The UK is pinning the blame on Russia for the "PETYA" cyberattack that crippled firms, including FedEx and Merck. Stu Woo, Reporter at The Wall Street Journal, joined us to break down the implications of the claim.
This is the first time a major Western government has accused Russia for being responsible for the cyberattack. When the attack first happened, Ukraine bore the brunt of the attack and pointed the finger at Russia. Woo said there a couple of options for a U.S. response. He said economic sanctions and a retaliatory cyberattack are in the cards.
Woo said it is extraordinary for Trump Administration to come out and accuse Russia of cyberattacks in light of the possibility that Russia interference may have aided Trump's 2016 election victory. Russia has denied meddling in the U.S. and U.K. elections.
Constituent service platform Indigov recently raised $25 million in a Series B funding round. Indigov bills itself as a constituent relationship management tool that helps elected officials improve the way they organize, respond to, and engage those they serve. The startup's services are being used by federal, state, and local governments across the country, including the U.S. House of Representatives. Alex Kouts, founder & CEO of Indigov, joins Cheddar News' Closing Bell to discuss.
The 2022 NBA playoffs are intensifying as four teams vie for an NBA finals berth. Tonight, Stephen Curry and the Golden State Warriors can book their finals ticket with a win over the Dallas Mavericks, while Miami will be feeling the 'heat' tomorrow night, facing elimination against the Boston Celtics.
And with the growing popularity of sports betting, the NBA playoffs offers a potential money-making opportunity for fans. Trysta Krick, host of BetMGM Tonight, joins Cheddar News' Closing Bell to discuss.
Snap stock saw the worst day ever after a large drop in price on Tuesday following warnings of revenue and earnings slowdown. This trend caught on with other social and digital media stocks due to fears that brands heavily relying on advertising get hit with the same inflation struggles. However, some analysts note that Snap may be a unique case due to a rapid, possibly unsustainable, expansion leading to the current grim forecast.
From Meta’s Oculus to PlayStation’s VR headsets, Cheddar News anchors Ken Bufa and Kristen Scholer cover the potential for this tech in Cheddar Connected as more heavy hitters like Apple look to take the stage.
