A major U.S. fuel pipeline running from Texas to New York has been taken offline by its operator because of a ransomware attack, Colonial Pipeline said Saturday.
Why it matters: It's a significant breach of critical infrastructure and comes on the heels of multiple other major cyberattacks on both U.S. companies and the federal government.
A new generation of companies is forming to scoop up Amazon marketplace sellers — and venture capital firms are writing big checks to support the effort.
Why it matters: These e-commerce aggregators are all about data and using it to optimize and turbocharge sales, which means they’re using Amazon’s own playbook.
Suddenly, sports gaming competition is everywhere. Unless you're into the NHL.
The big picture: EA's return to making baseball games this week is the latest in a recent rush of moves that will restore competition to video game baseball, golf, football and more.
Four Chinese teams that participate in the American-run Overwatch League are dropping their refusal to compete against a Korean player who made comments supportive of Hong Kong and Taiwan's independence.
What they're saying: "In the spirit of sportsmanship and continuing to deliver amazing competition for our fans around the world, the teams have agreed to resume normal activities with one another," the league said in a statement first reported by the Washington Post.
Amazon told CNBC Thursday it is delaying its annual Prime Day sales in Canada and India as both countries struggle to control surges in new coronavirus cases.
Why it matters: In an email reviewed by Bloomberg, the company said the delay was needed to protect "the health and safety of our employees and customers," though Amazon didn’t give a rescheduled date in either country.
Epic's Apple lawsuit is costing the company dearly, but the game developer has its eye on a valuable long-term goal: prying tomorrow's virtual worlds loose from the grip of app store proprietors like Apple.
Between the lines: Epic isn't spending a fortune in legal fees and foregoing a ton of revenue just to shave some costs off in-app purchases on today's phones. Rather, it's planning for a future of creating virtual universes via augmented and virtual reality — without having to send a big chunk of their economies to Apple or Google.
