CROWDSTRIKE
US stock market futures rise ahead of key jobs data release — what investors need to know about Dow, S&P 500, Nasdaq, tariffs, and economic outlook
US stock market future updates show Dow futures rising 60 points ahead of key jobless claims data and the ECB rate decision. Despite weak private payrolls and services PMI reports, traders stay hopeful as S&P 500 and Nasdaq futures hover near flat. Gold nears record highs, and Brent crude holds above $65 amid Saudi calls for more OPEC+ output. The US Dollar index dips below 99, reflecting economic worries. Investors await Friday’s official jobs report and the ECB’s rate announcement, which will guide market direction in the coming days.
Wall Street ends narrowly mixed in choppy trade on weak economic data
US stock market saw a mixed closing. S&P 500 was flat, Nasdaq rose slightly, and Dow Jones fell. Trade policies and weak economic data impacted market performance. The services sector contracted, and input prices increased. Investors are awaiting further labor market data. Tariff negotiations between the US and its trading partners remain a key focus for investors.
CrowdStrike hit by weak forecast, US government request for information
The company said on Wednesday US regulators have asked it about certain transactions as well as the July 19 outage. It earlier forecast second-quarter revenue below estimates, partly due to an incentive program meant to retain customers after the outage.
US stocks ticked slightly higher after private payrolls data
U.S. stocks edged higher, nearing record levels as the S&P 500 climbed, fueled by positive earnings reports from companies like Hewlett Packard Enterprise and Wells Fargo's regulatory relief. However, a weaker-than-expected ADP jobs report triggered concerns about the labor market's strength, prompting speculation about potential Federal Reserve interest rate cuts.
CrowdStrike forecasts downbeat second-quarter revenue, shares fall
The Department of Government Efficiency's efforts to cut costs could negatively impact the cybersecurity forecast for 2025 as the US federal, state and local government contract environment appears to be significantly more challenging, brokerage William Blair said in April. CrowdStrike also faces stiff competition from other cybersecurity firms including Palo Alto Networks and Fortinet.
'Forest Blizzard' vs 'Fancy Bear': Microsoft, Google, Crowdstrike hope to untangle weird hacker nicknames
Microsoft, CrowdStrike, Google, and Palo Alto Networks are collaborating to create a public glossary of state-sponsored hacking groups, aiming to standardize the confusing array of nicknames currently used. This initiative seeks to improve clarity and accelerate collective defense against cyber threats.
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U.S. stock markets fall sharply as Dow, S&P 500, and Nasdaq slip amid escalating US-China trade tensions, rising oil prices, and Russia-Ukraine conflict — what investors need to know today
US Stock market today saw a pullback as fresh US-China trade tensions rattled investors. The Dow dropped 0.7%, S&P 500 fell 0.5%, and Nasdaq slipped 0.3%. Rising tariff threats, mixed court rulings, and slowing growth sparked worries. With key economic data and Fed speeches ahead, traders stay cautious. Gold gained as a safe haven amid geopolitical concerns. Earnings reports from CrowdStrike, Broadcom, and others round out the week.
US stock market futures fall: Dow, S&P 500, Nasdaq drop as US-China trade war fears reignite and Russia-Ukraine crisis sparks global selloff
US Stock market future today saw a pullback as Dow, S&P 500, and Nasdaq futures dropped amid rising US-China trade tensions and escalating concerns over the Russia-Ukraine war. China responded to U.S. tariff claims, reviving fears of a prolonged trade conflict. Meanwhile, Ukraine’s latest drone strikes on Russia added pressure, pushing investors toward safer assets like gold. The U.S. dollar weakened, and attention now shifts to key economic reports, including Friday’s nonfarm payrolls data. After a strong May rally, Wall Street faces a tense start to June. Dive into the full story for the latest updates on global risks shaking the markets.
AI could cut half of all entry-level white collar jobs: Anthropic CEO
Amodei, who leads one of the world's largest AI companies, has warned that significant job cuts could occur within five years, urging consumers and US lawmakers to prepare, according to Axios. He also criticised the government and other AI companies for "sugar-coating" the coming reality: the potential for mass job eliminations across various white-collar professions, particularly at the entry level, including technology, finance, law, and consulting.
AI is not increasing productivity or leading to job losses, finds a study
A recent study indicates that AI's impact on employee pay and hours has been minimal, despite its rapid adoption. While some companies like CrowdStrike and Duolingo are cutting staff in favor of AI, others, such as Klarna, are bringing back human workers after AI failed to meet expectations in customer service quality.
Microsoft Layoffs: AI’s rise brings a wave of tech layoffs, but CEOs say it’s not about replacement
Microsoft Layoffs: The AI race is reshaping global tech, but Google CEO Sundar Pichai insists there won’t be just one winner. While AI is transforming how companies work and hire, it’s also triggering mass layoffs, with over 50,000 tech jobs lost in 2025 so far. Leaders like Indeed’s Chris Hyams say AI won’t steal jobs, but will definitely change them. Amid surging investment and restructuring, the future of work appears less about replacement and more about rapid, inevitable transformation.
Microsoft Layoffs: Tech giant trims fat to feed AI growth, 6,000 jobs gone — here’s who’s out, who’s safe
Microsoft Layoff News: Microsoft has laid off over 6,000 employees, about 3% of its global workforce, despite reporting strong earnings. These cuts primarily target high-salary roles, middle management, and senior engineers, in an effort to offset the massive $80 billion AI investment and maintain investor-expected profit margins. While junior roles are being automated, senior staff are now deemed costly. As AI reshapes the tech workforce, only those supporting core AI and infrastructure operations appear relatively secure, highlighting a ruthless new normal across the sector.
Delta can sue CrowdStrike over computer outage that caused 7,000 canceled flights
The Atlanta-based judge also let Delta pursue a computer trespass claim, and a narrowed claim that CrowdStrike fraudulently promised not to introduce an "unauthorised back door" into the carrier's computers. In a statement on Monday, CrowdStrike's lawyer Michael Carlinsky said he was confident the judge will find Delta's case has no merit, or will limit damages to the "single-digit millions of dollars" under Georgia law.
Company replaces 700 employees with AI, two years later, it's rehiring humans as AI falls short
Klarna, the buy-now-pay-later firm, will increase human hires after AI customer service fell short of expectations. Despite cost savings from AI automation, CEO Sebastian Siemiatkowski admitted the quality wasn't up to par. This shift reverses earlier workforce reductions driven by AI adoption, mirroring similar trends at companies like CrowdStrike, Duolingo, and Microsoft.
After firing 700 employees for AI, Swedish company admits their mistake and plans to rehire humans. What went wrong?
Swedish fintech company Klarna is reversing its decision to replace human employees with AI after facing declining service quality. After laying off around 700 workers and heavily investing in AI for customer service and marketing tasks, the company has acknowledged that cost-cutting was prioritized over quality. CEO Sebastian Siemiatkowski admitted the AI agents failed to meet expectations, prompting Klarna to begin rehiring human workers, particularly for remote customer support roles.
US stocks nosedive after Fed keeps rates unchanged amid tariff uncertainty
US stock indexes saw a sharp decline after the Federal Reserve kept rates steady. Alphabet's shares significantly impacted Nasdaq. The Fed cited risks to inflation and unemployment goals. Traders anticipate a rate cut by July. Market awaits policy clues amidst trade tensions. Disney's stock rose, boosting the Dow. Trade discussions between the US and China are expected.
US stocks edge up on China trade de-escalation hopes; Fed rate decision in focus
Wall Street's main indexes opened slightly higher on Wednesday as investors hoped for a de-escalation in trade tensions with Beijing and awaited the Federal Reserve's decision on interest rates later in the day.
Can you believe this? North Korean hackers pose as U.S developers in Fortune 500 firms, funnel millions to Kim Jong Un's nuclear weapons programs
North Korean hackers have secretly infiltrated U.S. tech companies, posing as American software engineers to fund Kim Jong Un’s nuclear weapons program. Using fake résumés, stolen identities, and remote tools, these IT workers have landed real jobs at Fortune 500 firms, funneling millions back to North Korea. AI tools and stealthy tactics make detection harder, even fooling recruiters and HR teams. This shocking operation is fueling threats far beyond cyberspace—it's funding weapons of mass destruction.
Saviynt hires former CrowdStrike executive Nitin Varma to lead operations for India, SAARC
The firm has nearly 600 employees in India serving all corporate functions. Varma’s appointment will strengthen its go-to-market effort, and he will be leading customer acquisition efforts, building and enhancing technical and consulting partnerships, the company said in a statement.
Crowdstrike executive to testify before Congress on IT outage
Adam Meyers, senior vice president for counter adversary operations at CrowdStrike, will testify before the House Homeland Security cybersecurity and infrastructure Protection subcommittee, the panel said Friday.
CrowdStrike rejects Delta Air Lines claims over flight woes
CrowdStrike reiterated its apology to the airline operator, but said in a letter from an external lawyer that it is "highly disappointed by Delta's suggestion that CrowdStrike acted inappropriately and strongly rejects any allegation that it was grossly negligent or committed misconduct." Delta canceled more than 6,000 flights over a six-day period, impacting more than 500,000 passengers.
CrowdStrike is sued by shareholders over huge software outage
CrowdStrike faces a lawsuit from shareholders over claims of deceptive software testing assurances following a global outage impacting millions of computers. The incident led to service disruptions and a sharp decline in the company's stock price. The shareholders seek unspecified damages for Class A shares held between the specified dates.
CrowdStrike clarifies: $10 gift cards offered to teammates & partners, denies it as compensation for the outage
CrowdStrike, a cybersecurity firm, apologized for a faulty update that crashed 8.5 million computers globally, offering a $10 Uber Eats gift card to affected users. The update, intended to improve threat detection, caused widespread disruptions in aviation and healthcare sectors. Some users reported issues redeeming the gift card. CrowdStrike reverted the defective update the same day.
What exactly led to the Microsoft global outage? CrowdStrike finally shares major details
CrowdStrike, the cybersecurity firm that works for Microsoft's overall cyber protection for its applications and services, has revealed some major details around what led to the massive global IT outage, that affected businesses and services all across the globe.
CrowdStrike says bug in quality control process led to botched update
Friday's outage happened because CrowdStrike's Falcon Sensor, an advanced platform that protects systems from malicious software and hackers, contained a fault that forced computers running Microsoft's Windows operating system to crash and show the "Blue Screen of Death".
CrowdStrike issues warning on hacking threats as Microsoft outage continues creating havoc
The damages incurred from the massive global outage due to a Microsoft CrowdStrike issue has still not waned yet, with multiple institutions still recovering from the technical issues. Meanwhile, CrowdStrike has warned about hacking threats that may affect users amid this outage scenario.
ET Explainer: how a CrowdStrike update knocked the world offline
After a CrowdStrike update caused errors in Microsoft Windows, affecting 8.5 million devices worldwide, both companies explained the July 19 incident. CrowdStrike's update led to a logic error in Windows, causing devices to display the blue screen of death. The update aimed to protect Windows devices but had unintended consequences.
Microsoft's CrowdStrike issue can take weeks to fix, claim experts; Here's what you can do in the meantime
Microsoft is currently in the headlines for all the wrong reasons after a global outage of its applications and services shook the entire world. Passengers were left stranded at airports, banks and stock markets came to a halt, while everything else was in pandemonium. Now, experts are saying that the CrowdStrike issue due to which everything transpired, would take weeks to fix.
CrowdStrike: All you need to know about cybersecurity giant behind global IT outage
CrowdStrike, the cybersecurity company behind a massive global IT outage, is the leader in its sector, known for building software defenses for the cloud computing age and exposing Russian and North Korean threats. But cloud computing giants Microsoft, Amazon and Google provide their own cybersecurity software and are also rivals.
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