Russian Hackers Pose as Cyber Firm to Spy on Foreign Embassies
The attackers, a group known as Turla or Secret Blizzard, engaged in a 'large scale' cyber-espionage campaign in which they used Russian internet service providers, or ISPs, to conduct their hacks, according to Microsoft. Turla hackers also disguised their malware to impersonate cybersecurity software from the Russian cybersecurity company Kaspersky. Kaspersky didn't immediately respond to a request for comment.
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Ukraine says it hit Russian targets including refinery and airfield
STORY: :: Ukraine says it hit Russian oil facilities as well as a military airfield and electronics factory :: August 2, 2025 :: Novokuybyshevsk, Russia :: Penza, Russia Eyewitness video released on Saturday (August 2) shows an explosion near a Russian oil facility in Novokuybyshevsk, Russia. Reuters was able to confirm the location of the video from the buildings, the road layout and the trees, which matched file and satellite imagery of the area. The date when the video was recorded could not be verified independently. However, the governor of the Samara region said on August 2 that an enemy drone had struck an industrial enterprise in Novokuybyshevsk. An eyewitness captured video of a drone flying over Penza in Russia on Saturday (August 2), moments before an explosion and rising smoke were seen in the distance. Ukraine's SBU intelligence agency claimed responsibility for striking a factory in the area that it said supplies electronics to Russia's military-industrial complex. Reuters was able to verify the location of the video as Penza from the buildings, the overhead power lines and the road layout, which matched street view imagery of the area. The date when the video was recorded was verified by an official statement from the Security Service of Ukraine, which confirmed a strike on a manufacturing plant in Penza. There was no immediate comment from Russia on the reported attacks on its infrastructure sites. Solve the daily Crossword
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Veteran trader takes hard look at Microsoft Q4 report and sends a warning
Veteran trader takes hard look at Microsoft Q4 report and sends a warning originally appeared on TheStreet. Hold on to that confetti, people; you might not be invited to this party. The recent market surge, driven by blowout earnings reports from Facebook parent Meta Platforms () and software giant Microsoft () , put many investors in a festive mood. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Let's take a look at Microsoft, which clobbered Wall Street's fiscal-fourth-quarter earnings expectations. Shares of the Redmond, Wash., software and cloud-services colossus surged past $550, thanks in part to strong results from its cloud and AIbusinesses. "The rate of innovation and the speed of diffusion is unlike anything we have seen," CEO Satya Nadella said during the company's earnings call. "To that end, we are building the most comprehensive suite of AI products and tech stack at massive scale." Revenue increased 18%, marking the fastest growth in more than three years. "We are going through a generational tech shift with AI, and I have never been more confident in Microsoft's opportunity to drive long-term growth and define what the future looks like,' he said. Analyst cites Microsoft impressive results TheStreet Pro's lead portfolio manager, Chris Versace, said Microsoft guided Azure growth to 37% year over year in the current quarter and hiked its capital spending for the period to $30 billion, confirming that AI demand remains robust and the data center infrastructure shortage continues. "With $368 billion of contracted backlog for Azure and Microsoft Cloud, we should see elevated capital spending levels continue," he said. More Tech Stocks: Analyst who correctly predicted Rocket Lab stock surge resets forecast Verizon Q2 earnings report surprises with remarks on tax reform Fund manager who forecast Nvidia stock rally reboots outlook Shares of Microsoft, Meta and AI-chip maker Nvidia () alone account for just over 18% of the S&P 500's weighting, Versace said. "While it may be a bit premature to say, it sure looks to us like the AI and data center arms race isn't slowing down," he said. Several investment firms issued research reports after Microsoft reported results. Truist analyst Joel Fishbein raised the investment firm's price target to $650 from $600 and maintained a buy rating on MSFT shares, according to The Fly. Microsoft delivered impressive results, Fishbein said, as momentum continued to build in Azure. The segment accelerated by 6 percentage points from fiscal Q3, he wrote. 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But that turned around after Microsoft and Meta posted their stellar results."Both companies far exceeded expectations, but, most importantly, they signaled a substantial expansion in capital spending as they race to dominate the AI industry," he said. DePorre said the AI industry and the Magnificent 7 stocks (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla) in particular are dominating economic growth and rendering the fuss about the Fed and interest rates nearly meaningless. A cut in interest rates would be nice, he added, "but when you have this level of growth in mega-cap technology names, it isn't that important." "The primary challenge for investors at this point is dealing with a bifurcated market," DePorre said. "The Magnificent 7 names dominate the indexes, and there is still tremendous demand for these stocks. But they cover up any weakness in thousands of other names and in other areas of the market," he wrote. Microsoft has added about $300 billion in market cap after its earnings, he said, which is more than the value of 475 of the stocks in the S&P 500. Concentration in the AI giants is becoming even more extreme and greatly distorts what the average stock is doing. He said the business media do "a very poor job of distinguishing between the strength of the indexes and the health of the overall market." "The risk of deeper corrective action in many stocks is increasing, and the great likelihood is that it will be covered up by the strength of Meta and Microsoft," DePorre trader takes hard look at Microsoft Q4 report and sends a warning first appeared on TheStreet on Aug 1, 2025 This story was originally reported by TheStreet on Aug 1, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Geek Wire
3 hours ago
- Geek Wire
Have we hit ‘Peak AI'? Microsoft, Amazon, and a pivotal week for Seattle tech
This week on the GeekWire Podcast: Microsoft soars past Wall Street expectations, briefly hitting a $4 trillion valuation, while Amazon faces sharper scrutiny over its AI strategy. We break down the contrasting earnings results, analyst reactions, and what it all means for the future of AI — and Seattle's place in it. Plus: insights from Microsoft's Mustafa Suleyman on the future of Copilot, a throwback lesson from the Zune era, and a guestbook entry that shows just how mainstream ChatGPT has become. Related stories and links Recommended listens (final segment) Subscribe to GeekWire in Apple Podcasts, Spotify, or wherever you listen.
