FBI Director Christopher Wray testifies before a House Judiciary Committee hearing on “oversight of the Federal Bureau of Investigation” and alleged politicization of law enforcement, on Capitol Hill in Washington, July 12, 2023. Jonathan Ernst | Reuters The FBI shut down a major China-backed hacking group that attacked hundreds of […]
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Meta’s continued rally could hinge on the fortunes of upstart retailers Temu and Shein
Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016. Shu Zhang | Reuters Like many Facebook and Instagram users, marketing veteran Victor Lee is inundated with ads from Chinese online […]
Trump campaign chief urges Republican megadonors to ignore Trump’s words, focus on primary lead, sources say
Former U.S. President Donald Trump waves to his supporters as he departs to attend his second civil trial in E. Jean Carroll’s defamation suit against him, outside Trump Tower in the Manhattan borough of New York City, Jan. 26, 2024. Eduardo Munoz | Reuters A top advisor to Donald Trump‘s […]
FBI shut down China’s ‘Volt Typhoon’ hackers targeting U.S. infrastructure
The FBI shut down a major China-backed hacking group that attacked hundreds of routers and had been working to compromise U.S. cyber infrastructure, FBI Director Christopher Wray announced Wednesday at a House committee hearing. The hacking group, code-named “Volt Typhoon,” had compromised hundreds of office and home-office routers to allow […]
PGA Tour secures up to $3 billion from U.S. investors as LIV Golf merger hangs in the balance
The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. Fred Kfoury | Icon Sportswire | Getty Images A U.S. consortium has agreed to invest up to $3 billion into the PGA Tour, the professional […]
CEOs of Meta, TikTok, X, Snap and Discord testify at hearing on child safety
Mark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social media executives are facing a grilling from lawmakers concerned about child exploitation and safety on their services. The three CEOs—who lead Meta, X (formerly known as Twitter) and Snap, respectively—are in Washington on Wednesday alongside TikTok CEO Shou Zi Chew […]
Walmart plans to add more than 150 large-format stores across the U.S.
An exterior view of a closing Walmart store in Everett. A Walmart store in Everett, Washington, announced its closure and is currently in a liquidation sale. With this, a lot of Walmart employees have lost their jobs. Chin Hei Leung | Lightrocket | Getty Images Walmart already has a huge […]
Starbucks’ earnings report was weak — but Wall Street expected worse
A customer exits a Starbucks store in Manhattan on Jan. 30, 2024, in New York City. Spencer Platt | Getty Images Wall Street is shaking off Starbucks’ weak quarterly report, seemingly taking executives at their word that the company’s challenges are “transitory.” The coffee giant’s stock ticked higher in morning […]
GSK posts blowout RSV vaccine sales, raises outlook as shots give big pharma a boost
Company logo of pharmaceutical company GlaxoSmithKline is seen at their Stevenage facility, Britain October 26, 2020. Dado Ruvic | Reuters GlaxoSmithKline on Wednesday lifted its long-term outlook following the smash-hit launch of its new RSV vaccine. The shot targeting the severe and in some cases life-threatening virus booked around £1.2 […]
Private payroll growth slowed to just 107,000 in January, below expectations, ADP reports
A 7-Eleven convenience store has a sign in the window reading “Now Hiring” in Cambridge, Massachusetts, U.S., July 8, 2022. Brian Snyder | Reuters Private payroll growth declined sharply in January, a possible sign that the U.S. labor market is heading for a slowdown this year, ADP reported Wednesday. Companies […]