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.
A new interactive tracker from the Atlantic Council shows that 81 countries are at some stage of development with a central bank digital currency, but the U.S. is notably absent from its list of frontrunners.
Tesla’s quarterly profit has surpassed $1 billion for the first time. The results come as the electric car pioneer navigated through a pandemic-driven computer chip shortage that has caused major headaches for other automakers.
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After a year of delays, the Tokyo Olympics is finally here.
But the growth in streaming is expected to lower broadcast viewership numbers. Still, advertisers and sponsors haven't pulled out of the popular live sporting event.
Team USA's Uneven Start, Optimism Plummets & 'Old' Stuns Box Office
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Dollar-pegged cryptocurrencies called stablecoins are on the rise, and U.S. regulators are taking notice.
Online brokerage Robinhood is looking for a market valuation of up to $35 billion.
The Biden administration is blaming China for a hack of Microsoft Exchange email server software that compromised tens of thousands of computers around the world earlier this year.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
