North Korea Suspected in Massive Hack of DeFi Project Mixin
The massive breach of a decentralized finance project bears the hallmarks of a North Korean attack, according to a senior White House official.
Bloomberg Tech
EV Maker Lucid’s $338,000 Loss Per Car Turns Investors Off
The diverging fortunes of the two most prominent electric vehicle startups in the US show Wall Street is picking a side — and it’s not Lucid Group Inc.
Tesla Cuts Prices of Top Models to Stoke Demand for More EVs
Tesla Inc. cut the prices of its top-selling models again in the US, continuing its push to stoke demand and capitalize on easing supply constraints.
Metro Bank Eyes Selling Part of Mortgage Portfolio to Raise Cash
Metro Bank Holdings Plc’s shares rebounded Friday as it emerged the lender is considering the sale of a portion of its mortgage portfolio to shore up confidence in its shares and finances.
EV Maker Lucid’s $338,000 Loss Per Car Is Turning Investors Off
The diverging fortunes of the two most prominent electric vehicle startups in the US show Wall Street is picking a side — and it’s not Lucid Group Inc.
US Regulators Weigh Penalizing Bankrupt Crypto Lender Voyager’s Ex-CEO
Investigators at a key US regulator have concluded that the co-founder of Voyager Digital Ltd. broke derivatives regulations before the failed crypto lender plunged into bankruptcy last year, according to people familiar with the matter.
Snap Gets Enforcement Notice From UK Watchdog on AI Chatbot
The UK’s Information Commissioner’s Office issued Snap Inc., the maker of the Snapchat app, with a preliminary enforcement notice over the company’s generative artificial intelligence chatbot.
CME Head Says He and New Chicago Mayor ‘Don’t Agree on Anything’
Few businesses have Chicago roots as deep as the CME Group Inc. — the company has been based in the city for more than a century and its very name derives from the location (the letters refer to the company’s Chicago Mercantile Exchange business).
France Blocks US Takeover of Nuclear Supplier as Macron Expands Reach
France has blocked the purchase of the French units of Canada’s Velan Inc. by US-based Flowserve Corp., effectively scuppering a deal between US and Canadian companies in the name of its own strategic autonomy.
Blackstone’s Billion-Dollar Bet on Reese Witherspoon Falls Short
Blackstone Inc. has given former Walt Disney Co. executives Kevin Mayer and Tom Staggs more than $1 billion to build the next great entertainment company. That investment has been put to the test this year.