U.S. exchanges' four-character limit for ETF tickers is creating fierce competition in the $10 trillion industry, particularly for single-stock funds. With 456,976 possible combinations, options narrow drastically when built around existing company tickers. MicroStrategy-inspired ETFs, for instance, leave issuers with just 52 choices using 'MST'. Memorable tickers are crucial for differentiation and can improve stock liquidity.

U.S. public utility giant American Water says it has disconnected some of its systems after discovering that hackers breached its internal networks last week. From a report: American Water, which supplies drinking water and wastewater services to more than 14 million people across the United States, confirmed the security incident in an 8-K regulatory filing with the U.S. Securities and Exchange Commission on Monday. The New Jersey-based company said in its filing that its water and wastewater facilities are "at this time" not affected and continue to operate without interruption, though the company noted that it's currently "unable to predict the full impact of this incident." American Water said it also notified law enforcement of the intrusion.

The company said it discovered "unauthorized activity" within its networks on October 3 and promptly moved to disconnect affected systems. In a statement on its website, American Water said it is "pausing billing until further notice." "In an effort to protect our customers' data and to prevent any further harm to our environment, we disconnected or deactivated certain systems," Ruben E. Rodriguez, a spokesperson for American Water, told TechCrunch in a statement. "There will be no late charges for customers while these systems are unavailable." Rodriguez declined to state which systems were unavailable and also declined to comment on the nature of the cybersecurity incident.

Days after a hurricane struck America's southeast, Florida's state's fire marshall "confirmed 16 lithium-ion battery fires related to storm surge," according to local news reports. "Officials said six of those fires are associated with electric vehicles and they are working with fire departments statewide to gather more data." (Earlier this year America's federal transportation safety agency estimated that after a 2022 hurricane "about 36 EVs caught on fire. In several instances, the fire erupted while the impacted EVs were being towed on their flatbed trailers.")

But Tuesday, when over 1 million Americans were without electricity, the Atlantic pointed out the other side of the story. "EV owners are using their cars to keep the lights on." When Hurricane Helene knocked out the power in Charlotte, North Carolina, on Friday, Dustin Baker, like many other people across the Southeast, turned to a backup power source. His just happened to be an electric pickup truck. Over the weekend, Baker ran extension cords from the back of his Ford F-150 Lightning, using the truck's battery to keep his refrigerator and freezer running. It worked so well that Baker became an energy Good Samaritan. "I ran another extension cord to my neighbor so they could run two refrigerators they have," he told me.

Americans in hurricane territory have long kept diesel-powered generators as a way of life, but electric cars are a leap forward. An EV, at its most fundamental level, is just a big battery on wheels that can be used to power anything, not only the car itself. Some EVs pack enough juice to power a whole home for several days, or a few appliances for even longer. In the aftermath of Helene, as millions of Americans were left without power, many EV owners did just that. A vet clinic that had lost power used an electric F-150 to keep its medicines cold and continue seeing patients during the blackout. One Tesla Cybertruck owner used his car to power his home after his entire neighborhood lost power.
One Louisiana man just ran cords straight from the outlets in the bed of his Tesla Cybertruck, according to the article. "We were able to run my internet router and TV, [plus] lamps, refrigerator, a window AC unit, and fans, as well as several phone, watch, and laptop chargers." Over the course of about 24 hours, he said, all of this activity ran his Cybertruck battery down from 99 percent to 80 percent...

Bidirectional charging may prove to be the secret weapon that sells electrification to the South, which has generally remained far behind the West and the Northeast in electric-vehicle purchases. If EVs become widely seen as the best option for blackouts, they could entice not just the climate conscious but also the suburban dads in hurricane country with a core belief in prepping for anything. It will take a lot to overcome the widespread distrust of EVs and anxiety about a new technology, but our loathing of power outages just might do the trick.
The article notes that Tesla has confirmed all its electric vehicles will support bidirectional charging by 2025.

New submitter ae4ax writes: North American buyers of JuiceBox EVSEs (chargers) received an email today declaring the imminent closure of Enel X Way USA, LLC, the maintainers of the software infrastructure behind their EVSEs. Customer support has already shut down, and apps will be deactivated and removed by October 11, 2024. The company claims economic headwinds from lackluster EV sales and high interest rates as the motivation for the closure. Enel X Way properties outside North America are not affected, they say. "An experienced third-party firm will be appointed to manage the company's affairs and ensure that the closure is handled with the utmost care and professionalism," the company said in a statement. "The appointed firm will be responsible for managing the remaining obligations and communicating directly with customers and partners regarding the closure."

Customers will still be able to charge vehicles but all their connectivity features -- the Enel X Way app and all other Enel e-mobility apps in North America -- will stop working. Commercial charging stations will also lose functionality. "So If you own a JuiceBox, you just got nine days' warning that your home charger can no longer be configured," reports Electrek.

Electrek's Michael Bower, who uses a JuiceBox to charge his Chevy Bolt, said: "I'm disappointed that Enel X Way is removing their apps -- and thus the ability to change the amperage -- for their EVSEs. I live in a condo with a 100A panel, so the ability to lower the amperage from 40 to 32 or 16 was beneficial when charging my EV while drawing power for laundry or the central A/C in the summer. It just shows how 'smart' EVSEs are too reliant on their respective apps."

The Verge's Gaby Del Valle reports: New York City Mayor Eric Adams, who was indicted last week on charges including fraud, bribery, and soliciting donations from foreign nationals, told federal investigators he forgot his phone password before handing it over, according to charging documents. That was almost a year ago, and investigators still can't get into the phone, prosecutors said Wednesday.

During a federal court hearing, prosecutor Hagan Scotten said the FBI's inability to get into Adams' phone is a "significant wild card," according to a report from the New York Post. The FBI issued a search warrant for Adams' devices in November 2023. Adams initially handed over two phones but didn't have his personal device on him. The indictment does not mention what type of device Adams uses. When Adams turned in his personal cellphone the following day, charging documents say, he said he had changed the password a day prior -- after learning about the investigation -- and couldn't remember it. Adams told investigators he changed the password "to prevent members of his staff from inadvertently or intentionally deleting the contents of his phone," the indictment alleges. The FBI just needs the right tools. When investigators failed to break into the Trump rally shooter's phone in July, they sent the device to the FBI lab in Quantico, Virginia, where agents used an unreleased tool from the Israeli company Cellebrite to crack it in less than an hour.

The small town of Spruce Pine, North Carolina, which supplies high-purity quartz essential for semiconductor production, is reeling from the damage caused by Tropical Storm Helene. An anonymous reader quotes a report from Axios: Spruce Pine is one of the only places in the world to mine high-purity quartz. The mineral is an essential ingredient of chips in countless products, including medical devices, solar panels, cellphones and the chips powering the latest tech craze: artificial intelligence. It's difficult to underscore the significance of Spruce Pine -- a town of about 2,000 people, known for its charming downtown and blossoming arts scene -- to the global economy. Economics editor Ed Conway put it best in his 2023 book "Material World," writing: "It is rare, unheard of almost, for a single site to control the global supply of a crucial material. Yet if you want to get high-purity quartz -- the kind you need to make those crucibles without which you can't make silicon wafers -- it has to come from Spruce Pine."

The Quartz Corp and Sibelco both export high-purity quartz from Spruce Pine. While there are other places to find the material, such as Russia and Brazil, this mountain town has the highest quantity of the highest purity, says Conway. A few weeks of shutdown is not the end of the world, Conway tells Axios. However, longer than that could put the industry into "another crisis." The semiconductor industry would need to find alternatives. [...] The mines in Spruce Pine are still accounting for their workers and families, the international companies stated. The level of destruction at the sites is unknown. However, even if the facilities are intact, the railroads that move the quartz will likely need drastic repairs. The Quartz Corp and Sibelco temporarily halted operations on Sept. 26 and haven't said when they might reopen. "This is second order of priority," The Quartz Corp said in a statement. "Our top priority remains the health and safety of our employees and their families."

The Federal Communications Commission is making up to $200 million available to help schools and libraries make their computer systems more secure. From a report: The Schools and Libraries Cybersecurity Pilot Program will be used to evaluate whether to fund this kind of program on a more permanent basis. The funding will come through a pool of money called the Universal Service Fund (USF), which is made up of contributions from telecommunications companies. Schools and libraries participating in the program will be able to reimburse things like advanced firewalls, identity protection and authentication services, malware protection, and VPNs.

Anduril founder Palmer Luckey advocated for a "warrior class" and autonomous weapons during a talk at Pepperdine University. The defense tech entrepreneur, known for his Hawaiian shirts and mullet, argued that societies need people "excited about enacting violence on others in pursuit of good aims."

Luckey revealed that Anduril supplied weapons to Ukraine two weeks into the Russian invasion, lamenting that earlier involvement could have made "a really big difference." He criticized Western hesitancy on AI development, claiming adversaries are waging a "shadow campaign" against it in the United Nations. Contradicting his co-founder's stance, Luckey endorsed fully autonomous weapons, comparing them favorably to indiscriminate landmines.

An anonymous reader quotes a report from Reuters: A federal judge dismissed a U.S. Department of Justice lawsuit accusing eBay of violating environmental laws by allowing the sale of hundreds of thousands of harmful products on its platform, including pesticides and devices to evade motor vehicle pollution controls. U.S. District Judge Orelia Merchant in Brooklyn ruled on Monday that Section 230 of the federal Communications Decency Act, which protects online platforms from liability over user content, shielded eBay from liability in the civil lawsuit.

The judge said eBay's administrative and technical support to sellers "does not materially contribute to the products' alleged unlawfulness" and does not make the San Jose, California, company a "publisher or speaker" on sellers' behalf. Merchant also said eBay was not a "seller" of some of the challenged products, because it did not physically possess them or hold title. She rejected the government's argument that eBay was a seller because it exchanged the products for money. The U.S. government argued eBay violated the Clean Air Act by allowing the sale of harmful products, including more than 343,000 aftermarket "defeat" devices that help vehicles generate more power and get better fuel economy by evading emissions controls. The company also was accused of allowing sales of 23,000 unregistered, misbranded or restricted-use pesticides, as well as distributing more than 5,600 paint and coating removal products that contained methylene chloride, a chemical linked to brain and liver cancer and non-Hodgkin lymphoma.

Jimmy Carter reached his 100th birthday Tuesday, the first time an American president has lived a full century and the latest milestone in a life that took the son of a Depression-era farmer to the White House and across the world as a Nobel Peace Prize-winning humanitarian and advocate for democracy. Associated Press: Living the last 19 months in home hospice care in Plains, the Georgia Democrat and 39th president has continued to defy expectations, just as he did through a remarkable rise from his family peanut farming and warehouse business to the world stage. He served one presidential term from 1977 to 1981 and then worked more than four decades leading The Carter Center, which he and his wife Rosalynn co-founded in 1982 to "wage peace, fight disease, and build hope."

"Not everybody gets 100 years on this earth, and when somebody does, and when they use that time to do so much good for so many people, it's worth celebrating," Jason Carter, the former president's grandson and chair of The Carter Center governing board, said in an interview. "These last few months, 19 months, now that he's been in hospice, it's been a chance for our family to reflect," he continued, "and then for the rest of the country and the world to really reflect on him. That's been a really gratifying time."

James Earl Carter Jr. was born Oct. 1, 1924 in Plains, where he has lived more than 80 of his 100 years. He is expected to mark his birthday in the same one-story home he and Rosalynn built in the early 1960s -- before his first election to the Georgia state Senate. The former first lady, who was also born in Plains, died last November at 96. President Joe Biden, who was the first sitting senator to endorse Carter's 1976 campaign, praised his longtime friend for an "unwavering belief in the power of human goodness." "You've always been a moral force for our nation and the world (and) a beloved friend to Jill and me and our family," the 81-year-old president tells Carter in a tribute video filmed in front of Carter's presidential portrait at the White House.

DirecTV has agreed to acquire struggling rival Dish Network, creating a satellite TV behemoth with nearly 20 million subscribers. The complex transaction, announced Monday, involves private equity firm TPG acquiring a majority stake in DirecTV from AT&T for $7.6 billion. DirecTV will then purchase Dish for $1 and assume its debt.

The deal provides a lifeline for Dish, which faces $2 billion in debt due November with only $500 million in available cash. EchoStar, Dish's parent company, will retain its wireless spectrum investments and operate independently. Subject to regulatory approval and creditor agreement, the merger is expected to close in late 2025. DirecTV and TPG will provide $2.5 billion to cover Dish's immediate financial needs. The deal's fate remains uncertain, as a similar 2002 merger attempt was blocked on antitrust grounds.

The Energy Department said on Monday that it had finalized a $1.52 billion loan guarantee to help a company restart a shuttered nuclear plant in Michigan -- the latest sign of rising government support for nuclear power. From a report: Two rural electricity providers that planned to buy power from the reactor would also receive $1.3 billion in federal grants [Editor's note: the link is likely paywalled; alternative source] under a program approved by Congress to help rural communities tackle climate change. The moves will help Holtec International reopen the Palisades nuclear plant in Covert Township, Mich., which ceased operating in 2022. The company plans to inspect and refurbish the plant's reactor and seek regulatory approval to restart the plant by October 2025.

After years of stagnation, America's nuclear industry is seeing a resurgence of interest. Both Congress and the Biden administration have offered billions of dollars in subsidies to prevent older nuclear plants from closing and to build new reactors. Despite concerns about high costs and hazardous waste, nuclear plants can generate electricity at all hours without emitting the greenhouse gases that are heating the planet. David Turk, the deputy secretary of energy, said he expected U.S. electricity demand would grow by 15 percent over the next few years, driven by an increase in electric vehicles, a boom in battery and solar factories as well as a surge of new data centers for artificial intelligence. That meant the nation needs new low-carbon sources of power that could run 24/7 and complement wind and solar plants.

Thousands of Verizon users across the United States reported having little or no cellphone service on Monday morning in major cities, including in Atlanta, Chicago, Denver, New York and Phoenix. From a report: According to the website Downdetector, which tracks user reports of internet disruptions, more than 104,000 cases of Verizon outages were reported across the country as of 11:20 a.m. Eastern, more than an hour after the first issues were reported.

A map posted on the site showed cities with the most reports. On the site, many users said their cellphones were intermittently displaying SOS mode and that they could not place calls or send or receive text messages. "We're aware of the issue affecting service for some customers," a spokesman for Verizon, Ilya Hemlin, said in a telephone interview at 11:30 a.m. "Our engineers are engaged and we are working quickly to solve the issue," he added.

As the Vice President of the United States travelled in a motorcade Saturday to a San Francisco hotel, they ended up stopped behind "a Waymo vehicle that had to be driven away from the motorcade route by police," according to a local newscast (which called it an "only in San Francisco moment").

And that's not all. One local reporter following the vice president's motorcade said "we saw not one but two driverless cars get stuck."

The San Francisco Standard adds that on Friday, California's governor "signed a bill that allows law enforcement to cite driverless car companies for traffic violations."

An anonymous reader quotes a report from Reuters: A federal judge in California has ordered the U.S. Environmental Protection Agency to strengthen regulations for fluoride in drinking water, saying the compound poses an unreasonable potential risk to children at levels that are currently typical nationwide. U.S. District Judge Edward Chen in San Francisco on Tuesday sided (PDF) with several advocacy groups, finding the current practice of adding fluoride to drinking water supplies to fight cavities presented unreasonable risks for children's developing brains.

Chen said the advocacy groups had established during a non-jury trial that fluoride posed an unreasonable risk of harm sufficient to require a regulatory response by the EPA under the Toxic Substances Control Act. "The scientific literature in the record provides a high level of certainty that a hazard is present; fluoride is associated with reduced IQ," wrote Chen, an appointee of Democratic former President Barack Obama. But the judge stressed he was not concluding with certainty that fluoridated water endangered public health. [...] The EPA said it was reviewing the decision. "The court's historic decision should help pave the way towards better and safer fluoride standards for all," Michael Connett, a lawyer for the advocacy groups, said in a statement on Wednesday.

The United Nations is set to vote on a treaty later this year intended to create norms for fighting cybercrime -- and the Biden administration is fretting over whether to sign on. Politico: The uncertainty over the treaty stems from fears that countries including Russia, Iran and China could use the text as a guise for U.N. approval of their widespread surveillance measures and suppression of the digital rights of their citizens. If the United States chooses not to vote in favor of the treaty, it could become easier for these adversarial nations -- named by the Cybersecurity and Infrastructure Security Agency as the biggest state sponsors of cybercrime -- to take the lead on cyber issues in the future. And if the U.S. walks away from the negotiating table now, it could upset other nations that spent several years trying to nail down the global treaty with competing interests in mind.

While the treaty is not set for a vote during the U.N. General Assembly this week, it's a key topic of debate on the sidelines, following meetings in New York City last week, and committee meetings set for next month once the world's leaders depart. The treaty was troubled from its inception. A cybercrime convention was originally proposed by Russia, and the U.N. voted in late 2019 to start the process to draft it -- overruling objections by the U.S. and other Western nations. Those countries were worried Russia would use the agreement as an alternative to the Budapest Convention -- an existing accord on cybercrime administered by the Council of Europe, which Russia, China and Iran have not joined.

The Justice Department unsealed criminal charges Friday against three Iranian operatives suspected of hacking Donald Trump's presidential campaign and disseminating stolen information to media organizations. From a report: The three accused hackers were employed by Iran's paramilitary Revolutionary Guard and their operation also targeted a broad swath of targets, including government officials, members of the media and non-governmental organizations, the Justice Department said.

The Trump campaign disclosed on Aug. 10 that it had been hacked and said Iranian actors had stolen and distributed sensitive internal documents. Multiple major news organizations that said they were leaked confidential information from inside the Trump campaign, including Politico, The New York Times and The Washington Post, declined to publish it.

California Governor Gavin Newsom has signed a law (AB 2426) to combat "disappearing" purchases of digital games, movies, music, and ebooks. The legislation will force digital storefronts to tell customers they're just getting a license to use the digital media, rather than suggesting they actually own it. From a report: When the law comes into effect next year, it will ban digital storefronts from using terms like "buy" or "purchase," unless they inform customers that they're not getting unrestricted access to whatever they're buying. Storefronts will have to tell customers they're getting a license that can be revoked as well as provide a list of all the restrictions that come along with it. Companies that break the rule could be fined for false advertising.

The FAA's air traffic control systems are significantly out of date and won't be updated until the 2030s, according to a report from the U.S. Government Accountability Office (GAO). The Register reports: In a report released Monday, the GAO said that 51 of the FAA's 138 ATC systems -- more than a third -- were unsustainable due to a lack of parts, shortfalls in funding to sustain them, or a lack of technology refresh funding to replace them. A further 54 systems were described as "potentially unsustainable" for similar reasons, with the added caveat that tech refresh funding was available to them. "FAA has 64 ongoing investments aimed at modernizing 90 of the 105 unsustainable and potentially unsustainable systems," the GAO said in its report. "However, the agency has been slow to modernize the most critical and at-risk systems."

The report said the seemingly perilous status of 17 systems was "especially concerning" as these are deemed to have critical operational impact at the same time as being unsustainable and having extended completion dates -- the first of them won't be modernized until 2030 at the earliest. Others aren't planned to be complete until 2035, and four of the 17 "most critical and at-risk FAA ATC systems" have no modernization plans at all. Of the systems on the list, two are more than 40 years old, and a further seven have been in service for more than 30 years.

The Department of Justice has filed an antitrust lawsuit against Visa, alleging that the financial services firm has an illegal monopoly over debit network markets and has attempted to unlawfully crush competitors, including fintech companies like PayPal and Square. From a report: The lawsuit follows a multiyear investigation of Visa which the company disclosed in 2021. "We allege that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market," Attorney General Merrick Garland said in a statement. "Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visa's unlawful conduct affects not just the price of one thing -- but the price of nearly everything."

Visa makes more than $7 billion a year in payment processing fees alone, and more than 60 percent of debit transactions in the United States run on Visa's network, the complaint claims. The government alleges that Visa's market dominance is partly due to the "web of exclusionary agreements" it imposes on businesses and banks. Visa has also attempted to "smother" competitors -- including smaller debit networks and newer fintech companies -- the complaint alleges. Visa executives allegedly feel particularly threatened by Apple, which the company has described as an "existential threat," the DOJ claims.