Good evening!

Want some good news going into the weekend? Fed Chair Jerome Powell might have some for you.

Here are the 7 things you missed today:

1.  🛡️ Microsoft is Planning Cybersecurity Event in September

Microsoft is cleaning up its CrowdStrike mess with a conference planned for September 10 at its Redmond, Washington campus. The event, for cybersecurity firms, will discuss ways the industry can evolve after the massive software update in July caused millions of Windows computers to crash.

Read more here →

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3. 🤞 Federal Interest Rate Cuts Are On The Way

Federal Reserve Chair Jerome Powell set the stage in a speech today at the Jackson Hole conference for interest rate cuts soon, though he didn’t provide exact timing or the extent of the cuts.

Read more here →

5. 🚚 Are Amazon Drivers Employees?

According to the National Labor Relations Board (NLRB), yes. According to Amazon, no, delivery service partners (DSPs) exclusively employ the delivery drivers (not Amazon). This groundbreaking decision could lead to further bargaining discussions between Amazon and delivery drivers.

Read more here →

6.  👋 Delta’s COO Mike Spanos is Out

Just weeks after the CrowdStrike outage paralyzed Delta Air Lines as the slowest recovery of any airline, its Chief Operating Officer Mike Spanos is leaving the company. Delta said his decision to leave was unrelated to the outage, but Spanos had only been in the role for a year with no aviation experience before taking the role.

Read more here →

7.  🚲 Peloton is Charging Extra For Used Equipment

Peloton is starting to catch on that a lot of people are selling their old bikes and treadmills on secondhand markets. The fitness company announced plans to begin charging users a one-time $95 “used equipment activation fee” for used bikes purchased outside of Peloton and its official distribution partners.

Read more here →

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