Stock Movers: Carmax, Darden Restaurants, Circle
On this episode of Stock Movers: - CarMax (KMX) shares rise after comparable sales and earnings per share for the first quarter that beat consensus estimates. - Darden (DRI) share rise after the company reported comparable sales growth for the fourth quarter that topped the average analyst estimate. - Circle (CRCL) shares rise after the US Senate passed stablecoin legislation setting up regulatory rules for crypto currencies pegged to the dollar.
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Fast Company
28 minutes ago
- Fast Company
Aflac hacked: Social Security numbers, claims, and health data at risk in insurance firm cyberattack
Aflac Incorporated (NYSE: AFL) was the most recent target of a 'sophisticated cybercrime group' that has led a campaign against a number of insurance companies in recent weeks, according to a statement issued by the company today. The cyberattack, which was first identified by the company June 12, was stopped within a few hours and business operations were not impacted. However, the number of Aflac insurance-holders affected by the breach is still unknown. Files containing personal information, such as Social Security numbers, health information, and insurance claims information, could have been compromised during the attack, the company said. 'We regret that this incident occurred,' the company wrote in a statement. 'We will be working to keep our stakeholders informed as we learn more and continue investigating the incident.' During the investigation, Aflac is offering credit monitoring, identity theft protection, and a two year Medical Shield policy for free to any customers who call their incident-dedicated call center. The company suspects social engineering helped the cybercrime group infiltrate its networks. Social engineering—which includes tactics like phishing emails—involves deceiving a victim into revealing personal information or providing access into otherwise secure systems. Aflac is only the latest insurance company impacted by these cybersecurity incidents. Erie Insurance and Philadelphia Insurance Companies issued statements about similar cyberattacks earlier this week, exposing a growing threat to the insurance industry. The insurance industry is a recent target of a cybercrime group called Scattered Spider, John Hultquist, chief analyst of Google's threat intelligence group, shared Monday on X. Scattered Spider, also known as UNC3944, is reportedly a group of hackers who target large organizations primarily in English-speaking countries. The group previously gained attention targeting U.K. retailers, such as Marks & Spencer and Harrods. To defend against attacks by Scattered Spider, Google's threat intelligence group suggests companies should educate employees about social engineering tactics and strengthen security measures, such as identity verification and authentication procedures. Aflac did not immediately respond to a request for comment about which social engineering tactics were used in the attack and whether additional cybersecurity measures would be put in place to ward off future attacks. After a 1.37% drop between the close of trading Wednesday and opening on Friday, Aflac's stock price is looking up as the dust settles following the incident.
New York Times
33 minutes ago
- New York Times
What I'm hearing about the Rangers: Latest on Will Cuylle talks, potential K'Andre Miller trade, more
The New York Rangers were busy making offseason moves even before the Stanley Cup Final ended. Team president and general manager Chris Drury traded away veteran Chris Kreider last week, and he's started making headway on his restricted free agents, signing Matt Rempe, Juuso Pärssinen and Matthew Robertson in recent days. New York will likely continue to be active this summer as it attempts to improve on a disappointing 2024-25 season. Advertisement What comes next as we head in draft week and July 1 free agency? Here are some tidbits after talking to sources around the league. • The Rangers and restricted free agent Will Cuylle's camp have been in talks. Signing him has to be one of New York's biggest priorities this summer. He's 23 and is coming off a 45-point season, all while bringing a level of physicality and edge that matches what Drury wants his team to have. AFP Analytics projects a three-year deal for Cuylle with an average annual value of $3.435 million. Evolving-Hockey has a similar projection: three years, $3.195 million. If New York were to try to extend Cuylle on a longer-term deal, the AAV would have to go up. The chances of Cuylle getting an offer sheet presumably went down after the Kreider trade. Part of New York's reason for moving the veteran winger was to create cap flexibility in case another team presented one of its restricted free agents with a compelling offer sheet. When the St. Louis Blues signed Edmonton Oilers RFAs Philip Broberg and Dylan Holloway last summer, Edmonton was in a tight salary cap situation that made it hard for them to match. The Oilers let both walk in exchange for the draft compensation that comes with losing a restricted free agent in certain salary ranges. Teams generally only use offer sheets when they believe there's a legitimate chance of getting a player. As of now, the Rangers' added cap space can act as a safeguard. To continue having that protection, they'll need to either get a Cuylle extension done or set aside enough cap space through free agency to make sure they can match a potential offer sheet. That way a team won't be able to catch them in a vulnerable spot as the Blues did with Edmonton. • New York still has to decide what to do with its first-round pick in next week's draft. The Rangers owe either this year's first-rounder (No. 12) or their 2026 first to the Pittsburgh Penguins. The Penguins got the pick from the Vancouver Canucks, who received it from the Rangers in the J.T. Miller trade. Advertisement There's been lots of leaguewide discussion about offer sheets in the wake of the Blues' success with Broberg and Holloway. My colleagues Michael Russo and Chris Johnston wrote a good story about it in April. If the Rangers decide to use this year's pick, you can write off any possibility of the team getting involved in the offer sheet game. To sign a player to an offer sheet in the $4.68 million to $7.02 million range this summer, a team must have its own 2026 first- and third-round picks, which would go to the RFA's former team if it doesn't match the contract. Should New York draft at No. 12 next week, it won't have the required first to take a big swing. The Rangers also don't have their 2026 second-round pick, eliminating the possibility of them trying to sign someone in the AAV bracket below. The Rangers would keep the offer sheet possibility open if they forfeit their 2025 first, but they also might not have the cap space needed to sign someone in that salary range, especially if they don't move out any other contracts. There's a reason offer sheets aren't common: They're hard to pull off. The deadline to make the decision on the draft pick is 48 hours before the draft: Wednesday at 7 p.m. Eastern. • The Rangers have been exploring the trade market for K'Andre Miller, as they were during the regular season, per league sources. Miller, one of the top names on Chris Johnston's offseason trade board, is due a raise in restricted free agency from the two-year, $3.872 million bridge deal he signed before the 2023-24 season. Still only 25, he's a big (6-foot-5), strong-skating defenseman who at his best can contribute offense. He had only 27 points in 74 games this past season but has had as many as 43 in a season (2022-23). He has also shown he can play well over 20 minutes a night, averaging 21:27 in his career. Advertisement Trading Miller would be a risk given his age and the potential he's shown at the NHL level. Should the Rangers move him, they would get a package of assets in return and gain some cap flexibility since they'd no longer need to pay for Miller's raise. But they'd also need to replace a key defenseman on their roster, potentially through free agency. Vladislav Gavrikov, Ivan Provorov and Aaron Ekblad are the top defensemen on the unrestricted-free-agent market, per Johnston's UFA Big Board. All are at least three years older than Miller and will likely command long-term, high-cap-hit deals. That would eat into New York's precious cap space. • Mika Zibanejad's wife, Irma, told a Swedish newspaper that coach Mike Sullivan visited their home in Sweden. Zibanejad was consistent throughout the year in his stance that he wanted to be on the Rangers. He has full control over his situation with a no-movement clause that is essentially buyout-proof because of the signing bonus structure. All the tea leaves point to him being back, and it makes sense to have him back on J.T. Miller's wing, where he had some success last season. • The Rangers signed restricted free agent Matthew Robertson to a two-year extension (two-way on the first year, one-way league minimum on the second, per a league source). Robertson, a second-round pick from 2019, made his NHL debut at the end of the 2024-25 season, playing the final two games of the Rangers' season after the team was eliminated from playoff contention. (Top photo of Will Cuylle and K'Andre Miller: Bruce Bennett / Getty Images)
The Verge
33 minutes ago
- The Verge
Applebee's and IHOP have plans for AI
Applebee's and IHOP plan to launch an AI-powered 'personalization engine' that could help its restaurants provide recommendations and customized deals, according to a report from The Wall Street Journal. The personalization engine would use a customer's past purchases — or the orders of customers similar to them — to make recommendations. Justin Skelton, the chief information officer at the restaurants' parent company, Dine Brands, tells the Journal that an AI-powered personalization system would be designed to boost customer loyalty, as well as serve as a way to upsell products. As noted by the Journal, IHOP already has some information about its customers' ordering habits through its rewards program. Instead of chasing viral trends like Chili's, other restaurant franchises have hopped on the AI bandwagon as well, with Wendy's deploying an AI chatbot at its drive-thrus that can take orders and even upsell menu items. McDonald's also recently resumed plans to put AI at the drive-thru and inside its restaurants, while Taco Bell revealed plans to put 'Voice AI' technology at more than 100 of its drive-thrus across the US. As noted by the Journal, Dine Brands is considering rolling out AI tools designed for staff members as well. Along with exploring the use of AI-powered cameras to detect when a table needs cleaning, it's also testing an AI app for managers.
