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What’s happening in finance today.

What happens all around us affects the markets – and what affects the markets affects our financial security. Keep in touch with everything of interest that’s happening from a wide variety of general news and financial sources curated by our team. The world is ever-changing: keep up with what’s happening right here, your “one stop shop” for everything we’ve spotted that can affect the markets.

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ByteDance, the owner of global hit short video platform TikTok, has lost a legal challenge that sought to reverse a European Union decision stating that the firm should not favour its own service over rivals. In a ruling on Wednesday, the EU General Court said it "dismissed ByteDance's action" seeking to avoid it being designated as a "gatekeeper" under the Digital Markets Act (DMA), which took effect in March. The gatekeeper label, which applies to six other tech giants - Google owner Alphabet,

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20 Jul, 2024 / 09:30

Investing in the S&P 500's tech sector components can give investors the best of both worlds.

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20 Jul, 2024 / 09:20

ASML, Broadcom, and Micron could head even higher over the next few years.

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20 Jul, 2024 / 08:10

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Friday said that the EV company was affected by the recent global IT outage which gave a ...

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20 Jul, 2024 / 07:05

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk slammed Microsoft Corp.'s (NASDAQ:MSFT) Satya Nadella following the massive IT outage caused by a ...

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20 Jul, 2024 / 06:18

The global IT outage, which has been attributed to a software update from cybersecurity firm CrowdStrike Holdings Inc. (NASDAQ:CRWD), ...

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20 Jul, 2024 / 06:13

Hundreds of thousands of people have had their foreign summer holidays thrown into jeopardy by a global IT outage that caused chaos at British airports on Friday.

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20 Jul, 2024 / 01:41

Thousands of US flights were grounded Friday as a technical disaster plagued government agencies and businesses worldwide – leading to countless stranded passengers, canceled medical procedures and disrupted 911 services.

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20 Jul, 2024 / 01:09

Many in the market are looking to the two members of ‘the Magnificent 7’ who report quarterly results this week to help reverse the stock market’s recent weakness.

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20 Jul, 2024 / 01:00

(Bloomberg) -- In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from cybersecurity firm CrowdStrike Holdings Inc. crashed countless Microsoft Windows computer systems around the world on Friday.Most Read from BloombergZuckerberg Calls Trump’s Response to Shooting ‘Badass’From ATMs to Flights, Epic IT Crash Leaves Trail of ChaosCrowdStrike’s Global Outage Doesn’t Have to Be a Recurring NightmareTravel Chaos Mounts as Airlines Resume Flight

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20 Jul, 2024 / 00:21

An update from cybersecurity-software firm CrowdStrike caused outages for millions of users of Microsoft Windows devices.

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20 Jul, 2024 / 00:21

If you do business on Microsoft computers with CrowdStrike software, you had one hell of a day today. Millions of people and thousands of major businesses were impacted.

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19 Jul, 2024 / 23:40

Airlines spent hours digging out from a tech outage that left airports snarled and passengers stranded, resulting in a chaotic, confusing and frustrating travel day. Operations gradually improved throughout the day as systems came back online, but cancellations and delays piled up as the disruption left planes and crews out of place and created backups at airports. Around 2,600 U.S. flights had been canceled as of Friday afternoon—akin to a major snowstorm, but with the impact spread across the country.

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19 Jul, 2024 / 22:26

Tech-heavy markets are feeling the brunt of the global IT outages linked back to a CrowdStrike (CRWD) software update on Microsoft Windows systems (MSFT). Julie Hyman and Josh Lipton monitor these market moves in Friday's final trading hour in this episode of Market Domination. Microsoft corporate vice president and deputy CISO Ann Johnson comes onto the program to explain how and why these outages occurred, believing it to be linked to "something that was unexpected" and beyond CrowdStrike's control. Baird managing director and market strategist Michael Antonelli talks about whether markets (^DJI, ^IXIC, ^GSPC) still have room to grow as investors move out of Big Tech and eye the uncertainty surrounding the 2024 election and Federal Reserve interest rate cuts: "I want everybody to remember the US economy is not an on-off switch. It's a dimmer... It grows brighter, grows darker. That's how it works." Top trending stock tickers on the Yahoo Finance platform today also include Travelers Companies (TRV), Intuitive Surgical (ISRG), and Starbucks (SBUX). This post was written by Luke Carberry Mogan.

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19 Jul, 2024 / 21:40

The stock market, including the Dow Jones, fell amid a mass tech outage caused by CrowdStrike. New inflation data and Tesla earnings loom.

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19 Jul, 2024 / 21:39

A single update from cybersecurity-software company CrowdStrike caused outages Friday for millions of users of Microsoft Windows devices worldwide. CrowdStrike is a major provider of malware and virus protection to a wide array of companies. One of its main services is called Falcon, which monitors a company’s machines for hacking attempts, viruses and other threats.

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19 Jul, 2024 / 21:39

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the start of the third quarter of 2024 showed a big divergence of returns.

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19 Jul, 2024 / 21:28

The CrowdStrike (CRWD) outages did more than just sink the cybersecurity provider's stock on Friday; a CrowdStrike update to Microsoft Windows (MSFT) systems led to worldwide tech outages and massive headaches for banks, airlines, and even emergency services. Market Domination host Julie Hyman details the pain points felt by these industries over the course of the day. Notably, Delta Air Lines (DAL) reported a whopping 777 cancelled flights globally. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan. Yahoo Finance extensively covered the CrowdStrike incident throughout the course of the day: Explainer: How CrowdStrike knocked the world offline Global tech outage: Microsoft VP explains what went wrong CrowdStrike update leads to global outage: Industries affected Understanding the CrowdStrike outages, errors in IT space CrowdStrike shares fall more than 13% as global IT outage grounds flights, cuts off 911 access CrowdStrike 'too critical a tool' to cast off after outages CrowdStrike still reputable, blowback will be short: Expert IT outage opens questions about consolidation in tech: Analyst Global tech outage disrupts businesses, flights

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19 Jul, 2024 / 21:27

Barron’s has been warning about the market’s tech-heavy concentration for years. This past week is why.

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19 Jul, 2024 / 21:20

While tech-stock investors aren’t necessarily known for tuning out hype, the software company has a surprising cohort of diehard fans that are.

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19 Jul, 2024 / 21:11

CrowdStrike shorts were the "big winners" after the cybersecurity company caused a global outage, sending its stock lower, according to S3 Partners.

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19 Jul, 2024 / 20:57

It's a software update that had huge repercussions. All around the globe, companies have faced technology troubles after an update from cybersecurity firm CrowdStrike (CRWD) impacted Microsoft (MSFT) systems. It led to delayed and canceled flights, stores closing their doors for the day, and headaches for millions. CrowdStrike CEO George Kurtz posted on X the outage wasn't caused by a cyberattack and that a fix had been deployed. Many believe it could take a few days for all systems to be fully back online.  Microsoft corporate vice president and deputy CISO Ann Johnson tells Market Domination about what went wrong. Johnson used the analogy of updating an app on your smartphone overnight. That's basically what CrowdStrike did; they issued an update overnight, and that update ended up roiling systems. Johnson explains that Microsoft is working with CrowdStrike to help those customers who were impacted by the update, adding that Microsoft has engineers working to help businesses implement the fix.  Johnson says it's hard to say how long it will take for all issues to be fully resolved, but ultimately believes CrowdStrike likely did test the update thoroughly and that the problem was "something that was unexpected."  For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.

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19 Jul, 2024 / 20:47

The most popular trades got so crowded that when investors tried to do some normal profit-taking, they brought major indices with them.

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19 Jul, 2024 / 20:46

In a week packed with global breaking events, both the S&P 500 and the Nasdaq 100 indices marked their worst weekly performance in ...

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19 Jul, 2024 / 20:36