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, …
Coinbase Stock Keeps Sliding After Earnings Report Read More »
US stocks swung between gains and losses on Tuesday, as uncertainty over inflation, interest rates and the economy continued to weigh on the market. All three major indexes opened higher, with the technology-heavy Nasdaq Composite up 2.8% at one point. By late morning, stocks had mostly erased those gains and appeared on track to extend …
US stock indexes rebounded at the opening Tuesday, getting on course to halt three days of punishing declines. The S&P 500 was up 1.4% in early trading, a day after the broad index slumped 3.2% to its lowest level for the year. The technology-heavy Nasdaq Composite rose 2.2% while the Dow Jones Industrial Average rose …
Stocks Open Higher After Selloff Sends Indexes to 2022 Lows Read More »
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 …
AMC Scores an Earnings Beat at a Difficult Time for Meme Stocks Read More »
Text size Uber is one of multiple tech companies slowing down hiring and cutting back on spending. Drew Angerer/Getty Images facebook parent Meta Platforms , ride-share service provider Uber Technologies and tech and online retail giant Amazon.com have announced hiring slowdowns in recent weeks. It’s all about keeping down costs, according to one economist. Peter …
Uber, Amazon, and Facebook Have Slowed Hiring. Why Others Could Follow. Read More »
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. …
Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff Read More »
Bausch + Lomb Corp. priced its IPO at $18 a share Thursday, falling short of expectations as it became the first big company in months to try going public into a turbulent stock market. Bausch Health BHC -7.40% Cos., the parent company, raised $630 million in the offering. It had been aiming to raise as …
Bausch + Lomb Prices IPO at $18 a Share, Below Expectations Read More »
Interactive Platoon Inc. PTON -9.09% is exploring a sale of a sizable minority stake, in an effort to shore up its business as the once-hot bike maker’s stock continues to sink. The fitness company is targeting potential investors including industry players and private-equity firms that could take a stake of around 15% to 20%, according …
Peloton Seeks Minority Investment to Shore Up Business Read More »
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 …
Why Is Bitcoin Falling? Prices Drop Amid Broader Market Tumble. Read More »
WASHINGTON—Top US regulators proposed overhauling how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act, announced Thursday, aims to ensure lending to lower-income individuals and small businesses is distributed …
Fed, Biden Administration Float New Lending Rules for Lower-Income Areas Read More »
