Tag: finance jobs

Euler Finance blocks vulnerable module, working on recovering funds

Euler Finance’s decentralized finance (DeFi) lending protocol became a victim of a flash loan attack on March 13, resulting in the biggest hack of crypto in 2023 so far. The lending protocol lost nearly $197 million in the attack and impacted more than 11 other DeFi protocols as well.

On March 14, Euler came out with an update on the situation and notified its users that they had disabled the vulnerable e-token module to block deposits and the vulnerable donation function.

The firm said that they worked with various security groups to perform audits of its protocol, and the vulnerable

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Don’t Want to Fully Merge Finances? Consider a Money Partnership

When tax time rolls around each year, it’s common for couples to discuss money matters. You kinda have to, right? You’ll see where you stand — how much tax you owe or the expected size of your refund. Fingers crossed.

It’s a good opportunity to benchmark your progress toward money goals, for sure. And you may not spend a lot of time discussing how to improve your financial position. Tax time is more of a “get it done” moment.

But improving net worth and financial security are built on the foundation of small, consistent moves. That requires ongoing communication.

Merging

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From gatekeeper to innovator: How finance teams are using technology to drive strategic innovation

Chief financial officer (CFO) and finance teams are typically known for their fiscal duties – accounting, expenses and financial planning – that help ensure an organization is compliant and runs smoothly for long-term financial health. Over the past few years, the role of finance teams has drastically evolved to include driving innovation. During the pandemic, CFO guidance was critical to keep organizations running – by closely monitoring revenue and expenses and at times, making tough business decisions. Now, these teams are being asked to expand their role to become futurists and play a leading role in transformation. To learn more

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Horizon Technology Finance (HRZN) Scheduled to Post Quarterly Earnings on Tuesday

Horizon Technology Finance (NASDAQ:HRZN – Get Rating) will be announcing its earnings results after the market closes on Tuesday, February 28th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Horizon Technology Finance Stock Down 1.4 %

NASDAQ:HRZN opened at $12.61 on Friday. Horizon Technology Finance has a 52 week low of $9.67 and a 52 week high of $15.85. The company has a market capitalization of $332.90 million, a P/E ratio of 15.57 and a beta of 1.18. The

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Millions of debt collections dropped off Americans’ credit reports

Tens of millions of debt collections disappeared from Americans’ credit reports during the pandemic, a new government watchdog report found, but overdue medical bills remain a big strain on many households nationwide.

The total number of debt collections on credit reports dropped by 33% from 261 million in 2018 to 175 million in 2022, according to the Consumer Financial Protection Bureau, while the share of consumers with a debt collection on their credit report shrunk by 20%.

Medical debt collections also dropped by 17.9% during that time, but still made up 57% of all collection accounts on credit reports, far

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Here’s why crypto companies need to focus on embedded finance

A new study by Decta highlights the importance of embedded finance features in today’s fintech world. With online shopping and digital payments becoming a norm, the study pointed toward some key drivers for a seamless customer experience.

Embedded finance is a new type of distribution software that works with financial infrastructure providers to include financial services in the ecosystems of already-existing products. The most common embedded finance offerings include banking, lending, insurance, payments and branded credit cards.

According to the study, quick payments and the availability of a selected payment option are the most crucial elements for a satisfying online

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Adani Credit Flashes Warnings After Group Gorged on Cheap Debt

(Bloomberg) — Gautam Adani’s sprawling corporate empire embraced the era of cheap debt like few others. But with the yields spiking and access to overseas financing suddenly in question, investors and analysts say the borrowing blitz has made it all the more vulnerable amid its worst crisis ever.

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The conglomerate, with businesses stretching from ports to renewable energy, tapped international bond buyers for more than $8 billion in recent years, while also turning to global banks for at least as much in foreign-currency loans, data compiled by Bloomberg show. After its borrowing costs surged in response

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Some Meta employees are getting paid to do ‘zero work’ as the company embarks on a ‘year of efficiency’: Financial Times

MetaMark Zuckerberg

Meta CEO Mark Zuckerberg told investors that 2023 will be the “year of efficiency” for the company.Getty Images

  • Meta signaled in February it’s likely to cut more jobs this year after culling 11,000 jobs last year.

  • The company has delayed budget-setting for some teams as it gears up for the new round of layoffs, per the FT.

  • That has resulted in some staff doing “zero work” because managers have not been able to plan their schedules.

Meta’s “year of efficiency” may be starting on an inefficient note.

The tech giant — which laid off 11,000 people in November and

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