Government data from Guyana revealed that last year, an Exxon Mobil-led consortium secured a lucrative deal generating $6.33 billion for partners. The trio enjoyed a combined net margin of 56%, surpassing that of Nvidia Corp. The consortium’s revenue rose by 23% to $11.25 billion in 2023 due to the addition of a third production vessel, … Read more
Intel Corporation is constructing two multi-billion-dollar semiconductor chip fabrication plants in Licking County, Ohio, which is considered the largest private-sector investment in Ohio’s history. This development is expected to generate thousands of jobs and bring significant changes to the area, impacting nearby rural communities that were not involved in the decision-making process. As a response … Read more
Bronstein, Gewirtz & Grossman, LLC, a prominent law firm, has announced a class action lawsuit against Intel Corporation and certain officers. The lawsuit aims to recover damages for investors who purchased or acquired Intel securities between January 25, 2024, and April 25, 2024. The lawsuit alleges that Intel made false and misleading statements about its … Read more
Cisco Systems has recently introduced Cisco Hypershield, which is being hailed as the company’s most significant security announcement in its history. Specifically designed to enhance security architecture, Hypershield focuses on safeguarding data centers and clouds against AI workloads. This software-based technology offers protection to applications, devices, and data across various environments, including data centers, clouds, … Read more
The German intelligence has identified the PKK as a major threat to the country due to its illegal activities related to recruitment and extortion. The PKK, recognized as a terrorist organization by Turkey and the United States, has been banned in Germany since 1993 and listed as a terrorist entity by the European Union since … Read more
Warren Buffett typically steers clear of tech stocks, including Nvidia (NASDAQ: NVDA). However, through Berkshire Hathaway’s investment in two S&P 500 ETFs, Buffett has indirectly profited from Nvidia’s success. Berkshire initiated positions in the SPDR S&P 500 ETF Trust and the Vanguard S&P 500 ETF in late 2019, holding small positions in both. Although Nvidia … Read more
Nomura Holdings Inc. recently acquired a new stake in Hewlett Packard Enterprise, purchasing 28,941 shares valued at approximately $491,000. Other large investors like Whittier Trust Co. of Nevada Inc. and Verdence Capital Advisors LLC have also increased their positions in the technology company. Wall Street analysts have commented on the growth potential of Hewlett Packard … Read more
A significant firmware vulnerability has been discovered in Intel-powered PCs worldwide, posing a serious security risk. This flaw affects a range of devices and has the potential to be exploited by cyber attackers to compromise users’ data and privacy. The vulnerability stems from a flaw in the firmware of Intel processors and could allow attackers … Read more
A new vulnerability has been discovered in the UEFI firmware that poses a security threat to various Intel chip families, similar to past exploits like BlackLotus. Security workshop Eclypsium has disclosed the CVE-2024-0762 vulnerability to Phoenix Technologies, whose UEFI firmware is affected. This firmware is used in a wide range of Windows laptops, tablets, desktops, … Read more
Institutions hold a substantial stake in Oracle, with the top three shareholders owning 52% of the company. This level of ownership gives them significant influence over the company’s share price. Insiders, including board members and key executives, own 42% of Oracle, further solidifying their control over the business. Institutional ownership is a key factor to … Read more