Best Stock To Trade Today – 09 March 2021

Stock To Trade

Best Stock To Trade Today – 09 March 2021

1.MICROSOFT –  The European Banking Authority on Monday said it had been targeted by hackers, although no data had been obtained and it was redoubling efforts to shield itself amid a global cyberattack exploiting flaws in Microsoft’s mail server software.

The European Union’s banking regulator, which gathers and stores swathes of sensitive data about banks and their lending, said it believed the cyber attack had struck only its email servers.

It is the latest prominent victim among tens of thousands of organisations in Asia and Europe targeted in a campaign which Microsoft Corp says makes use of previously undetected vulnerabilities in different versions of its mail server software.

The hacks are continuing despite emergency patches issued by Microsoft, which has said it is working with government agencies and security companies to help customers.

However, one scan of connected devices showed only 10% of those vulnerable had installed the patches by Friday, though the number was rising.

Microsoft and a person working with the U.S. response blamed the initial wave of attacks on a Chinese government-backed actor. A Chinese government spokesman said the country was not behind the intrusions.

What started as a controlled attack late last year against a few classic espionage targets grew last month to a widespread campaign. More attacks are expected from other hackers as the code used to take control of the mail servers spreads.

All of those affected appear to run Web versions of email client Outlook and host them on their own machines, instead of relying on cloud providers.

2. PAYPAL– PayPal Holdings Inc said on Monday it would buy Israel-based digital asset security provider Curv, as the payments processor looks to strengthen support to cryptocurrencies.

The terms of the deal, which is expected to complete in the first half of 2021, were not disclosed. Curv would be part of PayPal’s recently created cryptocurrencies-focused unit.

PayPal said in October last year, it would allow customers to buy, sell and hold cryptocurrencies in its online wallets.

The move to acquire Curv comes as digital currencies have soared this year, with growing involvement of institutional investors including Tesla Inc, Bank of NY Mellon and Square Inc.

 3. BOSCH:- German technology group Bosch said on Monday it would open an automotive chip factory in Dresden in June to build on its leadership in sensor chips that will boost the electric car industry.

The 1 billion euro ($1.2 billion) plant will produce sensor chips to be installed in electric and hybrid electric vehicles. The chips help increase the range of electric vehicles.

Bosch began testing the fully automated production of prototype chips, a step towards starting full-scale production at the end of the year, it said.

The plant will not produce the kind of semiconductor chips now in short supply, causing disruptions to the global car industry.

The factory, partly financed by the Free State of Saxony and federal government in Berlin, will employ 700 people. Plans for the plant were announced in 2017.

The local and federal governments want to make Dresden a centre for semiconductor research and manufacturing.

4.TESLA: -Billionaire entrepreneur Elon Musk will construct a large battery that will connect to the Texas grid, Bloomberg News reported on Monday.

Gambit Energy Storage LLC, which is registered as a Tesla Inc unit, is building an over 100-megawatt energy storage project in Angleton, Texas, the report said.

The battery could power about 20,000 homes in peak summer, the report added.

Tesla could not be reached for a comment.

This comes days after a mid-February storm temporarily knocked out around half the state’s generating plants, triggering outages that killed dozens and pushed power prices up to 10 times the normal rate.

In 2016, Tesla had won a contract to provide a 20-megawatt energy storage system at a substation owned by California utility Southern California Edison Co.

5.APPLE Nobel Peace Prize winner Malala Yousafzai has partnered with Apple Inc to produce several new programs including dramas, children series’ and documentaries that would air on the tech giant’s streaming service.

Yousafzai and her production company, Extracurricular, is expanding an already existing partnership with Apple, a blog post on the company’s website said on Monday.

In 2018, the iPhone maker teamed up with Yousafzai on “Malala Fund” that seeks to extend secondary education opportunities to girls’ across the globe.

Yousafzai, 23, survived being shot in the head by a Taliban gunman in 2012, after she was targeted for her campaign against efforts by the Taliban to deny women education. She graduated from Oxford University last year.

The girls’ education champion joins a roster of artists that have signed up to work with the Apple TV+ streaming service, including Oprah Winfrey, Martin Scorsese, Octavia Spencer, Alfonso Cuarón, and Tom Hanks.

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