C&E Exclusion Filter

Coinbase Stock Keeps Sliding After Earnings Report

Coinbase Stock Keeps Sliding After Earnings Report

The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. CORNER -12.60% said Tuesday that it lost hundreds of millions of dollars in the first quarter, sending the stock tumbling in after-hours trading. Following the after-market report, …

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AMC Scores an Earnings Beat at a Difficult Time for Meme Stocks

AMC Scores an Earnings Beat at a Difficult Time for Meme Stocks

AMC Entertainment shares, along with other meme stocks, haven’t been spared during the broader market rout of the last few weeks. Mandel Ngan/AFP via Getty Images Text size AMC Entertainment Holdings stock jumped after the move theater firm beat Wall Street’s expectations for the first quarter. The company reported a non-GAAP net loss of 52 …

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Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

One type of cryptocurrency, a so-called stablecoin, is meant to keep its value at $1. But on Monday, the third-biggest stablecoin, TerraUSD, fell as low as 95 cents, causing a flood of investors to sell their holdings. Stablecoins get their name from their being tied to the value of government-issued currencies, such as the dollar. …

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Why Is Bitcoin Falling?  Prices Drop Amid Broader Market Tumble.

Why Is Bitcoin Falling? Prices Drop Amid Broader Market Tumble.

Bitcoin was trading around $37,000 Thursday. Rutmer Visser/Dreamstime Text size The price of Bitcoin, Ether, and other cryptocurrencies slumped on Thursday, reversing a recent rally as a deep selloff in the stock market spread to digital assets.. Bitcoin tumbled 6% over the past 24 hours to around $36,900, after ending 6% higher on Wednesday and …

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Stocks Slide as Investors Reassess Fed Comments

Stocks Slide as Investors Reassess Fed Comments

US stocks fell, with technology stocks leading the way, as investors assessed the implications of Federal Reserve’s most aggressive tightening of monetary policy in more than two decades. The S&P 500 dropped 2.1% in early trading Thursday. The tech-focused Nasdaq Composite Index lost 3.2%, and the Dow Jones Industrial Average retreated 1.6%, or 551 points. …

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Uber's Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs

Uber’s Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs

Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for wrinkles rebounded from the downturn caused by the Covid-19 surge late last year and the company’s food delivery grew despite restaurant reopenings. Uber issued a bullish outlook for the current quarter, but its shares fell about 5% Wednesday, triggered in part …

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Citigroup Sales Hit European Stock Markets With 'Flash Crash'

Citigroup Sales Hit European Stock Markets With ‘Flash Crash’

Several European stock markets suffered a “flash crash” on Monday morning following sell orders by Citigroup Inc., VS 1.04% according to people familiar with the matter. Trading was halted momentarily in several markets after major stock indexes plunged for a few minutes just before 10 am Central European time. Stocks in the Nordic region were …

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