Coinbase stock price continued its freefall this week as the crypto exchange released its financial results. COIN plunged to a low of $141 on Friday, its lowest level since February 2024. It has plunged by 68% from its all-time high. Coinbase business deteriorated in the fourth quarter The COIN stock price remained under pressure after
Kalshi is moving into the sports insurance sector through a partnership with specialist broker Game Point Capital, signalling a shift in how insurers hedge financial exposure tied to sports performance. The regulated prediction market exchange is positioning itself within a fast-growing industry valued at around $9 billion annually and expected to double by 2030. The
US consumer price inflation eased more than expected in January, offering markets some relief, but signs of firm underlying price pressures, along with a strong jobs report has reinforced the view that interest rates are likely to stay unchanged for now. Data from the Labor Department showed consumer prices rose 2.4% in the 12 months
Sam Bankman-Fried has resurfaced on social media with fresh allegations about the conduct of US prosecutors during his criminal trial. The FTX founder claims that new evidence shows officials within the Biden administration’s Department of Justice pressured witnesses, either discouraging them from speaking or pressuring them to alter their testimony. His posts on X come
At the moment, the oil market is riddled with different scenarios, which keep investors on their toes. The prospect of India completely stopping Russian oil imports may lead to market tensions and supply mismatch, according to experts. Moreover, experts argue, Russia would not be able to find alternative buyers if India stops purchasing oil from
US employers added far more jobs than expected in January, delivering a rare upside surprise after months of subdued hiring and easing fears that the labor market was sliding into a prolonged slowdown. Payrolls rose by 130,000 last month, significantly above economists’ expectations, while the unemployment rate edged down to 4.3%, according to government data
Bitcoin, Ether, and XRP are all in the red as the broader cryptocurrency market shed billions in market cap over the last 24 hours. The bearish performance has spread to other leading cryptocurrencies, with Stellar (XLM) down by nearly 2%. XLM is trading below $0.1600 at the time of writing on Wednesday, extending its correction
Gold prices rose more than 1% on Wednesday as a weaker dollar and falling bond yields boosted sentiment. Gold prices climbed back over $5,100 per ounce, while silver rose more than 4% as investors digested key employment data from the US. Meanwhile, oil prices also jumped more than 2%, with Brent hitting $70 per barrel
US equities moved higher on Wednesday after a stronger-than-expected January jobs report eased concerns about slowing economic momentum and reinforced confidence in the resilience of the labour market. The Dow Jones Industrial Average rose 207 points, or about 0.4%. The S&P 500 gained 0.6%, while the Nasdaq Composite advanced 0.8%, as investors responded positively to
Reddit stock (NYSE: RDDT) is once again drawing attention on Wall Street. After spending much of last year under a cloud of doubt over growth and monetisation, the social platform is seeing sentiment turn. This time, the shift is being driven less by hype and more by something investors care deeply about: clear signs that