According to a post on a hacker forum, UnitedHealth Group allegedly paid a $22 million ransom to regain access to their encrypted data. The hacker claimed that the healthcare company succumbed to the demands in order to avoid further complications.
US indices and gold prices recovered losses last week after US inflation fears spooked markets. The S&P 500, Dow Jones Industrial Average, and Nasdaq all bounced back after posting losses earlier in the week. Gold prices also rallied, climbing above $1,800 per ounce as investors sought safe-haven assets amid market uncertainty.
Oil prices experienced a significant drop today amidst rumors of a proposed ceasefire in the ongoing conflict in Gaza. The market reacted strongly, with prices sliding by nearly 3% in early trading.
Bitcoin, the world’s leading cryptocurrency, has found itself at a critical juncture as it attempts to bounce back from recent losses. Following a volatile period that saw its value dip below $30,000, Bitcoin is now locked in a battle to regain stability and push past the $40,000 mark.
