Why CrowdStrike is likely shielded from billions in customer losses caused by its outage
The outage is believed to have caused $5.4 billion in losses for big enterprises — but various factors help insulate the cybersecurity company. READ SOURCE...
Companies and Markets
Sabotage hits French railways hours before Olympics opening ceremony
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.France has suspended high-speed rail services across much of the country after the network was hit by sabotage attacks hours before the...
Typhoon Pounds China’s Fujian After Lashing Taiwan, Manila
A huge typhoon pounded coastal towns on China’s Fujian province with heavy rains and strong winds on Friday after leaving a trail of destruction in the Philippines and Taiwan. Typhoon Gaemi is the most powerful storm to hit the...
Upbeat sales in Hoka, Ugg brands prompt a boost to outlook at Deckers
Deckers upped its profit forecast for the year and mentioned “robust full-price demand” for its Hoka and Ugg brands. READ SOURCE...
The Price of Downtime: Why Security Matters
The resurgence of nearshoring and reshoring has dispersed electronics manufacturing facilities across the globe. Heavy reliance on digital platforms, coupled with the sensitive nature of data and intellectual property, has heightened the risk of cyberattacks within this sector. A recent...
Carmakers face a painful hit from this consumer crash
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The post-pandemic consumer boom has lasted longer than expected. But the lesson from recent results is that — at some point —...
China’s Central Bank in Surprise MLF Loan at Low Rate
The People’s Bank of China sprung a second surprise this week, by extending a loan on Thursday at steeply lower rates. The move involved a medium-term lending facility (MLF) operation with the central bank issuing 200 billion yuan ($27.5...
ServiceNow’s stock pops as earnings beat reflects upbeat AI growth
ServiceNow is boosting its revenue outlook for the full year following upbeat results in its most recent quarter. READ SOURCE...
Brad Jacobs’ few billion dollars are another Spac squeeze
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.How to Make a Few Billion Dollars is the new bestselling book from the American entrepreneur Brad Jacobs. Jacobs, conveniently, happens to...
Samsung Electro-Mechanics, AMD Collaborate to Supply High-Performance Substrates
Samsung Electro-Mechanics (SEMCO) announced a collaboration with AMD to supply high-performance substrates for hyperscale data center compute applications. These substrates are made in SEMCO's hub in Busan, South Korea, and the newly built factory in Vietnam.SEMCO's investment of $1.3 billion in the FCBGA factory underscores its commitment...