(Coinbase) Shares of Coinbase traded 17% lower on Wednesday after the first quarter of 2022 revenues came at $1.17 billion, lower than estimates of $1.48 billion. The revenue was 27%…
LUNA token exchanged hands at $4.51 as of 3:40 a.m. ET on Wednesday, representing a decline of 85% in just 24 hours. The slide was related to a further worsening…
(FT) Citigroup, BNY Mellon, and Wells Fargo are showing more digital asset embrace after participating in a $105 million funding round for crypto tech firm, Talos. The Series B financing…
(Peloton) Peloton reported a net loss of $757.1 million in the third quarter of 2022, almost three times worse compared to expectations of a $266.5 million loss. The loss widened…
(Novavax) Shares of Novavax fell more than 25% in premarket on Tuesday after reporting adjusted earnings per share of $2.56 in the first quarter of 2022. The earnings missed expectations…
(NFIB) The NFIB optimism index that gauges confidence among the small business owners held at 93.2 in April, the lowest in two years. Concerns about stagflation held back the small…
(Pfizer) Shares of Biohaven Pharmaceutical rose more than 72% in premarket on Tuesday after news Pfizer will acquire it for $11.6 billion in cash. The deal values Biohaven at $148.50,…
(Upstart) Shares of Upstart Holdings fell more than 45% in premarket on Tuesday after guiding a revenue of $295 million to $305 million in the second quarter of 2022. The…
(AMC) Shares of AMC rose more than 5% in premarket on Tuesday after reporting revenues of $785.7 million in the first quarter of 2022. The revenue was a rise from…
(Binance) Binance has temporarily suspended withdrawals of LUNA and UST tokens, citing high levels of transaction volume. The move by Binance happens a day after UST lost peg against the…
(New York Fed) The median inflation expectations over the next year in the US fell to 6.3% in April from 6.6% in March. The median three-year inflation expectations still rose…
(Bloomberg) Shares of Rivian Automotive Inc. fell more than 17% on Monday after reports emerged that Ford was selling its 8 million shares in the company at a discount. The…