This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, Oct. 21, 2022 My word-find function has been going into overdrive this earnings season, looking for a few key phrases in earnings-call transcripts: “Foreign exchange.” “Currencies.” “Dollar.” Netflix (NFLX) Chief Financial Officer Spencer Neumann summed it up succinctly in his company’s conference call: “The FX drag is… Source link
Read More »Prime Day is a feast for cybercriminals. Here’s how to avoid them
Amazon (AMZN) is hosting its annual Prime Day event this week. That means you’re likely scouring the e-commerce giant’s site and app for sales on everything from diapers to doorknobs if you pay the annual fee of $14.99 a month or $139 a year to be a Prime member. But Prime Day isn’t only a major event for shoppers. It’s also an opportunity for scammers hoping to exploit the event’s massive popularity to steal Amazon customers’ data. According to Check Point Research, the… Source link
Read More »Coinbase ‘tremendously overvalued’ as fee feast set to end, warns short-selling legend Jim Chanos
Leading U.S. crypto exchange Coinbase is “tremendously overvalued” at current levels, warned short-selling legend Jim Chanos, predicting a collapse in fee income that will send the stock plunging. He told the Crypto Critics Corner podcast that Coinbase still gorges itself on overly favorable retail trading commissions, and his short position is based on an end to the “feasting” it enjoys relative to mature brokers like Charles Schwab. “Coinbase was not a call on crypto prices,”… Source link
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