Microsoft says hundreds of US networks targeted by latest Russian cyberattack

October 25, 2021

  •  turbinelabs
Reading Time: 3 minutes


  • U.S. stock futures edged slightly higher Monday as the five largest U.S. tech companies plan to report earnings this week, starting Monday with Facebook. Energy stocks have also continued to surge, challenging climate-conscious money managers who are now missing out on the world’s hottest stocks.
  • Microsoft said Nobelium, the Russian-based agency behind the SolarWinds cyberattack, targeted hundreds more “resellers and other technology service providers” in its latest wave of attacks on U.S.-based computer systems. In a blog post, Microsoft said the attacks were part of a broader campaign over the summer that affected hundreds of Microsoft customers. The attacks come only months after President Joe Biden imposed sanctions on Moscow in response to a series of spy operations, hoping to limit cyberattacks.
  • Corporate giants including Nestlé, Verizon and Procter & Gamble are betting consumers will continue to pay more for their products if they keep raising prices into 2022, offsetting fast-growing costs amid the supply-chain crisis. So far, price increases have paid off for makers of household staples, but some analysts question whether shoppers will start to seek cheaper, off-brand alternatives. A key measure of investors’ inflation expectations suggested the consumer-price index will rise by an annual average of 2.64% over the next decade, adding to concerns about rising consumer prices.
  • The shortage of child-care workers continues to disrupt the U.S. workforce, sidelining the careers of women who would otherwise remain in the labor force. Household survey data showed more than seven million adults made personal adjustments within the past month when their children under 5 were unable to attend daycare due to safety concerns. Nearly one-third of parents with safety-related daycare interruptions used paid leave to care for their kids.
  • The build-up of greenhouse gas concentrations in the atmosphere rose to record levels in 2020, proving the world is “way off track” on climate goals despite pandemic-related lockdowns that were thought would curb emissions, according to the World Meteorological Organization. The amount of CO2 is now 50% higher than before the Industrial Revolution sparked widespread fossil fuel burning, driving up temperatures in excess of the goals of the Paris agreement and complicating the task for governments to avert dangerous levels of warming.

Think Everything’s Expensive Now? Get Ready for What’s Next” – Bloomberg / Source: OECD


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