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…
Tag: finance jobs
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…
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,…
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…
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…
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…
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. Most Read from Bloomberg The conglomerate, with…
Some Meta employees are getting paid to do ‘zero work’ as the company embarks on a ‘year of efficiency’: Financial Times
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…