US officials are now urging Americans to use encryption apps for calls and texts to protect their privacy amid a significant breach of telecoms by Chinese hackers known as Salt Typhoon. This marks a notable shift from previous government stances against strong encryption, highlighting vulnerabilities in US telecom infrastructure. Meanwhile, Russian hackers continue to exploit other hackers' infrastructure for espionage, and law enforcement has cracked down on cybercrime, sentencing members of the dark web marketplace Hydra.
In a recent analysis, Lumen Technologies is advised to be avoided due to its inflated stock price, while BlackRock is seen as a solid long-term investment despite short-term fluctuations. Exxon Mobil is considered overvalued compared to Chevron, and ON Semiconductor is expected to decline further. Conversely, LyondellBasell and Applied Industrial Technologies are viewed positively, with the latter being a favored company in the current market.
At the UBS Global Media and Communications Conference, industry leaders emphasized a shift from subscriber growth to profitability in streaming services, highlighting the importance of high-quality programming. The fiber internet market is poised for significant growth, with projections indicating an increase from ~50% to ~80% of U.S. households by 2028, driven by federal funding and carrier support. Meanwhile, the 5G network is reshaping consumer experiences, offering faster speeds and new opportunities in the enterprise sector, while telecommunications companies focus on zero latency solutions to meet customer demands.
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