The Latest Breaking News from Pixabay

Bloomberg reported that the maker of Ray-Ban glasses sued J.P. Morgan Chase Bank N.A., claiming the bank ignored red flags as cybercriminals drained $272 million from its New York bank account. Essilor Manufacturing (Thailand) Co. said J.P. Morgan was aware, beginning in September 2019, of a “highly suspicious pattern of fraudulent transactions” but…

Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Meta Platforms Inc (NASDAQ: FB) have restricted the social media presence of former Hong Kong security chief John Lee due to U.S. sanctions, the Financial Times reports. Google-owned video streaming platform YouTube suspended Lee’s campaign channel, while Meta’s Facebook and Instagram banned payment services by the former official despite…

Morgan Stanley analyst Katy Huberty saw Apple Inc (NASDAQ:AAPL) iPhone 13 and Mac strength more than offset relative underperformance in iPad and Services, leading her to expect upside to the Street's consensus March quarter (Q2) revenue forecast.  Huberty also saw more cautious commentary on the June quarter (Q3) consensus of $86.7 billion, which appeared too…

DIOSynVax, a UK start-up, hopes genetic sequences of viruses discovered in animal feces will give vital clues for creating a vaccine to help prevent future pandemics, reports Financial Times. The Cambridge university spinout is working on two vaccines that it believes will outlive the currently available Covid-19 jabs, including the one…

A security researcher saw a prolific Russian ransomware group Conti born in 2020, amass 350 members who collectively made $2.7 billion in cryptocurrency in only two years, CNBC reports. The group's post expressing their siding with Russia led to a leak of details about the size, leadership, business operations, and ransomware…

Shionogi & Co stock slumped 16% in Tokyo after preclinical studies showed its experimental COVID-19 drug disturbed fetal development, triggering concerns about its approval.  Kyodo News reported that the drug likely wouldn’t be recommended for pregnant women without giving attribution.  The animal data, which showed harm when given at high doses, was…

Inventories of aluminum, copper, nickel, and zinc, four of the main contracts traded on the London Metal Exchange, have plunged by up to 70% over the past year, as record power prices in Europe hit production and the Ukraine war threatened output from Russia, the Financial Times reports. Traders and big…

The U.S. State Department has ordered all non-emergency government staff and their family members in Shanghai to leave following a surge in COVID-19 cases, CNBC reported. "Reconsider travel to the People's Republic of China (PRC) due to arbitrary enforcement of local laws and COVID-19-related restrictions," the report quoted the State Department.…

Levi Strauss & Co. (NYSE:LEVI) reported first-quarter FY22 revenue growth of 22% year-over-year to $1.6 billion, + 26% on a constant-currency basis, beating the consensus of $1.55 billion. DTC net revenues +35% Y/Y, driven by company-operated stores and e-commerce. Wholesale net revenues +15% Y/Y, and global digital net revenues grew ~16% Y/Y.…

Volkswagen AG (OTC:VWAGY) to discontinue several of its combustion engine models by the end of the decade and sell fewer cars overall to focus on developing more profitable premium vehicles, Financial Times reported, citing the company's finance chief. "The main goal is not growth, it is us [more focused] on quality and…

Twitter Inc (NYSE:TWTR) will stop amplifying Russian government accounts, asking other government-affiliated media to remove posts featuring prisoners of war, citing international humanitarian law. Twitter would add warnings to state-backed accounts’ posts about prisoners when they have a “compelling public interest,” quoting Article 13 of the Geneva Convention III.  Also Read: Twitter Admits It Removed…