$570 million worth of Binance’s BNB token stolen in another major crypto hack

Binance is the world’s largest crypto exchange by trading volume. Jakub Porzycki | Nurphoto | Getty Images Cryptocurrency exchange Binance temporarily suspended its blockchain network late Thursday after hackers made off with around $570 million worth of its BNB token. Binance said a cross-chain bridge linking with its BNB Chain was targeted, enabling hackers to … Read more

Germany relief plan could trigger UK-style bond meltdown

German Chancellor Olaf Scholz last week announced a package worth 200 billion euros ($198 billion) designed to help with soaring energy prices. The “defensive shield” includes a gas price brake and a cut in sales tax for fuel. Steffi Loos | Pool | Reuters Amid downbeat predictions of a recession in Germany and the wider … Read more

Asia-Pacific markets fall ahead of U.S. jobs report

The logo of the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), is displayed at the stock exchange in Tokyo, Japan, on Friday, Oct. 2, 2020. Akio Kon | Bloomberg via Getty Images Shares in the Asia-Pacific fell on Friday ahead of the monthly US jobs report, which is likely to guide … Read more

Stock futures litte changed ahead of September’s jobs report

Stock futures were flat on Friday morning as investors looked ahead to September’s jobs report for further clues into the Federal Reserve’s tightening campaign. Futures tied to the Dow Jones Industrial Average shed 12 points, or 0.04%, while S&P 500 futures dipped 0.09%. Futures tied to the Nasdaq 100 slipped 0.07%. Advanced Micro Devices’ stock … Read more

Stock futures inch lower ahead of September’s jobs report

Stock futures slipped in overnight trading Thursday as investors looked ahead to September’s jobs report for further clues into the Federal Reserve’s tightening campaign. Futures tied to the Dow Jones Industrial Average shed 12 points, or 0.04%, while S&P 500 futures dipped 0.15%. Futures tied to the Nasdaq 100 slipped 0.29%. Advanced Micro Devices’ stock … Read more

Cramer says economic data can’t capture one huge driver of inflation

CNBC’s Jim Cramer on Thursday said that a huge driver of inflation is the consumer’s desire to spend money in the reopening economy – a fact that isn’t reflected in the data that the Federal Reserve and Wall Street are poring over. “They don’t care about higher rates. They have savings because they did nothing … Read more

Compass, General Electric, Shell, Pinterest and more

The sign of a Shell petrol station is seen in front of a burning pilot flame atop a flare stack at the refinery of the Shell Energy and Chemicals Park Rheinland in Godorf near Cologne, Germany, August 3, 2022. Wolfgang Rattay | Reuters Check out the companies making headlines in midday trading Thursday. Constellation Brands … Read more

Bank of England says pension funds were hours from disaster before it intervened

Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England told lawmakers that a number of pension funds were hours from collapse when it decided … Read more

Luna founder Do Kwon faces passport freeze after crypto collapse

South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images South Korean authorities on Thursday began the process … Read more

Peloton, Shell, Compass and more

Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock added 2% in the premarket after it reported better-than-expected quarterly profit and sales. Conagra also reaffirmed its full-year guidance. Platoon (PTON) – Platoon slid 4.1% in premarket trading after announcing it would cut another 500 jobs, or about 12% … Read more