Moonwell, a DeFi lending and borrowing platform operating on multiple blockchains, suffered an $8.7 million exploit on the Base network. Attackers manipulated the price of the illiquid MAMO token used as collateral, inflating its value to borrow real cbBTC from Moonwell's lending market. The stolen funds were consolidated at an address linked to the attacker. This incident highlights risks in DeFi protocols relying on illiquid collateral and may impact Moonwell's user trust and token value.
EnWave Corp is winding down its REVworx co-manufacturing operations to reduce annual operating costs by about $1 million, improving net income. This move reflects the maturity of its Radiant Energy Vacuum drying technology, reducing the need for inte...
Dollar Tree reported second quarter fiscal 2026 results surpassing Wall Street expectations with a 7% rise in net sales to $4.9 billion and a 3.7% increase in comparable store sales. Earnings per share reached $2.70, boosted significantly by $1.31 fr...
Kohl's, McDonald's, and Walmart report earnings that reveal struggles among low-income consumers, indicating a recession already affecting half of Americans living paycheck to paycheck. Despite Kohl's slight revenue drop and tariff refunds, the broad...
A recent survey by Dave's Killer Bread reveals that Gen Z is more aware of the health benefits of organic food than previous generations, with 44% very aware compared to lower percentages in millennials, Gen X, and baby boomers. The study also found ...
Salesforce, Inc. reported accelerated growth in its core revenue, with a 14% year-over-year increase in cRPO, signaling strong demand despite concerns about AI reducing SaaS value. Its AI-powered products, Agentforce and Data 360, reached nearly $3.9...
