The FedEx cyber attacks may have been targeting something more than money, according to Ed Stroz, the former FBI head of computer crime. “Even though there’s a financial component in terms of the payload looking from ransomware, the deeper analysis shows that may not have been the main purpose,” Stroz, founder of cybersecurity firm Stroz […]
Read moreJim Cramer finally revealed the secret to how he picks a stock. One of the easiest ways for the “Mad Money” host to identify the stocks that should be on his radar is to look at the new-high list. These are stocks that hit a new high in trading for the day, especially on days […]
Read moreTwice in the space of six weeks, the world has suffered major attacks of ransomware — malicious software that locks up photos and other files stored on your computer, then demands money to release them. It’s clear that the world needs better defenses, and fortunately those are starting to emerge, if slowly and in patchwork […]
Read moreMicron is expected to report earnings after the market close on Thursday. Here’s what Wall Street expects, according to Thomson Reuters consensus estimates: EPS: $1.51 per share Revenue: $5.41 billion The stock has surged more than 40 percent so far this year, outperforming the S&P Information Technology sector, which gained about 16 percent over the […]
Read moreBlue Apron shares edged higher on Thursday, their first day of trading on the New York Stock Exchange. But despite reaching as high as $11 a share — $1 above the IPO price — Blue Apron’s gains are dismal compared to other recent IPOs. For instance: Shares of the year’s most hyped IPO, Snap, popped […]
Read moreThe Treasury unveiled new sanctions on Thursday in response to North Korea’s weapons program and its disregard for UN Security Council resolutions. Treasury Secretary Steven Mnuchin said in a statement that the department is “committed to protecting the U.S. financial system from North Korean abuse and maximizing pressure on the Government of North Korea until […]
Read moreNow that Citigroup has aced the Federal Reserve’s latest stress test, it needs a strategy. The $188 billion U.S. bank doubled its dividend and boosted its share buyback by $15.6 billion after clearing the exam. Chief Executive Mike Corbat has been understandably laser-focused on returning capital and appeasing watchdogs, objectives that eluded his predecessor and […]
Read moreChinese e-commerce giant Alibaba is working on a Chinese-language device to rival Amazon’s Echo, according to a report published Thursday by The Information. The device could come as early as next week, people familiar with the matter told The Information. The device could potentially understand Chinese voice commands and, like the Echo, allow Alibaba’s core […]
Read moreCarson Block is short Prothena, predicting one of its key drugs will not be effective. Block is chief investment officer of activist investment firm Muddy Waters Capital. He is known for his short selling research, which led to several government fraud investigations and financial restatements. “We are short PRTA. The publicly-available data, in our opinion, […]
Read moreThursday marks the 10th anniversary of the day Apple released the very first iPhone. CNBC already covered a bit of how the iPhone has changed since the original launched, but we also wanted to take a trip down memory lane. Here’s a list of every single iPhone Apple has launched since the original made its […]
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