Leading U.S. cryptocurrency exchange Coinbase announced it would acquire securities dealer Keystone Capital in a bid to become a fully SEC-regulated broker dealer, the company said Wednesday. “If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority […]
Read moreAlphabet‘s aggressive real estate expansion in the Bay Area was a big topic at its annual shareholders meeting Wednesday, as about 50 picketers protested outside and two shareholders asked questions about how its expansion plans would affect local residents. At issue is the mega-campus Google plans to build in San Jose, which will accommodate 15,000 […]
Read moreShares of Cloudera and MongoDB dropped in extended trading even after the two developers of open-source data software reported better-than-expected first-quarter financials. Cloudera fell as much as 10 percent to $15.50 after hours, while MongoDB declined as much as 5.6 percent to $48.41. The two companies were part of a crop of software vendors founded […]
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Investors betting against Tesla lost more than $1 billion Wednesday as the company’s shares rallied the most in over two years, according to estimates from financial technology firm S3 Partners. Tesla stock closed Wednesday up 9.7 percent at $319.50 per share, meaning investors who sold the stock short lost a collective $1.07 billion in a […]
Read moreCheck out the companies making headlines after the bell: Five Below shares soared more than 17 percent in extended trading. The discount retailer reported first quarter earnings and revenue that surpassed Wall Street expectations, and forecast strong second quarter and full year guidance. Five Below reported earnings of 35 cents on revenue of $296 million […]
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Netflix is hovering near highs after an unstoppable rally this year. A 90 percent run-up has put it at stratospheric heights, says one strategist, but the technicals suggest the sky’s the limit for the tech sector high-flyer. Its massive rally has made for some eye-popping levels on the stock’s chart, Matt Maley, equity strategist at […]
Read moreAt Tesla‘s annual shareholder meeting in Mountain View, California, on Tuesday, co-founder and CEO Elon Musk responded to a question about missed Model 3 production targets with, in part, a story about his childhood. “I think I do have like an issue with, uh, time. It’s been true since…” Musk says, interrupting his own sentence. […]
Read moreDiversity was a hot-button topic at Alphabet’s annual shareholder meeting on Wednesday. Two proposals called for an increase in diversity within the company, though from vastly different perspectives. In an unusual move, a Google engineer presented the first proposal on behalf of Zevin Asset Management. The proposal, which was voted down, called for Alphabet’s executive […]
Read moreThere’s always been this suspicion that Apple — and other gadget makers — purposefully slow down products over time so that you’re forced to buy new ones. This week, with its new iPhone software, Apple showed users that it really isn’t trying to force them to buy a new iPhone instead of hanging on to […]
Read moreAmid the incessant geopolitical tumult coming out of Washington and elsewhere, tech stocks have served as an island to which investors have been able to retreat and earn outsized returns. In fact, there’s an argument to be made that the sector actually has benefited from some of the more prominent headline risks. Tech stands to […]
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