Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors

Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities...

Carvana laying off 12% of workforce, execs to forego salaries for rest of year

DETROIT — Online automotive retailer Carvana Co. says it’s letting go about 2,500 workers, roughly 12% of its workforce, as it tries to bring staffing and expenses in line with sales. The Phoenix comp...

Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%

Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypt...

Coinbase Stock Keeps Sliding After Earnings Report

The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. COIN -1...

Coinbase Earnings Reveal Large Loss, Sink Stock

Text size Coinbase reported a loss of $1.98 a share on sales of $1.165 billion. Michael Nagle/Bloomberg Coinbase Global stock was tumbling after the Bitcoin broker reported a larger-than-expected loss...

SoFi tops expectations with latest earnings, gives mixed outlook

SoFi Technologies Inc. topped expectations with its latest results Tuesday but delivered a mixed forecast in an earnings report that came out several hours before it was officially expected. SoFi SOFI...

Unity Software Earnings Met Estimates. Why the Stock Is Cratering.

Text size Unity stock was dropping after its earnings release. Dreamstime Unity Software stock was tumbling after the videogame development platform’s earnings met analyst expectations but its sales a...

Billionaire Michael Saylor Tries to Reassure as His Bitcoin Bet Falters

The ongoing crypto market crash is a big test for bitcoin evangelists like Michael Saylor.  Prices for the king of cryptocurrencies have plummeted from $69,044.77 in November to around $31,000 current...

Opinion: Keep calm — there’s no recession on the way. These 13 stocks may rise as investors figure this out

A so-called hard landing of the U.S. economy is not going to happen. It’s a false fear. We may have a bumpy landing, but the odds of hard landing — a possible recession — are low for the reasons below...

WWE looks to boost sponsorship revenue as live events return, media deal expires

Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2...

More Bad Times Ahead for These 6 Big Tech Stocks

Text size Amazon stock is down 35% this year. Sebastien Bozon/AFP via Getty Images Not even the high and mighty are immune from the gravitational forces of bear markets. That is the dilemma facing the...

Tesla, Nvidia, and 10 Other Beaten-Up Stocks That Look Like Opportunities

Nvidia qualifies as a growth stock. It trades for about 30 times estimated 2022 earnings. Dreamstime Text size Stocks are struggling. Everything is going down, even stocks with improving outlooks. But...

These two subsectors of technology are trading at a discount to S&P 500

The ongoing sell-off in technology has created ample opportunities for investors, particularly in software and semiconductors, both of which are trading at a discount to the S&P 500. Paul Hickey d...

Netflix ads, password crackdown expected as early as this year, source says

Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021. Brian Losness ...

Ken Griffin wins $8 million Bezos spaceflight auction, donating seats

Ken Griffin, Founder and CEO, Citadel (L) and Blue Origin New Shepard rocket lifts off (R) Reuters Ken Griffin, billionaire founder and CEO of hedge fund Citadel, placed the winning $8 million bid in ...

Visa crypto executive leaves for Softbank-backed start-up DriveWealth

Terry Angelos, Visa’s global head of fintech and crypto. DriveWealth One of Visa‘s top executives is leaving the payments giant for a brokerage technology start-up, CNBC has learned. Terry...

How Plugin’s Blockchain Technology Helps Industries Adapt To Climate Change

With the growing threat of climate change, many industries need precise weather forecasting every hour. Plugin’s blockchain solution provides decentralized, verifiable weather data. Problems with exis...

Bitcoin (BTC) investors panic as terraUSD (UST) sinks below $1 peg

Bitcoin is now down 50% from its November all-time highs. Artur Widak | Nurphoto | Getty Images Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its i...

Virgin Orbit assembling fleet of 747 jets to launch more rockets

The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Virgin Orbit is assembling a fle...

How Apple Stock Could Save the S&P 500 From a Bear Market

Text size Apple has outperformed the S&P 500 for the entire year. Michael M. Santiago/Getty Images The S&P 500 looks like it can fall into bear market territory. There is a good chance that wo...

Liquid NFT: Next-Gen Bitcoin Mining Technology At Your Fingertips

The world of cryptocurrency has always been, and will always be one which welcomes improvements, changes for the better and of course embraces the growth and implementation of cutting edge technologie...

Apple and Amazon Have Fallen for 6 Straight Weeks. There Could Be More Pain Ahead.

Text size People visit the Apple Store in Grand Central Station in New York. Michael M. Santiago/Getty Images Apple and Amazon.com kicked off the second week of May looking as if the stocks would exte...

Upstart stock plunges 46% after earnings as company cuts outlook

Shares of Upstart Holdings Inc. plunged 46% in after-hours trading Monday after the company cut its forecast for the full year, warning that the current macroeconomic climate is expected to weigh on l...

Retirees Face a Whirlwind Market. Here’s What Advisors Say They Should Do.

Given market conditions, retirees can be forgiven if they feel that investing right now is akin to running with scissors. Risks and uncertainties abound: spiking inflation, Federal Reserve rate hikes ...

Coinbase shares plunge almost 80% from November high, amid selloffs of crypto stocks and funds

Shares of crypto-related companies and funds ended sharply lower Monday, with Coinbase’s shares finishing at the lowest level in history, as both bitcoin and major U.S. stock indexes finished at multi...

GoodRx stock tanks after company says it’s unlikely to achieve 2022 outlook amid issue with grocery chain

Shares of GoodRx Holdings Inc. sank in after-hours trading Monday after the company, which offers tools that help consumers compare drug prices, exceeded expectations with its March-quarter results bu...

Palantir stock plunges to all-time low after earnings, forecast miss

Executives at Palantir Technologies Inc. see the software company as strongly positioned for the current uncertain environment, but shares were tanking on Monday after the company delivered a mixed ea...

Mark Cuban: ‘Crypto is going through the lull that the internet went through’

Billionaire entrepreneur Mark Cuban thinks that cryptocurrency is on the same downswing that tech and internet companies hit in the early 2000s. Bitcoin hit a 10-month low as U,S. stocks continued to ...

Innovative Manufacturing Requires Workers And Machines In Tandem, MIT Professors Say At Symposium

Professor John Hart opening remarks at the Manufacturing at MIT symposium on May 6, 2022. Julie Diop We might be witnessing the dawn of a new industrial era in this decade. Strikingly, it might be des...

ARK Invest’s Cathie Wood Says Crypto Nearing End of Bear Market, Predicts Explosion in Blockchain Technology

ARK Invest founder Cathie Wood says that the increasing correlation between crypto and traditional assets indicates that the bear market will soon be over. In a new video update, Wood says that the bo...

Palantir Earnings and Outlook Fall Short of Estimates. The Stock Plunges.

Text size Palantir guided to a ‘base case’ of $470 million in revenue for the second quarter. Dreamstime Palantir Technologies posted soft first-quarter results, along with June quarter gu...

Virgin Galactic Stock Is Tumbling. Here’s What’s Troubling Analysts.

Text size Truist Securities downgraded Virgin Galactic stock to Hold from Buy. Courtesy Virgin Galactic Virgin Galactic Holdings Virgin Galactic Holdings stock continues to slide on Monday after Truis...