Wiz, a rapidly growing cloud security startup, recently made headlines by turning down a $23 billion acquisition offer from Google. Co-founder Assaf Rappaport cited antitrust and investor concerns as the primary reasons behind the decision. The company had been eyeing an initial public offering and achieving $1 billion in annual recurring revenue even before the
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Warren Buffett, the legendary investor known as the “Oracle of Omaha,” has implemented a strategic buyback program at Berkshire Hathaway in recent years. The conglomerate has repurchased nearly $75 billion worth of its common stock over the past five and a half years, eliminating more than 10% of the company’s total shares outstanding. This move
In the wake of the widespread disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, malicious actors are taking advantage of the chaos to further their own nefarious agendas. Government cybersecurity agencies and CrowdStrike CEO George Kurtz have issued warnings to businesses and individuals globally about the emergence of new phishing schemes. These
On Friday, cybersecurity firm CrowdStrike released an update that resulted in a major outage affecting businesses worldwide. The company revealed to NBC that they are currently working on rolling back the update to address the issue. It is important to note that this outage was not caused by a hack or any malicious activity. Despite
China, known as the world’s largest producer and consumer of beer, is anticipated to witness a significant recovery in beer consumption during the second half of this year. This recovery is forecasted to be especially favorable for premium offerings. CGS International analysts foresee a rebound in beer consumption levels in the latter part of the
Taiwan’s defense ministry announced on Saturday that it is closely monitoring “waves” of missile tests conducted by China in the far northern region of Inner Mongolia. This comes as tensions between the two territories continue to escalate, with China asserting its claim over Taiwan as its own territory. In response to the missile tests, Taiwan
In recent days, the Dow Jones Industrial Average achieved a remarkable milestone as it soared to a new high, reaching above the 40,000 mark. The surge was primarily driven by gains in stocks such as Home Depot and Caterpillar, signaling a shift in investor sentiment towards sectors outside of the typical technology bull market leaders.
The U.K. economy experienced a growth of 0.4% in May, exceeding expectations and signaling a positive trend for the nation following a period of economic uncertainty. This growth is a welcome development after the country exited a shallow recession earlier in the year. The increase in GDP was driven by the growth of the dominant
Chinese exchange-traded funds (ETFs) have experienced an exceptional growth trajectory over the past five years, with inflows consistently reaching new highs. According to Morningstar, annual inflows to China ETFs surged nearly fivefold in the last three years alone. This phenomenal growth is evident in the data provided by the American financial services firm, showing total
The situation in Barcelona, Spain, regarding mass tourism has escalated to new heights as protests erupted in the city streets. On a bustling Saturday, angry demonstrators took to the neighborhood of Barceloneta to voice their frustrations with the influx of tourists in the city. The scene was chaotic, with protesters blocking hotel entrances and cafes