Hackers exploit website flaw to drain $2.6 million from Polymarket accounts
A targeted breach forced prediction market giant Polymarket to temporarily suspend platform operations on Thursday after hackers leveraged a third-party engineering flaw to drain at least $2.6 million from user accounts. The incident unfolded within minutes on the exchange’s international platform as traders began reporting unauthorised withdrawals and sudden balance liquidations. Affected users saw their
US military estimates war with Iran now costs $47.1 billion
Talks between the U.S. and Iran remain stalled despite the two countries signing a memorandum of understanding in June, aimed at ending the war that began with joint American-Israeli strikes on the country in February. The opening strikes killed a host of top Iranian officials and commanders, among them Supreme Leader Ayatollah Ali Khamenei. The
Competition watchdog to investigate Meta terms for publishers and businesses
The Competition and Markets Authority (CMA) said Meta’s commercial terms could allow it to access and use content from news publishers’ websites to develop and provide its own products and services. The terms, which Meta planned to revise next month but has since put on hold, would allow it to use collected content on its
US scraps G20 photo after Europeans object to being pictured with Russia’s Lavrov
The U.S. scrapped plans for a photo of top diplomats of the Group of 20 largest world economies on the opening day of talks Friday as several Europeans objected to being photographed with Russian Foreign Minister Sergey Lavrov and threatened to walk out of the photo session. The cancellation of the photograph, a traditional opening
Intel plunges more than 25% amid surging memory costs and PC weakness
Intel shares plummeted 28% on Friday after the chipmaker warned about a weaker market as supply shortages linked to the AI boom bite. Shares in the California-headquartered company were trading at $65.79 soon after the open, down from $92.07 at Thursday’s close. On Thursday, it reported third-quarter revenue of $16.5 billion, up 20% from a
Hackers leaked details of more than 41,000 Homeland Security personnel
A hacktivist group stole records for more than 41,000 Homeland Security personnel and got help to release it on the web. The leaked records contain email addresses, phone numbers and office addresses of the personnel, but they also include sensitive information about the agency’s undercover and surveillance programs. Of the records that were leaked, 21,000
Microsoft Azure revenue surges 48% to $33.2B
Microsoft’s Azure cloud business brought in $33.2 billion in revenue in the September quarter, up 48% from a year earlier, blowing past the company’s own forecast and beating Wall Street’s expectations. The growth suggests that Microsoft is selling cloud and AI computing about as fast as it can install it. Azure revenue rose $10.8 billion
America: Inflation heats up again
An inflation gauge closely monitored by the Federal Reserve accelerated last month, showing that prices remain elevated less than a week before midterm elections in which the uncomfortably high cost of living for millions of Americans has become a central issue. Consumer prices rose 3.6% in September from a year earlier, the Commerce Department said
Google faces a $500 billion stock wipeout
Alphabet is on track to suffer its biggest-ever one-day market-cap wipeout, and the second-largest value drop in stock-market history. Shares of Google’s parent company slumped by as much as 13.5% in early trading on Thursday, slashing Alphabet’s market capitalization by over $500 billion, from around $3.9 trillion to $3.4 trillion.If the losses persist until the
Israeli agency had illegal funds intel
Israel’s domestic security agency, Shin Bet, is investigating suspicions that Qatar and Turkey sent money into the country to influence voting in Arab communities, raising questions about possible interference in the pivotal polls. Qatar, however, has categorically denied interfering in Israel’s elections. Meanwhile, the investigation is not expected to delay the announcement of final results