Category: Finance

Decentralized finance (DeFi) protocol Hope Finance suffered a $2 million exploit on February 20th. The hacker purportedly stole everything from the protocol genesis, according to its Twitter account, which was the first to announce that the community was scammed. The Arbitrum-based protocol also shared the information of the person while attaching a photograph with a […]

WASHINGTON: US business activity unexpectedly rebounded in February, reaching its highest level in eight months, according to a survey on Tuesday (Feb 21), which also showed inflation subsiding. S&P Global said its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 50.2 this month from a final reading of […]

The massive disruptions of the last few years may be starting to fade in the rearview mirror, but the ripple effects are still with us. Broken supply chains left automakers struggling to produce a third, a fifth, a tenth as many new cars as before, and both new and used car prices spiked as a […]

New You can now listen to Insurance Journal articles! How many adults not in the insurance industry can explain the risks financial loss and how insurance shares that risk, or identify factors impacting insurance premiums and grasp the relationship between premiums, deductibles, and coverage limits? How many can state how the insurers use risk pooling […]

Crypto on agenda at G20 Finance Ministers & Central Bank Governors meet on Feb 24-25 in Bengaluru New Delhi, Feb 21 (KNN) The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the G20 Indian Presidency will hold talks on cryptocurrencies on February 24-25 in Bengaluru. In principle the government agrees with the Reserve […]

Qantas will reveal its A350 business class seats tomorrow when the airline reports on its half-year financials from July-December 2022 (analysts are tipping a pre-tax profit upwards of $1.3 billion). While we already know what the Qantas A350 first class suites will look like – and those spacious private suites are very much a ‘halo’ […]

Hope Finance, an Arbitrum based decentralized finance (DeFi) project, fell prey to cyber criminals who drained nearly $2 million worth of user funds. The crypto market has long been subject to attacks, and the decentralized finance (DeFi) market has been especially vulnerable to them. Attackers are increasingly targetting DeFi platforms and using more sophisticated tools […]

GREEN BAY – Vowing to “protect and ensure” Wisconsin’s infrastructure, Gov. Tony Evers Tuesday pledged $1.2 million of state money to fix the beleaguered Ray Nitschke Memorial Bridge in downtown Green Bay. The $1.2 million allocation requires the approval of the Legislature’s Joint Finance Committee. Evers also included $1.2 million in his previous budget, but […]

Anurag Jain reiterated that startups recognised by the DPIIT are out of the purview of the Angel Tax Angel Tax, a tax that unlisted startups are required to pay on the capital they raise through the issue of shares, was reintroduced in Finance Bill 2023 While funding raised by Indian startups declined in 2022 compared […]

Agriculture giant Cargill Inc. has named two women to steer finance and global strategy for the company. Joanne Knight, currently the acting chief financial officer, will step into the role on a permanent basis. She replaces Jamie Miller, the 157-year-old company’s first-ever female CFO, who held the position for 19 months prior to her departure […]