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

“You Are The Product”: Your Data on Apps Is Not Private

A growing concern among consumers is the mountainous amount of data that is tracked, stored and shared by apps, giving people a false sense of privacy. People who use period or ovulation trackers, healthcare or fitness or even mapping apps that track their personal information or location are wary and concerned in light of the … 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

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 Stock Sinks. But This Part of the Business Could Help Shares Fly Again.

Text size Amazon stock is flirting with a bear market. Ina Fassbender / AFP via Getty Images Amazon stock was sinking Friday following first-quarter earnings that disappointed investors and a second-quarter outlook that left Wall Street sour. But there is reason for optimism: strength in high-growth parts of the company’s business. Shares in the tech … 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

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

China’s Xi calls for another infrastructure push as Covid drags on

China had 37,900 kilometers (23,550 miles) of operational high-speed rail as of the end of 2020, which the country claims accounts for more than two-thirds of the world’s total. Zhang Bin | China News Service | Getty Images BEIJING – As Covid controls drag down growth, China plans to boost its economy with more infrastructure … Read more

Microsoft Stock Rises on Cloud Growth, Alphabet Tumbles on a YouTube Miss

Text size Coming into Wednesday’s trading, Microsoft stock has fallen almost 20% year to date. Gerard Julien / AFP via Getty Images Microsoft shares were rising early Wednesday, with the software maker getting a boost from better-than-expected guidance for its fiscal fourth quarter, and strong demand for its cloud services. Shares of Alphabet (ticker: GOOGL) … Read more