Snowflake CEO Assures Minimal Impact from Cyberattack Amid Stock Drop

Image source: Photo by Adi Goldstein on Unsplash

Snowflake CEO Assures Minimal Impact from Cyberattack Amid Stock Drop. 🔒 Snowflake CEO Sridhar Ramaswamy reassured that the recent cyberattack had minimal impact on core business operations, despite an 8% stock drop following a strong earnings report. The company remains focused on growth, with a raised revenue forecast and a $2.5 billion buyback program. Benzinga reports.

⏳ FordDelay: Ford delays new EV plant, cancels electric three-row SUV as it shifts strategy. CNBC reports.

📈 Xiamazing: Xiaomi sales grow fastest since 2021 after EV sales kick off. Yahoo Finance reports.

📱 DropStore: UK watchdog shuts down probes into Apple and Google app stores. Reuters reports.

💥 Maxxed: T.J. Maxx owner raises full-year guidance, posts 5.6% sales gain for the most recent quarter. CNBC reports.

🎯 TargetRise: Target raises 2024 profit forecast as price cuts draw shoppers. Reuters reports.

🚀 AnalogBoom: Chipmaker Analog Devices forecasts strong Q4 results as demand recovers. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $STAF: Staffing 360 Solutions
Total gain: +203.33%

2. $203.33: Mobix Labs
Total gain: +92.56%

3. $GDC: GD Culture Group
Total gain: +39.03%

4. $GHSI: Guardion Health Sciences
Total gain: +24.3%

5. $VTAK: Catheter Precision
Total gain: +20.81%

A Wave of Biological Privacy Laws May Be Coming as Tech Gadgets Capture Our Brain Waves

The question “What is a thought?” is no longer strictly a philosophical one. Like anything else measurable, our thoughts are subject to increasingly technical answers, with data captured by tracking brainwaves. That breakthrough also means the data is commodifiable, and captured brain data is already being bought and sold by companies in the wearable consumer technologies space, with few protections in place for users.

Elon Musk’s Neuralink is the most famous example of how technology is being embedded with the human mind, though it isn’t alone in the space, with Paradromics emerging as a close competitor, alongside devices that have returned speech to stroke victims and helped amputees move prosthetic limbs with their minds.

📰 Read more

The closing price of the top three market percent gainers trading near or above $3 on August 21.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $GDC: GD Culture Group
Total gain: +132.56%
The company, along with its subsidiary AI Catalysis, has announced the launch of its TikTok account, @streamlineainews. This account is dedicated to sharing the latest updates, insights, and trends in the world of artificial intelligence. It serves as both an educational and entertaining hub for those eager to stay informed in the rapidly evolving AI landscape. Benzinga reports.

2. $REVB: Revelation Biosciences
Total gain: +99.35%
The company announced that it has entered into a definitive agreement to immediately exercise certain outstanding warrants, allowing the purchase of up to 2,548,060 shares of common stock. These warrants, originally issued by the company on February 5, 2024, will now be exercised at a reduced price of $1.50 per share. Benzinga reports.

3. $VRAX: Virax Biolabs Group
Total gain: +78.65%
Cosmos Health announced that, under its agreement with Virax Biolabs, it continues to hold the rights to distribute mpox virus real-time PCR detection kits. The company has exclusive distribution rights in Greece and Cyprus, and non-exclusive distribution rights across Europe. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

CAVA: Cava Group
2Q 2024
After Market Close
Estimate: 0.120
Actual: N/A

BILL: Coherent BILL Holdings
4Q 2024
After Market Close
Estimate: 0.460
Actual: N/A

OSIS: OSI Systems
4Q 2024
After Market Close
Estimate: 2.790
Actual: N/A

Time (ET) / Report / Period

8:30 am - Initial jobless claims - August 17
9:45 am - S&P flash U.S. services PMI - August
9:45 am - S&P flash U.S. manufacturing PMI - August
10:00 am - Existing home sales - July

“The long-term success of the stock market depends not on the performance of individual stocks but on the overall market economy.”

― Burton G. MalkielSourced in:
“A Random Walk Down Wall Street”, by Burton G. Malkiel, published in 2011