US warns oil and gas rigs could be the next big cyberattack targets

More than 1,600 offshore oil and gas facilities belonging to the United States are at “increasing” and “significant” risk of cyberattacks, and as such must be properly protected, a new report has said. The warning from the US Government Accountability Office (GAO) comes in a report submitted to the US Congress, adding that these facilities,…

Elon Musk’s ‘hardcore’ work ultimatum was a deliberate plan to push Twitter employees out after he was warned against cutting more than 50% of staff

Patrick Pleul/Picture Alliance via Getty Images Elon Musk laid off half of Twitter’s staff. But he’d originally planned to cut even more, per Platformer. After he was advised against making bigger cuts, he instead issued staff an ultimatum. Staff were told to sign up to “long hours at high intensity” or lose their jobs. Elon…

Cathie Wood is buying the dip in Coinbase, adding $53 million this month as the FTX collapse pressures the crypto industry

Photo by PATRICK T. FALLON/AFP via Getty Images Cathie Wood’s ARK Invest bought over 1.3 million shares of Coinbase this month, per Bloomberg.  Coinbase is trading near record lows of about $41 per share, down from a high of $429 in April 2021.  In total, Wood’s Ark holds about 8.7 million shares of Coinbase, or…

So much cocaine is being seized by customs in Belgium that the country’s incinerators are no longer able to keep up

A cargo ship berths at a container dock of the Port of Antwerp-Bruges in Antwerp, Belgium, October 27, 2022 Zheng Huansong/Xinhua via Getty Images Belgium has seized so much cocaine at its ports that it can’t incinerate it fast enough, a minister said. Antwerp’s port is expected to have seized 110 tons of cocaine by…

I worked 2 remote jobs during the pandemic, and it helped me break into my dream industry. But I wouldn’t do it again.

Dima Berlin/ Getty Images Norma M. worked two remote jobs during the pandemic. The experience helped her get a foot into the publishing industry, but she wouldn’t try it again. Here’s Norma’s story, as told to Lakshmi Varanasi. I studied creative writing in college with a dream of one day working at a major publishing…

US stocks rise as investors look to Fed comments for clues about a December rate hike

Traders work on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty Images US stocks edged higher on Tuesday as investors turn their attention to the December Fed meeting.Investors are looking to recent comments from Fed presidents Loretta Mester and Mary Daly for clues about the next rate hike.Market consensus currently expects a…

Russia’s Gazprom threatens to halt gas flows to Europe via Ukraine pipeline as soon as next week

Russian President Vladimir Putin. REUTERS/Shamil Zhumatov Russia’s Gazprom said it may cut off flows to Europe via a pipeline in Ukraine as soon as next week. The route is the last remaining pipeline bringing Russian natural gas to western Europe, upping tensions ahead of the winter. Dutch TTF futures, the European benchmark for natural gas,…

Wharton professor Jeremy Siegel says the US economy is faltering – and the Fed may cut interest rates to 2% next year

Jeremy Siegel. CNBC/Getty Images Jeremy Siegel says the US inflation threat is receding and the economy is weakening. The Wharton professor expects US labor and housing markets to soften in the months ahead. Siegel predicts the Fed will pivot from hiking interest rates to cutting them to 2% next year. Jeremy Siegel has warned the…