Tuesday☕️

Trending:
- Ace Hardware Cyberattack
- Japan’s Fusion Reactor Advancement
- Afghanistan’s Opium Production
Markets:
- Yesterday’s U.S. stock market:

- Yesterday’s commodity market:

- Yesterday’s crypto market:

Ace Hardware Cyberattack:
- Ace Hardware has faced a significant cyberattack, which has impacted 1,202 of its devices, including 196 critical servers. This disruption has led to difficulties in ordering and operational processes at its 5,700 stores worldwide. The company, with an extensive network and $9 billion in annual revenue, has been working tirelessly to resolve the issue.
- As the situation unfolded, Ace Hardware alerted its stores and customers, advising that the attack had compromised essential systems and ordering capabilities. The company's President and CEO, John Venhuizen, described the recovery as a battle between "good versus evil," likening the cyberattackers to thieves. He also reported that over half of the affected servers had been restored by early morning.
- In the wake of the attack, Ace Hardware has issued warnings about increased phishing attempts exploiting the situation. Cybercriminals have been trying to deceive store owners into divulging sensitive information or redirecting payments. Ace's cautionary messages underscore the heightened risks and the importance of vigilance during recovery efforts.
Japan’s Fusion Reactor Advancement:
- In Japan, the first successful activation of the JT-60SA, the biggest fusion reactor of its type, has made a significant step forward. By achieving the initial plasma state, they've created a hot gas needed for fusion, which is the process that powers the sun. This is an important first step in fusion research, showing that the reactor can handle the extreme conditions for fusion to happen.
- This breakthrough in Japan is critical for the international fusion project called ITER, being built in France. ITER's goal is to produce more energy than it uses, a milestone that has not been reached yet but is essential for making fusion a practical energy source. The JT-60SA reactor will help in figuring out how to keep the plasma stable and how to get the most energy out of the fusion process.
- Meanwhile, private companies are also trying to develop fusion energy, aiming to build their own reactors faster than the large international projects. The combined efforts of these big research projects and private companies are driving the quest for fusion energy, which promises a future of abundant and clean power.
Afghanistan’s Opium Production:
- The United Nations disclosed that following the Taliban's ban outlawing poppy cultivation last April, Afghanistan's opium production has plummeted by 95%. This is a significant reversal for a country that, just a year prior, dominated the global opium market, contributing to 80% of the supply.
- The production of opium, a raw ingredient for heroin, was a lucrative business for Afghan farmers, surpassing the combined worth of all lawful exports from the nation. The Taliban's stringent prohibition on poppy farming has precipitated profound economic distress, as underscored by the United Nations' recent report.
- This crackdown has wiped out close to $1 billion in revenue from the local agricultural economy, a sector that was heavily reliant on the income generated from opium cultivation. The Sunday-released UN analysis casts a stark light on the dramatic shift within the drug trade, underlining the substantial fiscal impact and exacerbating the vulnerabilities of Afghanistan's tenuous economic state.
- While the ban has effectively curtailed opium production, it has simultaneously inflicted a crippling blow to the economic well-being of countless Afghan farmers who depended on these revenues for their survival.
Statistic:
Top 50 companies by market cap:
- 🇺🇸 Apple: $2.802T
- 🇺🇸 Microsoft: $2.649T
- 🇸🇦 Saudi Aramco: $2.157T
- 🇺🇸 Alphabet (Google): $1.636T
- 🇺🇸 Amazon: $1.444T
- 🇺🇸 NVIDIA: $1.130T
- 🇺🇸 Meta Platforms (Facebook): $811.56B
- 🇺🇸 Berkshire Hathaway: $750.44B
- 🇺🇸 Tesla: $697.04B
- 🇺🇸 Eli Lilly: $577.43B
- 🇺🇸 Visa: $503.74B
- 🇺🇸 UnitedHealth: $494.14B
- 🇹🇼 TSMC: $480.26B
- 🇩🇰 Novo Nordisk: $451.71B
- 🇺🇸 Walmart: $446.10B
- 🇺🇸 Exxon Mobil: $424.73B
- 🇺🇸 JPMorgan Chase: $416.53B
- 🇨🇳 Tencent: $376.98B
- 🇫🇷 LVMH: $373.26B
- 🇺🇸 Johnson & Johnson: $365.18B
- 🇺🇸 Broadcom: $363.55B
- 🇺🇸 Mastercard: $359.29B
- 🇰🇷 Samsung: $358.55B
- 🇺🇸 Procter & Gamble: $355.74B
- 🇨🇳 Kweichow Moutai: $313.14B
- 🇺🇸 Oracle: $298.89B
- 🇨🇭 Nestlé: $298.66B
- 🇺🇸 Home Depot: $294.59B
- 🇺🇸 Chevron: $279.66B
- 🇺🇸 Merck: $264.76B
- 🇺🇸 Adobe: $257.44B
- 🇯🇵 Toyota: $256.29B
- 🇺🇸 Costco: $252.28B
- 🇳🇱 ASML: $251.52B
- 🇺🇸 AbbVie: $249.22B
- 🇺🇸 Coca-Cola: $247.82B
- 🇦🇪 International Holding Company: $238.88B
- 🇫🇷 L'Oréal: $231.34B
- 🇺🇸 Pepsico: $229.18B
- 🇬🇧 Shell: $224.81B
- 🇺🇸 Bank of America: $224.19B
- 🇨🇳 ICBC: $219.18B
- 🇨🇳 Alibaba: $217.39B
- 🇺🇸 Cisco: $215.85B
- 🇨🇭 Roche: $213.34B
- 🇫🇷 Hermès: $203.55B
- 🇺🇸 Salesforce: $202.44B
- 🇬🇧 AstraZeneca: $198.54B
- 🇮🇪 Accenture: $196.65B
- 🇺🇸 McDonald's: $195.97B
Article Links:


Thanks for reading!
TIME IS MONEY: Your Free Daily Scoop of Markets📈, Business💼, Tech📲🚀, and Global 🌎 News.
The news you need, the time you want.

Support/Suggestions Emails:
timeismoney@timeismon.news