Tag Archives: hit

(Bloomberg) — The world’s biggest meat supplier has become the latest casualty of a cybersecurity attack, posing a fresh threat to global food security already rattled by the Covid-19 pandemic. JBS SA shut its North American and Australian computer networks after an organized assault on Sunday on some of its servers, the company said by email. Without commenting on operations at its plants, JBS said the incident may delay certain transactions with customers and suppliers. The attack… Source link

Workers filing for new unemployment benefits fell to a new pandemic-era low in the latest week, hitting their lowest levels in more than a year as the labor market continued to heal from the worst days of the COVID-19 outbreak.  The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics expected from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended May 15: 444,000 vs. 450,000… Source link

Google has been fined just over €100 million (~$123M) by Italy’s antitrust watchdog for abuse of a dominant market position. The case relates to Android Auto, a modified version of Google’s mobile OS intended for in-car use, and specifically to how Google restricted access to the platform to an electric car charging app, called JuicePass, made by energy company Enel X Italia. Android Auto lets motorists directly access a selection of relevant apps (like maps and music streaming… Source link

As investor interest in cryptocurrency spikes, bitcoin could rise to $1 million over the next five years, one expert told Yahoo Finance Live. “Bitcoin is going to $1 million a coin,” CoinDesk Learn Editor Ollie Leech said. “I actually believe that it will, at some stage, with just the scarcity aspect alone, it makes it an incredibly exciting asset to hold… Bitcoin is uncontested.” The timing of bitcoin crossing $1 million is the big question. Leech says the next bitcoin halving — a… Source link

Amazon (AMZN) shares reached a record intraday high after reporting first-quarter results and guidance that blew past expectations.  Shares of the e-commerce giant jumped as much as 2.4% to reach as high as 3,553.39 Friday morning in New York. The stock lost steam in afternoon trading, however, and ultimately ended lower by 0.1% to 3,467.42, or short of a record closing high.  The surge came after the company posted yet another quarter of ballooning sales and earnings, easily exceeding… Source link

TipRanks 3 “Strong Buy” Stocks Under $10 That Are Poised to Take Off COVID is receding, and markets are rising; those are the two trends that investors have most on their minds right now. It’s entirely sensible that they’ll go together. As the economy reopens, money will begin to circulate faster – and find its way in the equity market. With economic conditions improving, investors are on the lookout for the best returns in an expansionary environment. One natural place for them to… Source link

A jury on Tuesday found ex-Minneapolis police officer Derek Chauvin guilty of two counts of murder for the killing George Floyd, an unarmed Black man whose death sparked nationwide Black Lives Matters protests. The jury, after 10 hours of deliberation, found Chauvin guilty of second-degree murder, third-degree murder, and manslaughter for the killing of Floyd on May 25, 2020. Business owners around Minneapolis, where the trial was held, have been on edge over the last year, with heightened… Source link

Crypto exchange Coinbase (COIN) set records Wednesday with the largest-ever direct listing as the company saw its valuation nearly hit $100 billion as shares opened for trading on the Nasdaq at $381. But one analyst tells Yahoo Finance shares could still have about 60% to climb to hit $600. MoffettNathanson analyst Lisa Ellis explained her thesis on Yahoo Finance Live shortly before Coinbase shares began trading, calling the stock a “must-own” for any longer term growth investor.  “We are… Source link

Google Drive and cloud-based apps such as Google Docs experienced a partial outage for about three hours on Monday, leading to high latency and other issues for some users, the company reported. The Google Drive cloud storage service—and associated cloud apps including Google Docs and Google Sheets—suffered multiple service issues during the partial outage Monday morning, Eastern Time, Google said. [Related: More Google Woes: Gmail Issues Strike ‘Significant Subset’ Of… Source link