Coinbase CEO Brian Armstrong announced today that the exchange was laying off 1,100 employees immediately. This reduces the company’s workforce by 18% not long after reaching more than 2,500. Key Takeaways Coinbase lays off 1,100 employees to cut expenses, citing economic conditions and the rate of growth over the last year. Coinbase grew more than
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Check out the companies making headlines in midday trading. Continental Resources — Shares soared 14% after the shale company announced an all-cash buyout proposal from the family trust of billionaire founder Harold Hamm. Continental Resources said it’s yet to review the offer that would take the company private in a $25.4 billion deal. FedEx —
Recently, I discussed how Costco (NASDAQ:COST) has been handling inflation much better than its peers in the retail sector. To a large extent, the market is aware of this. That’s why COST stock has partially bounced back, after plunging during the mid-May retailer stock selloff. Yet shares have still not made their way back to
These high-yield dividend stocks have enough earnings to cover the dividends and make these stocks secure. The companies have what is known as a low payout ratio — the comparison between the cost of dividends and the company’s earnings. It’s important to pay attention to the payout ratios of dividend stocks before investing. Many times,
If you look at the largest of the large cap stocks, you will notice that all of them serve millions of customers around the world, with diverse product lines and huge revenues. Except one. Tesla (NASDAQ:TSLA). This company, which has the fifth largest market cap in the entire U.S. market, hasn’t even delivered 1 million
The Wall Street Journal analyzed the median pay at S&P 500 companies in 2021. It found that Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) paid out $295,884 in total compensation to its employees. That’s very good news for GOOG stock. How’s that, you might ask? Well, when you’ve got a tight employment market, the last thing you want to do
Take a look at some of the biggest movers in the premarket: Continental Resources (CLR) – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $70 per share “take private” bid from Chairman Harold Hamm and his family. The company’s board will establish an independent committee to evaluate the
Investors looking to scoop up undervalued S&P 500 stocks are in a position to see the recent doldrums as an opportunity. The stock market continues to be in free-fall mode after its most recent selloff pushed the S&P 500 roughly 20% below its record highs. Rising inflation and interest rates have unnerved investors, and a
These six dividend stocks are very attractive because they have yields of over 5%. But they are also good investments, as the companies earn more on a monthly yield basis than the dividends they pay out to shareholders. This latter point is very important. Often business development companies, which are a mix of a lender
Rivian (NASDAQ:RIVN) stock has a very long way to go before it’s worth buying and, at this point, it might be time to get out if you’re holding this embattled EV play. As part of the company’s annual meeting, CEO RJ Scaringe wrote a letter to shareholders. While generally positive in its tone, Scaringe emphasized that
Costco Wholesale (NASDAQ:COST) is a classic example of a stock that many investors got interested in after COST stock saw a dip of around 20% in 2022. The company has consistent profitability, sales growth is strong and free cash flow generation is robust. But is COST stock a buy after reporting a strong third-quarter fiscal-year-2022
Fake asset recovery companies solicit victims of financial scams, promising to recover lost funds for a fee in advance. It sounds good, except for one problem—they do little to nothing to help and disappear with the fee. There are a lot of different scam artists out there who want to take your hard-earned money. Being
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 7, 2022. Brendan McDermid | Reuters U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Average futures
During times of extreme volatility, even the most seasoned investors may struggle to pick safe stocks to buy for the long run. In such periods, it may be inspiring to review the stocks held by the Gates Foundation, which we will refer to as Bill Gates stocks. Established in 2000, the Bill & Melinda Gates
It was more of the same with U.S. stock markets in May, meaning that investors won’t be getting much reprieve from volatility in the near future. Virtually every U.S. stock index has more or less succumbed to bear markets. Hence, investors gravitate towards safe stocks that provide a hedge against troubling market conditions. You invariably
American tech investors tossed Chinese tech stocks like Alibaba Group Holding (NYSE:BABA), JD.com (NASDAQ:JD), and Pinduoduo (NASDAQ:PDD) away months ago. I kept a few Alibaba shares, but their value is down by half. Today, American tech stocks are also in a bear market. Money-losing stocks doing important work like Cloudflare (NYSE:NET) are down by more
In this episode, Preston and Stig discuss the important chapters from billionaire Warren Buffett’s favorite book, The Intelligent Investor. In this episode, you will learn how to think about investing versus speculation, margin of safety, and intrinsic value. For anyone interested in becoming a value investor, The Intelligent Investor is the most important read on
Check out the companies making headlines before the bell: Coinbase (COIN) — Shares of the cryptocurrency exchange sank more than 14% amid the sharp pullback in the prices of bitcoin and other digital assets over the weekend. DocuSign (DOCU) — The software stock extended its losses from Friday in premarket trading, falling more than 5%.
The first few months of 2022 was certainly not the best time to make an entry into growth stocks like Rivian (NASDAQ:RIVN) stock. There are dozens of high-flying names that have plunged by over 50% in the last five months. The correction exposes the companies with weak fundamentals. At the same time, it presents an
The collapse of SoFi Technologies (NASDAQ:SOFI) stock price has gotten so bad it’s starting to look like a cautionary tale. The financial technology (fintech) company that likes to refer to itself as an “online bank” has seen its stock plunge 62% since the start of the year. At just below $6, SOFI stock more than