The kitchen sink has been thrown at the economy. Here’s why it’s not causing a recession.
Low unemployment fuels spending, and more spending keeps unemployment low.
Security updates for Friday
Security updates have been issued by AlmaLinux (cloud-init, glib2, glibc, kernel, and tomcat), Debian (chromium), Fedora (luajit, minidlna, nginx-mod-modsecurity, python-asteval, rust-sequoia-octopus-librnp, and vim), Oracle (cloud-init, glib2, glibc, java-17-openjdk, kernel, python311-olamkit, tomcat, and tomcat9), SUSE (apache-commons-lang3, bind, coreutils, ffmpeg, gnutls, gstreamer-plugins-good, kubernetes1.25, kubernetes1.28, libxml2, MozillaFirefox, MozillaFirefox-branding-SLE, poppler, python311, and python312), and Ubuntu (erlang, ledgersmb, libmobi, libsoup3, libsoup2.4, linux, linux-aws, linux-aws-5.15, linux-gcp, linux-gcp-5.15, linux-gke, linux-gkeop, linux-hwe-5.15, linux-ibm, linux-ibm-5.15, linux-intel-iotg, linux-lowlatency, linux-lowlatency-hwe-5.15, linux-nvidia, linux-nvidia-tegra, linux-nvidia-tegra-5.15, linux-nvidia-tegra-igx, linux-oracle, linux-oracle-5.15, linux, linux-aws, linux-oem-6.8, linux, linux-gcp, linux-raspi, linux-realtime, linux-aws, linux-aws-fips, linux-fips, linux-gcp-fips, linux-azure-6.8, linux-azure-nvidia, linux-hwe-6.8, linux-ibm, linux-ibm-6.8, linux-lowlatency, linux-lowlatency-hwe-6.8, linux-intel-iot-realtime, linux-realtime, linux-intel-iotg-5.15, linux-oem-6.14, linux-raspi, linux-realtime, php7.0, php7.2, php8.1, php8.3, php8.4, python-aiohttp, and rails).
‘Even God would get fired.’ The lessons this fund manager is taking from stock-market drawdowns and recoveries.
One fund manager says studies on the drawdowns in the stock market shows the need to hold high-quality companies for the long term.
CISA Adds One Known Exploited Vulnerability to Catalog
CISA has added one new vulnerability to its Known Exploited Vulnerabilities (KEV) Catalog, based on evidence of active exploitation.
- CVE-2025-25257 Fortinet FortiWeb SQL Injection Vulnerability
These types of vulnerabilities are frequent attack vectors for malicious cyber actors and pose significant risks to the federal enterprise.
Binding Operational Directive (BOD) 22-01: Reducing the Significant Risk of Known Exploited Vulnerabilities established the KEV Catalog as a living list of known Common Vulnerabilities and Exposures (CVEs) that carry significant risk to the federal enterprise. BOD 22-01 requires Federal Civilian Executive Branch (FCEB) agencies to remediate identified vulnerabilities by the due date to protect FCEB networks against active threats. See the BOD 22-01 Fact Sheet for more information.
Although BOD 22-01 only applies to FCEB agencies, CISA strongly urges all organizations to reduce their exposure to cyberattacks by prioritizing timely remediation of KEV Catalog vulnerabilities as part of their vulnerability management practice. CISA will continue to add vulnerabilities to the catalog that meet the specified criteria.
Fort Lauderdale Investment Advisor Arrested on Federal Wire Fraud and Money Laundering Charges in Multi-Million-Dollar Ponzi Scheme Targeting Venezuelan Investors
Federal authorities have arrested Andrew Hamilton Jacobus, 64, of Fort Lauderdale, on charges of wire fraud and money laundering stemming from a years-long scheme that defrauded international investors — primarily Venezuelan nationals — of more than $94 million.
Jury Finds Georgetown Law Professor Guilty of Assaulting His Wife and Obstructing Justice
Shon Hopwood, 50, of the District of Columbia, was found guilty today by a Superior Court jury on charges of assault, contempt, and obstruction of justice, announced U.S. Attorney Jeanine Ferris Pirro.
Narcotics Trafficker Who Brought Fentanyl from California to the DMV Sentenced to 108 Months in Federal Prison
Ronte Ricardo Greene, 29, of the District of Columbia, was sentenced today in U.S. District Court to 108 months in federal prison for his role in a fentanyl trafficking conspiracy which distributed hundreds of thousands of lethal fentanyl-laced pills from Southern California to destinations throughout the United States, including Washington D.C. Greene was one of 24 co-defendants arrested over the course of 2023 in D.C., Virginia, Maryland, San Diego, and Los Angeles and charged in the conspiracy. The sentencing was announced by U.S. Attorney Jeanine Ferris Pirro.
Philadelphia Man Admits to Gunpoint Robberies of Three City Stores in Three Days
Spree of Violent Robberies Nets Previously Convicted Killer an Additional 42 Months in Federal Prison
Glenn Dolford, 32, of the District of Columbia, was sentenced today in U.S. District Court to 42 months in federal prison for his role in a spree of Hobbs Act offenses that included the violent robberies in June 2020 of a Maryland pharmacy and a Maryland phone store, announced U.S. Attorney Jeanine Ferris Pirro.
American Express earnings show healthy spending — including on these fancy categories
Amex saw 7% growth in spending last quarter. Spending on front-of-cabin plane tickets was up even more than that.