Cyberattacks are basically a way of life for most businesses now

For modern businesses, cyberattacks are essentially an everyday instance, with an ever-increasing number of organizations say they are facing such crises almost on a daily basis. This is according to a new report from Dell surveying 1,000 IT decision-makers from around the world, working in a wide range of public and private sector industries, with…

Billionaire investor Bill Ackman warns the Fed will struggle to crush inflation – and higher long-term interest rates could hit stocks

Bill Ackman. Reuters Bill Ackman warned the Fed will probably fail to bring down inflation to its 2% annual target. The Pershing Square chief predicted higher long-term interest rates — a headwind for stocks. Pershing’s hedges have generated over $5 billion in profits since the start of 2020. Bill Ackman expects inflation and interest rates…

Twitter loses another top exec who says workers ‘had it good at Twitter 1.0,’ in an apparent jab at Elon Musk’s plans for the company

Multiple top execs have departed Twitter under Elon Musk’s leadership. Jae C. Hong/AP Twitter’s head of US content partnerships announced she had left Elon Musk’s platform. Sarah Rosen tweeted about her departure, writing “we had it good at Twitter 1.0.”  Per reports, Twitter also recently lost its head of ad sales, as well as its…

A crypto exec shares details of his phone calls with Sam Bankman-Fried days before FTX imploded

Good morning to my favorite corner of the internet. Senior reporter Phil Rosen here. It’s good to see you.  Today, we’re zooming in on the revealing calls that took place just before the fall of FTX, between Sam Bankman-Fried and a rival exec.  I caught up with that exec to hear about Bankman-Fried’s eleventh-hour scramble…

Elon Musk referenced the Bible and said he won’t allow Sandy Hook conspiracy theorist Alex Jones back on Twitter on the same day he reinstated Trump’s account

Alex Jones. AP Photo/J. Scott Applewhite, File Elon Musk said he won’t restore conspiracy theorist radio host Alex Jones’ Twitter account. He said he has “no mercy” for people who “use the deaths of children for gain, politics, or fame.”  Musk recently reinstated formerly banned accounts like Donald Trump, Kanye West, and Andrew Tate.  Elon…

As Amazon’s Alexa unit faces layoffs, insiders describe a department in crisis

Hey y’all, welcome to Monday. Back behind the keyboard this week, I’m Jordan Parker Erb. A thousand thanks to Matt Weinberger, who was an excellent 10 Things in Tech captain while I was away. So, did I miss anything? I mean, aside from the massive cuts at Amazon, Twitter’s continuing meltdown, and the spectacular implosion…

The S&P 500 is likely to bottom out early next year in a ‘terrific buying opportunity’ for investors, Morgan Stanley says

Mike Wilson, Morgan Stanley’s chief investment officer. Bloomberg TV Morgan Stanley’s Mike Wilson expects the benchmark S&P 500 will bottom out next year.  That presents stock investors with a “terrific buying opportunity,” the investment chief told CNBC. US stocks have been turbulent this year as the Fed hikes interest rates to fight inflation.  The S&P…

A fired Twitter engineer said he would have come up with ‘way cleverer and more devastating jokes’ about Elon Musk if he’d known he was getting canned

FilmMagic/FilmMagic for HBO A Twitter engineer said he believes he was fired for violating for criticizing Elon Musk on Slack. He said he would have come up with “way cleverer and more devastating jokes” if he’d known he’d be fired. Musk has been quick to get rid of workers who disagree with him. A fired…