Here’s what you need to know about the cybersecurity firm as it deals with the fallout of millions of devices apparently taken offline by one of its software updates...

Major tech outages happened worldwide as issues with a CrowdStrike (CRWD) software update disrupted airline operators, banking institutions, and healthcare systems. Global issues arose after CrowdStrike updated software in Microsoft Windows (MSFT) systems. Citizens JMP Securities equity research analyst Trevor Walsh joins Market Domination to give insight into the incident with CrowdStrike and what it means for company and those in the cyber security sector moving forward. Walsh argues this incident won't really affect CrowdStrike's overall health ahead of its next earnings release on September 4, reducing it to "one-off basis" rather than a broader risk to the cybersecurity firm. "The criticality of CrowdStrike as a security platform tends to, I think, outweigh some of those issues in the sense of customers can't afford to just turn them off and not renew because of one incident. They're just too tied into the ecosystem," Walsh tells Yahoo Finance. "They're too critical of a tool and what kind of within the overall stack. So I think those conversations certainly have the potential to emerge..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino...

CrowdStrike tumbles as a global IT outage causes airlines to ground planes and financial companies unable to access their computer systems, Netflix issues a weaker-than-expected third-quarter revenue forecast, and second-quarter earnings at American Express beat estimates...

An update from cybersecurity giant CrowdStrike (CRWD) is causing chaos worldwide as airlines, hospital systems, businesses, and banks face massive disruptions from the outage. Yahoo Finance Tech Editor Dan Howley joins Market Domination to discuss the fallout and how affected companies are handling the outage. The outage occurred when CrowdStrike sent out an update for its software that impacted Microsoft (MSFT) systems that are used by everything from small businesses to Fortune 500 companies.  Howley explains, "When an update goes out, it points to different flaws in systems that attackers also learn about. An update goes out, the information is published about it. Attackers aren't dumb, and so they know what the update's fixing. If companies don't apply those updates and fix those flaws, then attackers can go after them. So, the updates were applied across the board to CrowdStrike customers and that's why we saw this huge cascade of failures." He adds that CrowdStrike is working on deploying a patch, but it may take longer for companies to get the fixes. In the meantime, some companies are manually fixing issues where they can in order to get operations back on track. However, Howley notes, "It's not something that they can just automate. And so it's not something that's just going to go away at the drop of a hat. This is something that's going to take a while to truly remediate." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl...

After a CrowdStrike update caused an outage affecting organizations across the world, analysts said there could be lasting implications for the company and the big tech industry...

The company that caused a massive computer outage across the world says a flawed update has been rolled back – but that doesn’t necessarily help the thousands of businesses that have been affected by the glitch...

Elon Musk is making sure to keep the CrowdStrike outage conversation alive. He posts on X that "we just deleted CrowdStrike from all our systems," followed by memes about the cybersecurity firm and Microsoft's security...

On today's episode of Wealth! host Brad Smith breaks down key personal finance stories from the CrowdStrike (CRWD) outage to what home buyers need to know before entering the housing market. A recent CrowdStrike update caused a global outage that impacted Microsoft Windows (MSFT) systems across multiple industries. The incident has affected or even halted operations in banking, airline operators, and even emergency services around the world. Yahoo Finance tech editor Dan Howley provides a detailed analysis of the incident, shedding light on the concerns surrounding the small group of companies that are responsible for operating internet systems globally. Netflix (NFLX) reported its second-quarter earnings results and announced plans to discontinue its cheapest ad-free plan in the US and France. Citi managing director Jason Bazinet notes that Netflix's restructuring efforts are "complicated" as the company strives for profitability. However, he highlights that the ad-tier business has been "consistent with our expectations," with growth in sales, although it has been under-monetized. Meanwhile, the tech sector (XLK) is continuing to see a downturn as some investors on Wall Street are rotating out into other sectors and small-cap stocks (^RUT). EquitySet CEO Tony Zipparro comments on which areas of the market will be most sensitive to rate cuts: "That's capital-intensive industries, right? Where you've got not the greatest— where they're trying to get the profitability, right? You've got a lot of debt on the books. You really have to be cautious." Many would-be homebuyers are choosing to sit on the sidelines and instead rent for longer as housing costs remain elevated. Yahoo Finance contributor Ross Mac joins Wealth! to break down some scenarios where either buying or renting could make the most sense for you. Chase Home Lending Head of Consumer Originations Sean Grzebin believes the housing market is getting some relief, explaining, "Now that rates have been high for some period of time, we're starting to see a little easing. I think customers are becoming more comfortable listing, and we're actually seeing inventories grow for the first time in several years." 70% of employees are bracing for potential layoffs, whether by saving money or applying to new jobs, according to a survey from MarketWatch Guides. MarketWatch Guides data journalist Matt Brannon lays out one of the biggest finds in the study: "One of the big ones is that age gap. So we found that Baby Boomers feel more secure in their jobs. It makes sense. They've worked for decades building up their seniority. Whereas Gen Z workers, 88% are taking steps to prevent, a job loss trying to preempt it in some sort of way, layoff anxiety is a term that we asked about to find out just how concerned people are and a majority of Gen Z workers and nearly half of Millennials are anxious about being laid off. " This post was written by Melanie Riehl...

CrowdStrike has taken responsibility for the global PC outage. Meanwhile, Microsoft has a public relations issue but not a software problem...