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Finance

Skanska poaches Network Rail finance director for CFO role

Skanska poaches Network Rail finance director for CFO role

Skanska UK has appointed Network Rail’s finance director, Meliha Duymaz, as its new chief financial officer (CFO). As well as taking on the CFO role, Duymaz has also been appointed as executive vice-president. Meliha joins Skanska UK from Network Rail, where she is currently finance director for the eastern region, running from London to Scotland, …

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Johnny Depp Juror Speaks Out: Amber Heard ‘Didn’t Come Across As Believable’

Johnny Depp Juror Speaks Out: Amber Heard ‘Didn’t Come Across As Believable’

Topline An unnamed juror from Johnny Depp and Amber Heard’s defamation trial gave insight on the deliberations Thursday to Good Morning America, saying the actress “didn’t come across as believable” and that “there wasn’t enough or any evidence that really supported what she was saying.” Amber Heard (L) and Johnny Depp watch as the jury …

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Dow Plunges 700 Points As Fed Rally Evaporates Amid Fears That A Recession Is ‘Inevitable’

Dow Plunges 700 Points As Fed Rally Evaporates Amid Fears That A Recession Is ‘Inevitable’

Topline Markets tanked on Thursday as recession fears surged once again, with stocks reversing gains from the previous session when the Federal Reserve announced it would hike rates by 75 basis points, the biggest increase since 1994, in a bid to combat surging inflation. Be still, my heart: Stocks continued to hit new lows for …

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Housing Market ‘In Free-Fall’ As New Construction Plummets—Here’s When ‘Reset’ Could Cool Prices

Housing Market ‘In Free-Fall’ As New Construction Plummets—Here’s When ‘Reset’ Could Cool Prices

Topline New housing starts unexpectedly plunged much more than economists projected—and for a second straight month—in May, according to data released Thursday, adding to signs of an abrupt turnaround in the booming housing market. “This is still the early stages of the housing rollover,” says one expert, predicting the coming … [+] months will bring …

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SpaceX Employees Reportedly Condemn Elon Musk’s Behavior In Open Letter

SpaceX Employees Reportedly Condemn Elon Musk’s Behavior In Open Letter

Topline An open letter was reportedly posted in an employee chat channel at SpaceX on Wednesday that flames CEO Elon Musk for recent behavior that it describes as a “distraction” and an “embarrassment,” and calls for the company to “hold all leadership equally accountable.” Billionaire entrepreneur and founder of SpaceX Elon Musk speaks at the …

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Inverse Finance exploited again for $1.2M in flashloan oracle attack

Inverse Finance exploited again for $1.2M in flashloan oracle attack

Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flash loan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (wBTC). Inverse Finance is an Ethereum-based decentralized finance (DeFi) protocol and a flash loan is a …

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