Crypto startup Nomad offers 10% bounty after $190 million hack

Over $2 billion has been stolen from cross-chain bridges so far this year, according to crypto analysis firm Chainalysis Jakub Porzycki Just a photo via Getty Images Crypto company Nomad said it’s offering hackers a bounty of up to 10% to retrieve user funds after losing nearly $200 million in a devastating security exploit. Nomad … Read more

Stock futures are flat after the Nasdaq posts worst month since 2008

Traders work on the floor of the New York Stock Exchange. NYSE US stock index futures were flat during overnight trading Sunday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures contracts tied to the Dow … Read more

Wall Street analysts are bullish on Alphabet & Microsoft

A man walks past the brand logo of Alphabet Inc’s Google outside its office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Earnings season can bring heightened volatility to the markets, and this time it’s showing no sign of slowing down. In tumultuous times like these, short-term bets can be dangerous. Instead, investors … Read more

Stripe, Alphabet, Meta, Shopify, McKinsey spur carbon capture market

Pods, operated by Carbfix, containing technology for storing carbon dioxide underground, in Hellisheidi, Iceland, on Tuesday, Sept. 7, 2021. Climeworks AG and Carbfix startups are working together to store carbon dioxide removed from the deep underground air to reverse some of the damage CO2 emissions are doing to the planet. Photographer: Arnaldur Halldorsson / Bloomberg … Read more

S&P 500 slides on Friday led by Amazon as benchmark heads for worst month since March 2020

US stocks fell Friday with the S&P 500 on pace for the worst month since March 2020, as Amazon became the latest victim in the technology-led sell-off. The S&P 500 retreated by 1.5%, weighed down by Amazon’s post-earnings plunge. The tech-heavy Nasdaq Composite fell 1.5%. The Dow Jones Industrial Average shed about 380 points, or … Read more

Amazon (AMZN) Q1 2022 earnings

Amazon shares dropped as much as 9% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company did: Earnings: $ 7.38 per share, adjusted, vs. $ 8.36 expected, according to Refinitiv Revenue: $ 116.44 billion vs. $ 116.3 billion expected, according to Refinitiv Here’s how … Read more

Nasdaq jumps 3% as strong tech earnings fuel Thursday’s comeback rally

Stocks rallied Thursday, following a strong earnings report from Meta Platforms, as the market sought to recover from this month’s sell-off. The tech-heavy Nasdaq Composite added 3.5%. The S&P 500 gained 2.9%. The Dow Jones Industrial Average rose about 720 points, or 2.2%. Investors have weathered volatile trading sessions this week as stocks struggle for … Read more

Once Wall Street’s Stars, Big Tech Falls Back to Earth | Business News

By STAN CHOE, AP Business Writer NEW YORK (AP) – After years of screaming higher, almost regardless of what the economy was doing, tech-oriented stocks are tanking and dragging down the rest of Wall Street. Many of these high-profile companies are still making billions of dollars in profits, and they continue to dominate the top … Read more

US Markets Poised for Strong Gains as Investors Eye Big Tech | Business News

NEW YORK (AP) – Wall Street pointed toward strong gains hours before trading Thursday with quarterly earnings reports from American tech heavyweights on tap. Futures for the Dow Jones Industrials rose 0.9% while the same for the S&P jumped 1.6%. Twitter, Apple and Amazon will report their results on Thursday, following strong results from Microsoft … Read more

Chinese stocks rise on hopes of infrastructure boost; tech stocks jump

SINGAPORE – Asia-Pacific stocks were higher in Thursday morning trade, as investors in the region watched for market reaction to the Bank of Japan’s latest monetary policy decision. Mainland Chinese stocks edged higher, with the Shanghai Composite rising 0.75% while the Shenzhen Component gained 0.283%. In Hong Kong, the Hang Seng index surged 1.59%. When … Read more