Stuff that matters
Losses from cryptocurrency theft, hacks, and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems, but crime in the ‘decentralized finance’ space continued to grow, a report from crypto intelligence company CipherTrace showed. Criminals got Read more
Lowe’s Cos Inc said on Thursday it plans to hire more than 50,000 workers across its U.S. stores in the spring as the retailer races to meet pandemic-fueled demand for home improvement products. The company also said it would pay Read more
Germany’s financial watchdog has reported one of its employees to state prosecutors on suspicion of insider trading linked to Wirecard, shortly before the payment firm’s spectacular collapse. BaFin’s admission is a fresh indictment of Germany’s supervision of a company that Read more
Deep-pocketed investors pumped a record $4.2 billion into big technology stocks last week, BofA’s flow data showed on Friday, taking advantage of the slight pullback on Wall Street while retail traders were busy buying stocks such as GameStop. An army Read more
SAP says it is ready to lead customers into a cloud-based future, but the business software group may need all its powers of persuasion to convince its 400,000-strong client base to launch a major overhaul of systems in a pandemic. Read more
Domestic consumption of distilled spirits in the United States rose sharply last year as people splurged on premium spirits, although American whiskey exports fell due to retaliatory tariffs from Europe, a U.S industry trade body said on Thursday. U.S. distillers Read more
A sustained rise in global oil prices has U.S. shale producers pondering something few expected to be considering after last year’s tumble: how to allocate rising cash flows among new production, dividends and stock buybacks. U.S. shale producers will generate Read more