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The rumor surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity. 1904 Total views 5 Total shares Do Kwon, the CEO and co-founder of the infamous Terra (LUNA) and TerraUSD (UST) ecosystems, refuted the claims of cashing […]
Fortinet Inc. FTNT, -5.00% said Thursday that it plans to implement the previously disclosed five-for-one stock split on June 22. The split is contingent on shareholders approving at the June 17 annual meeting a proposal to increase the number of shares outstanding so the split could take effect. The plans for the stock split were […]
U.S. stocks opened lower Thursday, losing ground as yields on Treasurys and other government bonds rose after the European Central Bank affirmed it will begin lifting interest rates in July. The Dow Jones Industrial Average DJIA, -2.73% fell 150 points, or 0.5% while the S&P 500 SPX, -2.91% fell 18 points, or 0.4%, and the […]
Consumer prices (CPI index) in the US rose by 8.6% in May compared to the same month last year, according to data from the Department of Labor. This is the highest growth rate since December 1981. Thus, inflation has accelerated compared to 8.3% in April. Analysts polled by Bloomberg had expected consumer prices to rise […]
Amazon.com Inc. AMZN, -5.60% announced the launch of Virtual Try-On for Shoes during Thursday premarket hours. The service will allow shoppers to use augmented reality (AR) to see how a shoe will look from different angles. For those using iOS in the U.S. and Canada, the service will be available for a variety of sneaker […]
Nautilus Inc. NLS, -7.26% is recalling about 7,300 treadmills, as they can start on their own, posing a fall hazard. Shares of the exercise equipment maker fell 1.3% in morning trading. The T616 and T618 treadmills being recalled was made in China and sold at Best Buy Co. Inc. BBY, -3.11%, Walmart Inc. WMT, +0.56% […]