Coinbase Global Inc

Cryptocurrency exchange Coinbase Global Inc posted a smaller-than-feared loss in the first quarter, benefiting from cost cuts and diversification of revenue sources, sending its shares up 7% in extended trading on Thursday.The company has benefited from its deal for One River Digital Asset Management to ramp up product offerings in subscription and services revenue, while it also launched wallet-as-a-service and other products to scale blockchain. "We're also seeing the benefits of increased cost efficiencies, and we've…

The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc over some of the crypto exchange's products, turning up the heat on the largely unregulated sector. Shares of Coinbase dropped nearly 13% to $67.33 in extended trading after the company said on Wednesday that the regulator had issued it a Wells notice - a formal declaration that SEC staff intend to recommend an enforcement action. The potential enforcement actions would be tied to aspects of Coinbase's spot market as well as its…

The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc over some of the crypto exchange's products, turning up the heat on the largely unregulated sector. Shares of Coinbase dropped nearly 13% to $67.33 in extended trading after the company said on Wednesday that the regulator had issued it a Wells notice - a formal declaration that SEC staff intend to recommend an enforcement action.The potential enforcement actions would be tied to aspects of Coinbase's spot market as well as its Earn,…

Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said it remained redeemable with the dollar. U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of SVB threatened to trigger a broader financial, and said SVB customers would have access to their deposits from Monday. USD Coin, also known as USDC, recovered to…

The Commission took issue with Meta's pairing of Facebook Marketplace with its personal social network.Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Meta — The tech giant's shares jumped 25% by the middle of the trading day, on track for its strongest day in nearly a decade. Late Wednesday, Meta reported revenue that topped analysts' expectations and announced a $40 billion stock buyback plan. Firms also responded positively to Meta's earnings report,…

The Kohl's logo is displayed on the exterior of a Kohl's store on January 24, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesCheck out the companies making the biggest moves in premarket trading:Colgate-Palmolive — The maker of household and personal care products saw shares add more than 1% premarket after Morgan Stanley analysts upgraded the stock to overweight from equal weight. The Wall Street investment firm said the recent dropdown in shares create an attractive entry point for investors.Boot Barn —…

Virgin Orbit's LauncherOne rocket on display in Times Square, New York.CNBC | Michael SheetzCheck out the companies making the biggest moves midday:Virgin Orbit — The satellite launch service company fell 13.99% a day after it confirmed its first launch out of the United Kingdom Monday failed to reach orbit. The mission was Virgin Orbit's sixth to date, and its second launch failure.Danaher — Shares of Danaher rose 4.64% after the maker of medical, industrial and commercial products issued upbeat guidance for…

People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York City, November 26, 2021.Andrew Kelly | ReutersCheck out the companies making headlines and moves in premarket trading.Walgreens Boots Alliance — The drugstore stock fell about 2% in premarket even after the company reported fiscal first quarter earnings that beat analyst estimates. The company also raised its full-year revenue outlook partly due to its U.S. health care segment's acquisition of Summit Health.Amazon — Amazon's stock gained…

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018.Pual Yeung | Bloomberg | Getty ImagesCheck out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. With Wednesday's gain, the stock is up more than 11% for the week. Earlier this week, Wells Fargo named the stock a top tactical investing idea for the first quarter. The firm said Wynn's…

Visitors learn about a Tesla model S at the auto exhibition area of the 5th China International Import Expo in Shanghai, China, November 7, 2022.CFOTO | Future Publishing | Getty ImagesCheck out the companies making the biggest moves midday Monday:Disney — Disney fell 3.6% after its film, "Avatar: The Way of the Water" fell short of box office expectations. The highly-anticipated movie brought in $134 million, less than the $175 million expected by analysts and under the $135 million to $150 million range Disney had…