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But this was not a Microsoft issue. Tom ChittyWe're going to talk more about who CrowdStrike are, I think, you know, some people would probably never have heard of CrowdStrike. Lots and lots and lots of global businesses rely on CrowdStrike for their security. I had first seen that and thought it was a Microsoft issue, the reason why Windows crashed on my PC. It was a CrowdStrike issue.
Persons: Tom Chitty, We'll, I've, Arjun Kharpal, you've, Tom Chitty We're, let's, Arjun Kharpal CrowdStrike, George Kurtz, Kharpal, CrowdStrike, they're, it's, they've, Tom Chitty Well, what's, Arjun Kharpal We'd, Iyou, It's, who've, there's, Ciaran Martin, Patrick Anderson, Arjun, Tom, Tom Chitty We'll Organizations: Microsoft, Industries, CNBC, Netflix, NBC, Sky News, Tom Chitty Airlines, Civil Aviation, CrowdStrike, U.S, Board, U.S . Homeland Security Department, Google, National Cybersecurity Center, Anderson Economic Group, CNN Locations: U.S, beyondthevalley@cnbc.com, CNBC's London, London, Europe, China, Russia, Arjun Kharpal China, Moscow, what's, Michigan
Louis Lehot, a Silicon Valley law-firm partner, specializes in taking companies from startup to IPO. The IPO market is expected to pick up later this year, so Business Insider emailed Silicon Valley lawyer Louis Lehot, a partner at Foley & Lardner, for advice on how startups should prepare for life as public companies. Are public market investors generally keen to invest in IPOs, or are they focused elsewhere? Public market investors are selective, focusing on established profitability and sustainable growth over speculative, high-growth stories. What are the key process changes companies need to make ahead of an IPO?
Persons: Louis Lehot, Lehot, , Lardner, Collison Organizations: Service, Foley, Healthcare, Biotech, Green Energy, Enterprise, Street, Investor
Its price target implies more than 30% upside. Analyst Stephen Bersey also slashed his price target for the stock to $302 from $388. The financial firm reiterated its overweight on the technology titan and Magnificent Seven member and increased its price target to $485 from $465. The bank upgraded shares of the doughnut maker to buy from hold, while standing by its target price of $14. The bank upgraded the shoe company to overweight from equal weight and raised its price target to $80 from $60.
Persons: CrowdStrike, Morgan Stanley, Stephen Bersey, Bersey, Lisa Kailai Han, Piper Sandler, Brent Bracelin, Bracelin, — Lisa Kailai Han, Peter Christiansen, Christiansen, Sorabh Daga, McDonald's, Daga, Fred Imbert Organizations: CNBC, HSBC, HSBC downgrades CrowdStrike, Guggenheim, Microsoft, Microsoft Cloud, Citi Locations: CrowdStrike, U.S, Monday's
Republican representatives on Monday called on CrowdStrike CEO George Kurtz to testify in front of the House Committee on Homeland Security, days after the company issued a faulty software update that crashed millions of Microsoft Windows devices. The outage caused disruptions across "key functions" of the global economy, including banking, aviation, health care, emergency services and media, the lawmakers said. Kurtz said Friday that the outage was not a cyberattack or security incident, and CrowdStrike deployed a fix that day. Green and Garbarino asked CrowdStrike to set up a hearing with the Subcommittee on Cybersecurity and Infrastructure Protection by Wednesday at the latest. CrowdStrike and Microsoft did not immediately respond to CNBC's request for comment.
Persons: George Kurtz, Mark Green, Andrew Garbarino, Garbarino, Kurtz, CrowdStrike Organizations: Microsoft Corp, Homeland Security, Microsoft, Protection Locations: New Delhi, India, U.S
All flights were grounded for United Airlines, Delta Air Lines, American Airlines and Allegiant Airlines on Friday. Meanwhile, thousands of companies around the world are struggling with payment processing after the outage brought down systems across a wide range of businesses. Airlines, banks, TV channels and other businesses were disrupted worldwide on Friday following a major computer systems outage linked to an update on an antivirus program. In addition to hospitals, blood donation centers have experienced challenges and are altering blood shipment methods due to flight delays. The Social Security Administration closed its local offices to the public on Friday after the outage shut down numerous services.
Persons: , , Kiah Hampton, Hampton, Jennifer Small, ” Small, Ty Kelley, “ I’m, Miya Haney, Dave DeWalt, George Kurtz, ” Kurtz, Etienne Laurent, Kim Brown, ” Brown, Laura Topete, ” Topete, Ted Wheeler, Kathy Hochul Organizations: CNN, Microsoft, United Airlines, Delta Air Lines, American Airlines, Allegiant Airlines, Airlines, Atlanta’s Hartsfield, Jackson International Airport, ” Spirit Airlines, Shipping, UPS, FedEx, Marriott International, Hilton, McAfee, Infrastructure Security Agency, Delta Airlines, Getty, Kaiser Permanente, Health, Hospital Medical, Epic Systems, US Department of Health, Human Services, York Blood Center, Angeles, Superior Court, Department, , United States Customs, Border Protection, CBP, Social Security Administration, US Department of Justice Locations: United States, Los Angeles, ” New Jersey, Jersey, Philadelphia, Boston, Alaska, Phoenix, New York City, Texas , Tennessee, North Carolina, Georgia, Airlines, Kaiser, San Jose , California, Portland , Oregon, Southern California, San Diego County, Arizona, Maricopa County, New York
Microsoft's cloud services have been restored after suffering an outage, the company said on Friday. The U.S. tech giant said late on Thursday that customers in the Central U.S. region may experience issues with multiple Azure services and its Microsoft 365 suite of apps. Reuters on Friday reported that the Microsoft cloud outage led to some airlines grounding flights. U.S.-based Frontier Airlines said on Friday that its systems were impacted by the Microsoft outage. In January, Microsoft cloud suffered an outage globally that impacted services from Outlook to Teams.
Organizations: Microsoft Times, Microsoft, Reuters, Frontier Airlines Locations: New York City, U.S, Central U.S
Capital One Venture X Business Card† OverviewThe Capital One Venture X Business Card† is a premium card tailored to small businesses. Capital One Venture X Business Card† Fees and Other CostsThe Capital One Venture X Business Card† has a $395 annual fee. The Business Platinum Card® from American Express vs. Capital One Venture X Business Card†The Business Platinum Card® from American Express is another premium business card for travel rewards that competes directly against the Capital One Venture X Business Card†. Capital One Venture X Rewards Credit Card vs. Capital One Venture X Business Card†The Capital One Venture X Rewards Credit Card is virtually identical to the Capital One Venture X Business Card†, except it's tailored for personal use rather than business. The Capital One Venture X Business Card† is a pay-in-full card, while the personal Capital One Venture X Rewards Credit Card is not.
Persons: Cardholders, Miles, It's, LifeMiles, Smiles, Red, Wyndham, you'll, Business †, cardholders Organizations: Business, Venture, Capital, One, TSA, eBay, Aeromexico Club, Air Canada, Air France, KLM, Blue, British Airways Executive Club, Cathay, Emirates, Etihad, Qantas Frequent, TAP Air Portugal Miles, Turkish Airlines Miles, Wyndham Rewards, Venture X Business, Business †, American Express, Adobe, Dell, Chevron, Capital One Venture, Venture X Locations: Cathay Pacific Asia, Singapore
CrowdStrike makes software to help firms manage their security in IT environments. Cybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world. Shares of the company, which makes software to help firms manage their security in IT environments, tanked 14% in U.S. premarket trading. Microsoft , which also reported issues affecting its Azure cloud services and Microsoft 365 suite of apps, fell 2% in premarket trading. Please refresh for updates.
Persons: CrowdStrike Organizations: Microsoft Locations: U.S
Spain National Team plane arriving at Adolfo Suarez Madrid-Barajas airport on July 15, 2024, in Madrid, Spain. Planes have been grounded and TV broadcasters have gone offline as businesses worldwide grapple with an ongoing major IT outage. Earlier on Friday, cybersecurity giant CrowdStrike experienced a major disruption, the company told NBC, following an issue with its latest tech update. Separately, Microsoft cloud services were restored after an outage, the company said on Friday, even as many users continued to report issues. Shares of both companies were losing ground in premarket trading on Friday morning.
Persons: Adolfo Suarez Organizations: Spain National Team, Adolfo Suarez Madrid, Barajas, NBC, Microsoft Locations: Madrid, Spain
The information for the following product(s) has been collected independently by Business Insider: Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card, U.S. Bank Business Triple Cash Rewards World Elite Mastercard®. How to use rewards earned with the BofA Business Advantage Customized Cash Rewards credit cardAt any time, you can redeem rewards earned with the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card as either a statement credit, checks, a direct deposit into your Bank of America account, or credit to an eligible Merill investment account. Bank of America Business Advantage Customized Cash Rewards frequently asked questions (FAQ)Is the Business Advantage Customized Cash Rewards worth it? What credit score do I need to qualify for the Business Advantage Customized Cash Rewards credit card? You need excellent credit to qualify for the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card.
Persons: it's, you've Organizations: Business, Bank of America, . Bank Business, Cash, Mastercard, EV, Bank of America Business, of America, U.S . Bank Business, Rewards, Computer, Consulting, Merrill, Bank, Auto
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMajor global cyber outage hits airlines, banks and media outlets, impacting millionsCybersecurity firm CrowdStrike suffered a major outage on Friday, the company told NBC, impacting businesses globally. Meanwhile, Microsoft's cloud services were restored after they also suffered an outage on the same day. CNBC's Karen Tso and Arjun Kharpal with the latest.
Persons: CrowdStrike, Karen Tso, Arjun Kharpal Organizations: NBC
An update by cybersecurity firm CrowdStrike led to a major outage on Friday, the company told NBC, which impacted businesses globally. CrowdStrike said it is now in the process of rolling back the update that caused the issue. The confirmation came after widespread reports of technical issues across the world. Australian telecom firm Telstra said global issues affecting CrowdStrike and Microsoft were disrupting some of its systems. NBC Universal is also being affected by the CrowdStrike outage.
Persons: CrowdStrike Organizations: NBC, Microsoft, Windows, Airlines, London Stock Exchange, Sky News, CNBC, Comcast, Ryanair, Telstra, NBC Universal Locations: U.S
On Friday, the cybersecurity firm experienced a major disruption following an issue with a software update. CrowdStrike is a cybersecurity vendor that develops software to help companies detect and block hacks. In the case of Friday's outage, machines running Microsoft's Windows operating system crashed due to a fault in the way a software update issued by CrowdStrike interacted with Windows. We approximate impact started around 19:00 UTC on the 18th of July," Microsoft said in an update at 5:40 a.m. Unless Microsoft and CrowdStrike (if they are involved) pull something miraculous out of the bag, this could be painful to recover from."
Persons: George Kurtz, Patrick T, CrowdStrike, , Kurtz, Andy Grayland, They'd Organizations: CrowdStrike Inc, Montgomery Summit, Fallon, Bloomberg, Getty, TV, CNBC, Fortune, Windows, Machines, Microsoft, CrowdStrike, Linux Locations: Santa Monica , California, Texas, U.S
The recent pullback in GOOGL's stock price offers an attractive entry point for investors looking to gain exposure to these high-growth areas. We'll review an options strategy to get long exposure while limiting overall risk. GOOGL has recently pulled back slightly within a strong bullish trend, creating an attractive risk reward to seek long exposure. The trade Options on Alphabet Inc. (GOOGL) are not too cheap or expensive based on their implied volatility. To capitalize on the recent pullback and anticipated continued growth, I bought the August 30 $180/$200 Call Vertical for a $7.70 Debit.
Persons: GOOGL Organizations: Inc, YouTube, GOOGL, CNBC, NBC UNIVERSAL
You can grab some of the best deals of the year on gaming laptops from Alienware, Asus, and MSI. View at AmazonThe best Prime Day Apple MacBook dealsIf you're looking to buy any of Apple's MacBook laptops, now would be the time to do it. Apple's M3 MacBook Air offers the best bang for the buck for most people with fantastic performance and quality. Most people don't need the M3 Pro or M3 Max models, unless you want them for graphically intensive work. For gaming, even though Apple has made great strides in gaming performance, there's realistically only one option — a Windows gaming machine.
Persons: it's, Apple Organizations: Business, Asus, Max, Samsung, HP, Dell, Acer, Google, Amazon, MSI, Apple MacBook, Air, MacBook, Apple, MacBook Air, Intel, AMD, AAA, Amazon Prime
Subsea cables are the backbone of the internet, carrying 99% of the world's data traffic. What are subsea cables? Subsea cables are the backbone of the global internet, carrying 99% of the world's intercontinental data traffic. More recently, U.S. tech giants including Meta, Google, Microsoft, and Amazon have invested significant sums to lay down their own cables. Many international subsea cable projects are reportedly circumventing China today due to concerns over data security and Beijing's expanding geopolitical influence.
Persons: TeleGeometry, Andy Champagne, Joe Vaccaro, Vaccaro Organizations: Photodisc, Getty, Yemen's, U.S, Asia America Gateway, Akamai Labs, CNBC, Cisco, Meta, Google, Microsoft, Amazon, U.S ., Echo, State Department, Wall Street, Submarine Systems, Team Telecom Locations: Yemen's Iran, China, Ireland, Asia, U.S, U.S . West Coast, Singapore, Indonesia, Africa, Europe, Pacific, Estonia, Hong Kong
Investors have been drawn to Microsoft for its early leadership in the fast-growing artificial intelligence space. Year-to-date Microsoft stock is up roughly 24%, compared to the S & P 500's 15% advance. Excitement for Microsoft as an AI play, along with demand for its cloud computing business, show no signs of slowing. Copilot subscriptions Finally, the company can generate a nice recurring revenue stream from Microsoft 365′s Copilot AI add-on. Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.
Persons: Jim Cramer, Copilot, Satya Nadella, Piper Sandler, Jim Cramer's, Jim, Jason Redmond Organizations: Microsoft, Management, Revenue, . Enterprise, Wall Street, CNBC, AFP, Getty Locations: OpenAI, Microsoft's, Redmond , Washington
Retailer traders took Nvidia' s recent sell-off as a buying opportunity, snapping up shares of the dominant artificial intelligence chipmaker amid the volatility. The cohort bought $1.8 billion worth of Nvidia shares over the past week as the Jensen Huang-led company suffered a quick pullback, according to JPMorgan data. JPMorgan estimated that retail investors are up 179% trading Nvidia this year, topping the stock's year-to-date performance. Meanwhile, other megacap tech stocks fared poorly among individual investors last week, JPMorgan said. Advanced Micro Devices saw net sales of $163 million, Microsoft had a net drawdown of $158 million and Tesla $122 million.
Persons: Jensen Huang, Nvidia's Organizations: Nvidia, JPMorgan, Microsoft, Google, Oracle, Meta Locations: U.S
Routing through ChinaChina Telecom, China Mobile and China Unicom have long been in Washington's crosshairs. The FCC denied China Mobile's application to provide telephone service in 2019 and revoked China Telecom and China Unicom's licenses to do the same in 2021 and 2022 respectively. It cited at least nine instances where China Telecom misrouted internet traffic through China, putting it at risk of being intercepted, manipulated or blocked from reaching its intended destination. China Telecom has previously denied the government's allegations and told U.S. agencies that routing problems are common and occur on all networks. China Telecom did not respond to requests for comment about its U.S. based PoPs.
Persons: Peter Parks, Biden, China Unicom, Doug Madory, Bill Woodcock, Alibaba Organizations: HK, China Mobile, Peter, AFP, Getty, China Telecom, Authorities, Commerce Department, China, Commerce, Embassy, Reuters, Washington, Regulators, China China Telecom, FCC, U.S, Justice Department, PoPs Locations: China Mobile, China, Beijing, United States, Washington, crosshairs, U.S
Oracle warns that a TikTok ban would hurt business
  + stars: | 2024-06-24 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
A U.S. ban of TikTok might hurt Oracle 's business, the software company acknowledged in its annual report on Monday. TikTok said Oracle would also be responsible for compiling the app and delivering it to third-party app stores. "The one thing I can tell you is we have an excellent relationship with the folks at TikTok," Oracle CEO Safra Catz said on a 2022 conference call with analysts. Following the bipartisan legislation this year targeted at TikTok, and Biden's signing of the bill mandating its sale, TikTok filed a lawsuit arguing that the law violates First Amendment free speech protections. Oracle's cloud infrastructure revenue for the fiscal year came to $6.9 billion.
Persons: Safra, Oracle, Joe Biden, Donald Trump, Weeks, TikTok, Safra Catz, Frank McCourt, Steven Mnuchin, Oracle hasn't, TikTok didn't, Carnegie's Peter Harrell Organizations: Oracle, Capitol, Palantir Technologies, Oracle Corp, Hamas, Microsoft, U.S . Treasury Department Locations: Washington, Israel, Gaza, U.S, China, TikTok, Texas
Since briefly becoming the world's most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from its peak. Nvidia's decline brought with it a slide in chipmakers and other tech companies that have been tied to the artificial intelligence boom. Super Micro Computer , which sells servers packed with Nvidia's AI chips, slid 8.7 percent, and Dell , which competes in that market, fell 5.2%. Last week, it topped Apple and Microsoft as the most valuable U.S. company with a market capitalization over $3 trillion before giving up some of those gains. Later this year, Nvidia will start shipping its next-generation AI chips, called Blackwell, that some analysts say could kick off another cycle with significant growth for the chipmaker and its partners.
Persons: it's, Stephanie Link, Blackwell, Ray Wang Organizations: Nvidia, Micro Computer, Dell, Qualcomm, Broadcom, Apple, Microsoft, CNBC, Google, Oracle, Meta, Constellation Research Locations: U.S
Nvidia is using the sky-high demand for its chips to its advantage. The company's expansion into cloud services and new hardware has Nvidia competing with its own clients. And Nvidia clients like Amazon want chips so badly they're helping it compete, per The Information. So, to keep itself at the top of the game, Nvidia has diversified its business into the world of cloud service software and rentals. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Nvidia, Service, Business
(Expected AI-driven device upgrades from Apple, Microsoft, and other personal tech makers is the reason we're invested in Best Buy . Microsoft, Apple and fellow Club name Nvidia have all eclipsed $3 trillion market values — and have been wrestling for the top spot as the most valuable U.S. company. META YTD mountain Meta Platforms (META) year-to-date performance Meta Platforms is monetizing consumer interest in AI by boosting user engagement. The Meta AI generative artificial intelligence assistant is currently free to use. AMZN YTD mountain Amazon (AMZN) year-to-performance Comparable to Meta, Amazon offers AI to consumers for free to increase engagement on its dominant e-commerce platform.
Persons: Tim Cook, Siri, Apple, WWDC, Piper Sandler, Jim Cramer, Bard, Missteps, Jim, Jim Cramer's, Eugene Mymrin Organizations: Apple, Apple Intelligence, Developer Conference, Microsoft, Services, Cook, Co, AI Party, Bloomberg, Microsoft's, Computing, Club, Nvidia, Gmail, Google, ChatGPT, Facebook, Citi, Meta, Amazon, Amazon Web Services, CNBC Locations: China, Cupertino, U.S
Apple's new AI is made in Google data centers
  + stars: | 2024-06-14 | by ( Hugh Langley | ) www.businessinsider.com   time to read: +5 min
But Apple and Google had for months been working together behind the scenes, with Google giving Apple access to its data centers to train the iPhone maker's new AI models. For years, Apple has leaned on Google and Amazon's cloud services to store data for its products. For example, when Apple device users do iCloud backups they are often stored in Google's data centers. Most of the impressive features of AI models must be at least partly handled in massive energy-sucking data centers, which companies such as Microsoft, Google and Amazon have spent years building. Bloomberg previously reported that Google and Apple were also in talks to bring Google's Gemini AI to iOS devices.
Persons: , OpenAI, Googlers, It's, Craig Federighi Organizations: Service, Apple, Google, Business, Apple Intelligence, Nvidia, Microsoft, Oracle, Bloomberg
Bank of America reiterates Broadcom as buy Following Broadcom's earnings report, Bank of America said the company has "potential to join the trillionaires club." Morgan Stanley downgrades Corning to equal weight from overweight Morgan Stanley downgraded Corning mainly on valuation. Bank of America reiterates Dell as buy Bank of America said it sees several positive catalysts ahead for Dell. Morgan Stanley reiterates Amazon, Alphabet, Meta, Microsoft and Adobe as overweight Morgan Stanley named several tech stocks that it said are well positioned for AI. " Morgan Stanley reiterates Colgate-Palmolive as a top pick Morgan Stanley said it sees a "pet inflection on the horizon" for Colgate.
Persons: it's, Oppenheimer, Ulta, Jefferies, OpenAI, Bernstein, Goldman Sachs, Goldman, Morgan Stanley, Goodyear, Wolfe, Bill Brown, Morgan Stanley downgrades Corning, TD Cowen, Cowen, KeyBanc, Dell, Clark, Wells, Fortnite, Stephens, Wedbush, Tesla, Elon Musk Organizations: Deutsche Bank, Nike, Bank of America, Broadcom, Citi, Royal, TEAM, Microsoft, OpenAI, Nvidia, Starbucks, Goodyear Tire, Civitas Resources, Netflix, Media Survey, Dell, " Bank of America, underperform Bank of America, Adobe, Colgate, Palmolive, Technology, Barclays, NextEra Energy Partners, NextEra Energy, Boeing, of America Locations: Royal Caribbean, Corning, Texas
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