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☆ Bitfinex hacker sentenced to five years in prison for bitcoin money laundering scheme
▼ + stars: | 2024-11-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced Thursday to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto. The value of that bitcoin at the time of the Bitfinex cyberattack was just $70 million when it was stolen by Ilya Lichtenstein. Lichtenstein, 35, and his wife, Heather Rhiannon Morgan, pleaded guilty to money laundering conspiracy in federal court in Washington, D.C., in August 2023, about 18 months after their arrest. It was at that plea hearing that Lichtenstein first publicly admitted that he had been the hacker of Bitfinex. With credit for good behavior, which is standard in the federal penal system, Lichtenstein could be released from prison in less than two years.

Persons: cyberattack, Ilya Lichtenstein, Lichtenstein, Heather Rhiannon Morgan, Morgan Organizations: Washington , D.C Locations: Washington ,, Washington

☆ The 'Trump trades' that also give you income as you wait for policies to come to fruition
▼ + stars: | 2024-11-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In addition, analysts had to predict further gains ahead — the stocks have at least 1% upside to the average price target, according to FactSet. Bank of America is among those on Wall Street that think the banks' move since Election Day has not been excessive. Citizens gained 30% from Election Day 2016 through the end of that year and jumped 14% on Wednesday. It added nearly 4% the day after the election and gained 18% from Election Day 2016 through the end of that year. Halliburton, which yields 2.3%, has the largest potential upside ahead — nearly 32% to the average price target.

Persons: Donald Trump, Jeremy Siegel, Ebrahim Poonawala, Trump, Piper Sandler, Mark Fitzgibbon, Keith Horowitz, Halliburton, Jeff Miller Organizations: Dow Jones, Wharton School, CNBC, Bank of America, UST, Trump, Regional Banking, Citizens Financial, Fifth Third Bancorp, Citizens, Fifth, Citigroup, Citi, Marathon Petroleum, Halliburton Locations: Gulf of Mexico

☆ Palau, U.S. security ally in Pacific, holds presidential election as China looks on
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SYDNEY, Australia — The Pacific Island nation of Palau, important to the U.S. military amid tensions with China, and among a dozen allies of Taiwan, holds a national election for president on Tuesday. The U.S. military is constructing an over-the-horizon radar on Palau, scheduled to be completed in 2026. To counter the fall in Chinese tourist arrivals, Palau has opened direct flights to Japan and Australia, with support from those governments. Tax reform has emerged as an election issue, with Remengesau’s campaign arguing that big business is not paying enough, and pledging tax incentives for small businesses. During the election campaign, Remengesau said that Palau needs to “ensure that foreign influences do not overshadow our identity or compromise our independence.”His campaign did not respond to questions on which foreign influence he was referring to.

Persons: Surangel Whipps, Tommy Remengesau, Whipps, Surangel, Whipps ’, Remengesau, ” Organizations: Free Association, Washington, U.S, Palau Media Council, Island Times, Co, Patriot, Senate Locations: SYDNEY, Australia, Palau, China, Taiwan, U.S, Philippines, Guam, The U.S, Beijing, Japan

☆ Elon Musk cancels X town hall event minutes after it started following yet another round of technical problems
▼ + stars: | 2024-11-04 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

But the event on X ended just a few minutes after it started, when Musk encountered technical difficulties. The X Spaces event Musk started immediately following the town hall, lasted one minute and appeared to have no audio. He also said he would not restart his Q&A and encouraged followers to listen to his Rogan interview instead. The Monday night town hall marks just the latest election-related event that Musk attempted to host on X that was plagued by technical difficulties. An August interview between Musk and Trump that was streamed on X was delayed by more than 40 minutes because of glitches.

Persons: CNN — Elon Musk, Donald Trump, Musk, Joe Rogan, “, Trump, we’re, ”, ” Musk, Rogan, Ron DeSantis ’ Organizations: CNN, Trump, Florida Gov

“I have a plan and strategy,” Ivan Raiklin, a former Green Beret and political operative who has close ties to associates of Trump, told a group of Pennsylvania activists earlier this month. Four years ago, Trump’s unsuccessful efforts to overturn his loss to President Joe Biden didn’t truly materialize until after the election. Brian Snyder/ReutersBut this time around, MAGA activists have been planning to undermine a potential Harris victory well in advance of the election, with some even arguing that state legislators should simply ignore the election results and award electoral votes to Trump by default. “Those looking to overturn the election are way ahead of where they were in 2020,” said Harris. Trump himself has echoed some of the conspiracy theories pushed by his supporters, suggesting that election fraud is rampant in 2024.

Persons: Donald Trump’s, –, Kamala Harris, “, Ivan Raiklin, Trump, Ford Fischer, News2Share, Harris, Joe Biden didn’t, Brian Snyder, MAGA, ” Marc Harris, CNN he’s, ”, Emerald Robinson, ” Patrick Byrne, Greg Locke, Kamala, ” Locke, ” Joe Hoft, Steve Bannon, They’ve, Jamie Raskin, Axios, Raskin, Marjorie Taylor Greene, ” Greene, ” Lara Trump, ” Karoline Leavitt, Andy Harris, Hurricane Helene, disenfranchise, Mike Pence, Raiklin, Mark Finchem, ” Noel Fritsch, ” Fritsch, Fritsch, Karen Brinson Bell, Derek Muller, “ It’s, ” Muller, there’s, Michael Flynn, Flynn, Donald Trump, Andrew Caballero, Reynolds, Donald ”, denialism, Devin Burghart, Pastor Mark Burns of, ” Burns, Burns Organizations: CNN, Green Beret, Trump, Freedom, Reuters, Department of Homeland Security, Federal Bureau of Intelligence, Capitol, Democratic, Democratic Maryland Rep, GOP Georgia, Capitol Police, Republican National Committee, Team Trump, RNC, White, Caucus, Republican, University of Notre Dame, Washington DC, Getty, Colorado’s Department of Public Safety, Property, Global, Institute for Research, Human Rights, America Locations: America, Greeley , Pennsylvania, Tennessee, United States of America, North Carolina, Hurricane, Arizona, Florida, Raiklin, Washington, AFP, Pastor Mark Burns of South Carolina, United States

☆ We were operating in manual mode for 'nearly two months', says Clorox CEO on cyberattack
▼ + stars: | 2024-10-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe were operating in manual mode for 'nearly two months', says Clorox CEO on cyberattackClorox Chair and CEO Linda Rendle joins 'Closing Bell Overtime' to talk quarterly results, consumer trends, and more.

Persons: Linda Rendle

☆ Clorox CEO describes comeback process after massive cyberattack
▼ + stars: | 2024-10-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Thursday interview with CNBC's Jim Cramer, Clorox CEO Linda Rendle detailed how her company managed to recover after a cyberattack last year disrupted production and seriously hurt business. Rendle discussed the serious nature of the attack, saying the company was "operating in manual mode for nearly two months" and added that Clorox lost about a third of its distribution and market share. Its cat litter brand, Fresh Step, was hit particularly hard as cat owners who switched brands due to shortages were reluctant to switch back. But Rendle said the cat litter business has been on the rebound, regaining much of its lost market share, but admitted that "we have a lot more work to do in that category." She also expressed gratitude towards retailers who worked with Clorox during that time and added that these partnerships are stronger coming out of the attack.

Persons: CNBC's Jim Cramer, Linda Rendle, Rendle, Clorox Organizations: Clorox

☆ Fired Disney employee allegedly hacked into company system to change allergy info on menus
▼ + stars: | 2024-10-30 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

CNN —A fired Disney employee allegedly hacked into the company’s servers to alter its restaurant menus, including falsifying allergen information and printing profane language, according to a federal criminal complaint filed in Florida. Disney identified and removed all altered menus before they were shipped to restaurants, according to the complaint. Michael Scheuer, who worked as a menu production manager for Disney, was fired in June for misconduct, according to the complaint. Scheuer allegedly hacked into Disney’s menu creation servers multiple times to manipulate and disrupt the menus, such as changing prices and adding profane language. Disney printed the altered QR codes but identified and removed them before shipping to any restaurants, according to the complaint.

Persons: David Haas, Michael Scheuer, Scheuer, Disney, Haas, ” Scheuer, “ Disney, ” Haas Organizations: CNN, Disney, Court, Middle, Middle District of, 404 Media, US, Office Locations: Florida, Middle District, Middle District of Florida, Israel

Trump's team had asked Chutkan to compel prosecutors in special counsel Jack Smith's office to provide them with additional evidence, including "all information" about foreign interference and influence efforts in the 2020 election. It's part of the Trump team's attempt to present Trump's concerns about mass voter fraud — which were roundly rejected by independent arbiters and courts — as "reasonable" and grounded in reality. Judge Tanya Chutkan pushed back on Trump's claims on Wednesday in an order that rejected all but three of his 14 categories of requests for additional evidence. Trump's state of mind is essential to the case, and Smith's team has alleged that Trump "knew" his election lies "were false." The Supreme Court gutted part of Smith's case over the summer with its ruling on presidential immunity, but the case against Trump is — very slowly — churning towards a potential trial.

Persons: WASHINGTON, Donald Trump, Tanya Chutkan, Chutkan, Jack Smith's, Trump, Trump’s, of National Intelligence John Ratcliffe, Mark Milley, Chris Miller, Mike Pence, Pence, Merrick Garland, Smith's, Trump “, Joe Biden’s, Steven Cheung, Witch Hunt Organizations: Capitol, Trump, Biden Administration, of National Intelligence Locations: Black, Detroit, United States, Trump's

☆ UnitedHealth forecasts 2025 profit below Street estimates, shares fall
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: +2 min

UnitedHealth Group provided a 2025 profit forecast below Wall Street estimates on Tuesday, saying it expects pressure across its government-supported health insurance businesses, and its shares fell 9%. The largest U.S. health insurer forecast a profit of as much as $30 per share. UnitedHealth's third-quarter medical costs also exceeded Wall Street estimates as the insurer paid out more due to persistently high demand for healthcare services while receiving lower reimbursements on government-backed plans. The company also trimmed the higher end of its 2024 adjusted profit forecast by 25 cents to $27.75 per share. Despite the rise in medical costs, UnitedHealth beat Wall Street estimates for adjusted profit by 15 cents due to increased memberships across its businesses.

Persons: Andrew, UnitedHealth Organizations: UnitedHealth, Medicare, CVS Health, Wall Locations: United States

☆ Stocks making the biggest moves midday: ASML, UnitedHealth, Walgreens Boots Alliance and more
▼ + stars: | 2024-10-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: UnitedHealth — Shares plunged 7.2% after the health-care giant lowered its earnings guidance due to ongoing headwinds from a cyberattack earlier in the year. Walgreens Boots Alliance — The stock soared 11.9% following the drugstore chain's fiscal fourth-quarter earnings and revenue beat. Enphase Energy — Shares slid 6.8% on the back of a downgrade to sector perform from outperform by RBC Capital Markets. Johnson & Johnson — The health-care conglomerate gained 1.6% after posting quarterly results that exceeded expectations on the back of strong sales of oncology drugs. Energy stocks — Energy stocks declined as oil prices dropped about 5% , with the sector last down more than 2%.

Persons: UnitedHealth, ASML, Johnson, LSEG, Halliburton, Coty, Charles Schwab —, Yun Li, Alex Harring, Hakyung Kim, Michelle Fox, Pia Singh, Sarah Min Organizations: Walgreens, Alliance, Nvidia, Devices, Broadcom, Apollo, Bank of America, Enphase Energy, RBC Capital Markets, Energy, — Energy, APA, Diamondback Energy, Occidental Petroleum, Valero Energy, U.S, Citigroup —, PNC Financial, Boeing Locations: North Carolina, New York, Pittsburgh

☆ Stocks making the biggest moves premarket: Goldman Sachs, Bank of America, Walgreens and more
▼ + stars: | 2024-10-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Bank of America -- Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts' estimates. Goldman Sachs — Shares of the investment bank jumped more than 2% on better-than-expected quarterly earnings. Goldman Sachs posted earnings per share of $8.40 on $12.70 billion in revenue. Citigroup — Shares of the Jane Fraser-led bank added 1.7% after third-quarter earnings and revenue were better than consensus estimates. Charles Schwab — The brokerage company surged more than 7% after third quarter results beat analysts' estimates.

Persons: Johnson, J, Goldman Sachs, LSEG, UnitedHealth, Walgreens, Jane Fraser, Coty –, Coty, Charles Schwab, —, Yun Li, Michelle Fox, Samantha Subin, Sarah Min, Pia Singh Organizations: Bank of America, Wall, LSEG, Revenue, Johnson, Walgreens, Alliance, Citigroup —, Citigroup, PNC Financial, PNC, Coty, Energy, RBC Capital Markets, EV Locations: Pittsburgh, LSEG .

☆ China's new focus in U.S. elections interference is not Harris-Trump presidential race
▼ + stars: | 2024-10-15 | by ( Barbara Booth | ) www.cnbc.com time to read: +5 min

With the U.S. presidential election fast approaching, U.S. intelligence officials have issued a stark warning: China's latest efforts to influence the outcome is shifting away from the presidential race and toward state and local candidates. This new focus is part of a broader strategy by Beijing to build relationships with officials who could eventually advance China's interests. Local and state elections have become prime targets for Chinese interference because they receive far less scrutiny than national races, making it easier for China's influence campaigns to fly under the radar. One example of China's influence operations is its use of disinformation campaigns designed to exploit divisive issues such as immigration, racial justice, and economic inequality. Despite these efforts, controlling the full scope of foreign influence operations remains a daunting challenge.

Persons: they've, Brandon Wales, they're, cyberthreats, Javad Abed, Abed, George Floyd, Kent Walker, Mark Warner, John Cohen, Cohen Organizations: U.S, Infrastructure Security Agency, Johns Hopkins Carey Business School, Microsoft, Intelligence, Senate Intelligence, Center for Internet Security Locations: Beijing, Washington, Russia, China, Iran, U.S, Wales

American Water, the largest regulated water and wastewater utility company in the U.S., announced Tuesday that it was the target of a “cybersecurity incident.”The New Jersey-based utility company became aware of “unauthorized activity” in their computer networks and systems on Thursday that was determined to be the result of a cyberattack, it said in a statement. American Water also took their customer portal service offline as part of their response, putting a pause on billing "until further notice," they said. Founded in 1886, American Water provides drinking water and wastewater services to more than 14 million people across 14 states and 18 military facilities, according to their website. The company manages more than 500 water and wastewater systems in approximately 1,700 communities, including in California, Illinois, Kentucky, New Jersey and Pennsylvania. The investigation into the cyberattack is ongoing "and will take time to complete," American Water said.

Organizations: Water Locations: U.S, The New Jersey, California , Illinois , Kentucky , New Jersey, Pennsylvania

☆ American Water, the largest water utility in US, is targeted by a cyberattack
▼ + stars: | 2024-10-08 | by ( The Associated Press | ) edition.cnn.com time to read: 1 min

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☆ American Water, largest water utility, hit by cyberattack at time of rising threats against U.S. water supply
▼ + stars: | 2024-10-08 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +3 min

American Water , the largest water utility in the U.S., disclosed that it had been hit by a cyberattack. Hacks targeting U.S. water infrastructure, in particular, have been increasing, with some of the attacks linked to geopolitical rivals of the U.S., including Iran, Russia and China. "All drinking water and wastewater systems are at risk — large and small, urban and rural," an EPA spokesman recently told CNBC. American Water provides drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. It said turning off customer systems was intended to protect data, though it added that it is too soon to know whether any customer information is at risk.

Persons: Adam Isles Organizations: EPA, CNBC, American Water, U.S . Air Force, Chertoff Group, FBI, Water, Environmental Protection Agency Locations: U.S, Camden , New Jersey, Iran, Russia, China, Texas, Muleshoe, United States

☆ China-linked security breach targeted U.S. wiretap systems, WSJ reports
▼ + stars: | 2024-10-05 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

People observe the scenery near Chinese national flags displayed for National Day celebrations on October 3, 2024 in Chongqing, China. National Day Golden Week is a holiday in China commemorates the founding of the People's Republic of China in 1949. U.S. broadband providers had their networks breached in a cyberattack tied to the Chinese government that targeted wiretap requests, the Wall Street Journal reported on Saturday. The cyber breach, carried out by the Chinese hacking group known as Salt Typhoon, poses serious national security risks, the WSJ reported. Read The Wall Street Journal's article here.

Organizations: Wall Street, WSJ Locations: Chongqing, China, People's Republic of China, Western, U.S

☆ Pa. health system agrees to $65 million settlement after hackers leaked nude photos of cancer patients
▼ + stars: | 2024-09-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —A Pennsylvania health care system this month agreed to pay $65 million to victims of a February 2023 ransomware attack after hackers posted nude photos of cancer patients online, according to the victims’ lawyers. Eighty percent of the $65-million settlement is set aside for victims whose nude photos were published online. The ransomware attack “was limited to the network supporting one physician practice located in Lackawanna County,” the Lehigh statement continued. A February ransomware attack on a major health insurance billing firm cut off health providers from billions of dollars and put some health clinics on the brink of bankruptcy. A full-scale ransomware attack on a health care provider has many costs aside from potential lawsuits, from rebuilding computer systems to retaining legal counsel, Henderson said.

Persons: Saltz Mongeluzzi, ”, Carter Groome, ” Groome, “, Max Henderson, Henderson Organizations: CNN, Health, Lehigh Valley Health Network, Lehigh, Biden Locations: Pennsylvania, Lehigh, Lackawanna County

☆ Iran is helping the Houthi rebels in Yemen target and down U.S. Reaper drones, U.S. officials say
▼ + stars: | 2024-09-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +4 min

Iran is helping the Houthi rebels in Yemen target U.S. Reaper drones, which has enabled the Houthis to shoot down or damage several of the massive, unmanned aircraft, say two U.S. officials. The interference severely inhibits the U.S. ability to gather intelligence and increases the chance that the drones could drift into unfriendly airspace. The U.S. military has struggled to stop some Houthi air defense systems because rather than radars, the Houthis often use electro-optical systems to find targets. Iran sent a spy ship to the waters near Yemen to help the Houthis target ships in the Red Sea. It appears the U.S. plan to interdict shipments of Iranian weapons and destroy stockpiles of weapons and drones has failed to roll back Houthi attacks on cargo ships, Knights said.

Persons: Michael Knights, ”, Knights, “ Organizations: U.S, Pentagon, NBC, Defense Intelligence Agency, White House National Security Council, Washington Institute for Near, Policy, NBC News, ” Knights, U.S . Navy, “ Locations: Iran, Yemen, Tehran, Israel, U.S, Eastern Europe, Syria, Red

☆ Companies without cyber insurance could be making a costly mistake
▼ + stars: | 2024-09-19 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +7 min

Many companies don't have cyber insurance because of costs, but the market is growing. Cyber insurance can help companies recover financially from cyberattacks and data breaches. But one way leaders can minimize the impact of losses from a cybersecurity incident is by getting cyber insurance. One reason is the cost: The Cyber Readiness Institute estimates that cyber insurance can cost businesses $500 to $5,000 a year. What cyber insurance does and doesn't coverMany policies offer first- and third-party coverage, and most companies need both, Engstrom said.

Persons: —, Shruti Engstrom, Engstrom, Josephine Wolff, Wolff, it's, Stephen Boyer, Boyer Organizations: Service, IBM, Tufts University, Insurance, Federal Trade Commission, Companies Locations: cyberattacks

☆ Wireless device explosions latest in suspected Israeli ‘black ops’
▼ + stars: | 2024-09-19 | by ( Christian Edwards | ) edition.cnn.com time to read: +6 min

Almost exactly 24 hours later, walkie-talkies detonated in a fresh wave of explosions Wednesday across Lebanon, a security source told CNN. In response, Israel launched “Operation Wrath of God” and spent years tracking down those involved in the Munich Massacre. Mahmoud Zayat/AFP/Getty ImagesIranian nuclear scientistsSince 2010, five Iranian nuclear scientists have been killed in foreign-linked assassinations, as Israel tries to prevent its greatest adversary from developing nuclear weapons. Iranian officials said the weapon had used artificial intelligence and facial recognition to detect Fakhrizadeh and open fire, before the car, reportedly packed with explosives, self-destructed. Top Iranian officials blamed Israel for the assassination.

Persons: Israel, God ”, Mahmoud Hamshari, –, ’, Yahya Ayyash, ”, Ayyash, Mahmoud Zayat, Moshe Ya’alon, Der Spiegel, “, Stuxnet, Mohsen Fakhrizadeh, Mohsen Fakhrizadeh's, David Kennedy, ” Kennedy, Ismail Haniyeh Organizations: CNN, Hezbollah, Munich, Palestine Liberation Organization, PLO, Firefighters, Getty, Israeli, ”, Military, Iranian Defense Ministry, US National Security Agency, The New York Times Locations: Lebanon, Iran, Munich, Palestinian, Palestine, Paris, Italian, Gaza, Saida, AFP, United States, Iranian, Bushehr, Israel, Tehran, Nissan

☆ Hezbollah decided months ago to switch from risky cellphones to pagers for security. The low-tech devices just blew up.
▼ + stars: | 2024-09-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewHezbollah militants decided to switch from risky cellphones to old-fashioned pagers only months before the devices suddenly blew up across Lebanon on Tuesday, earlier reporting shows. Wireless pagers used by Iran-backed Hezbollah members mysteriously detonated around Lebanon, killing at least eight people and injuring nearly 3,000 more, including scores of militants, per local estimates. Hezbollah and Lebanon have both blamed Israel for the carnage, which has not claimed responsibility. Lebanese security services told Reuters on Tuesday that the pagers were new models acquired by Hezbollah in recent months. AdvertisementDespite long-standing concerns of escalation, Israel and Hezbollah have managed to avoid a wider confrontation.

Persons: —, Israel, Washington, It's, Marwan Naamani, Benjamin Netanyahu's Organizations: Service, Wireless, Business, US State Department, American University, Getty Images, Reuters, Hezbollah Locations: Lebanon, Iran, Beirut, Ukraine, Lebanese, Israel

☆ What business leaders should know about the SEC's cybersecurity disclosure rule
▼ + stars: | 2024-09-10 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +7 min

Last year, the SEC mandated that public companies disclose material cybersecurity incidents. "These types of cybersecurity incidents have a real impact, potentially, on shareholder value," Kate Dedenbach, a privacy and cyber attorney at Fisher Phillips in Detroit, told Business Insider. "The SEC's goal is to provide investors with more robust and timely information about cybersecurity incidents so they can make more knowledgeable investment decisions." There's a timeframe for disclosuresThe SEC says that determining a cybersecurity incident's materiality should be done "without reasonable delay" but doesn't specify a timeframe. The SEC says companies can delay disclosure if a cybersecurity incident poses a substantial risk to national security or public safety.

Persons: —, Hugh Thompson, Kate Dedenbach, Fisher Phillips, Thompson, LoanDepot, Lei Zhou, Zhou, Dedenbach, Steve Winterfeld, it's, Winterfeld, cyberattacks, Winterfield Organizations: SEC, Service, RSA Conference, US Securities and Exchange Commission, Microsoft, Forbes, University of, Akamai Technologies Locations: Detroit

☆ Dick's Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election
▼ + stars: | 2024-09-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

For fiscal 2024, Dick's is now expecting diluted earnings per share to be between $13.55 and $13.90, up from previous guidance of $13.35 to $13.75 per share. At the midpoint, Dick's only raised its earnings guidance by about 18 cents, even though its fiscal second-quarter earnings came in 54 cents higher than expected. At the low end, Dick's earnings guidance falls a bit short of the $13.79 that analysts had expected, according to LSEG. Dick's maintained its sales guidance of $13.1 billion to $13.2 billion, which also fell flat compared with the $13.24 billion that analysts were looking for, according to LSEG. Dick's is slated to discuss its results with analysts and share more insights on its guidance at 8 a.m.

Persons: Lauren Hobart, Dick's, didn't, Walmart –, there's Organizations: Sporting Goods, LSEG, Target, Walmart, Federal

ET, the X account belonging to Trump's daughter-in-law, Republican National Committee co-chair Lara Trump appeared to announce that the digital currency project, dubbed World Liberty Financial, had been launched. One minute later, Donald Trump's youngest daughter, Tiffany Trump's X account also posted an endorsement and a website link. All of which makes it nearly impossible for the public to trace the identity of the person behind the fake World Liberty Financial sites. A few minutes after Lara Trump's posts, her husband, Donald Trump's son Eric Trump, appeared to use his own X account to write "This is a scam!!" All of these posts, including Eric Trump's warning, have since been deleted.

Persons: Donald Trump, Trump's, Lara Trump, Donald Trump's, Tiffany Trump's, Trump, Njalla Okta, Lara Trump's, Eric Trump, Eric Trump's Organizations: Republican, Trump, Republican National Committee, Liberty Financial, Liberty Locations: Cambria, Johnstown , Pennsylvania, U.S, Caribbean, St, Kitts, Nevis

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