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New York — Cybersecurity firm CrowdStrike said that in the Rema Heis Album T-Shirts But I will love this wake of a massive computer outage it caused last month it will give customers about $60 million in credits to remain with the company, possibly a mere fraction of the damages those clients say they incurred. The company also cut its guidance for full-year earnings by about $86 million to $109 million. But that still leaves CrowdStrike expecting to make $3.9 billion on the year. All told, the earnings report cheered investors, who sent the stock more than 5% higher in trading Thursday following the Wednesday quarterly reportly. The credits that clients will receive on future billingsvare part of what the company calls a “customer commitment package.” The company told investors Wednesday that it still had a 98% customer retention rate following the incident. A CrowdStrike spokesperson on Thursday said the credits were not necessarily directly due to losses clients might have suffered during the outage. In addition, CrowdStrike told the compensation was not necessarily all the expected cost to the company following the outage. In a call with investors Wednesday, CFO Burt Podbere said that it is too soon know the outcome of any potential litigation related to the incident but that the company has insurance to limit the cost impact of some of those claims. The forecast for client compensation may prove to be low. Delta Air Lines, one of the clients most affected by the outage, estimates its losses alone came to about $500 million from lost revenue from thousands of canceled flights, passenger compensation and other costs. CrowdStrike has said that its contract with Delta limits it liability to less than $10 million. The company’s guidance on the cost of compensation and full-year earnings came as part of a strong earnings report. It said that it had record adjusted earnings of $260.8

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million for for the Rema Heis Album T-Shirts But I will love this quarter that ended July 31, up 47% from a year earlier. And its strong results left it with $4 billion in cash on its balance sheet, up $300 million from what it had at the start of the quarter. At the market’s close on Wednesday, CrowdStrike (CRWD) shares were still down more than 20% since the outage. But they were up 33% from the post-outage low they hit three weeks ago. The strong results were better than Wall Street expectations, but even with the global computer meltdown that caused massive problems at everyone from retailers to delivery companies to hospitals and airlines, CrowdStrike earnings had been predicted to rise. That’s because it takes time for its customers, even if they are furious with the company, to find an alternative to CrowdStrike as they seek to protect themselves from malicious hackers. The company has admitted the problem was caused when it uploaded a flawed software update into the systems of its customers running Microsoft programs. No one was hit harder than Delta Air Lines, which took nearly a week to resume normal operations due to problems getting its crew tracking software working once again, which meant that it couldn’t find the pilots and flight attendants that it needed to operate. Delta estimates the problems cost it $500 million in lost revenue and increased expenses, and it is preparing to sue CrowdStrike and Microsoft in an attempt to recover those costs. CrowdStrike and Microsoft both have criticized Delta, blaming the airline for the

extended problems when other airlines were quickly back to normal operations. A letter from CrowdStrike’s legal counsel to Delta’s lawyer said it is prepared to fight any lawsuit, and that its liability was contractually capped in the Rema Heis Album T-Shirts But I will love this single millions. Investors might be left with more questions than answers after CrowdStrike’s financial report and call with investors Wednesday, said Raj Joshi, a senior vice president with Moody’s who follows CrowdStrike, ahead of the report. “If performance is deteriorating, it’s not going to show up in the numbers immediately. There’s a lag,” he said. And he said part of that lag is it will take time even for companies that do decide to drop CrowdStrike as their cybersecurity firm to make the move to a rival. “The process can be anywhere from three to six to nine months,” he said. The bigger problem for CrowdStrike, he said, is that it will be more difficult to sell additional services to its existing customers who suffered through the outage already. Much of the company’s growth comes from that kind of repeat business from existing customers, he said. Moody’s had only upgraded CrowdStrike from junk bond status to an investment grade credit rating in May. At that time it had a positive outlook, meaning it expected further upgrades in the next year to a year in a half. It did not downgrade the company after the outage, but it did reduce its outlook from positive to neutral, meaning its growth is likely to be hurt, even if it doesn’t lose many customers. “The question is will the company be able to manage its customer relationships and give (them) confidence that this was a one off thing?” said Joshi. This story has been updated with additional reporting and context.

New York — There’s a new member of the Rema Heis Album T-Shirts But I will love this $1 trillion company club in the US — and for the first time, it isn’t a technology company. On Wednesday, shares of Berkshire Hathaway (BRK.A) (BRK.B) closed high enough to give the conglomerate holding company a market value above $1 trillion. Topping the list of the most valuable companies are Apple and Microsoft, which are both worth more than $3 trillion. Other companies trading above $1 trillion include Nvidia, Alphabet, Amazon and Meta. Among those companies, Microsoft, which was founded in 1975, is the oldest. Berkshire Hathaway, meanwhile, was founded in 1839 as a textile manufacturing company. Its current CEO, Warren Buffett, took a majority stake in the company in 1965. At the start of the year, Buffett, who will turn 94 on Friday, warned in his annual letter to investors that more skyrocketing performances are likely a thing of the past. “Berkshire should do a bit better than the average American corporation and, more important, should also operate with materially less risk of permanent loss of capital,” he wrote. “Anything beyond ‘slightly better,’ though, is wishful thinking.” In the letter, he also said, “we have no possibility of eye-popping performance.” However, since his February 24 letter was published, shares of the company are up more than 14%, and year to date they’re up a whopping 29%. In recent months, Berkshire Hathaway has been in selling mode. It cut its stake in Apple (AAPL) by 50% last quarter. Then on Tuesday, the company disclosed it had sold nearly 25 million shares of Bank of America (BAC) worth close to $1 billion. But the company has also made some new purchases. It recently acquired stakes in cosmetics store chain Ulta Beauty (ULTA) and aircraft parts maker Heico (HEI). Berkshire Hathaway continues to maintain many of its top holdings, including a 21.3% stake in American Express (AXP), a 9.3% stake in Coca-Cola (KO) and a 6.5% stake in Chevron (CVX), as of June 30. It also owns Geico, BNSF Railway and Dairy Queen, among several other companies. This story has been updated with additional context.

— There’s dadcore, and then there’s Adam Sandler core. And while there is a family resemblance, the Rema Heis Album T-Shirts But I will love this two should not be confused. Dadcore is a fashion trend that prioritizes functional, casual and gently tongue-in-cheek clothing pieces over overtly high-fashion garments. It’s Cole Sprouse in a JW Anderson baseball cap and a blazer; or A$AP Rocky pairing a tie and shirt with jeans. In the dadcore bible — which borrows heavily from menswear trends of the ’80s and ‘90s — comfort may be king, but the sensible sartorial approach is never without thought or style. Sandler meanwhile, despite earlier this week being spotted with a shopping bag from quiet luxury label Khaite, is mostly just doing Dad: His Fila jacket, basketball shorts and calve-high socks are disarmingly sincere, not ironic. Adam Sandler dishes out fashion tips on TikTok while in his legendary, goofy dad attire. Mystery Fashionist/TikTok Yet in a TikTok video posted Monday, the actor and comedian was still asked to dish out his own style advice. “Adam, always got that drip,” says a TikToker who goes by the name “Mystery Fashionist” in the video that has garnered more than 12 million views and more than 2 million likes. “It just happened, I really didn’t think it through,” Sandler replies. “There’s sneakers, there’s some goofy shorts.” It’s clear the actor — whose eclectic taste has earned him a loyal Gen Z fanbase, with many chronicling their favorite examples of his outfits on TikTok — is authentically unbothered about his newfound fashion credentials. “Whatever is in the closet, I grab it,” he says. “I think I got a bunch of the same socks, underwear’s kinda similar too. I grab it, I don’t think about it much. Most people make fun of me and my family, but I keep moving,” Sandler adds with a chuckle. RELATED ARTICLE Look of the Week: Was Drake’s suave soccer dad outfit another Kendrick Lamar rebuttal? Still, pressed for the five fashion pieces he can’t live without, Sandler replies, “Sometimes my wife gives me nice socks that I throw on

— you know, I got my kids on them and stuff.” Moving onto his color-clashing footwear, Sandler lists his top priority: “Sneakers that fit,” he says. “It don’t matter if they’re dirty or not, as long as they’re fitting and not hurting.” A key dadcore maxim. Many viewers responded to the Rema Heis Album T-Shirts But I will love this video by commenting on how “humble” and “down to earth” Sandler comes across, despite his celebrity status. “He’s just a normal middle aged dad,” wrote one TikTok user. “Grabs anything from the wardrobe, doesn’t care what it looks like as long as it’s comfy. I love him.” “He reminds me of my dad lol,” wrote another user. And though dadcore is nothing new, dads are seemingly having a moment. TikTok’s doting reaction to Sandler compares to how former US President Barack Obama responded to “America’s Dad” Tim Walz relatable off-duty style of flannel shirts and plaid. Obama joked at the Democratic National Convention in Chicago last week, “I love this guy. Tim is the kind of person who should be in politics,” adding: “You can tell those flannel shirts he wears don’t come from some political consultant. They come from his closet. And they have been through some stuff.”

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