Disney, Coinbase, BioNTech, Rivian, and Other Stocks to Watch This Week

Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tyson Foods , BioNTech , AIG, and Take-Two Interactive Software will report. Coinbase Global, Norwegian Cruise Line Holdings , Sysco , and Ralph Lauren go on … Read more

Coinbase Stock Soars as Crypto Exchange Forms Partnership With BlackRock

Text size BlackRock is partnering with Coinbase to offer Bitcoin trading services. Michael Nagle/Bloomberg BlackRock is partnering with Coinbase Global to offer Bitcoin trading services to institutional clients, representing a push into cryptocurrencies for the world’s largest asset manager and a ringing endorsement for the embattled crypto exchange. Institutional investors who use BlackRock ’s Aladdin … Read more

Crypto crash gathers steam as inflation marks fastest pace of rise since 1981

Bitcoin and other cryptocurrencies tumbled on Sunday, with losses for the asset class building over the weekend following U.S. data that showed persistent inflation pressures in May, marking the fastest pace of increase since December 1981. Bitcoin BTCUSD, -0.89% has dropped around 3% to $27,743, with Ethereum falling more than 3.8% to around $1,494, while … Read more

Terra’s $45 Billion Face Plant Creates a Crowd of Crypto Losers

(Bloomberg) — This week’s undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto. First, there’s the immediate impact: The rapid collapse of a once-popular pair of cryptocurrencies sent a ripple effect across the industry, contributing to plummeting coin prices that wiped hundreds of billions of market value … Read more

Coinbase Earnings Reveal Large Loss, Sink Stock

Text size Coinbase reported a loss of $1.98 a share on sales of $1.165 billion. Michael Nagle/Bloomberg Coinbase Global stock was tumbling after the Bitcoin broker reported a larger-than-expected loss. Coinbase shares fell 14% in after-hours trading on Tuesday, after dropping 12.6% ahead of the earnings report. Coinbase stock is down 83% from an all-time … Read more

Coinbase stock falls as crypto platform casts doubt on Q1 outlook

Coinbase Global Inc. stock fell nearly 6% in extended trading Thursday after the Silicon Valley crypto platform crushed Wall Street expectations for its fourth quarter but cast doubt on current-quarter dealings. Coinbase COIN, +3.95% said it earned $840 million, or $3.32 a share, in the fourth quarter, compared with $177 million, or 66 cents a … Read more

Cathie Wood Is Sticking With ARK’s “Super Growth” Stocks–and Avoiding the FAANGs

Opinions on Cathie Wood run strong. “She knows nothing more than anyone else,” one reader all-capped me in an email this past week. I think value investors have been waiting so long for a momentum-stock comeuppance that some are now trying to remember the moves to their end-zone dances. “All I have to do is … Read more