FireEye CEO: Digital currency enables cybercrime
FireEye CEO Kevin Mandia talks with CNN’s Julia Chatterley about the acceleration of cybercrime and the risks of paying ransoms.
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New ransomware attack targets key IT vendor
by Brian Fung, CNN Business US cyber officials are tracking a major new ransomware attack by the same group that hit meat supplier JBS Foods this spring. This time, the REvil malware hit a wide range of IT management companies and compromised hundreds of their corporate clients. The cybercriminal gang, which is believed to operate
Continue ReadingThe highs and lows of Bill Cosby’s career
Bill Cosby has been convicted of aggravated indecent assault. The entertainer’s career spans five decades and includes several iconic shows, but much of his legacy has been damaged.
Continue ReadingWhy you still won’t find ‘The Cosby Show’ on many TV platforms
By Chauncey Alcorn, CNN Business Bill Cosby may be out of prison, but most major networks still aren’t showing reruns of “The Cosby Show.” Amazon Prime is the only major streaming service offering the 1980s sitcom for free to its subscribers. Amazon did not respond to multiple requests for comment about whether it will continue
Continue ReadingOPEC drama raises the specter of even higher gas prices
By Matt Egan, CNN Business OPEC and its allies are mired in a stalemate. American drivers could pay the price. For the second straight day, OPEC+ surprised observers Friday by failing to reach an agreement on whether to add more barrels to an oil market screaming for more supply. The group said it will try
Continue ReadingRichard Branson: ‘I would love Jeff Bezos to come and see our flight off’
By Jackie Wattles, CNN Business Richard Branson, the British billionaire and entrepreneur, announced late Thursday that he would attempt to go to space on July 11, just nine days before the world’s richest man, Jeff Bezos, will make his own spaceflight. But even as he effectively cut ahead of Bezos, Branson dismissed the notion of
Continue ReadingRichard Branson: ‘I would love Jeff Bezos to come and see our flight off’
By Jackie Wattles, CNN Business Richard Branson, the British billionaire and entrepreneur, announced late Thursday that he would attempt to go to space on July 11, just nine days before the world’s richest man, Jeff Bezos, will make his own spaceflight. But even as he effectively cut ahead of Bezos, Branson dismissed the notion of
Continue ReadingFTC charges Broadcom with monopolizing chip industry
By Brian Fung, CNN Business The Federal Trade Commission said Friday it has sued and settled with the technology giant Broadcom over allegations that the company sought to monopolize the supply of semiconductor chips. According to the complaint, Broadcom entered into exclusive anti-competitive deals with its business customers — including television and internet service providers
Continue ReadingFTC charges Broadcom with monopolizing chip industry
By Brian Fung, CNN Business The Federal Trade Commission said Friday it has sued and settled with the technology giant Broadcom over allegations that the company sought to monopolize the supply of semiconductor chips. According to the complaint, Broadcom entered into exclusive anti-competitive deals with its business customers — including television and internet service providers
Continue ReadingThe S&P 500 just hit its seventh straight record high
By Paul R. La Monica, CNN Business It’s lucky sevens for investors: The blue-chip S&P 500 index rose Friday to close at a record high for the seventh straight day following the strong jobs report. The last time the S&P 500 had this long a streak of all-time high closes was in June 1997, when
Continue ReadingDidi stock tumbles after China suspends registration of new users
By Moira Ritter, CNN Business Didi’s stock tumbled Friday after China’s Cyberspace Administration suspended the registration of new users from the company. The suspension comes just two days after China’s largest ride-hailing service, which forced Uber out of mainland China five years ago, went public on the NYSE in the biggest US share offering by
Continue ReadingTesla sales rise despite problems with chips and China
By Chris Isidore, CNN Business Tesla managed to sell more than 200,000 vehicles last quarter, even as the company faced rising prices, a PR disaster in China and a shortage of computer chips. The company also managed to build more than 200,000 cars over the past three months despite those enormous headwinds. The increase in
Continue ReadingThe US economy added 850,000 jobs in June
America’s labor market is still far from being back to normal – down 6.8 million jobs compared with February 2020. CNN’s Christine Romans reports.
Continue ReadingWhy you’re seeing fewer clothing sales right now
By Nathaniel Meyersohn, CNN Business If you feel like you’ve seen fewer blowout clothing sales at stores and online, you’re right. And you’re likely to see a near-absence of promotions even through the holidays later this year. Consumer demand for new wardrobes is soaring thanks to stimulus checks and pent-up demand built during the pandemic.
Continue ReadingWall Street dealmakers have never been busier
By Julia Horowitz, CNN Business There’s never been a better time for companies to raise funding from hot markets or make moves to scoop up their competitors. That’s been a huge boon to investment bankers, who are gearing up for another summer of juggling dealmaking with vacations. What’s happening: The US market for initial public
Continue ReadingWages are going up. Here’s what that means for the economy
By Julia Horowitz, CNN Business When the latest US jobs report goes live on Friday, investors and economists will be closely watching the number of jobs added in June. What’s happening: Employers are expected to have created 700,000 positions, pushing the unemployment rate down to 5.7%. That would be a strong reading, even though the
Continue ReadingThose annoying robocalls aren’t going to stop today. But they could slow down soon
By Clare Duffy, CNN Business The scourge of obnoxious robocalls has resumed after a brief dip during the early months of the pandemic. But a new prevention program developed by the Federal Communications Commission — which officially went into effect this week — could begin to offer some relief later this year. The program, called
Continue ReadingThose annoying robocalls aren’t going to stop today. But they could slow down soon
By Clare Duffy, CNN Business The scourge of obnoxious robocalls has resumed after a brief dip during the early months of the pandemic. But a new prevention program developed by the Federal Communications Commission — which officially went into effect this week — could begin to offer some relief later this year. The program, called
Continue ReadingRichard Branson: ‘Really doesn’t matter’ if I beat Jeff Bezos to space
British billionaire Richard Branson plans to beat fellow billionaire and rival Jeff Bezos to space. Branson’s company, Virgin Galactic, made a surprise announcement that he will attempt to fly in Virgin’s rocket-powered plane on July 11 — nine days before Bezos’s planned July 20th launch.
Continue ReadingRichard Branson will attempt to beat Jeff Bezos to space
By Jackie Wattles and Rachel Crane, CNN Business British billionaire Richard Branson plans to beat fellow billionaire and rival Jeff Bezos to space. Branson’s company, Virgin Galactic, made a surprise announcement Thursday that he will attempt to fly in Virgin’s rocket-powered plane on July 11 — nine days before Bezos’s planned July 20th launch. The
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