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☆ The golden age of overemployment is over. Job jugglers are preparing for life with only one income.
▼ + stars: | 2024-07-20 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +10 min

They've used the extra income to pay off student debt, save for retirement, and afford expensive vacations and weight-loss drugs. Related storiesIn addition to exploring other income streams, Adam said he's trying to take advantage of his extra income while he still can. The best advice he has for anyone who's still overemployed is not to become too dependent on the extra income. "From the start, I made it a point not to integrate the second job income into our bills," he said. Are you secretly working multiple remote jobs at the same time and willing to discuss details about your pay and schedule?

Persons: —, Charles, slowdowns, Charles said he's, I've, They've, overemployment, jugglers, they've, Adam, he's, He'd, Tomas, Charles couldn't, he'd, I'd, Joseph, — Joseph, Luke, who's Organizations: Service, Business, LinkedIn, Bureau, Labor Locations: an Arizona, Georgia, Texas, —

☆ The CrowdStrike fail and next global IT meltdown already in the making
▼ + stars: | 2024-07-20 | by ( Kevin Williams | ) www.cnbc.com time to read: +3 min

The reality, however, was much more mundane: a botched software update from the cybersecurity company CrowdStrike. "In this case, it was a content update," said Nick Hyatt, director of threat intelligence at security firm Blackpoint Cyber. And because CrowdStrike has such a broad base of customers, it was the content update felt around the world. In this case, the content update was tied to the CrowdStrike Falcon monitoring software. Software updates should be rolled out incrementally One lesson from the global IT outage, O'Neill said, is that CrowdStrike's update should have been rolled out incrementally.

Persons: Nick Hyatt, CrowdStrike, Hyatt, Harun Ozalp, Eric O'Neill, O'Neill, Peter Avery, Avery Organizations: Microsoft, Anadolu, Getty, FBI, Visual Edge Locations: Ankara, Turkey

☆ Alphabet earnings and 3 more things we're watching in the stock market next week
▼ + stars: | 2024-07-20 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, —, Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin

☆ Flight cancellations ease after IT outage but some disruptions linger
▼ + stars: | 2024-07-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Flight cancellations and delays eased on Saturday as airlines worked to recover from a global IT outage sparked chaos at airports and for other industries a day earlier. More than 1,200 flights were canceled on Saturday, with over 900 of them in the United States, according to flight-tracking site FlightAware. On Friday, more than 5,000 flights were canceled worldwide, with about 3,400 in the U.S. Over 12,000 U.S. flights were delayed. A software update from CrowdStrike that went awry led to a major outage of Microsoft systems for businesses around the world. About 7% of United's mainline flights were canceled on Saturday, down from 22% on Friday, according to FlightAware data.

Persons: Toby Enqvist Organizations: Microsoft, United, Delta Air Lines, Airlines Locations: United States, U.S

☆ Microsoft says about 8.5 million of its devices affected by CrowdStrike-related outage
▼ + stars: | 2024-07-20 | by ( ) www.cnbc.com time to read: +1 min

The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. A global tech outage that was related to a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft devices, Microsoft said in a blog on Saturday. "We currently estimate that CrowdStrike's update affected 8.5 million Windows devices, or less than one percent of all Windows machines," it said in the blog. CrowdStrike has helped develop a scalable solution that will help Microsoft's Azure infrastructure accelerate a fix, Microsoft said, adding that the tech giant had worked with both Amazon Web Services and Google Cloud Platform to collaborate on the "most effective approaches." Air passengers worldwide faced delays, flight cancellations and headaches checking in as airports and airlines were caught up in the IT outage that affected numerous industries ranging from banks to media companies.

Persons: CrowdStrike Organizations: Microsoft, Amazon Web Services, Google, Air Locations: Ankara, Turkey

☆ United and American Warn Pilots of Communication Issues Amid Grounding
▼ + stars: | 2024-07-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Delta Air Lines, United Airlines, and American Airlines issued ground stops on Friday. United and American warned pilots that communication was intermittent. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMajor airlines have warned pilots they may be unable to communicate with ground services. American Airlines and United Airlines issued advisories to be relayed to the carriers' airborne flights early Friday morning.

Persons: — Organizations: Delta Air Lines, United Airlines, American Airlines, United, Service, American Airlines and United Airlines, Aircraft Communications, Business Locations: American

☆ Some US hospitals are canceling non-emergency surgeries and procedures amid the global IT outage
▼ + stars: | 2024-07-19 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

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

☆ The mass IT outage is disrupting Disney and other theme parks during the height of summer tourist season
▼ + stars: | 2024-07-19 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

A mass IT outage has disrupted operations in many industries, including theme parks. Disneyland Paris display screens went blank, while Universal Studios Japan suspended in-person ticket sales. The outages came at the height of the summer tourist season. AdvertisementThe mass IT outage is causing problems for everyone — even Mickey Mouse. The outage has disrupted industries and organizations worldwide, including Disney's international theme parks.

Persons: —, Mickey Mouse Organizations: Universal Studios Japan, Service, The Financial Times, CNN, Business Locations: Paris, Hong Kong

☆ In the face of trade tensions, China says it will focus on its own economy
▼ + stars: | 2024-07-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions. He listed three areas of focus: the stable and healthy development of the real estate market, accelerated development of "emerging and future industries" and expanding domestic demand, "especially consumption." Han was responding to a question about how China would support growth in the face of increased trade tensions. He used a phrase attributed to Chinese President Xi Jinping, who in recent years has called for the country to "do your own thing well" and focus on its own affairs. The press conference followed the end of a high-level meeting policy called the Third Plenum that ended Thursday.

Persons: Han Wenxiu, Han, Xi Jinping Organizations: BEIJING, Top, Communist, CNBC Locations: China

☆ Which airports and airlines have been affected by the outages?
▼ + stars: | 2024-07-19 | by ( Cnn Staff | ) edition.cnn.com time to read: +8 min

All flights for US airlines United Airlines, Delta Air Lines, and American Airlines were grounded early on Friday, with the Federal Aviation Administration (FAA), citing communication issues. Passengers and airline pilots wait at Newark International Airport after United Airlines and other airlines grounded flights because of a worldwide tech outage. Jaipur International AirportJaipur International Airport has confirmed that “flights nationwide” have been affected by the outage. Incheon International Airport, SeoulSouth Korea’s Incheon International Airport said Air Premia, Eastar Jet and several other airlines had been affected. Taoyuan International Airport, TaiwanTaiwan’s Taoyuan International Airport said several airlines at the airport had been impacted.

☆ The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
▼ + stars: | 2024-07-19 | by ( Robert Frank | ) www.cnbc.com time to read: +1 min

There are now 426,330 individuals worth $30 million or more, known as ultra-high-net worth (UHNW) individuals, according to Altrata's World Ultra Wealth Report 2024. Their total wealth surged by 7% to $49 trillion in 2023, helped mainly by the year-end stock rally. In the U.S., the ultra-high-net-worth population increased 13%, to 147,950, meaning the U.S. now accounts for a third of the world's ultra-high-net worth population. Over the next five years, the UHNW population is expected to grow by 38% to 587,650, according to the report. Their combined fortunes will rise by $19 trillion — creating a massive new opportunity for companies that cater to the ultra-wealthy, according to the report.

Persons: Spencer Platt, Robert Frank Organizations: New York Stock Exchange, Getty Locations: New York City, U.S

☆ China economy: Key meeting offers few clues on how to tackle worsening downturn
▼ + stars: | 2024-07-19 | by ( Laura He | ) edition.cnn.com time to read: +8 min

While it offered few clues on how to tackle economic difficulties, the meeting did provide further insight into a shake-up of high-level personnel over the past year. If past sessions are a guide, a more detailed report may be released in the following days, but for now, “the plenum communique is light on specifics,” Evans-Pritchard added. That came days after China released disappointing economic data for the second quarter of this year. Analysts say that the coming months could offer more details on how Xi plans to revive the economy. Emphasizing short-term economic policies is rare in the history of the third plenums, said Larry Hu, chief China economist for Macquarie Group.

Persons: Hong Kong CNN — China’s, Xi Jinping, Xi, ”, Julian Evans, Pritchard, Qin, Li Shangfu, Li Yuchao, Jinming, Evans, “, ” Evans, Mao, Larry Hu Organizations: Hong Kong CNN, Communist Party, Capital Economics, Central, Defense, Liberation Army Rocket Force, of America, National Bureau, Statistics, Analysts, Macquarie Group Locations: Hong Kong, party’s, Beijing, China, policymaking, outflows, United States, Mao China

☆ 10 things to watch in the stock market Friday, including tech rotation and Eli Lilly approval
▼ + stars: | 2024-07-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

10 things to watch Friday, July 19 Can tech stocks and the overall market stabilize to end the week? That's what to watch after a brutal week for the "Magnificent Seven," which fell victim to a rotation away from 2024 winners. PPG Industries lowered its organic sales growth outlook, putting pressure on the stock. The credit card giant, known for its affluent customer base, also lifted its 2024 earnings outlook. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: CrowdStrike, Piper Sandler, Halliburton, SLB, Eli Lilly, Morgan Stanley, Bill Newlands, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Palo Alto Networks, Netflix, JPMorgan, PPG Industries, American Express, Novo Nordisk, Arm Holdings, Barclays, Molson Coors, Constellation Brands, Modelo, Corona, Jim Cramer's Charitable, CNBC Locations: Palo, China

☆ Stock market today: Indexes trade mixed amid massive CrowdStrike IT outage
▼ + stars: | 2024-07-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

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

☆ What Is CrowdStrike?
▼ + stars: | 2024-07-19 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com time to read: +1 min

Until Friday morning, many people had either not heard of — or were not thinking about — CrowdStrike. But as flights were canceled, broadcasters went off air, trains did not run and medical procedures were delayed around the world, its name quickly spread around the internet. CrowdStrike, which was founded in 2011, is a cloud-based cybersecurity platform whose software is used by scores of industries around the world to protect against hackers and outside breaches. “Once CrowdStrike is installed, it actively scans for threats on your machine without having to manually run virus scans,” according to an explanation on the University of Denver’s website, which offers the platform to students and staff. Cybersecurity software like CrowdStrike’s has broad privileges to run across a computer system, including into sensitive areas.

Persons: — Organizations: University of Denver’s

☆ Worldwide Tech Outage Halts Businesses and Grounds Flights
▼ + stars: | 2024-07-19 | by ( Derrick Bryson Taylor | More About Derrick Bryson Taylor | ) www.nytimes.com time to read: 1 min

CrowdStrike, the cybersecurity firm that services numerous industries, was down across parts of the world on Friday morning, halting news broadcasts and grounding flights. In Australia, the New South Wales Police Force said on social media that it was aware of a system outage. Problems persisted at Sydney Airport, one Australia’s largest and busiest transportation hubs, just as the weekend was getting underway for many. “A global technical outage has impacted some airplane operations and terminal services,” the airport said on social media. “Flights are currently arriving and departing, however there may be some delays throughout the evening.”

Persons: ” Organizations: New South Wales Police Force, Sydney Airport, “ Locations: Australia

☆ 8 of the biggest stock market crashes in history — and how they changed our financial lives
▼ + stars: | 2024-07-19 | by ( Rebecca Reisner | Richard Richtmyer | ) www.businessinsider.com time to read: +20 min

While the triggers for stock market crashes vary, the ultimate outcome is always the same: the market recovers. Here's a summary of eight of the most notable stock market crashes in history, their causes, and their fallout. Stock market crash FAQWhat happens when a stock market crashes? Numerous things can cause a stock market to crash, including:PanicNatural or man-made disastersEconomic crisesSpeculationCan a stock market crash be prevented? Unlike a bear market, stock market corrections are often short and usually work themselves out.

Persons: It's, Terry Marsh, Here's, Stocks, Carola Frydman, J.P, Morgan, —, Blair Hull, Alan Greenspan, Marc Chandler, Marsh, weren't, Tyler Muir, Thai bhat, Paula Bronstein, Stringer, Chandler, chipmaker, WebVan.com, Muir, The, Lehman Brothers, NICHOLAS ROBERTS, homebuyers, Bear, Lehman, Fannie Mae, Freddie Mac, Dodd, Frank Wall, Europe —, Italy — Organizations: Federal Reserve System, SEC, FDIC, Haas School of Business, University of California, Federal Reserve, United Copper Company, UCC, Kellogg School of Management, Northwestern University, Federal, System, Dow Jones, Gross, Federal Deposit Insurance Corporation, Securities and Exchange Commission, Dow, Nasdaq, Chicago, Black, Bannockburn Global Forex, UCLA Anderson School of Management, Getty, Asia, International Monetary Fund, chipmaker Qualcomm, The Sarbanes, Oxley, Investors, Financial, Bear Stearns, Lehman Brothers, Nikkei, US, Asset, Frank Wall Street Reform, Consumer, Consumer Financial, Dow Jones Industrial, Center, Budget, Stock, Corrections Locations: University of California Berkeley, AFP, Iran, Bannockburn, Japan, Thai, Asia, Thailand, Malaysia, Indonesia, South Korea, COVID, China, Europe, Italy, Chevron

☆ The Trump trade: how a red wave could impact stocks, bonds, and commodities
▼ + stars: | 2024-07-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Read previewAs we near the November elections, investors are increasingly focused on what a Donald Trump win would mean for global markets and economies. The charts below show how stock sectors moved in the 24 hours after the debate and how a Trump administration might impact sectors with varying regulatory burdens. If Trump wins, investors will need to cut through the noise and at least understand how he might impact different parts of the economy. Where monetary policy is concerned, leading economist Christophe Barraud believes a Trump administration could pressure the Federal Reserve to be very accommodative on rates, in other words, steeper or sooner cuts. It expects a Trump Administration to allow LNG export permits after the Biden Administration attempted to halt them.

Persons: —, Donald Trump, Goldman Sachs, Joe Biden, Trump, Solita, Samantha Lamas, Goldman, Goldman's Jan Hatzius, Christophe Barraud, Bloomberg Businessweek Trump, Morgan Stanely, Morgan Stanley Organizations: Service, Trump, Business, Trump Media, Technology, UBS, Americas Global Wealth Management, Morningstar, Federal Reserve, Bloomberg Businessweek, Korea, Asia Pacific's, Republican, Trump Administration, Biden Locations: Predictit, Mexico, Canada, China, Japan, Germany, Asia, Goldman Sachs, Washington

☆ Thousands of Disneyland workers are expected to authorize a potential strike. It would be the first in 40 years
▼ + stars: | 2024-07-19 | by ( Natasha Chen | ) edition.cnn.com time to read: +7 min

Now, negotiating better wages and working conditions for Carranza and thousands of other Disneyland employees has gotten messy, to the point where 9,500 of them will conclude a vote on Friday that will authorize a potential strike. But that does not mean a strike will necessarily happen, as was the case with Teamsters at UPS last year. A dream of affordabilityCarranza ‘s Disneyland wage is just over $20 per hour, after factoring in a differential for working the overnight shift. Escaping reality, not confronting itA strike would involve about 9,500 employees who work at Disneyland Park, currently under a contract that expired in June. But only the Disneyland Park employees will vote and participate in a strike for now.

Persons: CA CNN — Cyn Carranza, it’s, ’, Carranza, ” Carranza, –, Coleen Palmer, Palmer, Coleen, ” Palmer, they’ve, Jenna Thompson, ”, Chris Isidore Organizations: CA CNN, Disney, Teamsters, UPS, Voters, Disneyland Resort, Park, Downtown Disney, Disneyland, ’ Equity Association, SEIU, USWW, UCFW, BCTGM, National Labor Relations Board, NLRB, CNN Locations: Anaheim, CA, Carranza, Orange County , CA, Southern California, Disney California

☆ How a software update caused one of the world's biggest IT blackouts
▼ + stars: | 2024-07-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

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

Travel plans across the world were thrown into disarray on Friday, as a global technology outage disrupted businesses and services — including air travel — leaving thousands of flights canceled or delayed across the United States and beyond. While service was slowly recovering by midmorning Eastern time, the ripple effect was still snarling travel plans as delayed and canceled flights created a buildup of passengers waiting at airports, and some planes and crews out of position. “The anxiety is getting up a little,” said Adonis Ajayi, 35, at Ronald Reagan Washington National Airport on Friday morning. Messages posted on social media by travelers worldwide showed flights grounded, some terminal monitors down and crowds of stranded passengers waiting at airport gates and customer service desks. Some passengers at one airport in India had to stand in long lines to obtain handwritten boarding passes.

Persons: ”, Adonis Ajayi, Ronald Reagan, Ajayi, “ I’ve, CrowdStrike Organizations: Ronald Reagan Washington National Airport, Key West, Microsoft Locations: United States, Ronald Reagan Washington, Key, Fla, India

The outage was attributed to CrowdStrike, a cybersecurity firm whose software is used by scores of industries around the world to protect against hackers and outside breaches. At least three major U.S. airlines, American, United and Delta, grounded all flights, according to the Federal Aviation Administration, one day after a major outage at Microsoft briefly grounded some flights. “A global technical outage has impacted some airplane operations and terminal services,” the airport said on social media. Disruptions were also reported at Berlin Brandenburg Airport, Schiphol Airport in Amsterdam and Dubai International Airport. Microsoft said the problem had affected multiple systems for customers in the central United States.

Persons: CrowdStrike, ” Michelle McGuinness, Australia’s, ” Organizations: United, Federal Aviation Administration, Microsoft, Sydney Airport, “, Cyber Security, Berlin Brandenburg Airport, Dubai International Locations: Australia, Amsterdam, Phoenix, United States

☆ Did you turn it off and on? Microsoft says some users solved the CrowdStrike problem after rebooting up to 15 times.
▼ + stars: | 2024-07-19 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

A mass IT outage is disrupting operations at banks, retailers, airports, and other organizations. Microsoft said some people rebooted their devices up to 15 times to troubleshoot the issue. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMicrosoft has a solution for its mass IT outage: lots and lots of reboots. "We have been made aware of an issue impacting Virtual Machines running Windows Client and Windows Server, running the CrowdStrike Falcon agent, which may encounter a bug check (BSOD) and get stuck in a restarting state," the company said.

Persons: — Organizations: Microsoft, Service, Machines, Business

☆ Stocks making the biggest moves after hours: Intuitive Surgical, Netflix and more
▼ + stars: | 2024-07-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

These are the stocks making notable moves after the market close on July 18. Netflix reported earnings of $4.88 per share on $9.56 billion of revenue. Intuitive Surgical — The biotech stock jumped more than 6% after a stronger-than-expected report for the second quarter. Intuitive Surgical reported adjusted earnings of $1.78 per share on $2.01 billion of revenue. The company reported $2.50 in adjusted earnings per share for the second quarter, which was 2 cents ahead of estimates.

Persons: LSEG Organizations: Netflix, PPG, Western Alliance

☆ No Taxes on Tips? A Trump Idea Gains Ground.
▼ + stars: | 2024-07-18 | by ( Andrew Duehren | ) www.nytimes.com time to read: +1 min

In Donald J. Trump’s telling, the idea was born over dinner at his Las Vegas hotel, where the waitress serving his table complained about the burden of paying taxes on her tips. “I was actually surprised to hear it,” Mr. Trump said last month at a rally in Virginia, adding that he quickly decided to address the waitress’s problem with a new campaign pledge: “No taxes on tips!”The proposal has rapidly become more than just a rally talking point. The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Mr. Trump. Several economists involved in advising the Trump campaign said they hadn’t heard of the idea until Mr. Trump announced it publicly. But Republicans now see it as a key way to appeal to working-class Americans during the campaign against President Biden.

Persons: Donald J, ” Mr, Trump, Mike Johnson, Biden Organizations: Republican Party, Republican Locations: Las Vegas, Virginia, Louisiana, Nevada

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