Business

Coinbase loses half its value in a week as crypto slumps

Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump.

Business

Bitcoin falls below $30,000, lowest since July 2021

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation.

Consumer & Gadgets

Wall Street is betting that Microsoft-Activision deal will fail

Activision Blizzard Inc. shareholders approved the company's $69 billion sale to Microsoft Corp on Thursday, but Wall Street is betting that Biden antitrust enforcers could unravel one of the largest mergers in U.S. history.

Business

Amazon reports rare quarterly loss as online shopping slows

Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup.

Business

Shares of Facebook parent Meta soar despite growth slowdown

Facebook parent Meta's first quarter profit and its count of daily users jumped past Wall Street's expectations despite the company's slowest revenue growth since going public a decade ago. Shares were up sharply in after-hours ...

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