Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) jumped 7.8% in the morning session after stocks rebounded, following a broad-based sell-off the previous day. The Nasdaq was down 4%, while the S&P fell 2.7% as concerns over the ongoing trade war continued to spread. While those concerns haven't exactly disappeared, it's likely some investors looked to take positions in some of the beaten-down stocks, especially some of the high-quality names that got caught up in the sell-off.
Wall Street's souring view on the US stock market isn't just about the economy — it's about AI too
As economic uncertainty has spawned a stock market sell-off, one of investors' favorite trades of the past two years is going through its own rerating of expectations.
Explainer: What's a recession and why is rising anxiety about it roiling markets?
Stock markets are plunging, consumers and businesses have started to sour on the economy, and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession. Many business executives were optimistic that President Donald Trump would cut taxes and pursue deregulation, which they expected would bolster growth. Instead, Trump has aggressively implemented tariffs — and tariff threats — against the United States' largest trading partners.
Southwest Airlines to End Oil Hedge That Once Saved It Billions
(Bloomberg) -- Southwest Airlines Co. will end its long-held policy of hedging against swings in fuel prices, marking a pullback of one of the few remaining US carriers that are active in the oil derivatives market.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsWhere New York City's Zoning Reform Will Add HousingElectric Construction Equipment Promises a Quiet RevolutionInside the ‘Not Architecture’ of High Line
Paraguay Is Only Waiting for Crypto Law: El Salvador’s Top Crypto Regulator
“From my perspective, Paraguay seems to have the groundwork laid for supervision, regulation, and taxation regimes," said CNAD President Juan Carlos Reyes.
Vivek Ramaswamy says Bitcoin is key to American freedom
Encouraging its adoption as a strategic reserve, Vivek Ramaswamy sees Bitcoin as essential to U.S. invention and freedom.
Why Expedia Group and Other Travel Stocks Are Sinking Tuesday
Demand Warning From Airlines Hits Booking, Hotel, Cruise Stocks
Safe Harbor pursues reverse stock split to avoid Nasdaq delisting
The marijuana fintech's stock price has fallen in recent months amid regulatory uncertainty for cannabis financial services.
Verizon Stock Slumps After Warning of Soft Subscriber Growth
Verizon shares dropped Tuesday after the company warned it could see soft subscriber growth after a "challenging" quarter.
Ethereum L2 Starknet Seeks 'Bitcoin's DeFi Take-Off Moment' With BTC Wallet Xverse
The aim is to provide a Bitcoin DeFi experience using trust assumptions as the next big thing to zero-knowledge proofs until such a time that OP_CAT is adopted