Latest Market News

Nov 03
Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers

Australian and U.S. digital asset lawyers told Cointelegraph that by and large, the words on their own as “pretty useless.” 987 Total views 72 Total shares Crypto influencers may need to practice what they preach and “do their own research” when it comes to sharing their crypto tips. According to several digital asset lawyers, the […]

Nov 02
Coinbase chief product officer to step down as company reorganizes business

Coinbase Global Inc. COIN, -4.08% disclosed Wednesday that its chief product officer, Surojit Chatterjee, will step down from that position as of Nov. 30, though he will stay in an advisory role at Coinbase at least through Feb. 3, 2023. The change was “mutually agreed” upon by both Chatterjee and the company, according to a […]

Nov 02
Altice USA stock falls as results miss expectations amid ‘macroeconomic pressures’

Shares of Altice USA Inc. ATUS, -6.57% fell after hours on Wednesday, after the broadband and video-services provider reported third-quarter results that missed expectations. The company, whose offerings are available largely in the New York metropolitan area and in the south-central U.S., reported net income of $97.6 million, or 19 cents a share, compared with […]

Nov 02
Lumen Technologies stock drops 14% after Q3 earnings, sales miss

Shares of Lumen Technologies Inc. LUMN, -5.11% fell more than 13% in the extended session Wednesday after the telecommunications company reported a quarterly miss. Lumen earned $578 million, or 57 cents a share, compared with $544 million, or 51 cents a share, in the third quarter of 2021. Excluding one-time items, Lumen earned 14 cents […]

Nov 02
Vimeo stock rises after earnings as outlook calls for narrower loss than was previously forecast

Shares of Vimeo Inc. VMEO, -9.73% were up more than 10% in after-hours trading Wednesday after the maker of video tools forecast a narrower-than-expected loss for the year. The company notched a net loss of $21.4 million, or 13 cents a share, compared with a loss of $11.7 million, or 7 cents a share, in […]

Nov 02
Sinclair Broadcast stock falls after double downgrade warns of ‘multiple pressures’

Shares of Sinclair Broadcast Group Inc. SBGI, -2.87% were down 3% in after-hours trading Wednesday after Wells Fargo analyst Steven Cahall double-downgraded the broadcast company’s stock, lowering his rating to underweight from overweight and nearly halving his price target to $16 from a prior $30. The company “faces multiple pressures that we think are greater […]