By Raphael Satter WASHINGTON (Reuters) -Okta said on Wednesday hundreds of its customers may have been affected by a security breach involving hacking group Lapsus$, amid criticism of the digital authentication firm’s slow response to the intrusion that knocked its shares down about 11 percent. The breach sparked concern because the cyber extortion gang had…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Japan’s Toyota Motor and Aurora Innovation Inc, a U.S. developer of automated driving systems, have started testing autonomous ride-hailing fleet in Texas, with two safety operators and no passenger on board, Aurora said on Tuesday. Toyota’s Sienna minivans, retrofitted with Aurora’s self-driving system, will be tested on highways…
NEW YORK (Reuters) – More than a year after retail investors, aided by social media, forced an epic squeeze of a handful of heavily shorted stocks, a few of the infamous “meme” stocks were back in the fast lane this week. GameStop Corp shares were up 12.9% in the last half hour of trade on…
By Andrea Shalal WASHINGTON (Reuters) -The United States will “absolutely” enforce export controls if Chinese companies send semiconductors to Russia that were made with U.S technology, a move that could “essentially shut them down,” Commerce Secretary Gina Raimondo said on Wednesday. Raimondo doubled down on U.S. threats to punish any company in any country that…
MOSCOW (AP) — President Vladimir Putin announced Wednesday that Russia will demand “unfriendly” countries pay for Russian natural gas exports only in rubles from now on. Putin told a meeting with government officials that “a number of Western countries made illegitimate decisions on the so-called freezing of the Russian assets, effectively drawing a line over…
By David Gaffen NEW YORK (Reuters) -Oil prices jumped 5% to over $121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. The situation adds to market worries about the ripple effect of heavy sanctions on Russia, the…
(Reuters) – Euro zone consumer confidence fell by 9.9 points in March from the February number, figures released on Wednesday showed. The European Commission said a flash estimate showed euro zone consumer morale decrease to -18.7 this month from -8.8 in February. Economists polled by Reuters had expected a fall to -12.9. In the European…
NEW YORK (AP) — Soaring profits on Wall Street helped drive up the average bonus paid to employees in New York City’s securities industry to a record $257,500 for last year, the state comptroller reported Wednesday. The average securities industry bonus was 20% higher than 2020 and came out of a bonus pool that grew…
By Andrea Shalal WASHINGTON (Reuters) – The United States has no plans to renegotiate a quota agreement forged by South Korea and the former Trump administration, U.S. Commerce Secretary Gina Raimondo said on Wednesday, a day after agreeing to cut tariffs on British steel and aluminum. “They kind of struck their own deal in the…
By Valentina Za and Francesca Landini MILAN (Reuters) – The European Central Bank can keep its accommodative policy stance if euro zone governments act to offset higher prices, including by supporting households in order to avoid wage increases, a top policymaker said. ECB Governing Council member Ignazio Visco told Bloomberg’s Italy Capital Markets Forum on…
