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CrowdStrike-Microsoft Outage Cost Delta Air Lines $500 Million After 4,000 Flight Cancellations

CrowdStrike-Microsoft Outage Cost Delta Air Lines $500 Million After 4,000 Flight Cancellations

Delta Air Lines CEO Ed Bastian announced that a recent IT outage caused by a faulty CrowdStrike software update resulted in a $500 million loss for the airline and over 4,000 canceled flights.


Microsoft to Spend More Funding to Develop AI Infrastructure

Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.

Intel Announces Massive Job Cuts, Cites Cost-Cutting Measures

Intel announced that it was making thousands of jobs redundant in order to reduce costs and to be able to afford an ambitious effort to rebound from an earnings slump and recent weak market share performances.

iDeare Inc. Remodels the Design Process with Cutting-Edge Proprietary Technology

The founders of iDeare Inc., Andrea Dattilo (CEO) and Jeff Esposito (COO), knew there had to be a better way for homeowners and designers to complete remodeling projects.


Latest News

Social Security Falls Short for Gig Workers' Retirement Needs—What's the Solution?
The date a retiree receives their Social Security payments changes depending on their birthday and when they started receiving their benefits.
PayPal Outperforms Expectations with 9% Revenue Increase, Thanks to 'Branded Checkout'
PayPal raised its 2024 profit forecast for the second time this year due to strong performance in its branded checkout business, resulting in a 9% rise in shares, despite increased competition from tech giants.
China to Develop Home-Grown AI Solutions Using Supercomputers to Counter US Sanctions
China is turning to supercomputing to boost its AI capabilities in response to U.S. sanctions on advanced semiconductors and GPUs, which are crucial for developing large language models (LLMs).
Procter & Gamble's Stock Drops as Revenue Misses Expectations
Procter & Gamble's earnings beat expectations, but its revenue fell short, leading to a 4.6% drop in stock price despite a historical 1% increase in volume.
US Farmers Struggle with Extreme Heat; Higher Fruit and Vegetable Prices Expected
Record-breaking heat waves are expected to increase U.S. produce prices as extreme temperatures reduce crop yields. Farmers face higher growing costs and potential long-term impacts on key crops like corn and strawberries.
Air New Zealand Withdraws 2030 Emissions Initiative Due to Fuel Costs and Delays
Air New Zealand has dropped its 2030 climate goal due to challenges with fuel-efficient aircraft delivery and alternative fuel costs, making it the first major airline to revise near-term environmental targets.
Dubai's Tax-Free Lifestyle and Golden Visas Lure Wealthy Expats from UK
The UAE attracts millionaires due to its favorable tax environment and luxurious lifestyle. At the same time, the UK is expected to see a decline in its wealthy population due to rising taxes and costs.
Not a Happy Meal This Time: McDonald’s Reports First Drop on Global Sales in 3 Years
McDonald’s reported that its global sales dipped by 1% for the second quarter, the first time it has done so in over three years.
US to Announce Additional $500 Million Defense Boost to Philippines
US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin are in Manila this week to announce a $500 million defense funding to help the Philippines in its deterrence against China.
Delta Demands Compensation for Microsoft Cyber Outage
Delta Airlines has hired David Boies, prominent attorney and chair of law firm Boies Schiller Flexner, in order to seek damages from CrowdStrike and Microsoft after an outage this month that caused millions of computers to crash, including those in airports.
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