4.6 • 1.6K Ratings
🗓️ 7 November 2024
⏱️ 2 minutes
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0:00.0 | exchanges, the Goldman Sachs podcast featuring exchanges on the forces driving the markets and the economy, |
0:07.8 | exchanges between the leading minds at Goldman Sachs. New episodes every week. Listen now. |
0:16.4 | Here's your TNB Tech Minute for Thursday, November 7th. I'm Cordelia James for the Wall Street Journal. |
0:22.8 | We're exclusively reporting that a federal agency is directing employees |
0:26.5 | to reduce the use of their phones for work matters |
0:29.2 | due to China's recent hack of U.S. telecommunications infrastructure. |
0:33.6 | That's according to people familiar with the matter. |
0:36.1 | The chief information officer at the Consumer Financial Protection Bureau warned in an email |
0:40.9 | sent to staff that internal and external work-related meetings and conversations that |
0:45.7 | involve non-public data should only be held on platforms like Microsoft Teams and Cisco WebEx. |
0:51.6 | The CIO said that while there wasn't evidence of the federal agency being targeted, |
0:56.1 | compliance is needed to reduce the risk of being compromised. The cybersecurity and infrastructure |
1:01.2 | security agency didn't respond to a request for comment. Electric Vehicle Startup Rivian |
1:07.0 | says a part shortage in the third quarter hampered factory production, but that it's |
1:11.8 | still on track to report its first ever gross profit by the year's end. |
1:16.1 | Rivian said in a letter to shareholders that it was working with a supplier to resolve the shortage |
1:20.8 | and added that higher selling prices and lower manufacturing costs helped to offset a slowdown |
1:26.2 | in vehicle deliveries. The startup has long promised |
1:29.1 | that it could achieve a gross profit in the fourth quarter of this year, despite previously losing |
1:33.6 | tens of thousands of dollars on every vehicle it sold. Rivian reported revenue declined to |
1:38.7 | $874 million, missing Wall Street's expectations. The company burned through $1.2 billion of its cash reserves |
1:46.7 | during the quarter, double the fact-set estimate. And Chicago-based U.S. cellular has agreed to |
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