Finance

Buggy Code in This Compound Finance Fork Just Froze $1M in Ethereum Tokens

Some $1 million in Ethereum tokens is locked in a new DeFi app after its developers made changes to the protocol’s interest rate smart contracts.

DeFi lending platform PercentFinance, a fork of Compound Finance, wrote in a blog post on Nov. 4 “that some of [its] money markets experienced an issue that can result in permanent locking of user funds.” The team froze money markets specifically for USDC, ETH and wrapped bitcoin (WBTC).

A total

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Finance executives fret as U.S. presidential election too close to call

NEW YORK/LONDON (Reuters) – Wall Street and global financial executives are waiting anxiously for a clear winner in the 2020 U.S. election after President Donald Trump called foul play, stoking fears of a drawn-out count that keeps markets and businesses hanging.

FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File photo

While the Republican

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Quacquarelli Symonds releases the best MBAs for a career in finance

MBA programs can help you prepare for work in a specific industry by developing the skills you need, and it may help increase your post-graduate salary. If you are looking to land a career in finance, one of these top MBA specializations for a finance career may be a good fit.

QS Quacquarelli Symonds, a global higher education analyst, published on Wednesday seven specialization rankings highlighting the best MBA programs for a career in specific

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Economist Oscar Llamosas named as new Paraguayan finance minister

By Daniela Desantis

ASUNCION, Oct 29 (Reuters)Economist Oscar Llamosas was named as Paraguay’s new finance minister by President Mario Abdo on Thursday, after the previous minister stepped down for a senior role at Latin America’s main lending bank.

Llamosas, a former vice minister of Paraguay’s financial administration, will lead the economic team after the departure of Benigno López, who resigned this month for a position at the Washington-based Inter-American Development Bank (IDB).

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Canada to spend heavily on coronavirus but ‘no blank cheques’, finance minister says

OTTAWA (Reuters) – Canada will continue spending heavily to combat a coronavirus pandemic but the government’s response is limited and temporary, Finance Minister Chrystia Freeland said on Wednesday.



Chrystia Freeland standing in front of a curtain: FILE PHOTO: Canada's Deputy PM Freeland attends news conference on Parliament Hill in Ottawa


© Reuters/BLAIR GABLE
FILE PHOTO: Canada’s Deputy PM Freeland attends news conference on Parliament Hill in Ottawa

Freeland made her remarks to a Toronto economic forum after analysts and opposition politicians questioned the fiscal consequences of spending more than C$200 billion ($151.7 billion) in aid programs and

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G20 finance officials set Nov. 13 meeting to finalize debt framework – sources

By Andrea Shalal

WASHINGTON, Oct 29 (Reuters)Group of 20 finance officials will meet virtually on Nov. 13 to finalize a common framework for addressing the mounting debt problems of low-income countries rocked by the COVID-19 pandemic, sources familiar with the plans said on Thursday.

The extraordinary meeting comes amid growing concerns that the pandemic has exacerbated problems for the poorest countries that had already been in or at risk of debt

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Guilty plea entered in U.S. case linked to former Giuliani associates

By Jonathan Stempel



a man wearing a suit and tie: FILE PHOTO: U.S. businessman David Correia departs after his arraignment at the United States Courthouse in the Manhattan borough of New York City


© Reuters/BRENDAN MCDERMID
FILE PHOTO: U.S. businessman David Correia departs after his arraignment at the United States Courthouse in the Manhattan borough of New York City

NEW YORK (Reuters) – The first of four men charged in a campaign finance case implicating former associates of U.S. President Donald Trump’s personal lawyer Rudy Giuliani on Thursday pleaded guilty to two charges in the case.

David Correia, 45, a business partner of onetime

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Trudeau’s Finance Minister Rejects Calls for Spending Restraint

(Bloomberg) — Chrystia Freeland used her first major speech as Canadian finance minister to make a fervent defense of her government’s mounting budget deficits, and lay the groundwork for more post-pandemic spending.

Freeland, who was appointed to the job in August after the resignation of Bill Morneau, said the Liberal government needs to turn its attention to recovery efforts and move beyond simply “limiting the damage” from Covid-19. This should include “meaningful” investments in things

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Harvest Finance Boosts Bounty to $1M for Information Leading to Return of Exploited Funds

(Shaun Coward/Unsplash)

Decentralized finance (DeFi) protocol Harvest Finance has upped its bounty from $100,000 to $1 million for information leading to the return of $24 million in siphoned funds taken in an exploit Monday.

According to the Harvest Finance Twitter and Discord account, the anonymous Harvest Finance team is offering the bounty for “tracking down” the attacker and returning the funds.

A $50 million flash loan from Uniswap was used Monday on Harvest Finance to sway the

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Biden’s transition team juggles competing demands as liberals push Warren for Treasury

with Brent D. Griffiths

If Joe Biden wins the big contest next week, he will find himself thrust into another, between liberal and moderate Democrats over the future of the party. And it would begin playing out immediately as Biden moves to assemble his administration. 

Liberal groups already are set to press him to name Sen. Elizabeth Warren (D-Mass.), a vanquished primary foe and lefty hero, as his Treasury secretary.

“Donors, activists and leaders on

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Library Pictures to Co-Finance CJ Entertainment’s Local Language Film Slate

Library Pictures International, a Los Angeles-based local-language content financier has struck a deal with CJ Entertainment, the South Korean studio behind Oscar-winner “Parasite,” to co-finance its production in Indonesia, Vietnam and Turkey.

Library, which is itself backed by Legendary Pictures, will fund up to 50% of the budget of CJ Entertainment-led local-language productions in each of the three markets. Few deal terms were disclosed, though they were described as a “multi-year, multi-picture” agreement.

CJ-CGV, a

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How Biden and Trump differ on housing-finance reform

For more than a decade, housing-finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) have remained in conservatorship after being bailed out amid the Great Recession.



Joe Biden, Donald Trump are posing for a picture: Vice President Joe Biden would likely abandon the Trump administration’s approach to housing-finance reform if elected, experts say.


© MarketWatch photo illustration/Getty Images, iStockphoto
Vice President Joe Biden would likely abandon the Trump administration’s approach to housing-finance reform if elected, experts say.

Fannie and Freddie’s shareholders have been kept in limbo throughout those years — they’ve watched as the enterprises’ profits were swept to the Treasury Department

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Apollo Commercial Real Estate Finance, Inc. Reports Third Quarter 2020 Results

NEW YORK, Oct. 26, 2020 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today reported results for the quarter and nine months ended September 30, 2020.  

Third quarter 2020 net income per share of common stock was $0.31 and Operating Earnings (a non-GAAP financial measure defined below) was $0.36 per share of common stock.  

“Despite continued economic uncertainty, ARI had another solid quarter, producing operating earnings that

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Apollo Commerical Finance (ARI) Surpasses Q3 Earnings Estimates

Apollo Commerical Finance (ARI) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.28 per share when it actually produced earnings of

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Biden V. Trump On Housing Finance Policy

With topics like the Supreme Court and COVID-19 dominating the election news cycle, the future of housing finance reform has received relatively little attention outside of the industry. Given its economic importance, though, that situation is likely to change soon.

While there are few details from the Biden camp, the Trump administration has been working to build private capital at Fannie Mae and Freddie Mac, aiming to end

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Hacker steals $24 million from cryptocurrency service ‘Harvest Finance’

harvestfinance.png

A hacker has stolen roughly $24 million worth of cryptocurrency assets from decentralized finance (DeFi) service Harvest Finance, a web portal that lets users invest cryptocurrencies and then farm the price variations for small profit yields.

The hack took place earlier today and was almost immediately confirmed by Harvest Finance administrators in messages posted on the company’s Twitter account and Discord channel.

According to these messages, a hacker invested large quantities of cryptocurrency assets in

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Israel’s finance officials rebel against minister’s use of Covid aid

Career civil servants at Israel’s finance ministry are rebelling because they say billions of dollars in Covid aid is being used to serve prime minister Benjamin Netanyahu’s coalition, instead of supporting the economy.

Several respected bureaucrats have resigned, while others have openly discussed plans to leave after clashing with finance minister Israel Katz, several officials said.

Mr Katz, a close ally of Mr Netanyahu, is interested in “preparing the grounds for elections by throwing money

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Women In Finance Share Ways To Reinvent Your Business

Arguably, doing business, as usual, is no longer an option given the financial impact the global health crisis has had on businesses. Since March, owners of enterprises have had to go back to the drawing board to reimagine their strategies in order to

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Finance Jobs, Careers in Finance

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Genesis of Glendale and Glendale Hyundai

Glendale, CA 91204 (Pacific Edison area)

  • Accurately complete and submit all financing paperwork to finance sources.
  • This qualified candidate must possess automotive finance and insurance experience and…


The Hiring Advisors

Los Angeles, CA 90012



$140,000 – $175,000 a year

  • 7 + years of corporate finance experience within the consumer products, food manufacturing and/or distribution sectors.
  • Data
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What Is Finance?

Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, money, and investments. Basically, finance represents money management and the process of acquiring needed funds. Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that make up financial systems.

Many of the basic concepts in finance originate from micro and macroeconomic theories. One of the most fundamental theories is the time

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