Tuesday, June 28, 2022

Crypto winter has had a chilling effect on Coinbase and Robinhood

The prices of bitcoin and other top cryptocurrencies have been more than cut in half this year. Now the great crypto crash of 2022 is crushing leading digital asset brokerage firms Coinbase and Robinhood too.
CNN Business: Markets Now
 
  Advertisement
News: What you need to know about the markets
 
 
Crypto winter has had a chilling effect on Coinbase and Robinhood
The prices of bitcoin and other top cryptocurrencies have been more than cut in half this year. Now the great crypto crash of 2022 is crushing leading digital asset brokerage firms Coinbase and Robinhood too. Read more »
 
Top accounting firm fined $100 million after employees cheated on CPA exams
Ernst & Young has been slapped with a record $100 million fine from the US government after regulators discovered that the company knew some of its auditors were cheating on exams for several years and did nothing to stop it. Read more »
 
Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet
Retailers typically want their sales numbers to be red hot, not their customers. But Bed Bath & Beyond is reportedly dealing with cooled momentum and heated customers at its stores. Read more »
 
Russia's last default sparked a crisis. This time is different
This week, Russia defaulted on its foreign debt for the first time since the Bolshevik revolution after it failed to pay interest on two bonds during a 30-day grace period that expired Sunday. Read more »
 
The world's richest nations are banning gold imports from Russia
Some of the world's wealthiest nations are banning the import of Russian gold to further tighten the vise on Russia's economy. Read more »
 
Tencent's biggest shareholder is planning to dump more stock
Tencent's biggest shareholder will reduce its stake in the social media and gaming giant, just over a year after promising it would not sell the stock for three years. Read more »
 
 
 
 
Dow Nasdaq S&P
-491.27   -343.01   -78.56
30,946.99   11,181.54   3,821.55
-1.56%   -2.98%   -2.01%
YTD -14.84%   YTD -28.53%   YTD -19.82%
 
Biggest Winners
Hess Corp +5.57%
 
Occidental Petroleum Corp +4.77%
 
Marathon Oil Corp +4.37%
 
Las Vegas Sands Corp +4.04%
Biggest Losers
Nike Inc -6.99%
 
Bath & Body Works Inc -5.78%
 
Darden Restaurants Inc -5.60%
 
Salesforce Inc -5.43%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $112.02 +2.45 / +2.24%
Gold $1,821.80 -3.00 / -0.16%
10-yr 3.21% +0.01
Euro $1.05 -0.01 / -0.59%
More Markets Now
 
Watch the live digital show, now every Wednesday 12 p.m.
to 12:15 p.m. ET.
Hi, let us know what you
think of this newsletter!
 
Tell us what you want to read more of... and less of.
Email your tips and feedback to MarketsNow@cnn.com
Sign up for
Reliable Sources
newsletter
  Sign up for
Before the Bell
newsletter
 
 
Tips, thoughts or questions are always welcome at
MarketsNow@cnn.com
 
Want to change how you receive these emails?
You can unsubscribe from this list
 
® © 2022 Cable News Network Inc.
A WarnerMedia Company. All Rights Reserved.
You are receiving this message because you subscribed to
CNN Business's "Markets Now" newsletter.

Our Mailing address is:
Cable News Network, Inc.
1 CNN Center
Atlanta, GA 30303
 
                                                 

No comments:

Post a Comment

Your Weekly Recommended Reads

Powered by AI, personalised for you Catch up on key news and analysis from the week gone by with The Business of Fashion's My...