The upcoming CPI data is predicted to keep the Federal Reserve from making any interest rate hikes. If everything goes according to expectations, bond yields will continue to decrease, fueling the end-of-year equity rally theory. Bank of America’s latest forecast suggests that most investors anticipate the 2024 investment playbook to revolve around a Federal Reserve …
By Catalina Makhmudova Petrenko Updated Oct. 16, 2023 11:20 am ET Key Takeaways The FCC fines Dish Network for irresponsible activity in space. Mismanagement of space debris and collisions can harm the environment. The technology and communications sector needs to improve waste management. Dish Network has agreed to pay a $150,000 fine to the U.S. …
With the $28 billion acquisition of Splunk by network-equipment giant Cisco Systems, Splunk and Cisco aim to develop AI-driven cybersecurity monitoring tools for real-time detection of hacking threats, enabling businesses to prevent cyberattacks from damaging corporate networks. Splunk, a 20-year-old technology company that has not yet turned a profit, has been pursuing this goal and …
Dragos, a leading cybersecurity company, has raised an impressive $74 million in an extension to its original Series D funding round, which took place in October 2021. With a focus on defending industrial technology environments like water utilities and power-grid operators, Dragos provides specialized cybersecurity software. The extension round was led by venture-capital firm WestCap …
The Biden administration has emphasized the importance of strong security standards in open-source software development during a two-day summit attended by technology companies, banks, and industry groups. Anne Neuberger, deputy national security adviser for cyber and emerging technology, stated that the administration wants companies to expand their use of software bill of materials, which provide …
In a cyberattack incident, the claims agent responsible for bankruptcy cases involving Genesis Global Holdco, FTX, and BlockFi, revealed that it had fallen victim to a data breach. As a result, the personal data of hundreds of claimants may have been compromised. Kroll, a business-services company, reported that hackers conducted a SIM-swapping attack on T-Mobile …
Text size – + Nvidia shares had more than tripled in value this year so far going into Wednesday’s earnings report. Photo by Justin Sullivan/Getty Images Nvidia shares surged to a record high in intraday trading as analysts welcomed results showing the artificial-intelligence boom is still powering its growth. Nvidia (ticker: NVDA) stock was up …
Text size Evergrande has long symbolized China’s sprawling and distressed property sector. Getty Images Evergrande has filed for bankruptcy protection in the U.S. nearly two years after its descent into distress triggered a crisis across China’s property sector. More risks, beyond developers, are brewing in the world’s second-largest economy. Evergrande filed for Chapter 15 bankruptcy …
A trio of cybersecurity companies has announced plans to lay off hundreds of employees, sparking concerns about the industry’s future amidst changing economic conditions. These recent layoffs follow similar announcements from other cybersecurity firms, signaling that the once-thriving industry is now facing challenges. Despite the perception of cybersecurity companies being immune to economic turbulence, the …
In the effort to combat climate change, the Biden administration is urging carmakers to transition to electric vehicles. However, the National Institute of Standards and Technology (NIST), the main U.S. agency for technology and competition, is emphasizing the need for cybersecurity guidelines in the EV industry to protect against both domestic and international hacking. The …