The recent global IT outage caused by a major disruption linked to a tech update by cybersecurity giant CrowdStrike has sent shockwaves across various sectors, with airlines bearing a significant brunt of the impact. Organizations, including Microsoft, were left scrambling to restore apps and services, leading to flight cancellations, delays, and services being unavailable on
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As Donald Trump prepares to deliver his presidential nomination acceptance speech at the Republican National Convention, reports suggest that he plans to avoid mentioning President Joe Biden by name. This decision marks a significant departure from Trump’s usual tactic of openly attacking his political opponents with derogatory language and nicknames. Instead, Trump intends to refer
The recent movements in the stock market have brought attention to the concept of a rotation trade, where market laggards such as small caps begin to outperform while mega-cap tech stocks falter. This shift has sparked optimism among some investors, with hopes for further gains in the S & P 500 as the market broadens.
The upcoming 2020 election has many investors wondering about the future of defense stocks. Historically, a GOP sweep has led to strong gains for the defense sector. However, according to Wells Fargo analyst Matthew Akers, the outcome may not be the same this time around. In previous scenarios where there was a single party in
A federal judge in Florida made headlines on Monday by dismissing the criminal classified documents case against former President Donald Trump and two co-defendants. The ruling was based on the appointment of special counsel Jack Smith as prosecutor, violating the appointments clause of the U.S. Constitution. Judge Aileen Cannon, who was appointed by Trump himself,
Elon Musk made headlines recently when he took to social media to declare his full endorsement of former President Donald Trump. This surprising announcement came moments after Trump was rushed off stage at a rally in Pennsylvania due to gunshots being fired. In his endorsement post, Musk expressed his well wishes for Trump’s speedy recovery,
When Brandon Fishman decided to run a discount on his vitamin-infused coffee for Target’s weeklong deals event, he never anticipated the detrimental impact it would have on his Amazon sales. Despite being the owner of the VitaCup brand, Fishman lost the buy box to a reseller of his coffee products, resulting in a significant decline
SpaceX’s Falcon 9 rocket recently experienced an inflight failure during the “Starlink Group 9-3” mission, which was launched from California’s Vandenberg Space Force Base. The rocket’s upper second stage failed to reignite its engine as planned, causing it to be destroyed. SpaceX CEO Elon Musk confirmed the incident and mentioned that the engine failure was
The National Football League is contemplating the possibility of permitting minority private equity ownership for its 32 teams, up to 10%, as revealed by Commissioner Roger Goodell during an exclusive CNBC interview. This potential change in ownership structure aims to adapt to the evolving landscape of sports and ensure that the league’s policies remain relevant
A bipartisan group of senators, led by Sen. Josh Hawley, R-Mo., has taken a stand against members of Congress profiting from trading stock. This renewed effort aims to prevent lawmakers from using insider information for personal financial gain. The proposal is a significant step in the ongoing saga of implementing regulations to restrict lawmakers’ stock