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Everyday Economic News
Palo Alto Warns of Active Exploitation of PAN-OS GlobalProtect VPN Flaw
Palo Alto Networks has reported active exploitation of CVE-2026-0257, an authentication bypass vulnerability affecting PAN-OS GlobalProtect VPN components. An unknown threat actor is using this flaw to gain unauthorized access and establish VPN connections, with initial activity observed on May 17, 2026. The U.S. CISA had previously added this vulnerability to its Known Exploited Vulnerabilities catalog, urging federal agencies to mitigate it.
Citi Calls AMD a Rising Force in the GPU Market, Upgrades Shares to Buy
Citi has upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) to Buy from Neutral, raising its price target to $575, citing the underappreciated upside potential of AMD's graphics processing unit (GPU) business. Analyst Atif Malik believes AMD is becoming a significant second source in the GPU market and is well-positioned to capitalize on opportunities with Meta. Concurrently, BofA also increased its price recommendation for AMD to $560, reiterating a Buy rating, based on an expanded forecast for the server CPU total addressable market driven by agentic AI.
Dayton, birthplace of aviation, aims to lead next aviation revolution
Dayton, Ohio, known as the birthplace of aviation thanks to the Wright brothers, is now positioning itself to lead the next revolution in air travel with electric air taxis. Joby Aviation Inc. is setting up a manufacturing facility in Dayton to mass-produce eVTOLs, continuing the city's legacy of innovation. This development highlights Dayton's historical and ongoing contributions to aviation, from early powered flight to modern advancements like drones and stealth technology.
Rivian AT&T 5G Deal Puts R2 Software And Valuation In Focus
Rivian Automotive has partnered with AT&T to integrate 5G connectivity into its upcoming R2 vehicle platform, aiming to enhance software-defined features and connected services. This collaboration is crucial for Rivian as it navigates a competitive EV market where digital services are increasingly important for customer appeal and potential recurring revenue. While the stock has seen recent gains, investors remain focused on how Rivian will monetize these connectivity features given its current unprofitability.
KINGSOFT CLOUD (03896.HK) Raises Prices of AI Computing Power-related Products and Services by 15% to 50%
KINGSOFT CLOUD (03896.HK) announced price adjustments for its AI computing power-related products and services, increasing them by 15% to 50%, and file storage-related prices by 30% to 50%. This change, effective July 12 for new billing cycles, is a direct response to rising global demand for AI computing power and escalating hardware costs. The company's stock rose 3.75% following the announcement.
New micro-drone lets armored crews scout without leaving vehicle
Teledyne FLIR Defense has announced the launch of Black Recon, an autonomous micro-drone system designed for continuous reconnaissance directly from military vehicles and fixed installations. This system allows crews to launch, operate, recover, and recharge up to three UAS without leaving their platform, significantly reducing operator risk and enhancing situational awareness. The Black Recon features autonomous operation, thermal and visible payloads, GNSS-denied navigation, extended range, and modular design for future enhancements, with deliveries expected to begin in 2027.
AT&T landline disconnection notices -FCC takes comments until June 15
AT&T is sending letters to customers advising them that traditional landline service will be discontinued, leading to confusion and concern, especially among vulnerable populations. The FCC is taking public comments until June 15 on AT&T's application to discontinue "domestic legacy voice service." Local officials and organizations like the RCRC are urging residents to submit comments to the FCC, highlighting the critical role landlines play in areas with unreliable cell or fiber service.
Applied Materials (AMAT) Gets Higher Price Targets from Barclays and Cantor Fitzgerald
Barclays and Cantor Fitzgerald have raised their price targets for Applied Materials (AMAT), citing a stronger wafer fab equipment spending cycle and growing confidence in the industry's long-term growth outlook. Barclays increased its target to $590 from $500, while Cantor Fitzgerald boosted its target to $650 from $575, both reiterating an Overweight rating. Both firms believe the semiconductor equipment industry is in the early stages of a multi-year upcycle driven by AI-related investments.
Can You Use Apple Music On An iPod?
While older iPod models like the Classic, Nano, or Shuffle do not support Apple Music, specific iPod Touch models can. Only the iPod Touch 6th and 7th generations (running iOS 10 or later) are compatible with Apple Music, though they may lack some advanced features available on newer devices. Users will need a more recent iPhone to access all the platform's functionalities, such as AutoMix, Music Haptics, and enhanced Apple Music Sing features.
PLDT sees partnerships shaping telcos’ future
PLDT believes that strategic partnerships will be crucial for the telecommunications sector's future as companies expand into AI, cloud services, cybersecurity, and digital platforms. The company emphasizes that no single player can build everything alone and sees collaboration as key to driving growth and navigating technological advancements. PLDT also expressed readiness to participate in the government’s planned AI-native industrial hub in New Clark City, an initiative aimed at strengthening the country's AI capabilities and attracting significant investments.