Coinbase Global Inc

The Supreme Court on Friday agreed to hear an appeal by the major crypto exchange Coinbase, which is seeking to have two customer lawsuits against the company resolved by private arbitration, not by a federal court."We are gratified the Supreme Court agreed to hear our appeal, and we look forward to its resolution of this matter," a Coinbase spokesperson said.related investing newsThe issue the high court will take up in Coinbase's case relates to the highly technical question of whether a party in a lawsuit can be forced…

Pedestrians pass in front of a GAP store in New York.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading.Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its top pick in the off-price retail sector. Analyst Michael Binetti boosted his price target to $123 from $99. On Thursday, Ross Stores reported third-quarter earnings-per-share of $1.00, versus a Refinitiv estimate of 81 cents.related investing newsThe retail…

A Walgreens store is seen on August 07, 2019 in Miami, Florida.Joe Raedle | Getty ImagesCheck out the companies making headlines in midday trading.Doximity — The online platform for medical professionals skyrocketed more than 27% after the company reported better-than-expected quarterly results. Doximity also announced a new share repurchase program.Walgreens — Shares rose 6% after an upgrade to buy from hold Deutsche Bank, which said it liked Walgreens' merger and acquisition plans.Coinbase — Coinbase jumped 9% after…

Crypto exchange Coinbase Global Inc cut over 60 jobs in its recruiting and institutional onboarding teams, a spokesperson said, at a time when pummeled digital coins risk another contagion in the sector and bigger rival FTX inches closer to a collapse. The job cuts, the second time this year, follow a week after "crypto market headwinds" contributed to Coinbase's net loss of $544.6 million for the three months ended Sept. 30, compared to a profit of $406.1 million a year ago. The job cuts will help operate as efficiently…

US cryptocurrency exchange Coinbase Global Inc reported a third-quarter loss as high inflation, rising interest rates and geopolitical tensions weakened demand for risky assets, sapping trading volumes for digital currencies like bitcoin. Coinbase said it had a net loss of $544.6 million for the three months ended Sept. 30, or $2.43 per diluted share, compared with a profit of $406.1 million, or $1.62 per diluted share, a year earlier.Read Also Transaction revenue fell 64% from a year earlier to $365.9 million.…

A Starbucks location in New York.Scott Mlyn | CNBCCheck out the companies making headlines after hours.Block — The mobile payment stock jumped 12% after Block reported third-quarter results that beat on the top and bottom lines. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Analysts polled by Refinitiv were forecasting earnings of 23 cents per share on revenue of $4.49 billion.PayPal — Shares declined more than 6%. PayPal reported earnings that surpassed profit and sales expectations. CEO Dan…

FLEX LNG Ltd: "Jimmy Chill likes FLEX. Why? Because it's got a product that we all need."Coinbase Global Inc: "People actually trust it, okay? They believe in it, and that is going to keep it from going down much more. ... Not enough of a reason for me to own it."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. FLEX LNG Ltd: "Jimmy Chill likes FLEX. Why? Because it's got a product that we all need."Coinbase Global…

Shares of large technology companies suffered heavy losses on Thursday, dragging down many other U.S. stocks along with them, after analysts at Bank of America lowered Apple's stock rating.Tech stocks have been pushed down all year as investors have rotated out of growth and flocked to more defensive assets to deal with higher interest rates and to get ahead of a possible recession.The tech-heavy Nasdaq Composite rose on Tuesday and Wednesday, but the buying came after the worst two weeks since the onset of the Covid…

An employee arranges Apple iPhones as customer shop at an Apple store.Mike Segar | ReutersCheck out the companies making headlines in midday trading.Apple — The big technology stock shed 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and cut its price target to $160 a share from $185, citing macroeconomic challenges ahead.related investing newsCooling demand means raising prices becomes a test of how well companies know their customersCarMax — The used auto…

CNBC's Jim Cramer on Tuesday highlighted his list of "dirty dozen" companies that exemplify the losses incurred by investors who funneled their cash into initial public offerings and other risky stocks."Some of the most egregious offenders were the dirty dozen that hit you with repeated unsportsmanlike conduct … and ultimately put your portfolio on injured reserve," he said.related investing newsHere are the stocks most heavily shorted on Wall Street, including this underperforming retailerHere are the dirty…