Solana-powered lending protocol Solend suffered an oracle attack that led to $1.26 million in exploited funds, PeckShield reported. Solend confirmed the attack, saying it targeted three lending pools holding Hubble stablecoin, as well as Coin98 and Kamino tokens. Attacks on Three Solend Lending Pools Exploited Lead to $1.26M in Bad Debt Solend, a decentralized finance (DeFi) lending protocol powered by […]
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The three major U.S. equity indexes closed lower on Tuesday. The Dow Jones industrials ended the day down 0.24%, the S&P 500 closed 0.41% lower and the Nasdaq retreated 0.89%. Six of 11 sectors closed lower, led by communication services (−1.81%) and consumer cyclicals (−1.35%). Energy (0.99%) posted the largest gain. This week’s economic highlight is the Federal Open Market […]
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Gold futures settled higher on Tuesday as the dollar was subdued with traders looking ahead to the Federal Reserve’s policy announcement on Wednesday. It is widely expected the Fed will raise interest rates by another 75 basis points. However, there are expectations that the central bank might signal a slowdown in the pace of monetary tightening from December. The accompanying […]
Read morevideo Market expert Mark Avallone: ‘Part of inflation is behind us’ Mark Avallone, Potomac Wealth Advisors president and founder, joins ‘Varney & Co.’ to assess the market rally and offer advice to investors on taking advantage of opportunities. SiriusXM released its third-quarter earnings for 2022 on Tuesday, which showed the audio entertainment giant gained 187,000 but lost approximately 49,000 paid […]
Read morevideo FOX Business Flash top headlines for November 1 Check out what’s clicking on FoxBusiness.com Toyota Motor Corp on Tuesday posted a worse-than-expected 25% drop in quarterly profit and cut its annual output target, as the Japanese firm battles surging material costs and a persistent semiconductor shortage. The world's biggest automaker by sales also warned that it remained difficult to […]
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India’s central bank plans to launch the pilot for its wholesale digital currency on November 1, it said in a press release Monday. The Reserve Bank of India (RBI) said nine local banks including the State Bank of India will take part in the project. RBI to Issue a CBDC Pilot for Settling Secondary Market Transactions The RBI, India’s central […]
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On Oct. 19, 2022, German automotive stalwart BMW Group (US:BMWYY, DE:BMW) announced its intentions to invest $1.7 billion in its U.S. operations. Specifically, the initiative centers on expanding its electric vehicle lineup, along with its battery development protocol. According to a CNBC report, the “investment will include $1 billion to prepare for production of EVs at the automaker’s existing Spartanburg […]
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A penny stock is generally defined as one that trades for less than $5. Low emissions truck company Nikola has been one for a long time. Short sellers continue to bet the figure will go lower. Short interest in the stock is 34% of the shares outstanding. That is among the highest of all companies traded on U.S. exchanges. In […]
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FILE PHOTO: A visitor wearing a face mask poses at the Shanghai Disney Resort, as the Shanghai Disneyland theme park reopens after being shut for the coronavirus disease (COVID-19) outbreak, in Shanghai, China June 30, 2022. REUTERS/Aly Song TPX IMAGES OF THE DAYBEIJING (Reuters) – Shanghai Disneyland will operate at reduced capacity from Saturday to comply with COVID-19 measures, the […]
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