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ASOS Stock Falls 9.6% After Hackers Send Ransom Demand to Millions of App Users
ASOS confirms hackers sent threatening app notification to millions of customers on October 6. Basic personal data may have been accessed, but payment details are secure. Stock fell 9.6% as company investigates.
Clarkson Blasts UK Business Climate at Tory Conference, October 7
Jeremy Clarkson told the Conservative Party conference that rising taxes and costs make starting a UK business unviable, revealing plans to open his next pub overseas instead.
Citi Raises AMD Target to $800 on Meta Muse CPU Boom, October 7
Citi analyst raises AMD price target 39% to $800 after Meta Muse launch. CPU market seen expanding to $300B by 2030. AMD stock hits record high at $649.42.
ASOS Stock Plunges 9.6% After Hackers Send Ransom Demand via App
ASOS shares fell 9.6% after hackers sent a ransom demand via push notification to app users, claiming access to basic customer information including names and contact details.
ASOS Stock Plunges 14% After Hackers Send Ransom Demand via App
ASOS shares fell 14% after hackers sent customers a ransom demand via push notification on October 6. The company says payment data was not affected and its website remains operational.
Rakuten Stock Slides as 101M Member Data Breach Claim Surfaces October 6
Rakuten denies a claim that 101 million member records are being sold on the dark web for $700. The company separately confirmed a breach of its cloud storage service affecting 15,382 accounts.
Russian Lab Worker Dies of Suspected Plague; US Monitoring Closely
A Russian laboratory worker at a plague research institute in Irkutsk died of suspected pneumonic plague. US Secretary of State Marco Rubio says Washington is monitoring the situation closely, though Russian authorities say there is no cause for alarm.
Kioxia Stock Split Triggers Margin Call Crisis as Year-End Deadline Looms
Kioxia’s 3-for-1 stock split lowered entry barriers but trapped margin traders. Retail investors face year-end liquidation deadlines, risking cascade selling in the memory chip maker’s shares.
Kioxia Stock Split Draws Retail Margin Traders Into Year-End Squeeze
Kioxia’s 3-for-1 stock split lowered entry costs for retail investors, but margin traders now face year-end liquidation pressure as shares fall 50% from June highs.