Coinbase Global Inc

A Burger King restaurant seen in Milton, Pennsylvania.Paul Weaver | SOPA Images | LightRocket | Getty ImagesCheck out the companies making the biggest moves in midday trading on Thursday:Coinbase — Shares of the cryptocurrency exchange jumped about 15% after the company announced a partnership with BlackRock, the world's largest asset manager, that will allow its institutional clients to buy bitcoin. The ticker COIN also became one of the most mentioned names on Reddit's WallStreetBets forum, according to Quiver…

Check out the companies making headlines before the bell:Walmart (WMT) – Walmart slumped 9.5% in the premarket after cutting its outlook for the current quarter and full year. The retail giant said higher prices for food and fuel are prompting consumers to cut back, and it's had to cut prices at its stores to reduce excess inventory. Other retail stocks fell during premarket trading in the wake of the Walmart warning, including a 3.6% drop for Amazon (AMZN), 5.2% for Target (TGT) and 2.5% for Home Depot (HD).General…

Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022.Bing Guan | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading Tuesday.Walmart – Shares of Walmart slid 7.6% after the company cut its quarterly and full-year outlook, saying that inflation is shifting consumer spending towards essentials and away from things such as clothing and electronics. The news also dragged other retail stocks such as Target, Kohl's, Amazon and Costco lower.Shopify – Shares dropped 14.06%…

The US crypto exchange Coinbase Global Inc has won approval from Italian regulators to continue to serve customers in Italy, it said in a blog. Coinbase said it had met requirements from the Organismo Agenti e Mediatori (OAM), which oversees financial agents and credit brokers in Italy and implements anti-money laundering controls. Financial watchdogs across the world are grappling with how to regulate the crypto market, which remains subject to patchy rules. Consumer protection, threats to financial stability, and…

Digital asset exchange Genesis Trading said on Wednesday it had been exposed to Three Arrows Capital (3AC), but had mitigated its losses after the bankrupt crypto hedge fund failed to meet a margin call. Genesis Chief Executive Officer Michael Moro in a tweet said the firm's parent company Digital Currency Group has assumed some of its liabilities. Genesis is also pursuing all strategies to recover any potential loss, he added. The loans to Three Arrows had a weighted average margin requirement of over 80%, Moro said.…

Check out the companies making headlines before the bell:Uber (UBER), DoorDash (DASH) – Uber fell 3.1% in the premarket while DoorDash tumbled 7.5%, following the news that Amazon (AMZN) struck a deal to add membership in rival food delivery service Grubhub as a free benefit for its "Prime" members. Amazon's deal also gives it the option to take a stake in Grubhub.Spirit Airlines (SAVE) – Spirit won the right to operate peak-hour afternoon and evening flights at Newark-Liberty International Airport. Spirit had been trying…

Uber Eats deliveryJonathan Raa | NurPhoto via Getty ImagesCheck out the companies making headlines in midday trading.Uber, DoorDash – Shares of Uber slumped 4.6% and DoorDash fell 9% on news that Amazon agreed to take a stake in Grubhub in a deal that will give Prime subscribers a one-year membership to the food delivery service.Coinbase – Coinbase slipped 3.1% after Atlantic Equities downgraded the crypto exchange to neutral and slashed its price target, citing increased volatility in the industry.Netflix – Netflix…

Bitcoin, the world's biggest cryptocurrency, is down more than 50% since the start of 2022.Nurphoto | Getty ImagesBeleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market.Nexo said Tuesday it had signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company. If successful, Nexo said it plans to restructure the company and pursue an expansion in Southeast Asia and…

Bitcoin just finished its worst month on record, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world's second-biggest cryptocurrency by market capitalization, ended the same period down by about 47%.Though weakness in the digital assets sector is part of a broader flight from risk, confidence in the crypto market, in particular, has been rocked in recent weeks as major companies face solvency crises.In May, the popular U.S. dollar-pegged stablecoin project UST — and its sister token luna…

The logo for Diem, formerly known as Libra, is seen is displayed on a smartphone screen with a Facebook logo in the background.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesMeta plans to shutter its Novi digital wallet on Sept. 1, just eleven months after the company formerly known as Facebook debuted it.The company announced the upcoming closure on Novi's website, informing customers that "The Novi pilot is ending soon" and will no longer be available for use after that date.Meta said Novi users should…