Coinbase plans $1 billion convertible-debt deal after stock surge
The cryptocurrency marketplace is headed to Wall Street to raise money through a convertible offering.
The cryptocurrency marketplace is headed to Wall Street to raise money through a convertible offering.
Shares of Allbirds Inc. sank after hours on Tuesday after the footwear maker forecast full-year sales that were below expectations and said it would close some stores.
IBM Corp. on Tuesday notified employees in its marketing and communications division that it’s making cuts, the latest large tech company to trim its payroll.
SoFi’s stock continues to find defenders in the wake of the financial-technology company’s capital-raise announcement last week.
The Houthi attacks on cargo ships in the Red Sea, which started last year, sparked concern about the impact on retailers confronted with increased shipping rates and longer journey times as freight is rerouted from the troubled region.
Stocks trading around the world have trudged to record or near-record highs this year, leaving them vulnerable to a correction once the “sugar high” of excessive investor enthusiasm wears off.
Boeing Co.’s February deliveries does little to ease worries about the jet maker.
The program, relied upon by 6 million students annually, is facing a serious financial shortfall.
Getting to 2% inflation from 3% could be tricky.
‘Companies can certainly hide a lot when you can raise prices. But that’s going to be harder,’ says Craig Sterling, a portfolio manager and head of equity research at Amundi US.
The U.S. House of Representatives is poised to vote Wednesday in favor of a bill that would ban TikTok nationwide if the popular app continues to be controlled by a Chinese parent company.
Economists are growing concerned about the size of the deficit.
Tesla Inc. bears beware: The electric-vehicle giant’s stock has bounced sharply off a 10-month low at a time the charts have been warning that momentum may have already bottomed.
Swiss running-shoe company On Holding AG’s stock fell 14% Tuesday to put it on track for its biggest one-day selloff in almost two years, after the company posted an unexpected loss for the fourth quarter and revenue that fell short of estimates.
The Insurance Institute for Highway Safety found that there was “little evidence” driver-assistance systems are making driving any safer.
Apple likely saw declining iPhone unit shipments over the last three years, but a BofA Securities analyst sees some silver linings.
The U.S. stock market tends to fall on the Monday after the clock loses an hour.
Being a tech employee, especially in Silicon Valley, has rarely been more perilous.