US and British officials on Monday filed charges, imposed sanctions, and accused Beijing of a sweeping cyberespionage campaign that allegedly hit millions of people including lawmakers, academics and journalists, and companies including defense contractors. Authorities on both sides of the Atlantic nicknamed the hacking group Advanced Persistent Threat 31 or "APT31", calling it an arm of China's Ministry of State Security. Officials reeled off a laundry list of targets: White House staffers, US...
Nvidia chief Jensen Huang said Tuesday he does not expect a "doomsday scenario" but is readying for the worst over tension between China and the United States.The United States last year tightened export controls on technology from Nvidia and other chip companies to keep it out of the hands of the Chinese military.And anti-China sentiment seems a rare unifying theme in a politically divided US Congress, with legislation aimed at curbing Chinese-owned TikTok."I do have confidence that the goal of...
The newly public company trading on the Nasdaq with the ticker “DJT” has one dominant shareholder: Donald John Trump, the cash-strapped former president of the United States. That a fledgling, unprofitable social media platform can make the former president billions of dollars on paper is a marvel of the stock market. Trump can’t realize the windfall by selling his shares or borrowing against them for six months unless the company’s board, which is packed with his supporters, gives him the OK....
WELLINGTON, New Zealand (AP) — Hackers linked to the Chinese government launched a state-sponsored operation that targeted New Zealand’s Parliament in 2021, the country’s security minister said. New Zealand’s allegation comes a day after American and British authorities announced a set of criminal charges and sanctions against seven hackers, who targeted U.S. officials, journalists, corporations,
Hackers linked to the Chinese government launched a state-sponsored operation that targeted New Zealand’s Parliament in 2021, the country’s security minister said
By Nicole Goodkind, CNN New York (CNN) — It’s been a bumpy road for the stock market this year, but investors aren’t complaining. That’s because markets have rallied to new highs and have already soared past analysts’ 2024 estimates. The S&P 500 has surged more than 10% since January, and last week it surpassed Goldman
When it comes to the artificial intelligence that powers chatbots such as ChatGPT, China lags the United States. But when it comes to producing the scientists behind a new generation of humanoid technologies, China is pulling ahead. New research shows that China has by some metrics eclipsed the United States as the biggest producer of AI talent, with the country generating almost half the world's top AI researchers. By contrast, about 18% come from U.S. undergraduate institutions, according to...
Nike Inc. reported sales that were stronger than anticipated as the company ramps up a multiyear cost-cutting plan in the face of weaker demand for its sneakers and apparel.
The AI investing craze has continued to heat up in 2024. AI chip maker Nvidia’s stock alone is up 77% since of the start of the year. While some Wall Street analysts warn that the AI frenzy is a “bubble within a bubble,” others argue that the big tech stocks are actually undervalued. Analysts at Goldman Sachs, led by Ryan Hammond, said in a new note that AI stocks still have room to grow — and that Goldman analysts are already starting to see which companies will benefit from the AI boom next. ...
U.S. stocks have "limited upside" from here and investors should be looking for better opportunities elsewhere, according to Goldman Sachs Asset Management.
WELLINGTON, New Zealand (AP) — New Zealand says hackers linked to the Chinese government targeted its Parliament in 2021. New Zealand’s allegation comes a day after American and British authorities announced a set of criminal charges and sanctions against seven hackers, who targeted U.S. officials, journalists, corporations, pro-democracy activists and the U.K.’s election watchdog. New
New Zealand joins US and UK in alleging it was targeted by China-backed cyberespionage