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Read previewMajor banks worldwide are scrambling to fix issues resulting from a global IT outage caused by a CrowdStrike software update. British banks Santander and Metro Bank said they were impacted by Friday's outage, which affected their ATM services. "Along with many other organizations, we have been affected by the reported global IT outage," Metro Bank told Business Insider. According to the New Zealand Herald, some banking services in New Zealand were also disrupted, as was South Africa's Capitec, per Bloomberg. Some social media users posted about being unable to access banking services, which they said highlighted the importance of cash.
Persons: , Gina Glaros, CrowdStrike, James Bore Organizations: Service, Santander, Metro Bank, Business, Bank, Commercial Bank of Qatar, New Zealand Herald, Bloomberg, NBC, BI, Windows, Linux, Santander didn't Locations: New Zealand, Norway's
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. The tool has a corrupted file that is "knocking out computers, putting them into what's known as the 'blue screen of death.'" For CrowdStrike Falcon to pull it down now, changing that, making sure it's updated, that does take time," he said. Microsoft and CrowdStrike didn't immediately respond to requests for comment from Business Insider.
Persons: , CrowdStrike, James, Ian Thornton, CrowdStrike didn't Organizations: Service, Microsoft, Business, Trump
Elon Musk mocked Microsoft over global IT outage impacting multiple sectors. The X owner posted a laughing emoji in response to a meme poking fun at Microsoft. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk poked fun at Microsoft over a global IT outage on Friday. The billionaire posted a laughing emoji in response to a meme shared on X mocking the disruption.
Persons: Elon Musk, , Elon Organizations: Microsoft, Service, Business Locations: Airlines
Airlines, banks, and supermarkets face disruption due to an IT outage linked to Crowdstrike. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMajor airlines, banks, and supermarkets are experiencing widespread disruptions linked to an IT outage after Microsoft reported problems linked to an update issued by cybersecurity firm Crowdstrike. He told NBC News that Crowdstrike was rebooting its operations but that "it could be some time for some systems — it [won't] just automatically recover." This story is available exclusively to Business Insider subscribers.
Persons: , George Kurtz, Crowdstrike Organizations: Service, Microsoft, NBC News, Business
Ferrari program aims to stop counterfeit cars.
  + stars: | 2024-07-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +4 min
Ferrari is so determined to maintain the authenticity of its cars, then, that it’s crushing potential fakes into cubes. Potential tattle-tales can share tips on possible faux Ferrari goods on a web page Ferrari created just for the purpose. How to fake a carWhile creating fake merchandise can be a simple matter of placing an unlicensed Ferrari prancing horse logo on a product, producing a believable fake Ferrari car can be much more involved. “Generally, the Ferrari collector tends to have a considerable knowledge over the brand as a whole and its cars, especially the most valuable ones,” said the spokesperson. As an example of the fate that awaits any fake Ferrari automobiles the company can find, Ferrari published a photo of a red car squished into a crinkled metal cube.
Persons: Ferrari, – Ferraristi, , ” Ferrari, Brian Rabold, , ” Rabold, they’ll, Enzo, Michael Mann, “ Ferrari Organizations: CNN —, counterfeits, CNN, Ferrari Locations: Italy, Italian
AdvertisementI ended up working at Lyft for about three months but left to get treatment for a severe medical condition. I just want to make sure I'm doing something meaningful and important to me every moment, every month, every year. It made me question what makes me feel like I'm doing well. After six months, I left the barista job to work for BuzzFeed, where I helped with social media and blogging before I was laid off when the company cut jobs in 2023. Now I'm working as an engineer at a healthcare tech startup, which I think really suits me.
Persons: , Chris Jereza, I'd, Lyft, haven't, I've, I'm, they're Organizations: Service, University of California, Business Locations: Berkeley, Lyft
He cofounded the startup Aviato and raised $1 million while still at high school aged 15. I then joined Stanford's Online High School community and met some impressive people. I would attend those cold Zoom meetings from my high school bathroom and pitch to investors. At one point, I was spending about five hours a day in the bathroom taking meetings. AdvertisementI haven't graduated from high school yet and I started taking online classes instead a few months ago after I got suspended for taking meetings in the bathroom.
Persons: , Eric Zhu, Tom Preston, Werner, We've, we're, I've, It's Organizations: Service, Business, Stanford's, School, Bachmanity, Bloomberg Locations: Carmel , Indiana, San Francisco
CNN —Like its titular tornados, “Twisters” blasts through a lot in its 122-minute runtime. Generally, scientists are the least certain about the connection between tornadoes and climate change as it’s unclear how warming temperatures are changing storms themselves or the outbreaks. Cathy, a local farmer, gripes that storms and floods are becoming more frequent, and the price of wheat more expensive, while stopping short of citing climate change. However, for a film populated by scientists and clued-in citizens to not mention climate change is a little like the twisters themselves: there’s a hole at the center. !”“Making a ‘Twisters’ movie in Tornado Alley during storm season, tornado season, it’s kind of perfect.
Persons: Glen Powell’s brawn, , , Lee Isaac Chung, “ We’ve, , Javi, Anthony Ramos, Kate, Daisy Edgar, Jones, ” Lee, Maura Tierney’s, Cathy, that’s, Lee, Glen Powell, Mark L, Smith, Joseph Kosinski, it’s, we’re, Kevin Costner, Yorgos, Matt Smith, Fabien Frankel, Anya Taylor, Joy, Max, George Miller, Chris Hemsworth, Samsik, Kang, , Nicola Coughlan, Luke Newton, Guy, Ryan Gosling, Emily Blunt, David Leitch, stuntmen, Jane Schoenbrun, Justice Smith, Brigette Lundy, Paine, Josh O'Connor, Idris Elba, Adam Pally, Hao Xuande, Sandra Oh, Chan, Henry Cavill, Alex Pettyfer, Guy Ritchie's, Guy Ritchie, Jerry Bruckheimer, Isabella Rossellini, Kristen Stewart, she's, Denis Villeneuve, Frank Herbert's, Jessica Chastain, Austin Butler, Ambika Mod, Leo Woodall, Molly Manning Walker, Bryan Cranston, Matthew Vaughn, Ava DuVernay, Aunjanue Ellis, Taylor, Paul Mescal, Andrew Scott, George Clooney, Pedro Alonso, Penelope Cruz, Laura Garello Ferrari, Adam Driver, Michael Mann, Emma Stone, Bella Baxter, Willem Dafoe, Mark Ruffalo, Ramy Youssef, Imelda Staunton, Dominic West, Ncuti Gatwa, Paul King, Hugh Grant's Oompa, Napoleon, Vanessa Kirby, Ridley Scott, Nicolas Cage, Emerald Fennell, Jacob Elordi, Priscilla, Sofia Coppola, Elvis Presley, Kitty Green, Justine Triet, Sandra Hüller, Palme, Ryu Seungryong, Oppenheimer, Christopher Nolan, Cillian Murphy, Robert Downey Jr, Margot Robbie, Ken, Greta Gerwig, Mattel, Tom Cruise, Christopher McQuarrie, Simon Pegg, Scarlett Johansson, Jason Schwartzman, Adrien Brody, Jeffrey Wright, Wes Anderson, Celine Song, Greta Lee, Halle Bailey, Javier Bardem, Kim Woo, Seung, Cho Ui, seok, Jan de Bont’s, ” Glen Powell, Melinda Sue Gordon, Ramos, Powell, everybody’s weirdly, ” Powell, Tyler Owens, “ I’m, anyone’s Organizations: CNN, , Universal Pictures, Warner Bros ., CNN CNN, Ungentlemanly, Locations: Midwest, Oklahoma, Arkansas, Korea, Modena, Palme d'Or,
Radhika Merchant and Anant Ambani's wedding begins on Friday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA four-day cruise, a performance by Rihanna, and a mass wedding for 50 couples were all just the lead-up to the glitziest wedding of the year. Radhika Merchant and Anant Ambani , the youngest son of Asia's richest man , are getting married in Mumbai on Friday, with events following on Saturday and Sunday. This story is available exclusively to Business Insider subscribers.
Persons: Radhika Merchant, Anant Ambani's, Priyanka Chopra, Nick Jonas, Kim Kardashian, , Rihanna, Anant Ambani Organizations: Service, Business Locations: Mumbai
Elon Musk's X plans to sublease its headquarters, the San Francisco Chronicle reported. Its entire office, nearly 460,000 square feet of space, will reportedly be sublet. Musk has openly criticized San Francisco in the past and slammed it as a "disaster." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The company is set to sublease its San Francisco headquarters, the San Francisco Chronicle reported.
Persons: Elon Musk's, Musk, San Francisco, , JLL Organizations: San Francisco Chronicle, Service Locations: San Francisco
Asia's richest man is hosting a lavish wedding in Mumbai for his youngest son this weekend. Mumbai is already plagued by traffic and faces added congestion from the three-day wedding affair. AdvertisementAsia's richest man is throwing a massive wedding for his youngest son in Mumbai this weekend. Anant Ambani, son of Mukesh Ambani, is set to wed Radhika Merchant in a lavish affair. This story is available exclusively to Business Insider subscribers.
Persons: , Anant Ambani, Mukesh Ambani, Radhika Merchant, It's, Sonam Srivastava, Srivastava, Bill Gates, Mark Zuckerberg, Ivanka Trump Organizations: Service, Business, Mumbai Traffic Police, Wright Research, Convention, Immigration Locations: Mumbai, Bandra Kurla, Bandra, Jamnagar
Nvidia, meanwhile, emphasizes technical exercises such as HackerRank coding assessments, while Microsoft evaluates candidates' problem-solving, design, coding, and testing skills. Here's a summary of Big Tech firms' hiring process guides to give you an idea of what to expect. GoogleOnce you've applied for a job and a recruitment team member thinks you might be a good fit, they will be in touch to start the hiring process. According to Google's guide, the first step typically involves taking a Google hiring assessment to test your skills. The Facebook and Instagram owner has compiled a comprehensive guide about its "Full Loop Interview" process, which includes three to five conversations.
Persons: , hasn't, Nolan Church, you'll Organizations: Service, Big Tech, Companies, Google, Nvidia, Meta, Microsoft, Business
Dollar adrift ahead of U.S. inflation test; sterling firms
  + stars: | 2024-07-11 | by ( ) www.cnbc.com   time to read: +3 min
The dollar fell a touch on Thursday although moves were largely subdued ahead of a U.S. inflation report due later in the day, while sterling firmed on receding expectations for an August rate cut from the Bank of England (BoE). The dollar fell a touch on Thursday although moves were largely subdued ahead of a U.S. inflation report due later in the day, while sterling firmed on receding expectations for an August rate cut from the Bank of England. BoE Chief Economist Huw Pill on Wednesday said price pressures in Britain's economy were persistent and that the timing of a first rate cut was an "open question". His colleague Catherine Mann signalled she is unlikely to vote for an interest rate cut in August. Against the greenback, the euro gained 0.04% to $1.0834, and the Aussie dollar rose 0.01% to $0.6754.
Persons: BoE, Huw Pill, Catherine Mann, Carol Kong, Jerome Powell Organizations: Bank of England, Monetary, ANZ, MPC, Commonwealth Bank of Australia, Federal Reserve, U.S, New Zealand, Reserve Bank of New, Bank of Japan Locations: U.S, Asia, Japan
Microsoft has given up its observer role on OpenAI's board, per a letter reported by outlets including Axios. Apple is not expected to take up a similar observer role, The Financial Times reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMicrosoft and Apple might have made a play to assuage antitrust regulators over their involvement with OpenAI. Microsoft has now relinquished its role as an observer on OpenAI's board, while Apple will not take up a similar spot, according to reports by outlets including The Financial Times.
Persons: Organizations: Microsoft, Apple, Financial Times, Service, OpenAI, Business
Dyson is cutting about 1,000 jobs from its global workforce of about 15,000. The appliance maker told staff about the layoffs on Tuesday. The British appliance maker, which is now headquartered in Singapore, told staff about the layoffs on Tuesday. The cuts are part of a wider reduction to its global workforce of more than 15,000 people, The Financial Times reported citing unnamed sources. Dyson CEO Hanno Kirner said in a statement that the company had expanded quickly but operated in "increasingly fierce and competitive global markets" and needed to become "entrepreneurial and agile."
Persons: Dyson, , Hanno Kirner, Roland Krüger, James Dyson Organizations: Service, Financial, Guardian, Bloomberg, Business Locations: Singapore
Read previewAt least one woman has come forward with new, "violent sexual assault" accusations against Harvey Weinstein, prosecutors said as both sides gathered in court Tuesday to discuss next steps for his Manhattan retrial. defense lawyer Arthur Aidala demanded impatiently at one point, referring to the retrial. Weinstein calls his attorneys "in excruciating pain," Aidala told New York Supreme Court Justice Curtis Farber, who will preside over the retrial. "Mr. Weinstein has fluid in his lungs," he added, giving the most detailed description of Weinstein's condition to date. Asked after court whether Weinstein's life is in danger due to his health issues, Aidala answered, "This isn't a hangnail."
Persons: , Harvey Weinstein, Weinstein's, Jessica Mann, Nicole Blumberg, Arthur Aidala, impatiently, HARVEY, Aidala, Weinstein, Justice Curtis Farber, Mr, Donald Trump's, Allen Weisselberg, Weisselberg Organizations: Service, Business, Prosecutors, New, Facility Locations: Manhattan, Rikers, York, New York, Los Angeles
Big Tech firms such as Google and Microsoft are competing for top AI talent. But workers may be the real winners of the battle as they're securing bigger compensation packages. AdvertisementTech companies are embroiled in an intense war for top AI talent. "AI talent is in high demand, with companies offering impressive compensation. This competitive market is pushing up salaries and providing attractive financial incentives for tech workers," Srinivasan said.
Persons: , Ram Srinivasan, JLL, Srinivasan Organizations: Big Tech, Google, Microsoft, Service, Tech, Meta, Business Locations: Levels.fyi
AI skills are in high demand as companies aim to leverage AI for competitive products. AI expertise can lead to lucrative roles in Big Tech or startups and substantial pay raises. AdvertisementAI skills are in high demand in the job market as more companies seek to use the technology to compete with rivals and become more efficient. Having AI expertise could also land you a position at a Big Tech giant, startups — or even get you a pay bump. This story is available exclusively to Business Insider subscribers.
Persons: , Nancy Xu Organizations: Big Tech, Service, Business
Currently, a 40% federal estate tax applies to estate values topping $13.61 million for individuals and $27.22 million for married couples. When someone dies, their heirs have nine months to file a federal estate tax return if their inheritance meets those minimums. Here's how a Graegin loan could work in practice, according to Doyle:Related storiesHeirs of a $10 million estate could be on the hook for $4 million in federal estate taxes. The taxable estate is $1 million less, which means the family will save $400,000 in estate taxes considering the 40% tax rate. More households will be on the hook for estate taxes, and loans to pay them could become more popular.
Persons: , Sam, Jere Doyle, Jose Reynoso, Doyle, Eric Mann, Neal Gerber Eisenberg, overallocated, Mann, John F, Koons, Robert Strauss, Weinstock Manion, Strauss, haven't Organizations: Service, Business, Mellon Wealth Management, Clarfeld, Wealth, IRS, Pepsi, Republican
Kim started working at Trader Joe's 10 days after getting laid off from Google. So just 10 days after getting laid off, I started a part-time role at Trader Joe's. Related storiesI would work three morning shifts at Trader Joe's, Starbucks in the afternoons and drive for Lyft in between. After almost a year I quit my job at Starbucks and I was promoted to a manager role at Trader Joe's. I made a point of remembering 100 people's names at Trader Joe's within my first month.
Persons: , Kim, Lois Kim, You've, I've, Joe's Organizations: Service, Google, Business, San, San Francisco Bay Area, Joe's, Starbucks Locations: Korea, San Francisco Bay
The US blocked China from importing advanced Nvidia chips in 2022, so some travelers are smuggling them in their luggage, The Wall Street Journal reported. The outlet reviewed records, including customs filings, that showed Nvidia chips were being purchased by Chinese buyers in an underground market. Related storiesThe demand for Nvidia's most advanced chips is so acute because they're regarded as crucial for training AI models. AdvertisementReuters reported in April that Chinese universities and research institutes, including the Chinese Academy of Sciences, obtained Nvidia chips through resellers. The Department of Commerce implemented the Advanced Computing Chips Rule , which makes it harder for China to import AI chips from American manufacturers.
Persons: , Nvidia didn't Organizations: Service, Nvidia, Street Journal, Business, Financial Times, Reuters, Chinese Academy of Sciences, House, of Commerce Locations: China, Beijing, Asia
Manage a lot of peopleHuang believes a CEO should have more direct reports than anyone else in an organization. He, in fact, has more than 50 direct reports, considered an unusually high number for any manager. Advertisement"The more direct reports the CEO has, the less layers are in the company," Huang said in an interview at The New York Times DealBook Summit in 2023. Skip the 1:1 meetingsHuang has said he doesn't have one-on-one meetings with his many direct reports. Advertisement"Almost everything that I say, I say to everybody all at the same time," he said at Stripe Sessions 2024.
Persons: , Huang, Skip, You've, Insider's Jyoti Mann, Nvidian, I've, It's Organizations: Service, Apple, Microsoft, Business, The New York Times DealBook Summit, Stanford's Graduate School of Business, Stripe, Nvidia, Yorker, Stanford Graduate School of Business
CNN —Romie Gallardo always knew the risks her son Carlin Dunne faced when he raced motorbikes. Carlin Dunne loved anything on two wheels -- BMX, mountain bikes, dirt bikes and street bikes. He was designed to ride that place.”According to his mother, Dunne was born with speed in his blood. I’m not in charge of your happiness and if you’re doing something that makes you happy then that’s all I can really ask for.’”The Pikes Peak International Hill Climb took place over a 12.42 mile course with 156 corners finishing at 14,110 feet at the summit of Pikes Peak. CNN's Don Riddell first interviewed Carlin Dunne just days before his death in 2019.
Persons: CNN — Romie Gallardo, Carlin Dunne, he’d, Dunne, , Rennie Scaysbrook, Dunne hadn’t, Carlin, ” Scaysbrook, , , Suzuki RM50, I’m, , Jon Wallace, Jason Chinnock, ” Chinnock, ” Dunne, Anneke Beerten, Beerten, Marcus Boyle, Boyle, Chinnock, Romie Gallardo, Scaysbrook, ’ ”, “ I’ve, it’s, ” Carlin Dunne, Rainier Ehrhardt, Gallardo, Dunne’s, “ That’s, CNN's Don Riddell, me Organizations: CNN, Ducati, Suzuki, Honda, Ascot, North Locations: Colorado, Willow Springs, Los Angeles, Santa Barbara, Montecito, Colorado Springs , Colorado, North America
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewInterest in humanoid robots has surged in Silicon Valley this year, with one Nvidia research manager even declaring 2024 as the year of the humanoid. Goldman Sachs has estimated that the global market for humanoid robots could reach $38 billion by 2035, although it notes that "the viability of such machines hasn't been proven yet." AdvertisementThe company's headquarters are in the town of Falmouth, Cornwall, but it also has offices in Silicon Valley and London. So while investors seem confident that humanoid robots have a big future, significant challenges remain before that vision has a chance of becoming reality.
Persons: , Tesla, Goldman Sachs, Ameca, Will Jackson, Jackson, doesn't Organizations: Service, Microsoft, Nvidia, Business, Arts, Ameca Locations: Silicon, Falmouth, Cornwall, Silicon Valley, London, Las Vegas
CNN —Taylor Swift brought her Eras Tour to London’s Wembley Stadium on Friday with some famous faces in the audience, including the Prince of Wales and two of his children, Prince George and Princess Charlotte. William, who was celebrating his 42nd birthday that day, and the children later met Swift and her boyfriend, NFL star Travis Kelce backstage. The official @KensingtonRoyal account posted a photo of Swift taking a selfie with Prince William, Princess Charlotte, and Prince George. Taylor Swift shared a photo with Prince William, Prince George, Princess Charlotte and Travis Kelce, at Swift’s concert in London on June 21. According to the Mayor of London, nearly 700,000 people are expected to attend her London shows, which are predicted to boost the capital’s economy by £300 million ($379.5 million USD).
Persons: CNN — Taylor Swift, Prince, Wales, Prince George, Princess Charlotte, William, Swift, Travis Kelce, Prince William, , , Taylor Swift, Prince George , Princess Charlotte, Instagram Swift, Nicola Coughlan, Cara Delevingne, Salma Hayek, Leslie Mann, Jonathan Van Ness Organizations: CNN, Wembley, PA Media Locations: London
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