Red Hat Replaces CIT Group in S&P 500
Some companies may actually be benefitting from the current recession. One of them is Red Hat, which just won a place on the renowned Standard and Poor 500.
The S&P 500 is regarded as one of the most highly regarded stock market indexes. The beleaguered CIT Group financial firm was in 500th place until July 24, when its market capitalization fell to below $275 million, resulting in Raleigh NC-based Red Hat taking its place on the S&P 500 in the Information Technology Systems Software sector. Consequently Red Hat's stock rose by eight percent after the announcement.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
Two New Distros Adopt Enlightenment
MX Moksha and AV Linux 25 join ranks with Bodhi Linux and embrace the Enlightenment desktop.
-
Solus Linux 4.8 Features Removes Python 2
Solus Linux 4.8 has been released with the latest Linux kernel, updated desktops, and a key removal.
-
Zorin OS 18 Hits over a Million Downloads
If you doubt Linux isn't gaining popularity, you only have to look at Zorin OS's download numbers.
-
TUXEDO Computers Scraps Snapdragon X1E-Based Laptop
Due to issues with a Snapdragon CPU, TUXEDO Computers has cancelled its plans to release a laptop based on this elite hardware.
-
Debian Unleashes Debian Libre Live
Debian Libre Live keeps your machine free of proprietary software.
-
Valve Announces Pending Release of Steam Machine
Shout it to the heavens: Steam Machine, powered by Linux, is set to arrive in 2026.
-
Happy Birthday, ADMIN Magazine!
ADMIN is celebrating its 15th anniversary with issue #90.
-
Another Linux Malware Discovered
Russian hackers use Hyper-V to hide malware within Linux virtual machines.
-
TUXEDO Computers Announces a New InfinityBook
TUXEDO Computers is at it again with a new InfinityBook that will meet your professional and gaming needs.
-
SUSE Dives into the Agentic AI Pool
SUSE becomes the first open source company to adopt agentic AI with SUSE Enterprise Linux 16.