US Army soldier pleads guilty to hacking telcos and extortion

Former US Army military Cameron John Wagonius blamed telecom companies and tried to take them out by threatening to release the stolen files, justice department Announced On Tuesday. According to Doj, Wagenius, who went online with the nickname “Kiberphant0m”, conspired to cheat 10 aggrieved companies by stealing their login credentials, cheating 10 aggrieved companies. Cruel…

Read More

Startup founders react to bubble fears

Markets were on edge this week as a steady stream of negative headlines around the artificial intelligence trade stoked fears of a bubble. Famed short-seller Michael Burry cast doubt on the sustainability of AI earnings. Concerns around the levels of debt funding AI infrastructure buildouts grew louder. And once high-flyers like CoreWeave tanked on disappointing guidance. CNBC’s Deirdre Bosa asked those at…

Read More

Shein’s UK sales jump 32% in 2024 as Hong Kong IPO nears

A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024.  Temilade Adelaja | Reuters Shein’s U.K. arm generated £2.05 billion ($2.77 billion) in sales in 2024, up 32.3% from 2023, according to a filing released on Friday. The online fast-fashion retailer’s pre-tax profit…

Read More