Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
Use these codes to save big at checkout. The post From mini dresses to denim: Save big on Forever 21’s new arrivals appeared first on In The Know.
Convertible cribs, jogging strollers and more baby goods you'll love for your bundle of joy.
Kevin Hollinrake, an aide to Michael Gove, tells HuffPost UK it will take 30 years to resolve the north-south divide.
The actor said it was a 'great life'.
The company, which sells sailing equipment and accessories, was formed as John Buckinghams around 500 years ago.
(Bloomberg) -- Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction.The company paid the hefty ransom in untraceable cryptocurrency within hours after the attack, underscoring the immense pressure faced by the Georgia-based operator to get gasoline and jet fuel flowing again to major cities along the Eastern Seaboard, those people said. A third person familiar with the situation said U.S. government officials are aware that Colonial made the payment.Once they received the payment, the hackers provided the operator with a decrypting tool to restore its disabled computer network. The tool was so slow that the company continued using its own backups to help restore the system, one of the people familiar with the company’s efforts said.A representative from Colonial declined to comment, as did a spokesperson for the National Security Council. Colonial said it began to resume fuel shipments around 5 p.m. Eastern time Wednesday.The hackers, which the FBI said are linked to a group called DarkSide, specialize in digital extortion and are believed to be located in Russia or Eastern Europe.On Wednesday, media outlets including the Washington Post and Reuters, also based on anonymous sources, reported that the company had no immediate intention of paying the ransom.Ransomware is a type of malware that locks up a victim’s files, which the attackers promise to unlock for a payment. More recently, some ransomware groups have also stolen victims’ data and threatened to release it unless paid -- a kind of double extortion.The FBI discourages organizations from paying ransom to hackers, saying there is no guarantee they will follow through on promises to unlock files. It also provides incentive to other would-be hackers, the agency says.However, Anne Neuberger, the White House’s top cybersecurity official, pointedly declined to say whether companies should pay cyber ransoms at a briefing earlier this week. “We recognize, though, that companies are often in a difficult position if their data is encrypted and they do not have backups and cannot recover the data,” she told reporters Monday.Such guidance provides a quandary for victims who have to weigh the risks of not paying with the costs of lost or exposed records. The reality is that many choose to pay, in part because the costs may be covered if they have cyber-insurance policies.“They had to pay,” said Ondrej Krehel, chief executive officer and founder of digital forensics firm LIFARS and a former cyber expert at Loews Corp., which owns Boardwalk Pipeline. “This is a cyber cancer. You want to die or you want to live? It’s not a situation where you can wait.”Krehel said a $5 million ransom for a pipeline was “very low.” “Ransom is usually around $25 million to $35 million for such a company. I think the threat actor realized they stepped on the wrong company and triggered a massive government response,” he said.A report released last month by a ransomware task force said the amount paid by victims increased by 311% in 2020, reaching about $350 million in cryptocurrency. The average ransom paid by organizations in 2020 was $312,493, according to report.Colonial, which operates the largest fuel pipeline in the U.S., became aware of the hack around May 7 and shut down its operations, which led to fuel shortages and lines at gas stations along the East Coast.(Updates with additional information on Colonial fuel service in fourth paragraph and comment in 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Shares of technology companies traded off the highest levels of the day while the broader U.S. equity market rallied as signs of strengthening labor market helped to temper concern over increasing price pressures.Telsa weighed on the tech-heavy Nasdaq 100 after Chief Executive Elon Musk said the electric-vehicle manufacturer is suspending purchases using Bitcoin, triggering a slide in the digital currency. Financials and utilities helped the benchmark S&P 500 halt a three-day slide. Energy was the only one of the 11 market sectors to decline. A report earlier showed producer prices increased by more than forecast in April, and jobless claims fell. “Taking a step back from inflation, the fact that jobless claims hit another pandemic-era low suggests we’re inching even closer to full reopening, which is no doubt a good thing,” said Mike Loewengart, managing director of investment strategy at E*Trade Financial.U.S. Producer Prices Top Forecasts, Adding to Inflation PressureConfidence that reigned supreme until two weeks ago on the U.S. economy and continued Federal Reserve stimulus has been jolted in the past week with non-farm payrolls falling far short of expectations and inflation rising by the most since 2009. While some investors insist the surge in consumer prices is a one-off reopening burst, the broader markets are hedging against the possibility it may persist and force the Fed to consider tapering its stimulus.“Markets have lost a little bit of confidence that the Fed has control of inflation” and the concern was that the central bank might wait too long to address the rise, Victoria Fernandez, Crossmark Global Investments chief market strategist, said on Bloomberg TV. “I am not sure the market is extremely comfortable with that at this point.”Musk tweeted that Tesla will no longer accept the digital currency for vehicle purchases due to environmental concerns.Alibaba dropped after reporting fourth-quarter results. While revenue beat estimates, the company posted a net loss after an antitrust fine.In Europe, earnings disappointments sent the benchmark gauge lower. BT Group Plc dropped as it missed estimates. Burberry Group Plc declined as guidance disappointed.Treasury markets were calmer, with the 10-year rate holding near 1.69%.Have your say on MLIV’s Question of the Day. Which Assets Hurt If CPI Isn’t Transitory?These are some of the main moves in markets:StocksThe S&P 500 rose 1.1%, more than any closing gain since April 23 as of 12 p.m. New York timeThe Nasdaq 100 rose 0.7%, more than any closing gain since May 7The Dow Jones Industrial Average rose 1.2%, more than any closing gain since March 26The Stoxx Europe 600 fell 0.1%The MSCI World index rose 0.2%, more than any closing gain since May 7CurrenciesThe Bloomberg Dollar Spot Index was little changedThe euro was little changed at $1.2068The British pound fell 0.2% to $1.4030The Japanese yen was little changed at 109.58 per dollarBondsThe yield on 10-year Treasuries declined three basis points, more than any closing loss since May 3Germany’s 10-year yield advanced zero basis points to the highest in more than 23 monthsBritain’s 10-year yield advanced one basis point, climbing for the fourth straight day, the longest winning streak since April 29CommoditiesWest Texas Intermediate crude fell 3.3%, the most since April 5Gold futures rose 0.1% to $1,826 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
In a demonstration of the vast opportunities available through WiFi-enabled appliance purchases, GE Appliances, a Haier company rolled out air fry upgrades during the month of April to the owners of more than 60 smart oven models across CAFÉ, GE Profile and Haier brands. With the firm belief in innovation that makes the lives of consumers easier, more efficient and more personalized, GE Appliances drives a mindset that we are "Better When Connected."
13 May 2021
The "United States Melon Market by Types, Production, Import, Export, Company Analysis, Forecast" report has been added to ResearchAndMarkets.com's offering.
Kinetic by Windstream, a long-trusted community partner for high-speed internet, today announced a partnership with St. Johns County that will expand high-speed broadband service to almost 200 locations throughout the county.
Interline Therapeutics, a Foresite Labs incubated company focused on systematically elucidating protein communities to define molecular mechanisms of disease, announced today that the company has raised $92 million. Foresite Capital and ARCH Venture Partners co-led the financing, which will be used to expand the research platform and advance six preclinical therapeutic programs.
The Donate Life Rose Parade® Float Celebrates 19 Years in the Rose Parade And Announces Its 2022 Float Theme, "Courage to Hope"
SeekMedicare, developers of a data-driven Medicare-matching platform, announced today that Marty Martin joined the team as Chief Revenue Officer. SeekMedicare was founded to empower and educate Medicare consumers and to connect them with trusted, objective advisors who will help them to find the right coverage for their unique needs.
The films are set to feature appearances from the likes of Cardi B, Emilio Estefan and the reunion of Aventura
Dollar Tree (NASDAQ: DLTR) is one of the few brick-and-mortar retailers that expanded even as the "retail apocalypse" wiped out many other businesses. The over-expansion of retail stores and the rise of online marketplaces sparked that secular decline, which was then exacerbated by the financial crisis and recent pandemic. Dollar Tree's stock has advanced more than 40% over the past five years.
The "Game of Thrones" star's Instagram video castigated photographers for going after her infant daughter Willa, who "did not ask for this life."
British mobile operator O2 said on Thursday it would pay its staff a 1,930 pound ($2,709) bonus as it reported record high earnings for the first quarter, ahead of its merger with Liberty Global's Virgin Media. Mark Evans, chief executive of Telefonica-owned O2, said the efforts of the company's 6,500 staff during the pandemic had driven earnings and pushed the number of connections on its network up to 36.6 million, also a record high, in the January-March quarter.
The new couple are making their love public and permanent.
Hyundai plans to invest $7.4 billion in the U.S. by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions. Hyundai Motor Group, which includes Hyundai Motor Co. and Kia Corp., said Thursday that Hyundai and Kia will invest in growing its electronic manufacturing footprint to scale production and satisfy U.S. market demands. Hyundai Motor will offer a variety of American-made electric vehicles to U.S. consumers starting next year.