President Joe Biden made the decision to quit the election race against Donald Trump after weeks of pressure by a growing number of Democrats.
Asia stocks fall as Biden drops presidential bid; China unexpectedly cuts interest rates
“It is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President,” Biden wrote in a letter.
CNBC Daily Open: Biden drops out
Biden ends reelection bid and backs Harris. S&P 500 and Nasdaq post biggest weekly loss. CrowdStrike failure.
How a software update from cyber firm CrowdStrike caused one of the world’s biggest IT blackouts
A fault with an update issued by cybersecurity company CrowdStrike led to a cascade effect among global IT systems Friday.
Microsoft-CrowdStrike issue causes ‘largest IT outage in history’
A major IT outage has grounded planes and sent broadcasters off air.
Dow tumbles more than 370 points, S&P 500 posts worst week since April as investors dump big tech: Live updates
The S&P 500 posted its worst week since April amid a market rotation.
Bitcoin posts 15% weekly gain amid broader crypto rally: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Crypto World explores how blockchain analytics firms partner with the private and public sectors to...
Microsoft, CrowdStrike IT outage hits global supply chain, with air freight facing days or weeks to recover
Crowdstrike global IT outage hits the heart of the global supply chain, with air freight, rails, ports and trucking in the U.S. and beyond down.
An options trade on CrowdStrike as shares tank on the outage
Jeff Kilburg looks at the outage today as a trader.
Xiaomi launches first flip phone at just over $800, with a $70 portable printer
The Mix Flip starts at 5,999 yuan ($825), the Chinese company announced.