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Robert McMillanRobert McMillan writes about computer security, hackers and privacy from The Wall Street Journal’s San Francisco bureau. Previously, he was a writer at Wired, the IDG News Service and Linux Magazine, where he covered cloud computing, business technology, bitcoin, artificial intelligence and open-source software. He was the host of Hack Me if You Can, a three-part podcast profile of the Russian hacker Dmitry Smilyanets, produced by the Journal.

Persons: Robert McMillan Robert McMillan, Dmitry Smilyanets Organizations: San, Wired, IDG News Service, Linux Magazine, Journal Locations: San Francisco

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Persons: Dow Jones Organizations: microsoft

☆ China Hacking Was Undetectable for Some Who Had Less Expensive Microsoft Services
▼ + stars: | 2023-07-13 | by ( Robert Mcmillan | Dustin Volz | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/china-hacking-was-undetectable-for-some-who-had-less-expensive-microsoft-services-58730629

Persons: Dow Jones Organizations: microsoft

☆ AI Junk Is Starting to Pollute the Internet
▼ + stars: | 2023-07-12 | by ( Robert Mcmillan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 9c86ea25

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-government-emails-hacked-in-suspected-chinese-espionage-campaign-f4fa8de6

Persons: Dow Jones

☆ Fine wine is souring as investment prices sink
▼ + stars: | 2023-07-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Fine wine prices have been rising consistently for years, attracting investors looking to hedge against inflation, economic turmoil and stocks. The company currently manages $375 million worth of fine wine assets (that’s a 45% increase year on year). Fine wine has had a compound annual growth rate of 10% over the last 30 years, according to the Liv-Ex investables index, which tracks the going rates for fine wines. Leading the way in losses is Bordeaux, which experienced the largest drop of all fine wine categories in June. That’s a bit worrisome, said Tiwari, as Bordeaux is the most established region in the fine wine investment market and typically maintains its price stability.

Persons: Jay, David Beckham, Stephen Curry, Liv, ”, Atul Tiwari, That’s, Tiwari, SVB, Rob McMillan, “, we’re, LIV Golf, Chris Isidore, Richard Blumenthal, Ron Price, Jimmy Dunne, Sen, ” Dunne, LIV, Clare Duffy, Clare Organizations: CNN Business, Bell, New York CNN, Cult Wines, SEC, First Citizens Bank, “, PGA Tour, Saudi, PGA, Connecticut Democrat, University of Pennsylvania Locations: New York, Bordeaux, London, Silicon, Napa, California, “ California, Saudi, American, Connecticut, Clare

☆ How AI’s astonishing productivity gains could help curb inflation
▼ + stars: | 2023-07-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

Experts say the technology will help address a steep and prolonged slowdown in productivity growth in many Western economies, which has kept businesses’ costs higher than they would otherwise be and made inflation harder to tame. “AI has huge potential to increase productivity,” BlackRock CEO Larry Fink said at the company’s Investor Day last month. Productivity gains in Europe could be similar, albeit slightly smaller, Brynjolfsson told CNN. In some cases, productivity gains could be achieved sooner. That’s because most generative AI tools live on the internet — “the technology we already have on our desks” — making them widely accessible, Brynjolfsson said.

Persons: chatbot, —, Smart, Hannes P Albert, Bill Gates, Larry Fink, Erik Brynjolfsson, ” David McMillan, ” McMillan, Hollie Adams, Neil Shearing, Martin Neil Baily, Anton Korinek, Brynjolfsson, Goldman Sachs, ” Organizations: London CNN, Microsoft, BlackRock, CNN, Stanford University, Organisation for Economic Cooperation, Development, OECD, University of Stirling, Bloomberg, Getty, “, National Statistics, IBM, Capital, Brookings Institute, University of Virginia’s Darden School of Business, America, Productivity, Google, SAP, Goldman Locations: East, Scotland, London, United Kingdom, United States, Europe, Wimbledon

☆ The 'Bitcoin Family' has a special algorithm that tracks moon cycles — and it's helped them gain 50% since the bear market bottom
▼ + stars: | 2023-07-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.

Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, —, I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT

☆ The Supreme Court Has Killed The Promise of Higher Education - The New York Times
▼ + stars: | 2023-07-07 | by ( Tressie Mcmillan Cottom | Jillian Weinberger | ) www.nytimes.com time to read: +4 min

And I study higher education, inequality, the internet, and race, class, and gender — all the fun stuff. The Supreme Court decisions are painting a bigger picture of the American dream as one where the scales have been righted back to the original vision of this nation. What we have done is we have voided the 20th century American dream. That is, who will write the new rules for a forward-facing American dream? I do not see a sense of urgency about writing a version of an American dream that appropriately and accurately diagnoses that we’ve lost something here.

Persons: Tressie McMillan Cottom, Roberts, we’ve Organizations: The New York Times, Brown, Swann Schools, Supreme, Democrat, Republican Locations: ”, Charlotte, Mecklenburg, American

Private payrolls surged far more than expected in June, data showed, suggesting the labor market remained solid despite growing risks of a recession. “We don’t see any softening in the labor market,” said Brad McMillan, chief investment officer for Commonwealth Financial Network. All 11 S&P 500 sectors ended down. U.S. interest rate futures saw an increased probability of another rate hike by the Federal Reserve in November, according to CME's FedWatch. Second-quarter corporate reports will arrive in coming weeks with S&P 500 earnings expected to fall 5.7% from a year-ago, according to Refinitiv data.

Persons: payrolls, ”, Brad McMillan, CME's, Lorie Logan, Lip, judge's, Lewis Krauskopf, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi, Shinjini Ganguli, David Gregorio Our Organizations: Energy, Exxon, Dow, Nasdaq, Reserve, Commonwealth Financial Network, Dow Jones, Microsoft, Apple, Treasury, Federal Reserve, Fed, Dallas, Exxon Mobil Corp, Wealth Management, JetBlue Airways, American Airlines, Spirit Airlines, NYSE, Thomson Locations: U.S, New York, Bengaluru

Private payrolls surged far more than expected in June, data showed, suggesting the labor market remained on solid ground despite growing risks of a recession. “We don’t see any softening in the labor market,” said Brad McMillan, chief investment officer for Commonwealth Financial Network. Treasury yields jumped following the labor market data. The benchmark 10-year yield burst above 4% while the two-year Treasury yield, which typically moves in step with interest rate expectations, hit a 16-year high. U.S. interest rate futures saw an increased probability of another rate hike by the Federal Reserve in November, according to CME's FedWatch.

Persons: payrolls, ”, Brad McMillan, CME's, Lorie Logan, Lip, judge's, Lewis Krauskopf, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi, Shinjini Ganguli, David Gregorio Our Organizations: Energy, Exxon, Reserve, Commonwealth Financial Network, Nasdaq, Dow Jones, Treasury, Federal Reserve, Fed, Dallas, Exxon Mobil Corp, Wealth Management, JetBlue Airways, American Airlines, Spirit Airlines, Thomson Locations: U.S, New York, Bengaluru

☆ People Hire Phone Bots to Torture Telemarketers
▼ + stars: | 2023-06-29 | by ( Robert Mcmillan | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Shopify's midlife crisis: How a surprise pivot away from logistics capped the e-commerce giant's whirlwind year
▼ + stars: | 2023-06-29 | by ( Madeline Stone | Emma Cosgrove | ) www.businessinsider.com time to read: +12 min

But Shopify's logistics acquisitions, which came with around 550 more staff altogether, started to look like dead weight after the shine of the initial announcements wore off. By the beginning of 2023, the attitude toward logistics inside Shopify had shifted to palpable frustration, four people who worked for Shopify's logistics division said. Lance McMillan/Toronto Star via Getty ImagesIndependent of logistics, Shopify saw massive cultural shifts in the past several years. One core tenet of Shopify's work culture is "default to open," meaning it values transparency and sharing information with employees. The letter referred to Shopify's logistics work of the past four years as a "side quest" that distracted the company from its "main quest."

Persons: Shopify, it's, Oppenheimer, Ken Wong, Lance McMillan, crafters, Tobias Lütke, Slack, —, Lütke, Shopify's, I've, Toby Shannan, Morgan Stanley, Jeff Hoffmeister, Bobby Morrison, Allan Leinwand, Kaz Nejatian, Nejatian, Madeline Stone, Emma Cosgrove Organizations: Employees, Amazon, Systems, Kiva Systems, Toronto Star, Getty, miscalculating, Facebook, ecosgrove Locations: Shopify, Ottawa , Ontario, —, Silicon

☆ Opinion | What It Is Like to Teach in the Cross Hairs of Ron DeSantis
▼ + stars: | 2023-06-27 | by ( Tressie Mcmillan Cottom | ) www.nytimes.com time to read: +4 min

It’s important to note that faculty members do not drive the creation of courses in gender studies, ethnic studies and the like. To attract those students, universities have created courses that put disciplinary knowledge in the context of the world they will graduate into. DeSantis’s political posturing against his own universities on the national stage is also the work environment for thousands of university professionals in Florida. I spoke with three professors, a union officer and a campus interfaith leader about university life in Florida. Hartley’s work helping students find ways to talk about what they believe in falls under diversity and inclusion.

Persons: Matt Hartley, “, ”, Hartley’s Organizations: University of North Locations: Florida, University of North Florida, Boston, Palo Alto, Calif

☆ Opinion | Learning About Freedom at a Black Rodeo
▼ + stars: | 2023-06-21 | by ( Tressie Mcmillan Cottom | ) www.nytimes.com time to read: +3 min

Juneteenth commemorates the day in 1865 when enslaved people in Galveston, Texas, were informed of the Civil War’s end and their newfound freedom. The Eight Seconds Juneteenth Rodeo organizers thought a lot about those questions. Jones-Dixon wants Black Portlanders to see a version of themselves in a rodeo that is fun but that also makes them proud. Frederick says there remains a notion among Black Portlanders that the flooding was a convenient excuse for displacing the city’s thriving Black enclave. Having the rodeo near Vanport is a way of saying that this is an event for you, for us.

Persons: Juneteenth, —, Biden, Vince Jones, Dixon, McClellan, Jones, Black Portlanders, Ivan, Lew Frederick, Frederick, ” Organizations: Expo, Oregon, Oregonian Locations: Juneteenth, Galveston , Texas, Portland, Gresham, American, Vanport, Black

☆ Tressie McMillan Cottom on ‘Ted Lasso’ - The New York Times
▼ + stars: | 2023-06-20 | by ( Tressie Mcmillan Cottom | ) www.nytimes.com time to read: +4 min

Opinion America Is Waking Up From a DreamWhen “Ted Lasso” premiered in 2020, it was supposed to rehab masculinity’s brand. “Ted Lasso” asked us to believe that we could rehabilitate American masculinity without rehabilitating the strictures of gender. “Ted Lasso” premiered near the aftermath of Trump’s presidency, with Covid still roaring. Ted asked Rebecca to hire a private detective to spy on his estranged wife and her new boyfriend. The “Ted Lasso” finale is satisfying fan service about the power of friendship, but altogether the uneven third season teaches us a more important lesson.

Persons: topick, “ Ted Lasso ”, Donald Trump’s, Ted, Ted Lasso ”, Keely, Rebecca, Jade, Trump’s, Covid, Ted Lasso, Ronald Reagan, witticisms, Kate Manne, Nate, Trump Organizations: for Disease Control, Prevention, Cornell, CNN, Mother’s, Trump Locations: America, American, British, Britain, U.S

☆ How North Korea’s Hacker Army Stole $3 Billion in Crypto, Funding Nuclear Program
▼ + stars: | 2023-06-11 | by ( Robert Mcmillan | Dustin Volz | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Matt Onofrio quickly made millions as a real-estate influencer. Then he was indicted for bank fraud.
▼ + stars: | 2023-06-04 | by ( Matt Turner | ) www.businessinsider.com time to read: +6 min

That was the verdict a top tech executive shared with me recently, describing the impact he predicted AI would have on the workforce. The unfolding situation has the potential to cast Onofrio as a real-estate confidence man for the influencer age. Also read:Wall Street's new normalPeople walk by a Lamborghini car along Wall Street in Manhattan. In that environment, any fool — or anyone on Wall Street — could buy almost any asset, sit back, and watch its value increase. Wall Street is hoping that — and investing like — we're going back to that era sometime soon.

Persons: Matt Turner, Nicholas Braun, Greg Hirsch, AI's, Lance McMillan, Matt Onofrio, he'd, Spencer Platt, There's, Insider's Linette Lopez, ANDREW CABALLERO, REYNOLDS, OPMs, Spriha Srivastava, OpenAI, Nicole Miranda, Elizabeth Holmes, Hallam Bullock, Bob Bryan, Hana R, Alberts Organizations: Toronto Star, Getty, Lamborghini, Getty Images, Tech Locations: California, Midwest, Manhattan, Washington ,, Florida

☆ Investors relieved after US House votes to suspend debt ceiling
▼ + stars: | 2023-06-01 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Asian markets were trading higher when the bill cleared the house and held their gains. Treasury yields rose marginally. The bill would suspend the federal government's borrowing limit until 2025, allowing the Treasury to sell debt to pay its obligations. Two-year Treasury yields rose 2.7 basis points to 4.417%, while currency markets were broadly steady. Debt ceiling concerns periodically weighed on stock markets over the last week, although most investors expected an 11th-hour agreement.

Persons: Brendan McDermid, Joe Biden's, Ray Attrill, Biden, Brad McMillan, Jarrod Kerr, Caroline Valetkevitch, Kevin Buckland, Rae Wee, Ira Iosebashvili, David Gregorio, Lincoln Organizations: New York Stock Exchange, REUTERS, Investors, U.S . House, Senate, Republican, National Australia Bank, Treasury, White, Commonwealth Financial Network, Thomson Locations: New York City, U.S, Tokyo, Singapore

☆ Investors relieved after US House votes to suspend debt ceiling; focus turns to Senate
▼ + stars: | 2023-05-31 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Persons: Joe Biden's, Ray Attrill, Biden, Brad McMillan, Jarrod Kerr, Caroline Valetkevitch, Kevin Buckland, Rae Wee, Ira Iosebashvili, David Gregorio, Lincoln Organizations: Investors, U.S . House, Senate, Republican, National Australia Bank, Treasury, White, Commonwealth Financial Network, Thomson Locations: U.S, Tokyo, Singapore

☆ Investors await crucial US debt ceiling vote
▼ + stars: | 2023-05-31 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The S&P 500 closed down 0.6% on Wednesday in a decline some analysts pinned partly on remaining uncertainty over the vote. Debt ceiling concerns periodically weighed on stock markets over the last week, although most investors expected an 11th-hour agreement. Investors have viewed the possibility of a U.S. default as an unlikely but potentially catastrophic event for global markets. "Investors do think it's going to pass. McCarthy predicted that the vote, expected around 8:30 p.m. (0030 GMT), would succeed, telling reporters, "It's going to become law."

Persons: Alan B, ”, Brad McMillan, Kevin McCarthy's, Joe Biden's, Quincy Krosby, it's, McCarthy, Caroline Valetkevitch, Ira Iosebashvili, David Gregorio Our Organizations: U.S . House, Lancz, Associates Inc, Commonwealth Financial Network, Treasury, White, House Republicans, Kevin McCarthy's Republicans, Investors, Senate, LPL, Thomson Locations: U.S, “

☆ The reason the stock market has stayed relatively stable amid economic chaos: computer-driven trading
▼ + stars: | 2023-05-29 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Amid a chaotic few months in the US economy, the stock market has remained relatively stable. Quant funds, which use computer models to trade, are helping calm the markets, The Wall Street Journal reported. Yet still, the stock market has remained somewhat calm. That stability is at least in part thanks to quant funds, according to The Wall Street Journal. Quant funds, or quantitative hedge funds, are investment funds that use computer-created algorithms, mathematical models, and artificial intelligence to make stock predictions.

☆ 2 Wendy's superfans had red-dye makeovers to get free chicken nuggets for a year
▼ + stars: | 2023-05-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Two Wendy's superfans won a year's supply of chicken nuggets after dyeing their hair red. The fans are now entitled to a free portion of four-piece chicken nuggets every week. The chain ran a competition for UK fans to dye their hair "Wendy's Red" at a salon in London, offering them a chance to win a free portion of four chicken nuggets a week for a year. As they underwent their makeovers, other redheads queued outside of a Wendy's store in Camden to get their hands on their own portion of free chicken nuggets with their orders. Redheads queued outside a Wendy's store in Camden, north London.

☆ Summer's hottest dress code: Sequins, boots, cowboy hats. Thank you, Taylor Swift
▼ + stars: | 2023-05-27 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +5 min

Or, in other words, the Taylor Swift look. “This has become a wild year already for us because of Taylor Swift,” said Johnson, CEO of Hazel & Olive. Right: Taylor Johnson, founder and CEO of Hazel & Olive, wearing The Eras Sequin Fringe Dress. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee. Altar'd State stores have curated Taylor Swift looks for concert goers.

☆ A Meta Platforms Leak Put Powerful AI in the Hands of Everyone
▼ + stars: | 2023-05-18 | by ( Robert Mcmillan | ) www.wsj.com time to read: 1 min

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