While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia were mixed on Tuesday, as the People's Bank of China published its new loan prime rates which would result in cheaper borrowing costs for companies.Asia Marketsread more
Intel shares fell again Thursday morning amid revelations surrounding widespread security exploits that could affect almost every type of electronic device.
Although the vulnerabilities, called Meltdown and Spectre, affected leading processors in many devices, Intel is bearing most of the fallout after rival AMD distanced itself from the bulk of the issues. Intel shares were down nearly 5 percent, around $43 apiece, after posting a 3 percent decline on Wednesday.
Intel CEO Brian Krzanich told CNBC on Wednesday evening that his company had been working with researchers at Google for a couple of months on fixing a security exploit. The company said the exploit, which was first leaked to industry bloggers at The Register, has likely never been used by any bad actors.
The vulnerabilities could theoretically allow a hacker to steal information stored in the memory of chips themselves: One, dubbed Meltdown, is known to affect Intel chips, while another, Spectre, could affect chips from many vendors, including Intel as well as AMD and Arm. Microsoft, Amazon and Google all said they are rolling out fixes for the issues.
Additionally, Intel's CEO sold shares during the period that the exploit was being addressed, according to a Dec. 1 SEC filing, although some of those stock sales were planned in advance, as part of an Oct. 30 agreement. According to those filings, Krzanich owned 250,000 shares at the end of the transaction, the minimum level required by Intel's proxy statement.
Some on Wall Street think that Intel's loss could mean gains for rivals: AMD and Nvidia could use it as a "marketing edge, " according to Mizuho Securities analyst Vijay Rakesh.