, a CrowdStrike glitch caused millions of computers running the Microsoft Windows operating system to experience a “blue screen of death,” rendering them unable to boot. CrowdStrike is […]