Tag: Business
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Next week brings major risks for the stock market, just as the AI trade keeps faltering
The latest group of megacap earnings, a Federal Reserve meeting and a key inflation report are all on deck.
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Senator says planned Meta commercial terms update could harm US businesses
WASHINGTON, Oct 23 : US Senator Marsha Blackburn, a Tennessee Republican, on Friday raised concerns about Facebook parent Meta Platforms’ plan to update its commercial terms, saying it could harm businesses and creators.Blackburn, who is chair of the Senate Judiciary Subcommittee on Privacy, Technology and t
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Safety company acknowledges hack seven months after breach exposed millions of crime tips
WASHINGTON, Oct 23 : Safety company Navigate360 on Friday acknowledged hackers had broken into one of its systems and copied months’ worth of data, seven months after a widely publicized breach exposed millions of crime tips. In a statement, Navigate360 said names, addresses, dates of birth, Social Security
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AT&T, T-Mobile tighten AI guardrails as autonomous networks remain years away
Oct 23 : Telecom giants AT&T and T-Mobile are investing to safeguard customer data and network infrastructure from new cybersecurity threats as AI integration ramps up, though fully autonomous networks remain years away, company executives told Reuters.As AI agents automate workflows and data analysis, with
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PwC confirms cybersecurity incident involving employee learning records
Oct 23 : PwC on Friday said it was aware of a cybersecurity incident involving a third-party vendor used to host company employee learning records, the day after a cyber extortion group claimed to have stolen 590 gigabytes of company data.• A PwC global spokesperson said “the affected site does not house cl
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US telecom operators wobble after report SpaceX in talks for cell sites
Oct 23 : US telecom stocks declined on Friday after a report that SpaceX was seeking thousands of cell sites for a fourth wireless carrier, fueling concerns over fresh competition.Elon Musk’s rocket and space technology company was in talks to access at least 80,000 cell sites to build its wireless carrier f
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Stocks mixed, day after AI-related selloff; oil prices rise again
NEW YORK/LONDON, Oct 23 : Stock indexes were mixed on Friday, with tech shares edging higher after the previous day’s selloff, while Brent crude oil rose to its highest in more than five months after Houthi attacks in Saudi Arabia.The Nasdaq was up 0.2 per cent after starting the day lower, while the Dow was
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Wells Fargo, Intuit latest companies to object to their shares being tokenized, document shows
WASHINGTON, Oct 23 : Six more companies, including Wells Fargo, Arm Holdings and Intuit, will not allow their shares to be tokenized on a joint trading platform backed by crypto exchange OKX and Intercontinental Exchange, according to a regulatory document seen by Reuters. The new objections, which have not
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South African presidency website temporarily offline after PHP warning
JOHANNESBURG, Oct 23 : South Africa’s presidency temporarily took its website offline following a PHP warning, presidential spokesperson Vincent Magwenya told Reuters on Friday, adding there was no indication of a security breach.”While such warnings do not indicate a security breach, they can affect the norm
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Data center spending to more than double to $2.1 trillion by 2028, BofA says
(Corrects to add attribution in headline)Oct 23 : Global data center spending is expected to hit $1 trillion in 2026 and more than double to $2.1 trillion by 2028, BofA Global Research estimated in a note on Friday, driven by growing demand for and development of AI services.Data center spending has b
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