Uber, DoorDash, Spirit, Altria and more

Check out the companies making headlines before the bell: Uber (UBER), DoorDash (DASH) – Uber fell 3.1% in the premarket while DoorDash tumbled 7.5%, following the news that Amazon (AMZN) struck a deal to add membership in rival food delivery service Grubhub as a free benefit for its ” Prime “members. Amazon’s deal also gives … Read more

Atlantic Equities downgrades Coinbase on crypto price and volume collapse, risk of further turmoil

Now is not the time to buy Coinbase as cryptocurrency prices remain volatile and risks of further collapse in the space continue to rise, Atlantic Equities says. “We have incremental concerns about the company’s ability to attract talent longer-term, as well as competitive concerns regarding the spread of misinformation about the company’s financial strength and … Read more

Crypto lender Nexo offers to buy embattled rival Vauld

Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market. Nexo said Tuesday it had signed a term sheet with Vauld giving it … Read more

Apple, FedEx, Coinbase, Honeywell, Micron

Here are Wall Street’s biggest calls on Friday: Berenberg downgrades FedEx to hold from buy Berenberg said FedEx is “too much” of a “show me” story. “However, with near-term earnings risks now mounting and mixed prospects for the execution of the strategic review, we think the shares may pause for breath until the macroeconomic outlook … Read more

Bitcoin just had its worst month in more than a year

Bitcoin just finished its worst month since May 2021, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world’s second biggest cryptocurrency by market capitalization, ended the same period down by about 47%. Though weakness in the digital assets sector is part of a broader flight from risk, confidence … Read more

Tesla, Coinbase, Nio, Disney, Netflix

Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Disney as overweight Morgan Stanley lowered its price target on Disney to $ 125 per share from $ 170, but said the stock is “attractive” at current levels. “Down 40% YTD and below its pre Disney Plus launch share price, we see an attractive … Read more

Coinbase seeks Europe licenses in bid to expand growth outside U.S.

Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase is seeking licenses with various countries in Europe as part of an aggressive expansion in the region. The exchange already has an active presence in the UK, Ireland and Germany, but wants to … Read more

Crypto is not replacing the U.S. dollar, Bitfury CEO Brian Brooks says

Crypto prices should be viewed more like internet stocks than currency, said Brian Brooks, the former US Acting Comptroller of the Currency during the Trump Administration. The biggest misunderstanding around cryptocurrencies is that if they’re “not doing a great job of replacing the US dollar, then crypto is failing in its mission,” Brooks, now the … Read more

Pros say these stocks have stabilized

Market Movers rounds up the best trades from investors and analysts on CNBC throughout the day. The major indexes traded flat Monday after capping off last week with a rare strong finish. The pros said they are looking to the tech sector for their next moves. Nike, which reported earnings after the market closed, is … Read more

Coinbase, Spirit Airlines, Robinhood and more

Check out the companies making headlines in midday trading. Spirit Airlines – The budget airline’s shares fell more than 7% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its offer by $ 2 … Read more