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Coinbase had over $1 billion in quarterly profit after crypto-trading explosion. But costs are rising too.

A boom in crypto trading during the first quarter led cryptocurrency exchange Coinbase Global to a dramatic reversal of fortunes from the prior year, but the company warned of “elevated expenses” in the second quarter as it tries to handle the flood.

Fri May 3, 2024 07:31
RBA’s policy options are running short, says JBWere

With inflation proving sticky, the Reserve Bank of Australia doesn’t have the option of simply holding interest rates higher for longer, with further increases now looking likely, a leading forecaster says.

Fri May 3, 2024 07:31
Forget AI. Apple’s plan to restore confidence is a $110 billion stock buyback.

It’s been a rough year, but Apple shows confidence in itself and investors approve — for now.

Fri May 3, 2024 04:31
Fortinet’s stock falls 8% after cybersecurity company’s quarterly billings drop

Shares of Fortinet Inc. fell 8% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and guidance that went beyond Wall Street forecasts, but billings were slightly off the mark.

Fri May 3, 2024 04:31
Amgen ‘very encouraged’ by preliminary data from weight-loss-drug trial, as stock jumps

Shares of Amgen Inc. rallied in the extended session Thursday after the drug maker posted adjusted earnings above expectations and executives said they are “very encouraged” by preliminary data from a trial of an injectable weight-loss drug.

Fri May 3, 2024 03:27
Cloudflare’s stock is sinking after revenue outlook disappoints investors

Cloudflare Inc.’s stock was free-falling in extended trading Thursday, following a quarterly report that was largely in line with analyst estimates but included a revenue outlook that fell short.

Fri May 3, 2024 03:27

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