The recent update issue at cybersecurity firm CrowdStrike caused a major outage that resulted in significant disruptions for businesses worldwide. The outage was attributed to a defect in a single content update for Windows hosts, affecting the functionality of CrowdStrike’s Falcon Sensor product. As a result, various websites experienced downtime, planes were grounded, and TV
A nationwide organized retail crime operation targeting major retailers such as Ulta Beauty and Sephora has been brought to justice. Michelle Mack, the ringleader of the operation, along with her husband, Kenneth, faced a California state judge who sentenced them to more than five years in prison. This comes after they pleaded guilty to conspiracy
Top Chinese officials have reiterated their commitment to focusing on domestic affairs in the face of escalating trade tensions. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, highlighted the importance of ensuring the stable and healthy development of the real estate market, accelerating growth in emerging
Following underwhelming earnings from Netflix Inc, U.S. stock index futures saw a slight rise in evening deals on Thursday. The market sentiment remained fragile due to uncertainty over U.S. politics, with growing calls for President Joe Biden to withdraw his reelection bid. Despite these factors, a broad rotation out of heavyweight technology stocks appeared to
The reboot of the 1996 Michael Crichton co-scripted Amblin feature, Twisters, is making waves at the box office. With $7M in preview money from fan Imax/PLF showtimes and previews, the film is off to a strong start. Initial forecasts projected an opening of $50M+, but the movie’s performance in the heartland could push it to
Chinese consumer spending has failed to respond to government measures despite slowing household deposits and slashed interest rates by banks. According to data from the People’s Bank of China, Chinese households added 9.27 trillion yuan ($1.3 trillion) in new deposits in the first half of the year, with a significant decrease of 22% in June
Trading in U.S. chip stocks has been volatile recently, with the Philadelphia semiconductor index managing to close higher after a significant tumble on Wednesday. The market saw a rollercoaster ride with contributions from heavyweights like Nvidia and Broadcom. The market was hit hard by reports of the United States considering tighter curbs on exports of
D.R. Horton saw its shares surge over 12% in midday trading following the release of its fiscal third-quarter results that exceeded Wall Street expectations. The homebuilder reported earnings of $4.10 per share on revenue of $9.97 billion, outperforming the anticipated $3.75 per share on revenue of $9.61 billion. Additionally, the company announced a $4 billion
Tokyo-based Kino Films has recently announced a groundbreaking deal with Lionsgate and GK Films to distribute the highly anticipated Michael Jackson biopic, titled “Michael,” in Japan. This partnership is set to bring the film to Japanese audiences in 2025, while Lionsgate handles the domestic release and Universal takes care of international distribution. The exciting news
Billionaire investor Ken Griffin, known for his role as founder and CEO of hedge fund Citadel, made headlines recently with his purchase of a late-Jurassic stegosaurus skeleton for a whopping $44.6 million at a Sotheby’s auction. The skeleton, named “Apex,” is estimated to be around 150 million years old, standing at 11 feet tall and