CrowdStrike Outage Highlights Risks of Rapid Software Updates

CrowdStrike Outage Highlights Risks of Rapid Software Updates

A widespread outage caused by a faulty CrowdStrike software update has raised concerns about the potential consequences of rapidly deploying the software. The incident, which disrupted operations at numerous companies and government agencies around the world, underscores the critical importance of rigorous testing and quality assurance processes. Experts believe the problematic code likely slipped past…

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IMF questions rapid rate-cutting path amid persistent inflation

IMF questions rapid rate-cutting path amid persistent inflation

The International Monetary Fund (IMF) has tempered expectations for rapid interest rate cuts, warning of increased inflation risks that could extend the Federal Reserve’s tightening cycle. While recent data have shown a cooling of headline inflation, the IMF points out that underlying pressures, particularly in services and wages, remain persistent. This suggests that the path…

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Netflix Beats Expectations With 34% Growth in Ad-Supported Subscribers

Netflix Beats Expectations With 34% Growth in Ad-Supported Subscribers

Netflix reported its second-quarter earnings on Thursday, demonstrating its dominance in the streaming industry with a significant increase in global subscribers and significant growth in its ad-supported subscription model. The streaming giant saw a 34% increase in ad-supported subscriptions during this period compared to the same quarter last year. Advertising has become a crucial revenue…

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Growing Calls for Biden to Withdraw from 2024 Election

Growing Calls for Biden to Withdraw from 2024 Election

A growing wave of congressional Democrats and former national security officials are urging President Joe Biden to step down from the 2024 presidential race. On Friday afternoon, 34 Democratic lawmakers publicly called on Biden to reconsider his candidacy. Biden’s campaign co-chair said the president is considering who would be the strongest candidate to uphold Democratic…

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Trump Signals Support for Powell to Continue as Fed Chairman if Elected in November

Trump Signals Support for Powell to Continue as Fed Chairman if Elected in November

In an interview with Bloomberg Businessweek, Republican presidential candidate and former U.S. President Donald Trump said he would allow Federal Reserve Chairman Jerome Powell to complete his term if he won the upcoming November election. “I would let him do it, especially if I thought he was doing the right thing,” Trump said. President Joe…

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Mid-Day Market Action: CrowdStrike, Plug Power, Comerica and More

Mid-Day Market Action: CrowdStrike, Plug Power, Comerica and More

Several stocks have seen significant mid-day changes in the market today. Among them are CrowdStrike, Plug Power, and Comerica. Here’s a closer look at the major players making headlines. Crowd Strike (CRWD) CrowdStrike has seen a substantial increase in its stock price, driven by an upbeat earnings report that beat Wall Street expectations. The cybersecurity…

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