Helping investigate a $265,000 hack on decentralized crypto exchange KyberSwap, crypto exchange Binance narrowed down two suspects that seem responsible for the attack. On Sept. 1, Kyber Network succumbed to a frontend exploit, allowing the attacker to make away with $265,000 worth of user funds from KyberSwap. While investigations were underway, KyberSwap offered a 10%
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Daniel Acker | Bloomberg | Getty Images Home sellers are getting nervous, as the once-hot housing market cools fast. One in 5 sellers in August dropped their asking price, according to Realtor.com. A year ago that share was just 11%. related investing news In this ‘Bizarro World,’ a soft payrolls report might be what the
Markets are scary right now, and while the situation is likely to worsen, it doesn’t mean investors need to sit out and watch from the sidelines. In fact, history has proven that one of the best times to buy Bitcoin (BTC) is when no one is talking about Bitcoin. Remember the 2018–2020 crypto winter? I
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Kohl’s — Shares of the retailer jumped 5.64% after a Reuters report that private equity firm Oak Street Real Estate Capital has made an offer to
Surging inflation, the rising cost of government debt and Liz Truss’s promises on tax cuts and defence spending will blow a £60bn hole in the public finances by the middle of the decade, according to Financial Times calculations. Although Truss, favourite to be named Britain’s next prime minister on Monday, has said she will stick
An Alabama ballot measure would allow local governments to use voter-approved special tax authority that is now reserved for bonds to finance projects on a pay-as-you-go basis. Amendment 6 is one of twelve proposed changes to the state constitution voters will decide Nov. 8. Backers said it would give municipal officials the option to finance
Municipals were steady Friday ahead of a holiday-shortened week where investors will be greeted by two large deals from the states of California and Pennsylvania in an otherwise lackluster new-issue calendar. U.S. Treasuries rallied on the front end of the curve. On Friday the two- and three-year muni-UST ratios are around 67%. The five-year was
In this article ZG A for-sale sign in front of a home listed for more than $1 million on April 29, 2022 in San Francisco. Justin Sullivan | Getty Images Grocery shoppers aren’t the only ones who have to contend with the phenomenon known as “shrinkflation,” which is what happens when the price of something
The Puerto Rico Oversight Board filed suit against Gov. Pedro Pierluisi regarding a labor law it says reduces the island’s economic growth and government revenues. The board is challenging Act 41-2022, which Pierluisi signed earlier this summer. It filed the suit Thursday night in U.S. District Court for Puerto Rico as part of the central
What should be a full pipeline of national projects supported by an influx of federal infrastructure funds is being stymied by a “severe” labor shortage in the construction sector, and government on all levels need to do more to address the problem. That’s the message from the Associated General Contractors of America on the heels
Making a mistake when you first start trading can be both disappointing and discouraging. I’ll let you in on something that I’ve learned throughout my professional experience- no one knows exactly what to do when they start out in the stock market for the first time. However, there is a way that you can avoid
Ben Rains explores why Wall Street washed away over a month worth of gains. Interest rates have climbed during the recent market downturn, with inflation fears mounting a comeback. The current backdrop is difficult, but there are stocks poised to outperform if investors know where to look. (0:30) – Stock Market Update: Everything You Need
David Jones takes us through all the steps of opening a trade in Trading 212. He also shows us where we can set a stop loss and take profit order to manage risk and returns when trading gold, oil, Forex and indices. Test and practice your strategies in real market conditions with virtual money. Learn
The encroachment of culture wars into the municipal bond market will likely increase, with Texas, which has enacted laws to punish companies for “boycotting” fossil fuel businesses and “discriminating” against the firearm industry, potentially leading the charge. The laws have sidelined some big Wall Street banks from the Texas muni market; the state’s recently compiled
Oregon economists predicted both moderate revenue growth and the possibility of a recession during their September forecast. Economists told lawmakers this week that either way the heady days of overflowing coffers are over. Under the rosier outlook, residents get that kicker rebate if the state forecast of $600 million more revenues than what was forecast
Sunita Lough, the respected head of the Internal Revenue Service’s Tax-Exempt and Government Entities division, is stepping down at the end of this month. Lough was serving as the commissioner of its Tax-Exempt and Government Entities division, which oversees compliance with municipal bond tax laws. Her official retirement date is scheduled for Sept. 30. Edward
The G7 countries are poised to back a price cap on purchases of Russian oil in an attempt to limit the Kremlin’s earnings from exports and ability to fund its war against Ukraine. Finance ministers from the US, UK, France, Germany, Italy, Canada and Japan will formally give their political support for such a move
A Los Angeles estate that has housed two Hollywood heavyweights is on the market for $35 million. Located in the affluent Pacific Palisades neighborhood north of Santa Monica, the estate once belonged to the late TV writer and producer Steven Bochco, who developed a number of TV series, including Hill Street Blues, L.A. Law, Doogie
Carlyle Group co-founder David Rubenstein acknowledged on Sept. 2 that he has invested personally in a number of crypto companies, and is optimistic about the industry’s path to regulation in the United States. Speaking with CNBC’S Squawk Box on Thursday, the billionaire said he believes that government regulation will be positive for the industry, and that the
From a bearish perspective, there’s a fair probability that the crypto market entered a descending channel (or wedge) on Aug. 15 after it failed to break above the $1.2 trillion total market capitalization resistance. Even if the pattern isn’t yet clearly distinguishable, the last couple of weeks have not been positive. For example, the $940