Jul 22 CrowdStrike customers and regulators are still waiting for details on what caused meltdown By Associated Press Cybersecurity firm CrowdStrike says a “significant number” of the millions of computers that crashed on Friday, causing global disruptions, are back in operation. Continue reading
Jul 21 Many small businesses struggle to resume normal operations days after global tech outage By Anne D'Innocenzio, Haleluya Hadero, Associated Press Major customers of Microsoft and CrowdStrike are getting IT support to resolve the issues stemming from a faulty software update that caused technological havoc worldwide on Friday, but smaller businesses whose computers may have received the problematic update are struggling. Continue reading
Jul 19 What we know about the massive tech outage causing worldwide disruptions By Associated Press At the heart of the massive disruption is CrowdStrike, a cybersecurity firm that says the problem occurred when it deployed a faulty update to computers running Microsoft Windows — with the company noting that the issue was not a security… Continue reading
Jul 19 Global technology outage disrupts flights, banks and companies around the world By Charlotte Graham-McLay, Elaine Kurtenbach, David McHugh, Haleluya Hadero, Associated Press Cybersecurity firm CrowdStrike said the trouble with the update it issued that was affecting computers running Microsoft Windows was not a security incident or cyberattack. Continue reading
Jul 18 More Americans apply for unemployment benefits as layoffs settle at higher levels in recent weeks By Matt Ott, Associated Press Jobless claims for the week ending July 13 rose by 20,000 to 243,000 from 223,000 the previous week, the Labor Department reported Thursday. It's the eighth straight week claims came in above 220,000. Continue reading
Jul 15 WATCH: Teamsters president Sean O’Brien speaks at Republican National Convention By Trey Brannon In his speech, he said the American worker is being taken for granted. Continue reading
Jul 12 U.S. wholesale inflation rose in June, sign that price pressures remain elevated By Paul Wiseman, Associated Press Wholesale prices in the United States rose by a larger-than-expected 2.6 percent last month from a year earlier, a sign that some inflation pressures remain elevated. Continue reading
Jul 11 Cooling inflation may pave way for interest rate cut soon By Christopher Rugaber, Associated Press Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve. Continue reading
Jul 10 Federal regulators fine Citigroup $136 million for taking too long to fix internal control issues By Ken Sweet, Associated Press The fines come from the Federal Reserve and the Office of the Comptroller of the Currency, which said in separate releases that Citigroup had failed to meet its obligations stemming from a 2020 consent order related to the bank's risk… Continue reading
Jul 05 U.S. employers add 206,000 jobs in June, sign of economic stability despite interest rates By Paul Wiseman, Associated Press Friday's report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000. Continue reading