Tag: Tech

China-Backed Hackers Manipulate Microsoft Server Software Security Glitch: WSJ

Cybersecurity firms and Microsoft Corp. see hackers linked to China and other governments among a growing mix of cyberattackers seeking to exploit a widespread and severe vulnerability in computer server software, the Wall Street Journal reports. Both Microsoft and cybersecurity firm Mandiant observed hacking groups linked to China and Iran launching attacks that exploit the flaw in…


Wall Street Falls After Slide in Big Tech Stocks

Wall Street’s main indexes fell on Friday as big technology-related shares tumbled, reeling from the Federal Reserve’s decision to end its pandemic-era stimulus faster. An announcement from the Fed this week signaling three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation put pressure on heavyweight tech stocks. Growth stocks including…


Boeing Reveals Ambitious Strategy to Build Its Next Airplane in ‘Metaverse’

Boeing has revealed an ambitious strategy to build its next airplane in the “metaverse” as it follows in the footsteps of multiple other companies in a move toward digital innovation. The metaverse, also known as a virtual environment, is a combination of various technical elements such as virtual reality, augmented reality, video, and other forms of communication that…


Wall Street Opens Lower as Tech Stocks Slide

Wall Street’s main indexes opened lower on Friday as big technology stocks tumbled, reeling from the Federal Reserve’s decision to end its pandemic-era stimulus faster, which pushed investors towards cyclical parts of the market. The Dow Jones Industrial Average fell 97.53 points, or 0.27 percent, at the open to 35,800.11. The S&P 500 opened lower…


Meta Removes Seven Surveillance-for-Hire Entities From Facebook and Instagram That Targeted Nearly 50,000 Users

Meta announced Thursday that it has removed seven surveillance-for-hire entities from Facebook and Instagram that targeted nearly 50,000 users following a monthslong investigation. In a statement, the company said the surveillance-for-hire entities—which target people across the internet to collect intelligence, manipulate them into revealing information and compromise their devices and accounts—had indiscriminately gone after users in 100 countries…


Rivian Expanding With New Factory in Georgia

Electric transport startup Rivian will be setting up a second factory in Georgia, according to a company announcement on Thursday, indicating a positive outlook despite posting losses for the recent quarter after a disappointing Wall Street performance. From the proceeds of its Nov. 10 initial public offering, the Amazon-backed electric vehicle startup will invest $5…


World Shares Mixed After Tech-Led Retreat on Wall Street

BANGKOK—World shares fell on Friday after technology companies led Wall Street benchmarks lower as investors weighed the implications of higher interest rates, surging coronavirus cases, and tensions between Beijing and Washington. Benchmarks declined in Paris, London, Frankfurt, and Tokyo but rose in Shanghai. U.S. shares dropped a day after the Federal Reserve said it’s preparing…


Cryptocurrency Now in the Sights of Australian Regulators

The Australian government has given an ear to the cryptocurrency industry and appointed a new committee that will oversee the development of long called for regulation in the sector which is worth trillions of dollars globally. More than 800,000 Australians have already made crypto transactions over the last three years—a figure growing at an accelerated…


Verizon Signs up Google Cloud to Automate Factories

STOCKHOLM—Verizon Communications on Thursday signed a deal with Alphabet Inc.’s Google Cloud to use its 5G network and the tech firm’s computing power to offer services such as autonomous robots and smart factories. Telecom companies have been partnering with technology firms to automate businesses and factories to lower costs and speed up data traffic through…


Melania Trump Launches New Blockchain Venture, Releases First NFT

Former first lady Melania Trump has ventured into the non-fungible token (NFT) realm, releasing her first token and launching a new platform that will roll out NFTs regularly, with some of the proceeds going to help children in the foster care community. Called “Melania’s Vision,” the first NFT featured on the new platform is a…