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June 12, 2021

Nasdaq Inc

Coinbase revenue tripled from last quarter as crypto prices skyrocketed

CNBC
CNBC – For more and to sign up click here The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase shares were down about 3%......

Square gets a bitcoin boost with revenue up 266%

CNBC
CNBC – For more and to sign up click here A trader works the floor of the New York Stock Exchange (NYSE) in New York. Yana Paskova | Bloomberg | Getty Images Square shares rose as much as 6% in after hours trading on Thursday after reporting fiscal first-quarter earnings......

PayPal CEO touts ‘next generation digital wallet’ after earnings beat

CNBC
CNBC – For more and to sign up click here The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal shares rose as much as 5.5% in extended trading on Wednesday after reporting first-quarter earnings that were stronger than analysts had......

Stocks making the biggest moves in the premarket: Welbilt, Netflix, Intuitive Surgical & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Verizon (VZ) – Verizon reported quarterly earnings of $1.31 per share, 2 cents a share above estimates. Revenue also beat analysts’ forecasts. Verizon lost more wireless subscribers during......

Concerns over inflationary pressure on earnings will test stocks in the week ahead

CNBC
CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in......

Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says

CNBC
CNBC – For more and to sign up click here London-based online payments company Paysafe is set to begin trading on U.S. public markets after merging with blank-check company Foley Trasimene Acquisition II Corp, billionaire business and sports executive Bill Foley told CNBC Monday. Foley, who set up the special purpose......

British electric vehicle firm Arrival sinks in SPAC debut

CNBC
CNBC – For more and to sign up click here LONDON — British electric vehicle manufacturer Arrival began trading on the Nasdaq Thursday following a merger with a U.S. blank-check company. The company finalized its combination with CIIG Merger Corp, a special purpose acquisition company (SPAC) set up by former......

Robinhood beefs up executive team with Google veteran to lead product ahead of IPO

CNBC
CNBC – For more and to sign up click here Robinhood hires Aparna Chennapragada as first chief product officer Robinhood has hired a top Google executive as its first chief product officer ahead of its upcoming public debut. The trading start-up said Wednesday it will bring on Aparna Chennapragada, who......

Dow futures jump 150 points after Senate passes $1.9 trillion Covid relief bill

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures jumped on Sunday evening as a new stimulus package from Washington headed toward final passage this week. Futures contracts tied to the Dow Jones Industrial......

Buffett cut Apple, Baron trimmed Tesla: Billionaire market lessons on tech and growth stock selling

CNBC
CNBC – For more and to sign up click here If a stock pundit had said at the beginning of 2021 it was time to get out of Tesla and into Exxon Mobil, many investors might have sought another source of market advice. But to an unemotional stock trader, that......

Robinhood chooses the Nasdaq for its IPO, sources say

CNBC
CNBC – For more and to sign up click here Avishek Das | LightRocket | Getty Images This is a developing story. Check back for updates. Robinhood has chosen the Nasdaq for its eventual initial public offering, according to sources familiar with the matter. The company has not yet filed......

The Trade Desk stock drops 20% in two days after Google clarifies ad-tracking policy

CNBC
CNBC – For more and to sign up click here The Trade Desk rings The Nasdaq Stock Market closing bell in celebration of its September 2016 IPO. Source: Nasdaq Ad tech company The Trade Desk stock has dropped 20% since Tuesday’s close, after Google issued its latest guidance Wednesday on......

Robert Johnson: Companies will take hiring Black workers seriously when not doing so hurts their stock

CNBC
CNBC – For more and to sign up click here BET founder Robert Johnson told CNBC on Monday he believes companies will more seriously address racial inequality within their workforces once a failure to do so starts impacting their stock price. “Companies understand return on investment capital. They understand return......

Tesla stock suffers biggest fall since September 2020

CNBC
CNBC – For more and to sign up click here Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Shares of Tesla closed down 8.55% on Monday, as investors......

Cannabis stocks soar as Reddit crowd that spiked GameStop jumps in, Tilray surges 45%

CNBC
CNBC – For more and to sign up click here Shares of a handful of cannabis stocks are surging on Wednesday, the newest set of targets from the Reddit trading community betting on the federal legalization of the plant under the new Democratic administration. Shares of Tilray are up about......

Apple and Tesla earnings, along with the Fed and GDP will drive markets in the week ahead

CNBC
CNBC – For more and to sign up click here A Chinese customer walks by a large screen at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China. Kevin Frayer | Getty Images Stimulus euphoria may be waning, but......

Trading volume is up so far from 2020’s breakneck pace as retail investors get even more active

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the NYSE. NYSE Stock trading volumes are through the roof.  It’s not just equity prices that are hitting new highs in 2021. Trading volumes for stocks and options are at records as well.  “For trading......

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