Secretary of the Air Force Frank Kendall has expressed the need for a thorough examination of the plans for the Next Generation Air Dominance (NGAD) platform before any decisions are made regarding its future. The rising costs associated with the potential replacement for the F-22, exceeding $300 million per unit, have raised concerns, particularly when
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A recent global tech outage, linked to a software update by cybersecurity firm CrowdStrike, has impacted nearly 8.5 million Microsoft devices, according to a statement by Microsoft. The update, implemented by CrowdStrike, resulted in widespread system issues that affected various sectors, including air travel, broadcasting, and essential services like healthcare and banking. Although the percentage
When computer screens turned blue on a global scale, the consequences were far-reaching. Flights were grounded, hotel check-ins were impossible, and freight deliveries came to a halt. The initial reaction was to suspect a cyberterrorist attack, but the truth turned out to be a botched software update by the cybersecurity company CrowdStrike. This incident highlighted
The United States Air Force recently announced a deal with Boeing for the supply of E-7 Wedgetail airborne warning and control aircraft. This agreement comes at a crucial time as the Air Force looks to phase out the E-3 Sentry or AWACS aircraft. Despite concerns over Boeing’s internal crisis, the Air Force remains confident in
The recent uptick in money flowing into small-cap stocks may not be solely a result of a rotation from winning growth trades, according to Dave Nadig, an ETF journalist and financial futurist. In fact, Nadig believes that investors are simply diversifying their portfolios by “just buying, buying, buying.” This trend towards diversification is seen as
In the realm of corporate enterprise IT, the frequency of large-scale attacks has been on the rise, posing a significant challenge to companies that invest heavily in cybersecurity defense measures. While the focus has primarily been on malicious attacks orchestrated by hackers, another type of tech threat is gaining momentum – the single-point failure. This
The highly anticipated revamp of Electronic Arts’ college football game, EA Sports College Football 25, has taken the gaming world by storm. With the game officially debuting on Friday, many longtime fans of the series are experiencing a technological leap from a flip phone to an iPhone in terms of gameplay. The revamped features and
As Societe Generale (OTC:SCGLY) strategists issued a warning to growth-focused investors about the possibility of a bubble burst in the US technology sector, they highlighted the significant market capitalization of US Tech within the S&P 500. The banking giant pointed to the recent surge in smaller stocks contrasted with a decline in larger tech companies,
As earnings season gets underway, the tech sector is facing some significant challenges. Over the past week, the S&P 500’s technology sector has experienced a nearly 6% decline, resulting in a loss of around $900 billion in market value. This comes as expectations of interest rate cuts and the upcoming presidential election have caused investors
The recent U.S. plan to utilize Japanese factories in order to ramp up the production of Patriot air defense missiles, essential in protecting against Russian attacks in Ukraine, has hit a roadblock. A critical component shortage, manufactured by Boeing, is causing delays in the expansion of production. The seekers, which guide the missiles in the
Wall Street’s main indexes took a hit recently due to a sell-off driven by tech stocks and mixed earnings reports. The sell-off was further intensified by a global cyber outage that affected CrowdStrike’s shares, causing them to drop to an over two-month low. This incident had a domino effect on tech giant Microsoft as well,
Michelle Mack, the ringleader of a nationwide organized retail crime operation that targeted major retailers such as Ulta Beauty and Sephora, has been sentenced to more than five years in a California state prison. Alongside her husband, Kenneth, she orchestrated a sophisticated operation from their mansion in Bonsall, California, overseeing a network of individuals who
China’s top officials have made it clear that the country will prioritize its own affairs amidst escalating trade tensions. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of focusing on internal matters to ensure the smooth and steady progress of the national economy.
The U.S. stock index futures showed a slight rise in evening deals, indicating a shift away from heavyweight technology stocks. While there was a slight recovery in stock futures, the sentiment remained fragile due to recent underwhelming earnings from Netflix Inc. The uncertainty surrounding U.S. politics, with calls for President Joe Biden to withdraw his