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Bangladesh army enforces curfew as students-led protests spiral
  + stars: | 2024-07-20 | by ( ) www.cnbc.com   time to read: +3 min
Bangladesh students vowed on July 18 to continue nationwide protests against civil service hiring rules, rebuffing an olive branch from Prime Minister Sheikh Hasina who pledged justice for seven killed in the demonstrations. Bangladesh soldiers patrolled the deserted streets of the capital Dhaka on Saturday during a curfew meant to quell deadly students-led protests against government job quotas that have killed at least 105 people this week. In addition to the deaths, the clashes have injured thousands, according to data from hospitals across Bangladesh. With the death toll climbing and police unable to contain the protests, Hasina's government imposed the national curfew and deployed the military. Those venturing out on the streets had their identification cards inspected by army personnel at different check points, TV footage showed.
Persons: Sheikh Hasina, Hasina, Tarique Rahman, Nahid Islam Organizations: Overseas, Dhaka Medical College Hospital, Supreme, AFP, Bangladesh Nationalist Party . Police Locations: Dhaka, Bangladesh, Pakistan, Narsingdi, Spain, Brazil
A widespread IT outage linked to a CrowdStrike update hit global operations on Friday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe world has been hit by one of the most widespread tech outages in history. The Friday outage, linked to cyber security firm CrowdStrike, affected operations around the world and has been compared to Y2K. "I don't think it's too early to call it: this will be the largest IT outage in history."
Persons: , Troy Hunt Organizations: Service, Business Locations: Australian
A Tech Outage Caused Disruptions Worldwide
  + stars: | 2024-07-19 | by ( Matthew Cullen | ) www.nytimes.com   time to read: 1 min
A flawed software update sent out by a cybersecurity company caused a global technology outage today, affecting millions of computers. Airlines were forced to ground flights, 911 lines went down, banks reported glitches and hospitals had to cancel surgeries. Many companies recovered during the day, but other issues persisted with no clear end in sight. The chaos all stemmed from a software update sent by CrowdStrike, which is based in Austin, Texas. When the new code reached computers that run Microsoft Windows software, the machines began to crash.
Persons: Kate Conger, Kate Organizations: Airlines, Microsoft Locations: Austin , Texas
The global CrowdStrike IT outage is affecting countless industries, including healthcare. Some major US hospitals are struggling to access systems containing crucial patient records. The outage has led some health centers to cancel non-urgent surgeries and procedures. AdvertisementMajor hospital systems across the US are seeing effects on patient care in the wake of the mass CrowdStrike IT outage Friday. Some health centers are struggling to access patients' digital records, including information vital to patient care, such as medical history and recent medications they've taken, and others are canceling non-emergency surgeries and procedures.
Persons: Organizations: Service, Business
Read previewA massive IT outage disrupted the global economy after CrowdStrike, the cybersecurity giant, issued a faulty update. This story is available exclusively to Business Insider subscribers. Cybersecurity experts said that auto-updates typically help companies react quickly to global threats. Izrael said Armis itself doesn't use auto-updates and instead has people on call to review and roll out updates. Whether this outage will prompt cybersecurity companies to reevaluate their approach to auto-updates isn't yet clear.
Persons: , CrowdStrike, I've, Nadir Izrael, Izrael, it's, Andrius Minkevičius Organizations: Service, Microsoft, Business
A major global IT outage is disrupting flights, retailers, and media outlets among other businesses. It emerged after Microsoft reported problems with its online services. Here are photos showing the effects of the huge IT outage worldwide. AdvertisementMajor airlines, banks, hospitals, and retailers are experiencing widespread disruptions linked to an IT outage after Microsoft reported problems with its online services, linked to an issue at cybersecurity firm CrowdStrike. Here are photos showing how the outage is affecting people and businesses worldwide.
Persons: Organizations: Microsoft, Service
Emergency call systems in at least three states were hit by the widespread CrowdStrike technology outage, although most major U.S. cities avoided problems overnight. In Oregon, some 911 centers, hospitals, airports, and public safety and emergency management agencies had major effects, said Erin Zysett, a spokeswoman for the Oregon Department of Emergency Management. teams are working very fast to apply the fixes that CrowdStrike has provided, and those impacts are being mitigated quickly,” she said, adding that statewide alert systems and public safety incident tracking systems were mostly unaffected. Emergency dispatchers in Portland, Ore., were forced to work without the help of crucial computer systems for several hours and had to work “manually,” Mila Mimica, a city spokeswoman, said in a statement. As of 6 a.m., however, the computer systems were back to working normally.
Persons: Erin Zysett, , ” Mila Mimica Organizations: Oregon Department of Emergency Management Locations: U.S, Oregon, Portland ,
An outage has hit computers around the world, affecting airlines, hospitals, retailers and other businesses. Microsoft’s cloud service status page indicated the company had identified a preliminary cause. Some users may still be unable to access certain Microsoft 365 apps and services, including Teams video conferencing. The company was aware of the issue “affecting a subset of customers,” a Microsoft representative said in a statement. “We’re aware of an issue affecting Windows devices due to an update from a third-party software platform,” according to the representative.
Persons: , Organizations: Microsoft Locations: United States
CrowdStrike is well-known in the cybersecurity industry, but until today, I don't think anyone was aware of its dominance as a platform on Windows. However, CrowdStrike might have evidence to suggest that this is a freak accident, so I don't think it's fair to point fingers too much. I don't think that's realistic. I don't think anyone really understood the true scope and presence of CrowdStrike before today. I don't think technology is intrinsically good or evil; it depends on how it's used and regulated.
Persons: , Ahmed Al Sharif, Al Sharif, I've, Al Sharif's, I'm, It's, You'll, CrowdStrike, it's Organizations: Service, EA, Meta, Business, Barcelona International, London Heathrow, El, Airport Locations: Barcelona, London
For millions of people, the global technology outage on Friday was a source of distress. But for a small group of corporate workers, the global outage brought a welcome kind of chaos: a snow day in the middle of July. Some workers affected by the outage shared images of their computers on social media captioned “happy international blue screen day,” referencing the error messages that overtook screens during the outage. On TikTok, users posted about clocking in only to find “the blue screen of death” (or hoping they would, for an extra day off). JPMorgan, Bank of America and BlackRock were among the large financial firms affected.
Persons: Ferris Organizations: Hospitals, Fortune, JPMorgan, Bank of America, BlackRock Locations: cubicles
CNN —The highly infectious polio virus has been found in sewage samples in Gaza, putting thousands of Palestinians at risk of contracting a disease that can cause paralysis. Gaza’s Ministry of Health and the World Health Organization (WHO) both said they had carried out tests and found samples of the virus in sewage water. “Poliovirus type 2 (VDPV2) had been identified at six locations in sewage samples collected on 23 June from Khan Younis and Deir al Balah,” WHO said Friday. The Palestinian Ministry of Health in Gaza called for practices to improve hygiene and safety. Meanwhile, hospitals in central Gaza said more than 20 people were killed after two Israeli air strikes on houses in the Nuseirat area.
Persons: Khan Younis, Deir al Balah, Tedros Adhanom Ghebreyesus, ” Tedros Organizations: CNN, Ministry of Health, World Health Organization, WHO, United Nations, UNICEF, Hamas, Palestinian Ministry of Health, Israel Defense Forces Locations: Gaza
UNH 1M mountain UnitedHealth stock over the past month. Think Centene , Molina Healthcare , UnitedHealth and Humana , among others. Managed-care companies historically buck the broader trend of health stocks and outperform in the first year after an election, according to Raymond James. Unlike UnitedHealth, shares have fallen — down 3% — since the June debate. Raymond James sees Oscar Health , HCA Healthcare and Tenet Healthcare as beneficiaries of a victory by the left.
Persons: Raymond James, Chris Meekins, Donald Trump, Joe Biden, quieted, Biden, Meekins, Centene, Trump, Bernstein, Jefferies, David Windley, UnitedHealth, Ben Hendrix, Optum, John Ransom, Piper Sandler, Ransom, Lance Wilkes, Oscar, — Ransom, Oscar's Organizations: Affordable, Trump, UnitedHealth, Republican, Biden, GOP, Federal Trade Commission, Department of Justice, ACA, Medicare, Molina Healthcare, RBC Capital Markets, CVS Health, RBC Capital, DOJ, Humana, Healthcare, GoodRx Holdings, Democratic, Oscar Health, Tenet Healthcare, Aetna Locations: Molina, UnitedHealth, U.S, Thursday's, Florida, Texas
Plug Power – Shares of the green energy company plummeted 13%, on pace for its fourth-straight losing year. Comerica – Shares tumbled nearly 11% after the bank posted second-quarter financial results that reflected a decrease in net interest income from the prior-year quarter. American Express posted revenue of $16.33 billion, which is below the $16.59 billion expected from analysts polled by LSEG. In terms of earnings, the company posted $3.49 per share on an adjusted basis for the period, which is higher than the $3.24 per share analysts expected. The company posted $5.83 billion in revenue, missing the $5.95 billion analysts polled by FactSet were expecting.
Persons: FactSet, Curtis Farmer, LSEG, SLB, W.R, Morgan Stanley, Halliburton –, Huntington Bancshares, Huntington, CNBC's Hakyung Kim, Pia Singh Organizations: Microsoft, SentinelOne, Palo Alto Networks, Comerica –, Bloomberg News, American Express, LSEG, LSEG . Revenue, Arm Holdings, Halliburton Locations: Palo, Berkley
Read previewA mass IT outage has hit flights, banks, retailers, and media outlets around the world. Here are some of the companies and operations affected. AdvertisementAirlinesAirlines, including United, Delta, American, and Allegiant, have all grounded flights due to the mass outage. Related stories"KLM and other airlines and airports have been affected by a global computer outage, making flight handling impossible. AdvertisementGrocery store chain Woolworths told BI that some stores had "been impacted as a result of the global IT issue."
Persons: , We're Organizations: Service, Microsoft, Business, Advertisement Airlines Airlines, American Airlines, BBC, Frontier Airlines, Ryanair, KLM, Alaska State Troopers, Airports Major, Gatwick, NHS, Reuters, Media, News Sky, London, Exchange, London Stock, London Stock Exchange, Retailers, Bloomberg, McDonald's, Woolworths Locations: United, Delta, State, Alaska, Heathrow, Gatwick, Luton, Northern, McDonald's Japan
New York CNN —Stocks are soaring this year, but that could soon change as election chaos takes the market on a rollercoaster ride. But this has been a destabilizing week for US stocks and the market trajectory could be shifting. The Dow was down more than 430 points, or 1%, in the morning trading session on Friday as the tech outage continued to rattle investors. Former President Donald Trump, meanwhile, said in an interview with Bloomberg that Taiwan should pay for its own defense. The bright sideInvestors have been largely resilient this year and some financial bigwigs say the election won’t change that.
Persons: Donald Trump, Joe Biden, Dow, , , , Jim Reid, Biden, they’re, Scott Wren, Wells, Jerome Powell, Liz Young Thomas, Russell, Young Thomas, ” Trump, CrowdStrike, JPMorgan Chase, Jeremy Barnum, isn’t Organizations: New, New York CNN, Investors, Big Tech, Nasdaq, Deutsche Bank, Democratic, , Treasury, Fed, Tech, Bloomberg, Taiwan Semiconductor Manufacturing, Nvidia, Microsoft, Meta, JPMorgan Locations: New York, Iran, Israel, Wells Fargo, , China, Taiwan
This story is available exclusively to Business Insider subscribers. In addition to weight loss, drinking water can help improve your skin, prevent joint pain, and even improve cognitive function, Business Insider previously reported. AdvertisementHer improved physical health has also benefited her mental healthChelsea and Jimmy at the "Love Is Blind" season six reunion. NetflixDespite maintaining a sense of humor about going viral on "Love Is Blind," Blackwell spoke out at the "Love Is Blind" reunion and on social media about the mental toll of being trolled online for months while the season aired. Blackwell said improving her physical health has had a positive impact on her mental health.
Persons: , Chelsea Blackwell, she'd, Megan Fox, Blackwell, Stanley, she's, Jimmy Presnell, Rajnish, Jimmy, Presnell Organizations: Service, Business, Perfect, Metropolitan, Chelsea, Netflix
Crowdstrike shares dropped as much as 20% in premarket trade on Friday after an IT outage caused chaos. Microsoft shares also fell as issues with the firm's services disrupted airports and emergency services. AdvertisementCrowdstrike's stock price plunged Friday as a massive IT outage caused global chaos. Elsewhere, Microsoft's stock also looked set to drop on Friday, falling by as much as 3% in premarket trade. AdvertisementIn a post on X, CrowdStrike CEO George Kurtz said the company is "actively working with customers impacted by a defect found in a single content update for Windows hosts.
Persons: , George Kurtz Organizations: Microsoft, Service, London Stock Exchange, Windows, Linux, Business
What We Know About the Global Outage
  + stars: | 2024-07-19 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com   time to read: 1 min
Across the world, critical businesses and services including airlines, hospitals, train networks and TV stations, are being disrupted by a global tech outage affecting Microsoft users. In many countries, flights have been grounded, workers couldn’t access their systems and, in some cases, customers haven’t been able to make card payments in stores. A series outages rippled across the globe as information displays, login systems and broadcasting networks went dark. The problem affecting the majority of services was caused by a flawed update by CrowdStrike, an American cybersecurity firm, whose systems are designed to protect users from hackers. Microsoft said on Friday that it was aware of an issue affecting machines running “CrowdStrike Falcon.”
Persons: haven’t, Organizations: Microsoft Locations: American
US stocks were mixed on Friday amid a global tech outage sparked by Crowdstrike's cybersecurity platform. Investors are paying close attention to second-quarter earnings results, which could make or break the year-to-date rally in stocks. AdvertisementUS stocks saw mixed trades on Friday amid a global tech outage sparked by an update from cyber security firm Crowdstrike. The Crowdstrike update contained a bug that led to widespread disruption for computers running Microsoft's Windows operating system. The deluge of earnings results will help inform investors if rising profits can sustain the strong year-to-date rally in stock prices.
Persons: Crowdstrike's, , Crowdstrike Organizations: Service, Microsoft, Investors, Nasdaq, Netflix Locations: Fundstrat, Here's
Patients were told by hospitals and health care providers across the United States on Friday morning that a global technology outage had downed some information technology systems, resulting in canceled surgeries and other procedures, though hospitals emphasized that emergency departments remained open. Some major hospital systems were affected, including the Kaiser Permanente medical system, which runs dozens of hospitals and hundreds of medical offices in the western United States and elsewhere in the country. Kaiser Permanente activated its national command center around 7:30 a.m. Eastern to address “widespread” effects of the outage on its system, said Steve Shivinsky, a spokesman for the health provider. The outage was affecting “all of our hospitals,” said Mr. Shivinsky, who called the situation “unprecedented.”Banner Health, a large system based in Phoenix that operates hospitals and health care centers in six states, said that it closed clinics, urgent care centers and other outpatient facilities on Friday morning, but that hospitals would remain open for inpatient care and medical emergencies.
Persons: Steve Shivinsky, , Shivinsky Organizations: Kaiser Permanente, Permanente Locations: United States, Banner, Phoenix
Why Apple doesn't suffer outages like this
  + stars: | 2024-07-19 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +1 min
Windows devices suffered a global outage, but Mac and Linux remain unaffected, CrowdStrike said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhile Windows users suffered from a global IT outage, Mac owners weren't affected by the defect responsible. Many businesses have been held up by the "blue screen of death" on their Microsoft devices since early Friday morning, but it's business as usual for Mac users, according to CrowdStrike CEO George Kurtz.
Persons: CrowdStrike, , George Kurtz Organizations: Linux, Service, Microsoft, Mac, Business
When it comes to tax-free municipal bonds, investors who are comfortable with taking more risk are seeing attractive returns. High-yield municipal bonds – issues that are rated below BBB by Standard & Poor's – have greater default risk than their investment-grade counterparts. Muni bonds provide tax-free income on a federal basis – and on a state basis if the investor resides in the same state as the issuer. High-yield muni bond funds have seen estimated net flows of $6.76 billion in 2024 as of June 30, according to Morningstar. Before you step in Investors looking at high-yield muni bonds, be it individual issues or the funds, ought to consider their risk appetite and their goals.
Persons: Morningstar, Beth Foos, munis, you've, Matthew Norton, Norton, Mathew Kiselak, that's, Kiselak, Morningstar's Organizations: Standard, Bank of America . Investment, muni, Morningstar, SEC Locations: corporates
Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Costco : While Costco gets nearly 7% of its sales from China, Jim said it's unlikely its business would be threatened by geopolitics given the company's popularity in the country. Constellation Brands : There's no doubt that the Modelo and Corona parent is a less attractive stock under Trump compared with Biden. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, Donald Trump, Abbott's, Reckitt Benckiser, we're, there's, it's, Biden, Dupont, Trump, Walt Disney, Nelson Peltz, Jim said, Estee Lauder, Eaton, Honeywell's, Washington that's, Eli Lilly, Roche, Eli Lilly's, Lilly, Sen, J.D, Vance of, Morgan Stanley, ChatGPT, chipmaker, Laxman Narasimhan, Stanley Black, Decker, rightsizing, Wells, Wynn, he's, Jim Cramer, Brendan McDermid Organizations: Jim Cramer's Charitable Trust, CNBC, Trump, Abbott Laboratories, AMD, Broadcom, VMWare, Costco, Coterra Energy, White, Bloomberg, Federal, Motors, Ford, GE Healthcare, Big Tech, Honeywell, Air Products, Linde, Meta, Microsoft, Investors, OpenAI, Republican, Palo Alto Networks, Palo, Procter & Gamble, Biden, Constellation Brands, Modelo, The, TJX, Wynn Resorts, Club, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: China, Dover, U.S, Washington, Vance of Ohio, Meta, Taiwan, Israel, Gaza, Corona, Wells Fargo, Macau, New York City
Hong Kong CNN —More than a dozen Chinese companies face legal action for allegedly asking job applicants to take pregnancy tests, state media has reported. Chinese law bans employers from administering pregnancy tests or discriminating against pregnant workers. In Nantong, authorities were tipped off by an online public litigation group, which said some employers in the city had given pregnancy tests to job seekers. Demographic crisisChina’s population has shrunk for two years in a row and its birth rate in 2023 was the lowest since the founding of the People’s Republic in 1949. Alarmed by the falling birth rate in recent years, the government scrapped the “one child” policy that was in place for 35 years.
Organizations: Hong Kong CNN, Prosecutors, Employers, CNN, Population Research Locations: China, Hong Kong, Nantong, Jiangsu, People’s Republic, India
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSeveral Chinese companies have been accused of introducing a controversial and illegal new step to their recruitment process: Pregnancy tests. "We can speculate from this evidence that the pregnancy tests were required by these companies, and it had violated women's rights to equal work opportunities," the prosecutors said, according to SCMP. As CNN and SCMP reported, Chinese companies can be fined up to 50,000 yuan, or around $6,900, for gender discrimination. It said that after China scrapped its one-child policy several years ago, the majority of women surveyed by various Chinese companies and women's groups said they had been subjected to discrimination.
Persons: , Prosecutors, SCMP, Chen, Huang Organizations: Service, Prosecutors, CNN, South China Morning, Business, Human Rights Watch Locations: Nantong, Jiangsu, China
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