Middle East Oil Giants Grapple With Cyberattacks

As the global oil and gas markets are recovering from the steep sell-off last Monday, threats in the market are not just linked to demand-supply concerns. Cybersecurity specialists reported this week that hackers managed to get access to a large amount of data from Saudi oil giant Aramco. The company has confirmed that around 1TB of (confidential) data was stolen from its servers. According to AP sources, the data has been put on offer on the darknet for a price of $50 million. It is at… Source link

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U.S Mortgage Rates Fall again as COVID-19 Delivers Yet More Uncertainty

Mortgage rates fell for the 9th time in 13-weeks and for a fourth straight week in the week ending 22nd July Following a 2 basis points decline from the previous week, 30-year fixed rates decreased by 10 basis points to 2.78%. Since 21st April, 30-year mortgage rates had risen just once beyond the 3% mark before the current pullback. Compared to this time last year, 30-year fixed rates were down by 23 basis points. 30-year fixed rates were still down by 216 basis points since November 2018’s… Source link

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Tesla’s FSD Could Alone Be Worth Much More Than The EV Giant’s Current Market Cap In a Decade: Analyst

Tesla, Inc. (NASDAQ: TSLA) recently launched the subscription option for full self-driving. Loup Ventures Managing Partner Gene Munster offered his take on what this means for the company. FSD Can Move The Financial Needle: The subscription option can accelerate FSD adoption, given the cost shifts from $10,000 upfront to $200 per month, or $99 for cars that already have advanced Autopilot, Munster said in the note. This, according to the analyst, is an important step along the long-term path… Source link

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Yandex N.V. (YNDX), RYB Education Inc. (RYB) – BOV News

GOLDMAN SACHS ASSET MANAGEMENT I bought a fresh place in Yandex N.V. (NASDAQ:YNDX). The institutional investor bought 1.2 million shares of the stock in a transaction took place on 7/08/2021. In another most recent transaction, which held on 6/30/2021, NORDEA INVESTMENT MANAGEMENT AB bought approximately 134.1 thousand shares of Yandex N.V. In a separate transaction which took place on 5/31/2021, the institutional investor, EAST CAPITAL FINANCIAL SERVICES bought 113.1 thousand shares… Source link

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Stock Bulls Look Toward $17 Trillion Burning a Hole in Pockets

(Bloomberg) — In the stock market, the refusal of retail investors to back down from every macro threat has become the only story. When will it end? Judging by the size of all the pools of cash lying around, it could be a while. Among all the economic stories of the pandemic, the one about money piling up in people’s accounts has been the most significant in the stock market, where the S&P 500 just notched its seventh gain in nine weeks. Money market accounts, viewed in some circles as a… Source link

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Bitcoin and Ethereum On Bullish Streak Heading To Upper End Of Range

What Happened: Bitcoin (CRYPTO: BTC) is trading higher over multiple days, coming off a July 21 low of 29296.39 to a peak of over 34,000 Saturday July 24, a move of over 15%. Meanwhile, Ethereum (CRYPTO: ETH) is bouncing off a low of 1717.17 on Wednesday to a peak of over 2180 at the time of publication, up over 25% in four days. Why It’s Important: The two leading cryptocurrencies have been range bound since a major correction earlier this year. Bitcoin set an all-time high of 64900 on April… Source link

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China Bans For-Profit School Tutoring in Sweeping Overhaul

(Bloomberg) — China unveiled a sweeping overhaul of its $100 billion education tech sector, banning companies that teach the school curriculum from making profits, raising capital or going public. Beijing on Saturday published a plethora of regulations that together threaten to up-end the sector and jeopardize billions of dollars in foreign investment. Companies that teach school subjects can no longer accept overseas investment, which could include capital from the offshore registered… Source link

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‘Tired’ San Francisco bars weigh COVID-19 vaccine proof as cases jump

As the country grapples with an increase in COVID-19 cases and hospitalizations stemming from the Delta variant, businesses are working hard to reopen safely, and stay that way. In some cases, that has led to decisions about requiring proof of vaccinations. In San Francisco, conversations are swirling about how bars might soon start carding all patrons — but for proof of vaccination status instead of legal drinking age.  “We’ve had a huge number of staff coming down with COVID,” Ben… Source link

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USWNT beats New Zealand 6-1

TOKYO — The United States women’s national team delivered a performance a little more befitting of, well, the United State women’s soccer team here Saturday night, defeating an outclassed New Zealand squad 6-1. This was the kind of onslaught the Americans wanted considering it came three days after they were uncharacteristically blown out 3-0 by Sweden in their Olympic opener. The victory almost assures the U.S. will move onto the quarterfinals, which begin next week. In what is just a… Source link

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