Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Bastian said that he sees ‘strong demand’ for flights carrying into 2023. Jeenah Moon | Bloomberg | Getty Images Delta Air Lines CEO Ed Bastian said the massive IT outage earlier this month … Read more
Sopa Images | Lightrocket | Getty Images CrowdStrike shares fell tumbled 11% on Tuesday to their lowest level of the year following a report that Delta Air Lines hired prominent attorney David Boies to seek damages from the security software vendor. CrowdStrike fell $28.98 to $228.83 as of early afternoon trading. The company has now … Read more
Delta has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations. CrowdStrike shares fell as much as 5% in extended trading on Monday after CNBC’s Phil Lebeau reported on Delta’s hiring of Boies, chairman … Read more
The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. Harun Ozalp | Anadolu | Getty Images CrowdStrike CEO George Kurtz said that over 97% of Windows sensors … Read more
Last week, the world faced what was likely the biggest IT failure in history. When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system. But this was not a Microsoft issue. It was all to do with a U.S. … Read more
Delta Airlines passengers line up for agent assistance at Hartsfield-Jackson Atlanta International Airport on July 22, 2024 in Atlanta, Georgia. Jessica Mcgowan | Getty Images The U.S. Department of Transportation’s Office of Aviation Consumer Protection is investigating Delta Air Lines over chaos sparked by last week’s global IT outage, according to a statement. The DOT … Read more
My top 10 things to watch Tuesday, July 23 1. Several key earnings reports before the bell: General Motors posted big numbers , beating Wall Street’s expectations for the second quarter, and raised its financial targets for the rest of the year. United Parcel Service missed profit and sales estimates and lowered its guidance . … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
CrowdStrike’s dramatic setback could be Palo Alto’s gain. The software update by CrowdStrike last week caused one of the largest IT blackouts in history, disrupting computers and technology systems worldwide and hammering the cybersecurity company’s reputation. While the risk of CrowdStrike losing existing customers is low, the outage may have an impact on new customer … Read more
Passengers seen waiting after a major disruption in Microsoft Corp.’s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024. Vipin Kumar | Hindustan Times | Getty Images Republican representatives on Monday called on CrowdStrike CEO George Kurtz to testify in front of the House Committee … Read more
