Tag: Business
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Abbott investigates two separate cyber incidents, says no operations affected
July 17 : Abbott Laboratories is investigating two cyber incidents involving unauthorized access to some internal systems at its cancer diagnostics business and its LabCentral portal, the company said on Friday, adding that its operations were not affected.No other businesses, sites or systems were impacted b
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GameStop owns nearly 10% of eBay, SEC filing shows
July 17 : Videogame retailer GameStop owns nearly 10 per cent of e-commerce company eBay, the company said in a regulatory filing late on Friday, signaling its intent to push ahead with plans to buy eBay even after its unsolicited offer was rejected.GameStop said it owns 43.4 million outstanding shares of eBa
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Federal employees can download TikTok on government devices, DOJ says
WASHINGTON, July 17 : The U.S. Justice Department said on Friday that federal employees can now download the short-video app TikTok on government devices.A 2022 law banned federal employees from using the app on government devices, citing national security concerns, but a department opinion released on Friday
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Leather jacket worn by Nvidia CEO goes for just under $1 million at Sotheby’s auction
The high price for the garment is a sign that collectors are looking to bid on artifacts and collectibles from the artificial intelligence boom.
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Meta, Anthropic in talks for potential $10 billion compute lease deal, source says
July 17 : Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth up to $10 billion over two years, according to a source familiar with the matter. Shares of the social media giant pared losses slightly after the news and closed down more than 2 per cent amid…
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Trump Media pitched $100,000 monthly fee for fastest feed of US president’s posts, sources say
NEW YORK, July 17 : Donald Trump’s social media company has discussed charging Wall Street traders and investment firms as much as $100,000 a month for faster access to the U.S. president’s posts on his Truth Social platform, according to people familiar with the matter.Trump Media & Technology Group, which
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Clover Health says employee accounts accessed in cyber incident
July 17 : Clover Health Investments said in a regulatory filing on Friday that it detected unusual login activity on some of its information systems on July 4 and later found a hacker had gained access to three employee accounts through social engineering.• The health insurer said the affected accounts belo
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Chip stock pullback sparks worries about AI rally strength, leveraged trades
July 17 : A brutal week for chip stocks — the same names that fueled this year’s blistering market rally — has left investors from Seoul to Silicon Valley asking whether the AI boom became over-leveraged and got ahead of itself.Investors from Asia to Europe pulled back from AI-exposed stocks and so-called
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Dollar holds steady on safe-haven demand, ends down on the week
NEW YORK, July 17 : The dollar was flat on Friday, but ended the week lower as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal Reserve. Iran and the United States exchanged intensifying fire in a week-long escalation that has largely unravelled last month’s truce, s
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Musk’s SpaceX in talks to supply the Pentagon with computing power, WSJ reports
July 17 : Elon Musk’s SpaceX is in talks to provide the U.S. Department of Defense with access to data center capacity worth billions of dollars to run AI models, the Wall Street Journal reported on Friday, citing people familiar with the matter.Such an agreement would extend the Pentagon’s existing relation
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