Good morning. I had the pleasure of hosting more than a dozen executives yesterday in a Fortune CEO roundtable discussion about how their strategies are shifting amid economic uncertainty and global complexity. We kicked things off with former Atlanta Fed president Dennis Lockhart, who outlined the state of the economy and memorably said that it…
A widespread internet outage continues to affect the crypto exchange Coinbase and the online brokerage Robinhood on Monday, among other websites like Snapchat and Hulu. The brief pause in both platforms’ services came after Amazon’s cloud computing arm reported that its services were down in northern Virginia. “We continue to investigate the root cause for…
Good morning. OK, give your ChatGPT prompt window a rest for two seconds, because it’s pop quiz time. The question: What share of U.S. executives and managers—that is, not rank-and-file employees—use unapproved AI tools at work? Make your best guess, then find the answer below in “Endstop triggered.” Today’s tech news follows. Have a wonderful…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The world’s major stock exchanges are sounding the alarm on tokenized stocks, warning regulators that blockchain-based tokens representing company shares create new risks for investors and could undermine market integrity—putting pressure on Coinbase (NASDAQ:COIN) and Robinhood (NASDAQ:HOOD) as…
Coinbase (NASDAQ:COIN) just pulled off a $2.6 billion convertible note offering that’s as bold as it is strategic. The deal includes two tranches of zero-coupon senior notes$1.3 billion due 2029 and $1.3 billion due 2032targeted at institutional buyers. Both sets are convertible into equity at steep premiums: $454.44 for the 2029s (a 52.5% markup) and…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Brian Armstrong, CEO of cryptocurrency exchange Coinbase, recalled on Tuesday a famous quote by Bitcoin (CRYPTO: BTC) creator Satoshi Nakamoto from 15 years ago. What Happened: Armstrong highlighted a quote from the pseudonymous creator from a Bitcointalk forum conversation…
It’s a new week, and a new historical high. The S&P 500 index reached a new all-time high on Friday, marking the third time this week and the sixth time in July that the record has been broken. The market continues to ignore the ongoing tariff escalations (30% tariffs on Mexico and the EU), the…
Crypto briefly soared while the broader markets stagnated Friday after Congress passed a landmark bill for digital assets. The total market capitalization for all cryptocurrencies pushed past $4 trillion for the first time in history before dipping later in the day. But traditional stock indices barely budged. The S&P 500 closed the day essentially flat…
We recently published Jim Cramer Discussed These 10 Stocks & AI-Led Job Growth. Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer recently discussed. Coinbase Global, Inc. (NASDAQ:COIN) is a cryptocurrency exchange that has managed to command a dominant position in the hot Bitcoin market. The firm’s shares have gained 54% year-to-date, particularly…
I’ve covered Coinbase since it was a tiny startup but have never seen anything quite like what the crypto giant rolled out this Wednesday. At a carefully produced stage event in Los Angeles, the company unveiled an app called Base, which is named for Coinbase’s own blockchain, and is billed as a “super app” that…