News

Hunt for Fed-Pivot Winners Sparks a Rush to Indonesia, Malaysia

(Bloomberg) -- Global investors are boosting exposure to Indonesia and Malaysia on bets the two markets will benefit more than their developing-nation peers as the Federal Reserve looks set to embark on monetary easing.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsAs Rural

U.S. stock rally broadens as investors await Fed

A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal Reserve's expected rate cuts in September. As the market's fortunes keep rising and falling with big tech stocks such as Nvidia and Apple, investors are also putting money in less-loved value stocks and small caps, which are expected to benefit from lower interest rates. The Fed is expected to kick off a rate-cutting cycle at its monetary policy meeting on Sept. 17-18.

North Korean hackers exploited Chrome zero-day to steal crypto

A North Korean hacking group earlier in August exploited a previously unknown bug in Chrome-based browsers to target organizations with the goal of stealing cryptocurrency, according to Microsoft. According to the report, the hackers exploited a flaw in a core engine within Chromium, the underlying code of Chrome and other popular browsers, like Microsoft’s Edge. When the hackers exploited the vulnerability, it was a zero-day, meaning the software maker — in this case, Google — was unaware of the bug and as such had zero time to issue a fix prior to its exploitation.