Monthly Archives: August 2022

Hackers are stealing browser cookies to glide past MFA

Multi-factor authentication is a great way to keep cybercriminals at bay, but some are apparently getting pretty good at bypassing this type of protection by stealing application and browser session cookies.  Cybersecurity researchers from Sophos say they’re observing an increasing appetite for cookies, among malware of all sophistication levels. From infostealers such as Racoon Stealer,…

Grado unveil new X Series wooden headphones with all-new drivers

Grado has taken the wraps off two new pairs of audiophile-friendly wired headphones, with the premium audio brand boldly claiming their new flagship Statement GS3000x are the best best-sounding they’ve ever made. Eschewing modern features most headphone wearers have come to expect from their cans like noise-cancelation and voice assistants, Grado high-end lines instead focus…

A judge ordered Starbucks to reinstate 7 workers in Tennessee who say they were fired over union activity

Union efforts have spread across the US, with more than 200 stores in states including Massachusetts, Georgia, and Ohio voting to unionize. Thomas A. Ferrara/Newsday RM via Getty Images A judge ordered Starbucks to reinstate the “Memphis Seven,” who say they were fired over union activity. Starbucks said the workers, including five members of an organizing committee, violated security policies….

Russian intelligence knew that Ukrainians would not welcome Russia, but still told the Kremlin they would, report says

Russian President Vladimir Putin during a military parade n Moscow. Mikhail Metzel, Sputnik, Kremlin Pool Photo via AP Russia’s intel agency had evidence Ukrainians would fight a Russian invasion but told the Kremlin otherwise. That’s according to information obtained by The Washington Post. One Western official said intel officials gave the Kremlin “the sense that…

Middle Eastern states like Saudi Arabia will get a $1.3 trillion windfall from soaring oil prices, the IMF says

Saudi Aramco has made huge profits this year. Hamad I Mohammed/Reuters Middle Eastern states such as Saudi Arabia are set for a $1.3 trillion windfall from high oil prices, the IMF said. The Ukraine war-driven price jump will deliver the extra money over the next four years, it told the FT. Brent crude has averaged…

Citadel — Ken Griffin’s financial empire with one of the most lucrative internships on Wall Street — should distribute job offers next week. Three interns provided the inside track for a summer program that accepts less than 1% of applicants.

Hi. Aaron Weinman here. Did you do an internship? Mine comprised coffee runs, photocopying briefs, and sticking Post-it notes on a massive sheet of paper that looked like a calendar. What were on the Post-it notes, you ask? Usually terribly hand-written details on where an advertisement would go in the next magazine (remember those things?)…

Pandemic stimulus boosted spending, but didn’t keep people from seeking jobs, new study says

All that extra cash didn’t keep Americans from pursuing work, NBER found. Narisara Nami/Getty Images Americans’ spending increased when they had stimulus cash, and slowed when they ran out, an NBER study found.  Having that extra cash didn’t change American job-hunting, the researchers said.  Even as job creation returns to pre-pandemic levels, labor force participation…

Cathay Pacific offers pilots bonuses of more than $600 to fly into ‘zero Covid’ China

Cathay’s ability to increase travel capacity has been constrained by crew quarantine requirements. Getty Images Cathay Pacific is offering pilots additional payments of up to $637 to fly routes into China.  Operating in China was “particularly onerous”, the Hong Kong-based airline said. Cathay’s flights to mainland China are still affected by Beijing’s strict COVID-19 rules. …

Investment bank ING slashes its oil price forecasts by 20%, as Russia pumps much more crude than expected

India has ramped up its purchases of Russian oil. Photo by ARUN SANKAR/AFP via Getty Images Investment bank ING slashed its oil price forecasts on Friday, saying Russian production is stronger than expected. It now expects Brent crude to average $97 a barrel before year’s end, a 22% drop on its earlier forecast for $125….