Author: JavaExchange

In indictments against five Chinese nationals, the Justice Department described sophisticated attacks to hijack networks and extort universities, …

China-Backed Hackers Broke Into 100 Firms and Agencies, U.S. Says

Home fitness firm Peloton posted the company’s first ever quarterly profit as sales surged 172% with more than 1 million subscribers now using the firm’s streaming fitness classes. The covid-19 pandemic pushed homebound consumers to buy stationary bikes and treadmills in record numbers which in turn pushed Peloton’s profits and stock price higher.

Peloton Sales Surge 172% as Pandemic Bolsters Home Fitness Industry (Micro News for September 12, 2020 – September 18, 2020) — Pearson Economic News

Britain’s Rolls-Royce Holdings Plc is looking to raise around 2.5 billion pounds ($3.2 billion) from investors and is in talks with sovereign wealth funds, including Singapore’s GIC, the Financial Times reported https://www.ft.com/content/6f53a18d-acd8-4a71-8902-60b1bb5f9c09 on Saturday. Read More

Rolls-Royce plans to raise about 2.5 bln stg – FT — Financial Post

Video-sharing app TikTok on Saturday Read More

TikTok says it already committed to government oversight of U.S. data — Financial Post

American Well Corp’s shares rose 42% in their debut on the New York Stock Exchange on Thursday, after the telehealth company raised $742 million in its initial public offering. Read More

Telehealth platform Amwell’s shares surge 42% in NYSE debut — Financial Post

CHICAGO — A political deadlock over a new round of federal aid will elevate credit risk in the $3.9 trillion U.S. municipal bond market as states, cities and other debt issuers struggle with steep revenue losses due to the coronavirus pandemic, analysts said on Friday. Read More

Federal aid impasse heightens U.S. muni market credit risk -analysts — Financial Post