trading

I’ve been playing what I’d categorize as an unhealthy amount of Marvel’s new digital trading card game, Marvel Snap, since its beta began this week. What I quickly found out is that the game does everything it promised almost flawlessly. It’s a perfect card game for anyone who loves Marvel comics, like myself, because there’s no way I could ignore any game that includes both Nova and Magik. After years of not playing card games — since Yu-Gi-Oh! back in elementary school — I’ve been wanting to find a deck builder to…

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesFTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake in Robinhood.The Bahamas-based company has approached at least three privately held trading start-ups about an acquisition, according to sources familiar with those negotiations, who asked not to be named because the deal talks were…

Cryptocurrency exchange FTX will soon allow for traditional stock trading alongside its crypto offerings, the company announced in a press release (via The Wall Street Journal). The functionality is currently available to a select number of users in the US, but it’s aiming to roll it out to more traders in the coming months. FTX says it will offer commission-free trading with access to “hundreds of US exchange-listed securities” including both common stocks and ETFs. It will let customers add money to their accounts…

Ernie Garcia, CEO, CarvanaScott Mlyn | CNBCCarvana CEO Ernie Garcia III regularly tells Wall Street that "the march continues" in the company's mission to become the largest and most profitable used car retailer in the world.Its stock price has marched this year as well, just in the wrong direction for investors. Within six months, Carvana has gone from Wall Street's preferred used car retailer poised to capitalize on a robust market to trading like a volatile meme stock amid cost-cutting measures and layoffs.The fall…

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022.Brendan McDermid | ReutersShares of two meme stocks surged Thursday, adding an unexpected wrinkle for a market that has been dropping in choppy trading for more than a month.GameStop jumped more than 30% and was halted for volatility multiple times, before its gains shank to about 5%. The stock of theater chain AMC Entertainment rose 7%, down from a surge of more than 20% at one point.GameStop…

Fintech is in its flop era, and it would be funny, except that it’s dragging real people down with it. It’s true that stocks are down generally — the S&P 500 has fallen 10 percent in the last 30 days, the Nasdaq is down 14 percent, and the Dow Jones Industrial Average dropped 6.5 percent. But fintech is, by comparison, down bad. Coinbase dropped almost two-thirds in the last 30 days. Block, the Jack Dorsey-led company formerly known as Square, fell by 40 percent. PayPal shares dropped by a third. Robinhood has…

The world's largest technology companies have shed over $1 trillion in value in just three trading sessions.Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other sectors of the economy. Investors now have less interest in what drove business during a strong bull market in recent years, including during the pandemic, and are now pushing more money toward safer pockets of the market, including staples like Campbell Soup,…

eBay is expanding its authentication services to include single graded trading cards over $2,000, the company announced today. The company is partnering with third-party trading card authentication and grading service Professional Sports Authenticator (PSA) for the expanded service. eBay’s Authenticity Guarantee already includes sneakers sold for over $100, watches sold for over $2,000, and handbags sold for over $500. In January, eBay announced it was launching authentication services for ungraded trading cards…