Business leaders in sectors ranging from tech to insurance committed billions of dollars to beefing up cybersecurity efforts at a White House meeting Wednesday. The meeting comes in the wake of several high-profile cyberattacks, including on government software contractor SolarWinds and oil pipeline Colonial Pipeline, that have brought added urgency to such security issues. The commitments range from working toward new industry standards to supplying other businesses with stronger security… Source link

In this article, we discuss the stocks that Michael Burry is betting against and selling. If you want to skip our detailed analysis of these stocks, go directly to Michael Burry is Betting Against Cathie Wood’s Fund, Tesla and Selling These 2 Other Stocks. Michael Burry, the investor who rocketed to fame on Wall Street by betting against the housing bubble that led to the financial meltdown in 2009, recently revealed another bearish bet against perhaps the most successful exchange traded fund… Source link

The Delta variant of the coronavirus has shown to be more contagious than previous versions, particularly for the unvaccinated, and that’s creating a level of risk for children that didn’t arise in 2020. “Children are getting hospitalized at higher rates than we’ve ever seen,” Dr. Mona Amin, a board-certified physician, said on Yahoo Finance Live (video above). “And yes, we do see that most children who are hospitalized are children of unvaccinated parents. But as this Delta variant… Source link

Dick’s Sporting Goods (DKS) is riding a great deal of momentum into the all-important holiday shopping season.  And there is more behind it than a second quarter that included stimulus checks to many U.S. households.  Investors could boil the company’s much-better-than-expected quarter on Wednesday to several factors: 1) more outdoor-minded athletes have been formed during the pandemic; 2) Dick’s stores are becoming better places to shop amid investments in upgraded shopper experiences; and… Source link

The company logo is displayed at the Samsung news conference at the Consumer Electronics Show (CES) in Las Vegas January 7, 2013. REUTERS/Rick Wilking/File Photo Aug 25 (Reuters) – Google will tap Samsung Electronics Co Ltd (005930.KS) to supply the 5G modem for its next flagship Pixel smart phone, sources familiar with the matter told Reuters, signaling the first win for the Korean firm in a U.S. market dominated by Qualcomm Inc (QCOM.O). Earlier this month, Google disclosed that it has… Source link

New weekly jobless claims are expected to hover near their lowest level since March 2020, underscoring the sustained improvement in the labor market despite ongoing concerns over the Delta variant and worker shortages.  The Labor Department is set to release its weekly jobless claims report on Thursday at 8:30 a.m. ET. Here are the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended August 21: 350,000 expected… Source link

Former long-time Cisco CEO John Chambers has done business in China for decades, dealing with corporate leaders and government officials. The various dealings were always tough, acknowledges Chambers, but importantly there was a certain predictability to them and a focus on win-win outcomes.  But that predictability has evaporated as the Chinese government cracks down on the business operations of Didi (DIDI) and other big tech players in the country, says Chambers.  As a result of this new… Source link

The complete lockdown of Vietnam, a key apparel exporting country, due to spiking COVID-19 infections could be about to wreak havoc on shoppers. “Vietnam is completely locked right now, it will be locked another either one week or two weeks, and hopefully, then it will be unlocked, and we will air it in and try to get it in as quickly as possible. But in categories like dresses, we have a lot on order and some of our bottoms are on order from Vietnam and we’re starting to break sizes and… Source link

Billionaire “Bond King” Jeffrey Gundlach says the stimulus and the Federal Reserve’s low interest rates have “been a very deep punch bowl spiked pretty heavily with 100-proof liquor,” and “once this party ends, the hangover is going to be in the form of a sharp drop in economic growth.” Gundlach, the founder and CEO of $137 billion DoubleLine Capital, explained that the economic picture in the U.S. is “very hard to divine” because of the government’s intervention. “It’s like pushing on like a… Source link

Google Docs, getting smarter. Igor Golovniov/SOPA Images/LightRocket via Getty Images Google is… Source link