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 …
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 …
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 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 …
Some businesses are exercising caution before signing up for a long-awaited new data agreement between the U.S. and the European Union. They want to determine if the benefits of the agreement outweigh the potential risks. After three years of negotiations, the EU granted final approval in July to a new deal that permits companies to …
Honeywell International announced on Monday that it has reached an agreement to acquire Scadafence, an Israeli company that specializes in operational-technology and Internet-of-Things cybersecurity solutions for monitoring large-scale networks. This acquisition strengthens Honeywell’s cybersecurity portfolio. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis, and insights from WSJ’s global team of reporters and editors. Honeywell acknowledges …