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Coinbase rides bitcoin ETF frenzy to first quarterly profit in 2 years

Coinbase rides bitcoin ETF frenzy to first quarterly profit in 2 years

Coinbase Global (COIN) posted its first quarterly profit in two years as trading surged on a new wave of optimism about digital assets, marking a potential turning point for the largest US cryptocurrency exchange. Investors cheered the news, sending the stock of Coinbase up more than 12% in after-hours trading. The stock is down 5% so far in 2024 as of Thursday’s close but has soared 180% over the last year. Coinbase earned $273 million in profits during the fourth quarter, well above analyst… Source link

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Coinbase is ‘executing brilliantly’: Ark Invest’s Cathie Wood

Coinbase is ‘executing brilliantly’: Ark Invest’s Cathie Wood

Coinbase (COIN) released its fourth quarter report beating expectations with a revenue of $953.8 million. Bitcoin (BTC-USD) regained its $1 trillion market cap on Wednesday for the first time since 2021. With the rise of bitcoin investing with spot bitcoin ETF approval, many on Wall Street are expressing more interest in the digital asset. Ark Invest CEO and CIO Cathie Wood, a vocal advocate of bitcoin, joins Yahoo Finance to give her insight into the crypto markets, Coinbase’s performance,… Source link

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Roku stock tumbles on sliding user revenue in Q4

Roku stock tumbles on sliding user revenue in Q4

Roku, Inc. (ROKU) shares tumble lower in Thursday’s after-hours trading as its average revenue per user dropped by 4% year-over-year in the fourth quarter. The TV and streaming company managed to beat revenue estimates and reach 80 million active user accounts in the last quarter. Yahoo Finance Entertainment Reporter Alexandra Canal breaks down the earnings report and key figures moving the stock. For more expert insight and the latest market action, click here to watch this full episode of… Source link

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‘The Dynasty’: Whether you love the Patriots or hate them, there’s plenty in new documentary for you

‘The Dynasty’: Whether you love the Patriots or hate them, there’s plenty in new documentary for you

  (Via Apple TV+) In retrospect, “The Last Dance” was both the best and the worst thing to happen to the sports documentary genre. On one hand, the behind-the-scenes account of the 1997-98 champion Chicago Bulls was a revelation, a shot of nostalgia for a long-gone era and an appreciation of one of the greatest teams of all time. On the other, it was a highly curated behemoth that convinced every athlete who’d ever made an All-Star team, every team that broke .500, that they deserved… Source link

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Pistons C Isaiah Stewart arrested for punching Suns’ Drew Eubanks in face before Wednesday’s game

Pistons C Isaiah Stewart arrested for punching Suns’ Drew Eubanks in face before Wednesday’s game

Isaiah Stewart has been dealing with an ankle injury. (Photo by Nic Antaya/Getty Images) A Wednesday game between the Detroit Pistons and Phoenix Suns had more pregame action than usual. Pistons center Isaiah Stewart punched Suns reserve Drew Eubanks in the face during an altercation in the back tunnels of Footprint Center and was later arrested for assault. The two were reportedly chest-to-chest when Stewart took a swing that connected with Eubanks’ mouth. Police reportedly had to get involved… Source link

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Kerr in disbelief over Klay’s late intentional foul vs. Clippers

Kerr in disbelief over Klay’s late intentional foul vs. Clippers

Kerr in disbelief over Klay’s late intentional foul vs. Clippers originally appeared on NBC Sports Bay Area The Warriors blew a double-digit lead to the Los Angeles Clippers in the fourth quarter of their 130-125 loss on Wednesday night at Chase Center, but Golden State still had a chance to win it with one minute left to play. With 39 seconds left in the one-possession game, however, with Golden State trailing 126-123 following a corner three from Brandin Podziemski, veteran guard Klay… Source link

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Chiefs and other NFL players send prayers after shooting derails Super Bowl parade

Chiefs and other NFL players send prayers after shooting derails Super Bowl parade

No members of the Chiefs organization was hurt in the mass shooting at their Super Bowl parade. (AP Photo/Reed Hoffmann) Kansas City’s day of celebration was turned into a tragedy Wednesday when a mass shooting derailed the Chief’s Super Bowl parade. As of Wednesday afternoon, two suspects are in custody with one person confirmed dead and 22 other people injured by gunshots. Per KMBC’s Mat Flener, 11 of the 12 patients at Kansas City’s Children’s Mercy hospital were children, nine with… Source link

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Yahoo Sports AM: NBA MVP race

Yahoo Sports AM: NBA MVP race

We hope you enjoy this edition of Yahoo Sports AM, our daily newsletter that keeps you up to date on all things sports. Sign up here to get it delivered to your inbox every weekday morning. 🚨 Headlines 🏈 Chiefs parade: Over 500,000 people are expected to attend today’s Super Bowl parade in downtown Kansas City. The city and the team have each chipped in around $1 million for what should be a raucous celebration. 🏀 ‘Cuse stuns UNC: Judah Mintz (25 points) and Syracuse upset No. 7 UNC, Source link

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House GOP Impeaches DHS Secretary Alejandro Mayorkas — Just To Help Trump

House GOP Impeaches DHS Secretary Alejandro Mayorkas — Just To Help Trump

House Republicans voted Tuesday to impeach Homeland Security Secretary Alejandro Mayorkas ― not for any legitimate reason, but because they really want to help Donald Trump look tough on immigration issues ahead of the November presidential election. The final vote was 214 to 213. A handful of Republicans joined all Democrats in opposing the effort: Reps. Ken Buck (Colo.), Tom McClintock (Calif.) and Mike Gallagher (Wis.). The only other time Congress has impeached a cabinet secretary was in… Source link

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Kyle Shanahan stands by OT decision in 49ers’ Super Bowl loss, defends track record in big games

Kyle Shanahan stands by OT decision in 49ers’ Super Bowl loss, defends track record in big games

Two days removed from losing Super Bowl LVIII to the Kansas City Chiefs, San Francisco 49ers head coach Kyle Shanahan sat at a podium with general manager John Lynch on Tuesday and addressed reporters. The 44-year-old was quick to rebuff a specific question about the game, saying he hasn’t had a chance to watch film from the loss. Instead, he spent time watching Netflix’s “Griselda” with his family to distract himself from the victory that was almost in his grasp. That didn’t stop him from… Source link

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