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Financial Planning, Wealth & Tax Advisory

How one IT update gone wrong has sparked chaos around the world

IT systems across the world are suffering widespread outages. Disruptions have hit everything from airports and banks, to retailers and healthcare providers. Crowdstrike’s CEO blamed a defect in an update for Windows, highlighting the fragility of global IT.

Video: Politics Didn’t Move Markets Much

Cameron Dawson, Newedge Wealth Chief Investment Officer, says the recent turmoil in politics haven’t impacted markets that much recently. She also says the bond market is pricing in a Federal Reserve rate cut in September.

Video: Why Car Repossessions Are Surging This Year

Car repossessions rocketed higher in the first half of the year, a sign of rising consumer distress as the Fed weighs rate cuts. So far in 2024, repos are up 23% compared with the same period last year, according to data from Cox Automotive. Claire Ballentine has more.