Coinbase Global Inc

Robinhood is handing over the keys to some of its customers' crypto.The trading and investing company announced Tuesday it will let users hold and custody their own cryptocurrencies and NFTs in a separate, stand-alone app. It's the latest move in the digital asset space for Robinhood as it reaches for growth beyond stock trading. The company shares are off more than 70% since its IPO.The new app will put Robinhood squarely in competition with Coinbase and start-ups like MetaMask. Coinbase CEO Brian Armstrong called his…

Here are the most important news, trends and analysis that investors need to start their trading day:1. Stock futures rise ahead of key inflation report, after volatile sessionTraders on the floor of the NYSE, May 10, 2022.Source: NYSEU.S. stock futures rose Wednesday ahead of the first of two key inflation reports out this week. Wall Street saw a volatile session Tuesday, with the Dow Jones Industrial Average wiping out a 500-point gain, hitting a session-low down roughly 350 points before closing 84 points lower, a…

Check out the companies making headlines before the bell:Wendy's (WEN) –Wendy's reported adjusted profit of 17 cents per share, 1 cent below estimates, with revenue and same-store sales also missing analyst forecasts. The restaurant chain is seeing a negative impact from higher costs for supplies and labor, and its shares slid 3.4% in premarket trading.Krispy Kreme (DNUT) – Krispy Kreme gained 1.6% in the premarket after beating top and bottom line estimates for its latest quarter. The donut chain's "sales per hub" metric…

Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021.Michael Nagle | Bloomberg | Getty ImagesCoinbase reported first-quarter results that missed analysts' revenue estimates after the bell on Tuesday. Shares fell more than 15% in after-hours trading, building on a drop of 12.6% during regular trading hours before the results dropped.Here are the key numbers:Loss per share (EPS): $1.98Revenue: $1.17 billion, versus $1.48…

Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City.Michael M. Santiago | Getty ImagesTech stocks have gotten hammered across the board in 2022. The downdraft has been particularly brutal for companies that held their market debuts in 2021.Of 53 tech-related companies tracked by CNBC that went public last year through an IPO or direct listing, all but three are now trading below their offer price (for IPOs) or opening price (for direct…

U.S. stock futures are slightly higher on Monday night after the S&P 500 fell to its lowest point in more than a year.Dow Jones Industrial Average futures rose by 65 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.2% and 0.2%, respectively. Shares of AMC and Novavax made major moves after hours on the back of their most recent quarterly reports.Earlier in the day, the S&P 500 dropped below the 4,000 level to mark the index's weakest point since March 2021. The broad market index fell as low as…