Crypto Biz: Luna’s Meltdown Will Continue In Infamy, May 5-11, 2022

Terra’s collapse has forced cryptocurrency investors to ask a question they never thought possible: Will TerraUSD (UST) or Terra (LUNA) hit $1.00 first? The magnitude of this question is a reminder of how quickly things can change in crypto. While Terraform Labs co-founder Do Kwon remains defiant, many in the industry are beginning to distance … Read more

Live stock market news updates: Equity futures fall as investors continue to ponder searing inflation data

U.S. equity futures fell in premarket trading on Thursday after another day of falling markets as investors digested more searing inflation data that showed price levels remained high in April. S&P 500 futures fell 0.4% after the index settled at 3,935.18, its lowest level since March 2021. The S&P 500 fell more than 17% during … Read more

Live stock market news updates: Equity futures fall as investors continue to ponder searing inflation data

U.S. equity futures fell in premarket trading on Thursday after another day of falling markets as investors digested more searing inflation data that showed price levels remained high in April. S&P 500 futures fell 0.4% after the index settled at 3,935.18, its lowest level since March 2021. The S&P 500 fell more than 17% during … Read more

Technology is holding back hiring even as other industries continue to add jobs

San Francisco Compass and camera | Getty Images U.S. employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which has boomed during the pandemic, is showing signs of shrinking. Facebook’s parent company Meta is suspending hiring and cutting some hiring … Read more

Canoo reports first-quarter net loss of more than $125 million, admitting ‘substantial doubt’ it can continue

Following the recent Q1 2022 report from EV startup Canoo, we find the picture of the feature quite appropriate. After admitting a net loss of more than $125 million for the first three months of this year, Canoo is very stuck in the woods. With a lack of current cash to realistically get through the … Read more