A shopper leaves a Nike store in the Magnificent Mile shopping district in Chicago with a purchase on December 21, 2022. Scott Olson | Getty Images Nike shares plunged on Friday after the sportswear maker cut its fiscal year sales forecast, with sneaker retailer Foot Locker also feeling the blow. Nike fell more than 10%. … [Read more…]
Colored hacker code realistic composition with person creates codes for hacking and stealing information vector illustration Earlier this year, Ukrainian cybersecurity researchers discovered that the APT28 group exploited a zero-day exploit in Microsoft Outlook and launched these NTLM relay attacks. This vulnerability, designated CVE-2023-23397, is particularly concerning because it does not require user interaction to … [Read more…]
Moody’s move increases pressure on the government to do more to support markets Confidence in Chinese assets could deteriorate further, analysts said Beijing’s moves to boost the economy and markets have so far had only a modest impact SHANGHAI/HONG KONG, Dec 6 (Portal) – Moody’s negative outlook on China has intensified Beijing’s battle against market … [Read more…]
[1/2]A Chinese national flag flies at the headquarters of a commercial bank on a financial street near the headquarters of the People’s Bank of China, China’s central bank, in central Beijing, November 24, 2014. Portal/Kim Kyung-Hoon/File Photo ACKNOWLEDGE RIGHTS Dec 5 (Portal) – Ratings agency Moody’s cut its outlook for the Chinese government’s credit rating … [Read more…]
An employee works on a production line for producing steel structures at a factory in Huzhou, Zhejiang province, China, May 17, 2020. Picture taken May 17, 2020. China Daily via Portal/File Photo Rights Acquire China’s private PMI unexpectedly rises in November Manufacturing activity is declining in Japan and stabilizing in South Korea Weak global demand … [Read more…]
Stocks are heading for their best month since November 2020 Eurozone bond yields fall after weak data Treasury yields are set to post their biggest monthly decline since 2008 Oil prices are rising ahead of the postponed OPEC+ meeting Graphic: Worldwide exchange rates LONDON, Nov 30 (Portal) – Global stock markets edged higher on Thursday, … [Read more…]
28 minutes ago Tech companies are still recovering from an era of low interest rates, according to Bank of America According to Bank of America’s technology, media and telecommunications team, the technology sector is still feeling the effects of the period when real interest rates were below 1%. The company said that the waning effects … [Read more…]
The White House is seen at dusk on September 30, 2023 in Washington, DC. Samuel Corum | Getty Images Moody’s Investors Service on Friday cut its rating outlook for the U.S. government to negative from stable, citing rising risks to the country’s financial strength. The rating agency has affirmed the US’s long-term issuer and senior … [Read more…]