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Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year. According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from

CNBC’s Jim Cramer on Thursday questioned “are prices real” on Wall Street anymore, as he exasperatingly tried to explain GameStop‘s rally of as much as 175% over the past two days. “I think the average American right now is trying to figure out how do I find a stock that triples,” Cramer said. “‘Forget what

Pavlo Gonchar | LightRocket | Getty Images Robinhood fired back at Berkshire Hathaway vice chairman Charlie Munger, who earlier this week said the free-trading app was having a “regrettable” impact on investors. The longtime business partner of Warren Buffett on Wednesday addressed the running controversy over Robinhood and similar applications, noting dangers from the allure

Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year during which the billionaire investor shied away from game-changing acquisitions in a pricey market even after a sudden market cash and as his company holds a massive cash balance. Gerald Miller | CNBC This is

A sign outside of a facility occupied by TreeHouse Foods in Brantford, Ontario, Canada. Kristoffer Tripplaar | SIPA USA | AP Company: TreeHouse Foods Inc. (THS) TreeHouse Foods Inc. of Oak Brook, Illinois manufactures consumer packaged food and beverages, including a range of shelf-stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad

Traders work on the floor of the New York Stock Exchange. NYSE Bonds have been shunned by many investors as rock bottom rates made them unattractive relative to equities. On Thursday, the bond market may have gained an upper hand in the eyes of some investors. The 10-year Treasury yield jumped 9 basis points to

Longtime trader Art Cashin told CNBC on Friday that investors should brace themselves for a period of stock market volatility as Wall Street digests rising bond yields. “You have to be very careful. There is a fine line. If the market begins to believe that the Fed has somehow lost control of where the bond

An artist’s illustration of the difference in size between the company’s Terran 1 rocket, to the left, and the planned Terran R rocket. Relativity Space Relativity Space, the 3D-printing rocket builder, is making another big bet: Developing a fully reusable rocket, designed to match the power and capability of SpaceX’s workhorse Falcon 9 rockets. Called

Mentions of GameStop increased on Reddit days before shares of the video-game retailer took off again, according to Justin Zhen, co-founder of Thinknum, a tech firm that compiles alternative data sets for investors. “In the last 24 hours, we saw the number of occurrences of mentions for GameStop spike. It actually started spiking about four

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters Stock investors are trying desperately to interpret what a rise in bond yields means for the stock market. Since February 10th,

Avishek Das | LightRocket | Getty Images Robinhood is recovering from weeks of customer backlash, and a public grilling by Congress over the GameStop controversy. Despite that, the trading app’s user growth, brand recognition and valuation appear to be stronger than ever. Demand for Robinhood shares in private markets is surging. The start-up likely benefitted

A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters Shares of GameStop surged more than 90% in afternoon trading on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up. GameStop announced Wednesday that its chief financial officer Jim Bell will resign on March 26. “Mr. Bell’s

Pavlo Gonchar | LightRocket | Getty Images The firm that provides clearing and settlement services for brokers proposed shortening the time it takes to settle a trade, amid the GameStop controversy that caused brokerages like Robinhood to restrict trading. The Depository Trust & Clearing Corporation, or DTCC, outlined what a T+1, or one-day settlement period,

Rocket 3.2 launches from Kodiak, Alaska. Astra / John Kraus Rocket builder Astra is preparing to go public in the second quarter, taking on a crowded field of competitors while aiming for daily deliveries to space by 2025. CEO Chris Kemp spoke to CNBC this month about the company’s plans for its upcoming cash infusion.

Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was halted multiple times during the last half hour of trading, before ultimately finishing the

Cathy Wood Crystal Mercedes | CNBC Some called it the “Cathie Wood sell-off.”   At the open Tuesday, the top names owned by Ark Investment Management were the biggest decliners in the market.  Shares of Palantir, Tesla, Roku, Square, Paypal, Teladoc, Baidu, Zillow, Shopify and Spotify were all down big, in many cases by double-digits.  All

Janet Yellen, U.S. President-elect Joe Biden’s nominee to be treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. Leah Millis | Reuters Treasury Secretary Janet Yellen issued a warning Monday about the dangers that bitcoin poses both

An image from the video taken by multiple cameras as NASA’s Perseverance rover landed on Mars on Feb. 18, 2021. NASA/JPL-Caltech NASA on Monday released first-of-its-kind video of a spacecraft landing on another planet, as multiple cameras captured its Perseverance rover touching down on the surface of Mars. The U.S. space agency landed Perseverance on

Pavlo Gonchar | LightRocket | Getty Images Hedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021. Last month, an army of retail investors who coordinated on social media managed to push GameStop shares up 400% in

Adam Jeffery | CNBC After experiencing unusually broad market momentum since November, stocks are overdue for a lengthy pause or a correction. Stock picking will matter from here as the economic reopening determines different winners and losers. According to a team of J.P. Morgan strategists, “it wouldn’t be surprising to witness consolidation” given the current