One article reads: Who is the initiator of the 'global crisis'? Why is its destructive power so widespread?

The global outage caused by CrowdStrike on Friday led to a large number of flights being grounded, market chaos, and operational problems for multiple companies. On the same day, Microsoft Azure cloud computing service failure made the situation even more complicated and it is expected to take several days to eliminate all the impacts. What is CrowdStrike? This cybersecurity company is a major supplier of anti-ransomware software. According to the market research institution IDC, CrowdStrike's share in the $8.6 billion endpoint detection and response (EDR) software market is about 18%, second only to Microsoft. The company's institutions are

環球市場播報Jul 19 19:24 ET

'Blue Screen of Death' Adds to Tech Pain on Summer Friday | Wall Street Today

U.S. stocks pulled back Friday, as the largest IT crash in history sent tech even lower for there week following a semiconductor sector pullback.

Moomoo Recap USJul 19 16:07 ET

Global IT failures spread to Wall Street, with employees of institutions such as JPMorgan unable to log in to the system.

From Hong Kong, Dubai to South Africa, London, bankers in many places were affected by global IT failures, with some unable to log in to computer systems and others unable to trade. Employees of banks such as JPMorgan, Nomura, and Bank of America were unable to log in to the company's system on Friday, and many people's interfaces turned into blue error screens. At Haitong Securities, one trading desk was shut down for about three hours. The Norwegian central bank said it would have to conduct liquidity tenders by email and phone due to problems with its network system. This interruption is associated with CrowdStrike Holdings Inc., a widely used network.

環球市場播報Jul 19 14:59 ET

Global IT breakdown: Failure spreads to Wall Street, CrowdStrike suffers heavy losses, and Microsoft claims services have been restored.

On Friday morning Asia time, microsoft stated on its website that some users were unable to use its 365 apps and services. The United States was the first to experience problems, with Frontier Airlines suspending flights for more than two hours and blaming a Microsoft online service outage. In the afternoon, IT failures occurred globally, from airlines, airports, the London Stock Exchange, mcdonald's, japan universal studios, to cybersecurity company CrowdStrike. CrowdStrike stated that its Falcon Sensor threat monitoring product caused the problem with microsoft.

環球市場播報Jul 19 14:42 ET

Express News | Wedbush Reiterates Outperform on McDonald's, Maintains $295 Price Target

BenzingaJul 19 10:52 ET

McDonald's Analyst Ratings

Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/19/2024 14.57% Wedbush $295 → $295 Reiterates Outperform → Outperform 07/17/2024 10.68% TD Cowen $305 →

BenzingaJul 19 10:49 ET