Business

Coinbase CEO has 'never been more bullish' even after $430M Q1 loss

Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss

Cryptocurrency exchange Coinbase has disclosed its first net loss as a public company of $430 million in Q1, but CEO Brian Armstrong said on an earnings call that he’s “never been more bullish on where we are as a company.” In its first quarter 2022 report Coinbase disclosed that revenue had dropped 27% to $1.17 …

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A Baby Formula Shortage Leaves Desperate Parents Searching for Food

A Baby Formula Shortage Leaves Desperate Parents Searching for Food

SAN ANTONIO — Maricella Marquez looked at the last can of baby formula in her kitchen on Tuesday and handed her 3-year-old daughter, who suffers from a rare allergic esophageal disorder, a smaller-than-usual portion of the special nutrition she needs to stay healthy. Ms. Marquez has been calling suppliers all over Texas, asking about any …

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Dow Jones Futures: Techs Rise In Volatile Market Action;  Has Inflation Fever Peaked?

Dow Jones Futures: Techs Rise In Volatile Market Action; Has Inflation Fever Peaked?

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures, with a key inflation report on tap. The stock market had an up-and-down session Tuesday, with techs closing higher than the Dow Jones lagged. X Coinbase (COIN) and UnitySoftware (U) plunged late on weak first-quarter results. COIN stock and Unity …

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Lufthansa apologizes after report all visibly Jewish passengers barred from flight

Lufthansa apologizes after report all visibly Jewish passengers barred from flight

Lufthansa issued on Tuesday an apology after Orthodox Jews complained that all visibly Jewish passengers were thrown off the flight because one group didn’t follow the German carrier’s masking rules. In a video from the incident, a Lufthansa supervisor could be heard saying “everyone has to pay for a couple” and that “it’s Jews coming …

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S&P 500, Nasdaq end higher in choppy session as inflation data looms

S&P 500, Nasdaq end higher in choppy session as inflation data looms

All eyes on US CPI data on Wednesday Peloton falls as CEO says business “thinly capitalized” Indexes: Dow down 0.3%, S&P 500 up 0.3%, Nasdaq up 1% NEW YORK, May 10 (Reuters) – The S&P 500 and Nasdaq ended higher on Tuesday, with big growth shares rising after the previous day’s selloff as Treasury yields …

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Wall Street dips while treasury yields, oil prices drop

Wall Street dips while treasury yields, oil prices drop

NEW YORK, May 10 (Reuters) – Wall Street stocks turned lower in a volatile session and oil prices fell on Tuesday with risk appetite appearing to falter as investors turned to safe havens such as Treasuries amid fears about inflation and slowing economic growth. US Treasuries rallied, with the yield on the benchmark 10-year note …

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US stocks moving higher;  1Q earnings season continues

US stocks moving higher; 1Q earnings season continues

Check out what’s clicking on FoxBusiness.com. US stocks were trending higher overnight after across-the-board losses Monday. Ticker Security Last Exchange Change % I: DJI DOW JONES AVERAGES 32245.7 -653.67 -1.99% SP500 S&P500 3991.24 -132.10 -3.20% I:COMP NASDAQ COMPOSITE INDEX 11623.2484 -521.41 -4.29% Tuesday will also see earnings season roll on, with Fox News and Fox …

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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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Uber, Amazon, and Facebook Have Slowed Hiring.  Why Others Could Follow.

Uber, Amazon, and Facebook Have Slowed Hiring. Why Others Could Follow.

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 …

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