CrowdStrike explains bug that caused global tech meltdown
CrowdStrike’s flawed software update that caused a global computer meltdown last week was sent because a bug caused the company’s quality control system to miss the flawed data, the cybersecurity giant acknowledged on Wednesday. Last Friday, airlines, hospitals, banks and a variety of other businesses were crippled as a result of a disastrous software update […]
Most Asian Stocks Fall After Big Tech Disappoints: Markets Wrap – Yahoo Finance
(Bloomberg) — Most Asian stocks fell, following a sell-off on Wall Street after the “Magnificent Seven” giants got off to a weak start with earnings reports. Most read articles on Bloomberg Stock indexes in Japan, Hong Kong and mainland China all fell, while South Korea’s index alternated between rises and falls. U.S. stocks fell on […]
S&P 500 climbs for best day since early June as Nvidia shares lead tech turnaround – NBC News
of S&P 500 Stock indexes suffered their worst weekly drop since April but hit their highest close since June 5 on Monday as technology shares rebounded. The benchmark rose 1.08% to close at 5,564.41, its highest since June 5. Nasdaq Composite Index It rose 1.58% to close at 18,007.57. Dow Jones Industrial Average It rose […]
Tech stocks recover, boosting overall market
Shares of several major technology companies recovered on Monday after suffering big losses last week. Tesla rose 5.2% as of the market close on Monday, Nvidia rose 4.8%, Facebook and Instagram parent Meta rose 2.2%, Google parent Alphabet rose 2.2%, and Microsoft rose 1.3%. Amazon and Apple were the only Magnificent Seven stocks to fall […]
Executive Spoke in June About Single Point of Failure in Tech
CrowdStrike recently became the very “single point of failure” that company executives warned about just weeks before a devastating software update that took down Microsoft Windows-powered computers around the world, crippling everything from airlines to banks. PC Mug Reports On July 19, 2024, the cybersecurity world experienced a moment of irony when CrowdStrike, a prominent […]
FBI Broke into Trump Attacker’s Phone with Unreleased Tech from Cellebrite
The FBI has reportedly used advanced, undisclosed technology from digital intelligence firm CellBright to access the cellphone of Thomas Matthew Crooks, the man identified as the suspect in the recent attack on former President Donald Trump. Bloomberg Reports Following the mass shooting at a rally in Bethel Park, Pennsylvania, in which former President Donald Trump […]
Worldwide Tech Outage Grounds Flights, Leaving Travelers Stranded
US cybersecurity firm CrowdStrike released a flawed software update for Microsoft Windows-based computers on Friday, causing flight suspensions and major problems at airports around the world. JFK and LaGuardia airports were hit by a massive internet outage Stuck, New York Post report. “Microsoft said the root cause of the global outage had been resolved as […]
Dem Gov Signs Bill Putting Brakes On Green Energy Tech Being Pushed By Biden Admin
Democratic Illinois Gov. J.B. Pritzker signed legislation into law on Thursday regulating new carbon capture sequestration (CCS) projects in the state. The law, commonly referred to as the Safe CCS Act, places a two-year moratorium on the construction of carbon dioxide pipelines until either July 2026 or until the Federal Pipeline and Hazardous Materials Safety […]
A Wake-Up Call for Woke Tech Giants
Microsoft recently suffered a massive global outage due to an update recently pushed by cybersecurity firm CrowdStrike, sending a major wake-up call for the tech industry with its focus on DEI. The widespread outages of Microsoft services, the closure of banks and retail stores around the world, and the grounding of flights, did not occur […]
Real estate stocks gain as traders look for alternatives to tech stocks (NYSEARCA:XLRE) – Seeking Alpha
Esch Collection/Digital Vision via Getty Images Real estate stocks rose this week as the market priced in a near-certain Federal Reserve interest rate cut in September and traders began moving out of tech stocks into other assets, including defensive and value sectors. Small cap stocks. Meanwhile, the assassination attempt has increased the odds that former […]