Hackers drain nearly $200 million from crypto firm Nomad

Billions of dollars in value have been wiped out of the cryptocurrency market in recent months. Companies in the industry are feeling the pain. Credit and trading companies are facing a liquidity crisis and many companies have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Hackers siphoned off nearly $200 million in … Read more

Stock futures fall after the first trading day in August

Chinese stocks fall as tensions rise over Pelosi’s visit Stock futures open flat Stock futures opened flat in overnight trading on Monday. Dow Jones futures fell 0.06%, or 21 points. S&P 500 and Nasdaq 100 futures fell 0.06% and 0.01% respectively. — Samantha Subin The gains from here are limited in the coming months, says … Read more

Hong Kong shares fall 2%, South Korea’s CPI rises

SINGAPORE – Asia-Pacific shares fell on Tuesday as inflation in South Korea rose and investors looked ahead to the Reserve Bank of Australia’s interest rate decision. Hong Kong’s Hang Seng Index fell 2.13% in early trade and the Hang Seng Tech Index fell 3.1%. The city’s gross domestic product fell by 1.4% in the second … Read more

Jobs report will make or break July’s rally

CNBC’s Jim Cramer said Monday that the most important data this week will be the release of the Labor Department’s July nonfarm payrolls report on Friday morning. “If it shows some employment growth without wage inflation, then the spectacular July surge can hold. But if it shows a hiring boom with exceptionally large wage increases, … Read more

5 things to know before the stock market opens on Monday

Here are the most important news investors need to start their trading day: 1. Stock futures are lower to begin trading in August A trader works on the floor of the New York Stock Exchange (NYSE), July 27, 2022. Brendan McDermid | Reuters Stock futures are lower on Monday, as Wall Street begins the new … Read more

Alibaba is seeking to cooperate with US regulators on audit issues

Alibaba has faced growth challenges amid tightening regulations on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts believe the e-commerce giant’s growth could pick up in the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Chinese e-commerce giant Alibaba said it plans to comply … Read more