Author: News Room

Russian hackers caused a Texas town’s water tank to overflow in a suspected hack earlier this year.Cybersecurity experts say the likely culprit is Sandworm, a Russian hacking group.The US earlier accused Sandworm of attacks on hospitals in Pennsylvania in 2017. In January, Russian hackers caused a small Texas town’s water tank to overflow in what was a rare but worrying attack on US infrastructure.The Russian hacking group Sandworm is likely responsible for the attack on the water system in Muleshoe, Texas, the cyber-security firm Mandiant said on Wednesday.Mandiant called the group a “dynamic and operationally mature threat actor that is…

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Japan is showing off the first changes made to one of its helicopter-carrying destroyers to turn it into a light aircraft carrier capable of operating F-35B Lightning II stealth fighters.JS Kaga’s successful modification will pave the way for another of its helicopter carriers, JS Izumo, to also be converted into an aircraft carrier.The Japanese Maritime Self-Defense Force announced the completion of the first special modification work on the Kaga earlier this month. In a post on X, it showed off the carrier, which now features a flight deck designed to operate and launch F-35 jets.The first special modification work on…

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By Lucila Sigal BUENOS AIRES (Reuters) – Argentina’s public universities held protests on Wednesday against sharp budget cuts by the government of President Javier Milei, turning off the lights in classrooms to draw attention to their predicament – and save money on electricity. The prestigious University of Buenos Aires (UBA) said it had experienced an 80% cut to its budget in real terms, an untenable situation. “There’s no way to keep the university functioning with this budget,” said the dean of UBA’s faculty of law, Leandro Vergara, after giving a class on the building’s steps. Milei, facing a deep fiscal…

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Gold price drops from daily highs as better global risk sentiment diminishes safe-haven demand. A dip in US Treasury yields places additional pressure on the US Dollar amidst hawkish Fed remarks. Easing Middle East tensions sway Gold market, forthcoming US sanctions on Iran could influence future precious metal prices. Gold prices retreated from close to weekly highs during the North American session on Wednesday amid an improvement in risk appetite. The bullish impulse arrived despite hawkish commentary by US Federal Reserve (Fed) officials. US Treasury bond yields dropped and undermined the Greenback, capping Gold’s plunge. XAU/USD trades at $2,375, down…

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Ki Young Ju, an On-chain analyst, recently posted insights on X platform regarding the stability of Ethena’s synthetic dollar protocol, USDe. According to Ki Young Ju’s analysis, the protocol’s reserve fund appears capable of weathering challenges akin to the 2022 FTX/LUNA scenario, as long as its market cap remains below $3 billion. $USDe stress test:Their reserve fund can handle prolonged negative funding rates like in 2022’s FTX/LUNA scenario as long as its market cap stays below $3B (currently $2.4B).The protocol is robust if sufficient reserve funds relative to its market cap. pic.twitter.com/dQLZOqo2o5 — Ki Young Ju (@ki_young_ju) April 17, 2024…

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Check out the companies making headlines in midday trading. United Airlines — Shares surged 17.5% after the airline posted a narrower-than-expected loss in the first quarter. Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers Companies — The insurance stock fell 7.4% after a disappointing first-quarter report. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Analysts surveyed by LSEG were expecting $4.90 in earnings per share on $10.51 billion of revenue. Higher-than-expected catastrophe losses appeared to be part of the reason for the earnings miss. Eli Lilly —…

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If Donald Trump opts to testify at his New York criminal trial, Manhattan prosecutors want to use his past legal run-ins to discredit him to the jury. In a filing released Wednesday, prosecutors for the Manhattan District Attorney’s Office say they’ll ask the former president about the recent verdicts against him, including the recent civil fraud trial with the New York attorney general, where a judge found Trump and his company liable for committing persistent and repeated fraud by inflating the value of his assets to get better loan rates. Prosecutors say they’ll want to question him about what they…

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For those of us in Tennessee, Virginia, and Kentucky, safeguarding our entire planet’s biodiversity starts in our own backyard. That’s right. These three states which house a significant section of the Appalachians and have a storied history in the coal and timber industries are a key focus area for conservation and biodiversity experts around the globe. And that’s why one of the largest conservation projects ever in the U.S. is underway right here, right now in part of the oldest mountain range in North America, which (as shown in Figure 1) spans 2,000 miles from Alabama to Maine (and into…

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Trump is cracking down on GOP campaigns that use his name and face to raise money.He wants them to send him a 5% cut of any money raised that way.His team is also reminding other campaigns not to impersonate the former president. Republicans have long used former President Donald Trump’s name and face to raise money from GOP voters.Now, Trump’s cracking down, asking campaigns to give him a 5% cut of any money that they raise that way. “Beginning tomorrow, we ask that all candidates and committees who choose to use President Trump’s name, image, and likeness split a minimum…

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Or, if you don’t like that framing, try this: How much trouble do you have to be in — financial or otherwise — to throw away an NBA career in a betting scandal?But it’s easy to understand why Porter’s case resulted in a lifetime ban from the NBA, where he had reportedly earned at least $2.3 million in three years.In fact, you can argue that Porter’s case is good for the NBA: It allows the league to set a clear-as-day bright line for any other players dumb or desperate enough to do this stuff. And, crucially, it allows everyone else…

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