Technology

Ransomware payments may be tax deductible

The hit on JBS, the largest food manufacturer yet to be hit by ransomware, was the second attack in a month on critical U.S. infrastructure. The first occurred in early May when hackers believed to operate with impunity in Russia and allied states shut down operation of the Colonial Pipeline, the largest U.S. fuel pipeline, for nearly a week.

Facebook, Alphabet keep rising; Apple, Netflix fade

After the swift downturn of early 2020, shares of Facebook Inc., FB -2.04% Apple Inc., AAPL -1.01% Amazon.com Inc., AMZN -0.07% Netflix Inc. NFLX 0.49% and Google parent Alphabet Inc. GOOG -0.64% recovered more quickly than the broad stock market. Then they pushed higher, ultimately powering the S&P 500 to a 16% gain for 2020.