Coinbase Global Inc

5 things to know before the stock market opens Tuesday, June 14

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5 things to know before the stock market opens Tuesday, June 14

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise after S&P 500 officially closed in bear market Traders on the floor of the NYSE, June 13, 2022. Source: NYSE U.S. stock futures bounced after Tuesday’s cooler inflation report and what could … Read more

Coinbase lays off 18% as execs prepare for recession, ‘crypto winter’

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Coinbase lays off 18% as execs prepare for recession, 'crypto winter'

Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according to an email sent to employees Tuesday morning. Coinbase has roughly 5,000 full-time workers, translating to a head count reduction of around 1,100 people. Shares of … Read more