Hackers steal $100 million in crypto from Harmony’s Horizon bridge

So-called blockchain bridges have become a prime target for hackers seeking to exploit vulnerabilities in the world of decentralized finance. Jakub Porzycki | NurPhoto | Getty Images Hackers have stolen $100 million in cryptocurrency from Horizon, a so-called blockchain bridge, in the latest major heist in the world of decentralized finance. Details of the attack … Read more

Volatile week as investors assess recession prospects

LONDON — European markets closed sharply higher on Friday to end a volatile week, as investors around the world assessed recession inflation and fears of an economicion. The pan-European Stoxx 600 index closed up by 2.6% provisionally, its best day in more than three months, with tech shares adding 3.8% to lead gains as all … Read more

Stay away from this company poised to go public next week, Jim Cramer warns

CNBC’s Jim Cramer on Friday told investors to stay away from Ivanhoe Electric, a mining technology company that is expected to sell its shares in an initial public offering next week. “Even if … Ivanhoe Electric gets out the door next week, I think you should avoid it. This is not the time to bet … Read more

Stock futures rise as Wall Street looks to snap a three-week losing streak

Stock futures gained Friday as Wall Street looked to grind out a rare positive week in what has been a rough first half of the year. Futures tied to the Dow Jones Industrial Average rose 222 points, or 0.7%. Futures for the S&P 500 were 0.8% higher, while Nasdaq 100 futures advanced 0.8%. The moves … Read more

Germany warns of industrial shutdown if Putin turns off gas taps – live updates

Ggood morning. Germany faces an industrial shutdown unless Russian gas supplies improve, one of its top ministers warned today. In an interview, economy minister Robert Habeck said: “Companies would have to stop production, lay off their workers, supply chains would collapse, people would go into debt to pay their heating bills, that people would become … Read more

Nasdaq adds 1% as bond yields slip, Wall Street considers recession risk

The Nasdaq Composite added 1% as bond yields slipped, and Wall Street continued to weigh recession risks. The Dow Jones Industrial Average rose 37 points, or 0.1%. The S&P 500 gained 0.4%. The tech-heavy Nasdaq outpaced the other averages as market participants continued to mull over the likelihood of an economic downturn, and as the … Read more

Germany triggers ‘alarm’ stage of emergency gas plan as Putin cuts supplies

Ggood morning. The Government borrowed more than forecast in May, highlighting risks to the public finances as the cost-of-living crisis threatens to tip Britain into a recession. Rishi Sunak borrowed another £14bn last month, which was £2bn higher than economists had forecasts. Debt interest payments hit £7.6bn – the highest for any May on record, … Read more

EU champion Airbus has deep links to Chinese military industrial complex, report says – POLITICO

Press play to listen to this article Top European planemaker Airbus has advanced technology sharing and manufacturing agreements with entities linked to China’s state-run military apparatus, a new report shows. The findings will beg questions about how long Europe’s aviation champion can continue to secure its strong market position in China with such local partnerships, … Read more

Mark Zuckerberg envisions 1 billion people in the metaverse

Meta Platforms CEO Mark Zuckerberg told CNBC’s Jim Cramer on Wednesday that the metaverse could be a considerable part of the social network operator’s business in the second half of the decade. “We hope to basically get to around a billion people in the metaverse doing hundreds of dollars of commerce, each buying digital goods, … Read more