CrowdStrike Shares Fall Again Due to Ongoing IT Issues
Shares of cybersecurity company CrowdStrike fell over 13% due to a global IT outage. Chief Security Officer Shawn Henry called it a “gut punch” for the company, which was once…
UK flights to face more delays after IT problems
Massive IT outages on Friday caused widespread disruptions to flights across the UK, and these delays and cancellations are expected to continue through the weekend. Although airports report that their…
Major Tech Failure Hits Airlines, Media, and Banks
A massive tech failure has hit banks, media outlets, and airlines worldwide, causing major disruptions. Australia is facing severe issues with grounded flights, chaotic checkout systems in supermarkets, and broadcast…
Dinosaur skeleton sold for record $44.6 million at auction
A huge dinosaur skeleton, called Apex, was sold for a record $44.6 million at a Sotheby’s auction in New York City, making it the most expensive fossil ever sold. Apex,…
Pound Reaches Highest Level Against Dollar in a Year
The British pound reached its highest level against the US dollar in a year on Wednesday. This happened because investors believe UK interest rates will stay high for a while.…
Chip Stocks Fall Over Fears of Stricter US Rules on China
Tech stocks around the world dropped due to fears about the global computer chip industry. This selloff happened after reports that the Biden administration might further restrict semiconductor equipment exports…
Chinese tycoon Guo has been found guilty in the US for a $1 billion scam.
Chinese businessman Guo Wengui, who lives outside China, has been found guilty in a US court for defrauding his online followers in a billion-dollar scam. He faces sentencing in November…
Musk to Relocate SpaceX and X Headquarters Due to Gender Identity Law
Elon Musk plans to relocate the headquarters of his companies SpaceX and X from California to Texas, citing objections to recent state laws, including one concerning disclosure of children’s gender…
Amazon workers barely vote against forming a union in a historic decision
The GMB union has just lost its bid to be officially recognized at the Amazon warehouse in Coventry. Out of the workers who voted, 49.5% supported the union, while 50.5%…
HSBC, a major UK bank, announces new CEO
HSBC, a big UK-based bank, has announced Georges Elhedery, 50, as its new CEO. He will start on September 2nd. This change follows the sudden retirement announcement of the current…