An Armenian hacker admitted to running a Ryuk ransomware scheme that extorted over $15 million in bitcoin from U.S. companies by encrypting data and demanding cryptocurrency payments for decryption keys. The attacks, conducted from late 2019 to early 2020, disrupted hundreds of corporate systems, including a Michigan firm that paid 200 bitcoin (over $1.1 million) to regain access. The hacker pleaded guilty to conspiracy and computer fraud charges and faces sentencing in September 2026, with restitution of $1.1 million required. The case highlights ongoing risks of ransomware attacks demanding cryptocurrency ransoms and coordinated law enforcement efforts to combat cybercrime.
Sonoco Products Company is considered a soft buy due to its attractive valuation and ongoing cost-cutting efforts, despite recent revenue declines and mixed profitability. Management aims to save $150–$200 million over three years and expects adjuste...
Kanzhun Ltd. (BZ) is rated a buy due to the underestimated positive impact of AI on its recruitment platform. The company's two-sided scale and direct chat model create strong network effects, making it hard for competitors to replicate. Growth is ex...
Solana Music is set to launch a new music platform on the Solana blockchain, aiming to disrupt Spotify by enabling artists to distribute and monetize their work without intermediaries. The platform follows a model similar to the now-shutdown Nina Pro...
10-year U.S. Treasury yields increased by eight basis points to 4.56%, approaching the highest levels seen since May 2023. The market anticipates nearly two more Federal Reserve rate hikes by April 2027, pricing in a 4.10% policy rate. This rise in y...
Nexans has transformed from a diversified industrial company into a focused electrification business, aiming to boost profitability and growth. The company targets €1.15 billion in adjusted EBITDA by 2028, a 60% increase, driven by higher-margin proj...
