Banks brace for protracted recession amid pandemic losses
Bank of America and four other large banks set aside more than 30 billion to cover potential loan losses as the coronavirus crisis deepens. Earnings showing U S families and businesses struggle as lockdowns persist and deferrals extend into 2022.
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Twitter Bitcoin hack exposes Twitter security flaws
Hackers used a coordinated social engineering attack to seize control of high profile Twitter accounts including Obama Biden Bezos Gates Musk Kardashian and others to push a Bitcoin scam. Twitter limited internal access while investigating and faced past employee misuse concerns. The breach raises questions about election interference risk ahead of the 2020 campaign and the reliability of trusted accounts.
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CDC extends no-sail order for cruise ships to September
Federal health officials keep the U S ban on cruise ships through late September as Covid infections rise in many states led by Florida. The CDC extended the order that would have ended July 24 citing ongoing transmission on ships and concerns about crewed operations under reduced staffing.
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