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
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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
The cybersecurity firm CrowdStrike experienced a significant decline in shares following a major outage that affected businesses globally. The outage was a result of a defect found in a content update for Windows hosts, causing a multitude of different websites to go down, grounding planes and disrupting TV broadcasts. Shares of CrowdStrike plummeted 15% in
Ford Motor Company recently announced its plans to expand production of its large Super Duty trucks to a Canadian plant, diverting from the original plan of converting the plant into an all-electric vehicle hub. This strategic shift involves investing approximately $3 billion, with $2.3 billion allocated to Ford’s Oakville Assembly Complex in Ontario, Canada. The
The recent reports of the U.S. considering tighter export restrictions have sent shockwaves through the chip stocks in Asia. This news has led to a tech selloff on Wall Street, resulting in a significant drop in the share prices of major chip companies in the region. Taiwan Semiconductor Manufacturing Company, the world’s largest chip supplier,
Recently, it has been reported that GitLab, a cloud-based software development tools provider in the U.S., is considering a sale after receiving acquisition interest. This move has attracted attention from various industry peers, including Datadog, a cloud monitoring firm. This potential sale process, which is being handled by investment bankers, is still in its early
India’s film industry is buzzing with excitement as the sci-fi film Kalki 2898 AD has emerged as the highest-grossing film for the first half of 2024. Starring industry legends like Amitabh Bachchan, Kamal Haasan, and Prabhas, the movie raked in an impressive $92.3M at the local box office. This success has not only brought accolades
Former U.S. President Donald Trump recently made headlines with his statement suggesting that Taiwan should pay the U.S. for defense, citing that the country “doesn’t give us anything.” This statement came amid ongoing tensions between Taiwan and China, with Beijing claiming Taiwan as part of its territory. Trump’s comparison of the U.S. to an insurance
Morgan Stanley recently reported second-quarter earnings that exceeded analysts’ expectations. The company’s profit and revenue outperformed estimates, with earnings coming in at $1.82 per share compared to the estimated $1.65 per share. Revenue also surpassed expectations, reaching $15.02 billion as opposed to the projected $14.3 billion. The bank attributed its success to stronger-than-expected results in
IMAX has recently announced a new partnership with Muvi Cinemas, Saudi Arabia’s largest exhibitor, to open four new IMAX With Laser locations in the country. These new locations will be strategically placed in some of the biggest commercial centers, with two in Riyadh, one in Jeddah’s Mall of Arabia, and the first IMAX system in
Greta Gerwig, known for her exceptional vision and storytelling, has been selected as the recipient of the 2024 Pioneer of the Year Award. This prestigious honor, presented by the Will Rogers Motion Picture Pioneers Foundation, recognizes individuals in the motion picture industry who have shown outstanding leadership, service to the community, and commitment to philanthropy.
The health care insurance sector saw a positive uptick in midday trading, with companies like Humana and UnitedHealth Group gaining around 1% each. The increased likelihood of a Donald Trump victory in the upcoming presidential election has raised hopes of fewer cost pressures in the industry. Wolfe Research has also identified Humana as a potential
Macy’s, a department store giant, recently announced that its board has decided to terminate negotiations with Arkhouse and Brigade, an activist group that was in talks to take the retailer private for $6.9 billion. The reason cited for this decision was the lack of certainty of financing and the failure to deliver compelling value. Despite