In a recent development, a South Korean court decided not to hold former finance minister Choo Kyung-ho in custody. This decision came as prosecutors were looking into his role in the brief martial law imposed by former President Yoon Suk Yeol. The Seoul Central District Court explained that there
Yearn Finance, a well-known decentralized finance platform, faced another setback with a $9 million hack. This incident, the fifth in five years, targeted the yETH stableswap pool, extracting various ether (ETH) liquid staking tokens (LSTs). The hacker managed to steal a significant amount, but not
Boeing is feeling good about its future. The company's top money manager, Jay Malave, shared some exciting news at a big finance meeting. He said Boeing plans to send out more of its popular 737 and 787 planes next year. This is big news because it means Boeing might finally start making more money
The Huione Group, a major player in Cambodia's financial scene, has hit a rough patch. Recently, its banking service, Huione Pay, shut down branches and stopped cash withdrawals. People were seen lining up outside closed doors, hoping to get their money out. This isn't just bad luck; it's the result
Gen Z, the generation born between 1997 and 2012, is taking a stand against what they call "brain rot. " This term refers to the mental fog and lack of motivation that comes from endless scrolling on social media platforms like TikTok, YouTube, and Instagram. The average Gen Z spends over six hours
Young adults are bringing back the idea of eating together at long tables with strangers. This trend is popular among those born between 1997 and 2012. They see it as a way to meet new people and feel connected. Almost all of them like this idea, while only 60% of older adults do. Many young diners
Jane Street Group and Citadel Securities are making big waves in the trading world. They are not just keeping up with the big banks; they are actually taking a bigger slice of the pie. Their recent earnings show that they are on track to have their best year yet. Jane Street saw a big jump in their
In the world of finance, big moves are happening. Two experienced professionals are joining forces to launch a new hedge fund. This fund will focus on Japan's market. Takeo Serizawa, a former portfolio manager at Citadel, is teaming up with Tomohiro Yamaguchi. Yamaguchi used to head Point72 Asset Ma
In the fast-paced world of electronic trading, speed is often seen as the key to success. However, Hudson River Trading has decided to shake things up by taking a different approach. Instead of focusing solely on split-second trades, they are now holding onto positions for longer periods, sometimes
A recent court decision has put a stop to a controversial appointment in New Jersey. Alina Habba, a former lawyer for Donald Trump, was barred from serving as the state's top federal prosecutor. This decision came after a series of legal maneuvers by the Trump administration to keep her in the role.
