Elon Musk’s X and Starlink face daily fines in Brazil for ban evasion

Elon Musk’s X and Starlink face daily fines in Brazil for ban evasion

Elon Musk, left, and Brazil Supreme Court Justice Alexandre de Moraes. Reuters (L) | Getty Images (R) Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court Thursday. The fines imposed by Brazil’s supreme court amount to $5 million … Read more

What is CrowdStrike (CRWD), and how did it cause global IT outages?

What is CrowdStrike (CRWD), and how did it cause global IT outages?

George Kurtz, co-founder and CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images A fault with an update issued by cybersecurity company CrowdStrike led to a cascade effect among global IT systems Friday, with industries ranging from banking to airlines facing outages. Banks … Read more

Jim Cramer’s quick takes on JPMorgan, Tesla, TSMC, Take-Two and Fastly

Jim Cramer’s quick takes on JPMorgan, Tesla, TSMC, Take-Two and Fastly

Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. JPMorgan : CEO Jamie Dimon’s annual letter to shareholders is out. He thinks artificial intelligence can be as revolutionary as the printing press, steam engine, electricity, computing, and the internet. He also sees a broad range of interest … Read more