Kate Johnson Contributor Kate Johnson is VP of PR at BLASTmedia. We can’t avoid hearing about the economic downturn. With SaaS multiples dropping from record highs, unicorn status — and funding in general — will be harder to come by in the next two years. We are operating in a bear market, which means reduced…
Monthly Archives: August 2022
In an unexpected turn of events, a ransomware operator has found itself on the receiving end of a distributed denial of service (DDoS) attack, all because they tried to leak stolen data. According to a BleepingComputer report, the LockBit group breached the servers of Entrust, an identity, payment, and data protection service provider, late last…
The euro will slip further away from parity with the dollar, according to Citi strategist Luis Costa. Petros Giannakouris/AP The euro could sink even further after hitting dollar parity, a Citi strategist told CNBC on Tuesday. The shared currency is already trading at 20-year lows as Europe’s energy crisis causes economic upheaval. “We’re in a…
The employee said that passengers should be prepared for the possibility of not having their bags. Anadolu Agency/Getty Images A London Heathrow worker said passengers’ low confidence in baggage handling is leading to delays. Speaking to The Telegraph, the worker said that travelers were bringing more hand luggage. It was taking longer for people to board…
AP Photo/Richard Drew Inflation should continue to fall and that can help US stocks return to rally mode, Leuthold Group’s Jim Paulsen told CNBC. “I think the rally will regain footing yet in the balance of this year,” he said, also noting brighter prospects for corporate earnings. US stocks staged a bear-market rally this summer…
Natural gas is vital to Europe’s economy. NurPhoto/Getty Images Europe is in the grip of an energy crisis, with Russia squeezing natural gas supplies as tensions run high over Ukraine. Natural gas and electricity prices are trading more than 1,000% higher than the levels seen in the 2010 to 2020 decade. Fears that the energy…
An interior view of a destroyed classroom at a school that was struck by a Russian airstrike in Mykolaiv Oblast on August, 18, 2022. Photo by Alex Chan Tsz Yuk/SOPA Images/LightRocket via Getty Images Russian forces have continued to target Ukrainian schools during the six-month-long war. To keep children safe, schools are rushing to build…
The return-to-work wars demonstrates a disconnect between some employers and employees, as many workers say they prefer working from home. Jasmin Merdan/Getty Images Amazon, Google, and EY are among many companies requiring employees to return to work. Apple workers launched a petition over the company’s return-to-office mandate. Insider spoke with 10 C-suite execs who shared…
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An inflation guard endorsement may cover up to 125% of your home’s replacement cost. Peter Cade/Getty Images New home sales plunged to an annualized pace of 511,000 units in July, the Census Bureau said. That landed below the median forecast of 575,000 units and marked the slowest rate since January 2016. Higher mortgage rates have…