US stocks have fallen after investors cashed in recent gains, with Twitter on the slide after suffering a hack on several high-profile accounts yesterday., including US Democratic presidential candidate Joe Biden, celebrity Kim Kardashian-West, former US president Barack Obama, Tesla founder Elon Musk, rapper Kanye West and Amazon founder Jeff Bezos, using the accounts to solicit bitcoin payments.
The company stepped up the search for a new chief information security officer just weeks before high-profile users were hacked, according to Reuters.In after-hours trade, Netflix tumbled 9.5 per cent as investors were disappointed by the streaming video service's quarterly report after it forecast slowing subscriber growth during the coronavirus pandemic.
Tech stocks Apple and Microsoft both weighed on the S&P 500 index, with real estate stocks also pulling the benchmark index lower. Retail sales jumped by 7.5 per cent in June as people bought more cars, clothes and furniture and ate out, with spending boosted by extra government payments for those who have lost their jobs.Spending at restaurants and bars jumped by one-fifth, but online and mail-order retail sales fell 2.4 per cent. Sales also dropped at building material and grocery stores.
Blame Epstein.
Spoke to SBSRadio yesterday about this. This is possibly an attack on a twitter employee. WFH means we are not protected by enterprise cybersecurity Everyone of us needs to be extra vigilant. Think before you click!