CEO of Crypto Lender Genesis Exits as 20% of Workforce Laid Off

Genesis Global Trading is laying off 20% of its 260-person workforce weeks after court documents revealed the crypto brokerage firm lent $2.4 billion to now-bankrupt crypto hedge fund Three Arrows Capital. The job cuts were announced as part of company leadership changes that will also result in the departure of Genesis CEO Michael Moro. Genesis, … Read more

Why is the stock market down today? Dow Slides, Target Drops, Bed Bath and Beyond Soars.

text size Investors’ attention on Wednesday will be on the minutes of the latest Federal Reserve meeting. fake images The stock market looked poised for a lower open on Wednesday as investors digested recent gains ahead of the afternoon release of the Federal Reserve meeting minutes in July. Dow Jones Industrial Average futures were down … Read more

Biden will sign the Inflation Reduction Act today. Here’s MarketWatch’s summary of how it will affect your energy bills, investments, and drug costs.

President Joe Biden is scheduled to sign into law Tuesday the Inflation Reduction Act, the Democrats’ big economic package aimed at tackling climate change, limiting drug costs and raising hundreds of billions of dollars through taxes. to corporations. Here’s a guide to the key components of the expanding legislation, as reported by MarketWatch journalists. Energy … Read more

Coinbase looks like a meme stock. Be careful, shorts.

text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg world coinbase operates as a side bet on Bitcoin. Lately, however, the cryptocurrency brokerage firm’s stock has added meme stock volatility to the mix, taking a cue from the likes of gamestop Y AMC Entertainment . Consider the frenetic … Read more

Stock Market Today: Dow Rises as Cooler Inflation Could Mean Less Aggressive Fed

text size Traders expect US inflation to have peaked. (Photo by Getty Images) The stock market was unable to hold on to its earlier gains on Thursday and ended mixed. It had been rising as recent economic data indicated that inflation may have peaked. the Dow Jones Industrial Average he finished with 27 points, or … Read more

How smaller RIAs can attract deals in today’s cutthroat M&A game

How can smaller RIAs compete against the wealthy serial acquirers who dominate the brutally competitive M&A market? RIA’s top nine acquirers, led by Creative Planning and Mercer Advisors, accounted for half of all M&A transactions in the first half of 2022, according to DeVoe & Co.’s RIA Deal Book. Backed by private equity capital, These … Read more

Coinbase shares fall after a cruel quarter for cryptocurrencies

text size Coinbase reported a second-quarter loss of $4.98 per share, compared to the $2.47 loss expected by analysts. dream time Crypto winter has arrived for the digital asset giant base of coins . Coinbase (ticker: COIN) on Tuesday reported a loss of $4.98 per share in the second quarter, compared to a loss of … Read more

Walt Disney’s earnings are today. This is what you can expect.

text size Disney has set a goal of growing the Disney+ subscriber base to between 230 million and 260 million accounts by the end of its 2024 fiscal year. dream time The transmission will be in focus when walt-disney it reports earnings on Wednesday afternoon, but Wall Street will also be looking at how inflation … Read more

Coinbase earnings have Wall Street wondering if the cryptocurrency company is too bullish or misunderstood

Coinbase Global Inc. executives remain optimistic about the long-term promise of their cryptocurrency platform, but admitted on Tuesday that current challenges in the cryptocurrency market are likely to persist. After posting a $1.1 billion loss last quarter amid declining volumes and active user counts, Coinbase COIN, +6.15% projected that monthly transaction volumes and users could … Read more

Coinbase Execs See Crypto Winter Continues, Stocks Fall After Earnings Show $1.09B Net Loss

Shares of Coinbase Global Inc. fell 5% in after-hours trading on Tuesday after the cryptocurrency exchange said volumes and monthly user counts could be lower in the current quarter than seen in the latter as “soft” crypto market activity continues. The company posted a net loss of $1.09 billion, or $4.98 per share, while it … Read more