• Aug 30, 2024

U.S. stock rally broadens as investors await Fed

A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal Reserve's expected rate cuts in September. As the market's fortunes keep rising and falling with big tech stocks such as Nvidia and Apple, investors are also putting money in less-loved value stocks and small caps, which are expected to benefit from lower interest rates. The Fed is expected to kick off a rate-cutting cycle at its monetary policy meeting on Sept. 17-18.

  • Aug 30, 2024

North Korean hackers exploited Chrome zero-day to steal crypto

A North Korean hacking group earlier in August exploited a previously unknown bug in Chrome-based browsers to target organizations with the goal of stealing cryptocurrency, according to Microsoft. According to the report, the hackers exploited a flaw in a core engine within Chromium, the underlying code of Chrome and other popular browsers, like Microsoft’s Edge. When the hackers exploited the vulnerability, it was a zero-day, meaning the software maker — in this case, Google — was unaware of the bug and as such had zero time to issue a fix prior to its exploitation.

  • Aug 30, 2024

US crypto executives to throw Washington fundraiser for Harris

Cryptocurrency investors and industry executives calling on Vice President Kamala Harris to pursue a softer regulatory stance on the industry are planning to raise at least $100,000 for the Democratic nominee at a Sept. 13 Washington fundraiser. The grassroots event is scheduled to take place between the Congressional Black Caucus and Congressional Hispanic Caucus conferences, and aims to bring together a diverse group of donors, the organizers told Reuters. Tickets to the fundraiser range from $500 to $5,000, said Cleve Mesidor, executive director of the Blockchain Foundation and one of the organizers.