Connected Economy

Connected Economy
CE 100 Index Q4 Wrap-Up and Q1 Outlook
August 12, 2024

The CE 100 Index lost 0.2% last week in the wake of earnings reports that, over the course of the past several days, have moved names to the upside (and the downside, of course). Sezzle Sizzles and BNPL Demand Soars Shares of Sezzle soared 51%,...

Connected Economy
CE 100 Index Loses 4.1%, Led by Snap’s Post-Earnings Plummet
August 05, 2024

Earnings drove the CE 100 Index lower this past week — and almost all segments were under water, so to speak, as markets swooned amid the specter of a slowing economy. Eat Segment’s the Lone Positive Performer Only one pillar of the CE 100 Index...

Connected Economy
Thumbtack Raises $75 Million to Improve Home Improvement App
July 31, 2024

Home improvement app Thumbtack has received $70 million in new debt financing. The funding — from Silicon Valley Bank (SVB) and Hercules Capital — will help Thumbtack access new capital and liquidity, the company said in a Wednesday (July 30) news release.  “We are one...

Connected Economy
Delta Plans Legal Action Amid $500 Million Hit From CrowdStrike Outage
July 31, 2024

Delta Air Lines says a recent, and massive, IT outage will cost it $500 million. That’s according to a report Wednesday (July 31) from Bloomberg News, citing a statement from the airline that also says Delta has hired a law firm as it prepares to seek damages from...

Connected Economy
CE 100 Index Gains 0.4% as Coursera Jumps on Earnings
July 29, 2024

Excitement over artificial intelligence (AI) helped drive Coursera shares (and results) significantly higher this past week, while earnings began to trickle in for the CE 100 Index — and the deluge of quarterly reports begins in earnest.     Coursera shares leaped 49%, leading the...

Connected Economy
Crisis as Catalyst: What AT&T, CrowdStrike Incidents Say About Recovery Best Practices
July 24, 2024

Never let a crisis go to waste, as the adage goes. And when it comes to cybersecurity best practices and procedures, recent digital disruptions — from CrowdStrike’s Microsoft outage to AT&T and beyond — can teach enterprises a lot about fortifying their defenses and recovery plans. After...

Connected Economy
Delta Reportedly Facing $500 Million Loss From CrowdStrike Outage
July 24, 2024

Delta Air Lines is reportedly facing a half-billion dollar hit after last week’s IT outage. The air carrier on Wednesday (July 24) was still recovering from last week’s incident, in which a software glitch at cybersecurity firm CrowdStrike brought down millions of computers running Microsoft Windows. According to Bloomberg News,...

Connected Economy
CrowdStrike: Content Update Glitch Caused Worldwide IT Crash
July 24, 2024

CrowdStrike says a glitch in test software led to last week’s massive IT outage. The cybersecurity company released a report Wednesday (July 24), five days after a crash affected 8.5 million Windows machines around the world, leading to chaos at banks, airports and hospitals. “CrowdStrike delivers security content configuration updates...

Connected Economy
Commerce Department to Release Rules on Connected Vehicles
July 23, 2024

The U.S. Commerce Department plans to unveil proposed regulations next month concerning connected vehicles, with a specific focus on critical software components manufactured in China and other nations deemed as adversaries. Alan Estevez, the department’s export controls chief, announced last week that the rules will...