Coinbase's stock fell Thursday after disclosing that cyber attackers had stolen sensitive customer data and threatened to publish it unless the company paid a $20 million ransom.
The company’s boss said criminals had bribed some of its customer service agents who live outside the US to hand over personal data on customers.
Investing.com -- In its 10-Q filing today, CoreWeave (NASDAQ:CRWV) disclosed that in May 2025 it entered into an additional cloud computing agreement with OpenAI worth up to $4 billion. The commitment goes through April 2029.
Jason Snipe, appearing on CNBC yesterday, said that he “really likes” the recent rally by Amazon.com, Inc. (AMZN) stock. The longtime investor listed multiple other reasons for his bullishness on Amazon.com, Inc. (AMZN). Snipe is the Principal of Odyssey Capital Advisors. Other Reasons That Snipe Is Upbeat on Amazon.com, Inc. (AMZN) Snipe indicated that AMZN […]
The stock market was rising on Thursday without help from the Magnificent Seven stocks. The S&P 500 was up 0.3%; 350 of its member stocks were on the rise. The Invesco S&P 500 Equal Weight ETF, which gives us a look at the index if every stock had the same pull regardless of market cap, was up 0.
New alleged DOJ probe builds on February upcoding investigation
Shares of footwear and apparel retailer Foot Locker (NYSE:FL) jumped 85.2% in the morning session after the company agreed to be acquired by DICK'S for an equity value of approximately $2.4 billion (enterprise value of $2.5 billion). The offer of $24 per share in cash or 0.1168 shares of DICK'S stock represented a substantial 66% premium over Foot Locker's average trading price for the previous 60 days.
Chancellor Rachel Reeves said the first quarter growth shows ‘the strength and potential of the UK economy’, as markets rose on Thursday.
Cisco (CSCO) is scheduled to report results of its fiscal third quarter after the market closes on May 14 with a conference call scheduled for 4:30 pm ET. What to watch for: GUIDANCE: Along with its last report, Cisco guided for Q3 adjusted earnings per share of 90c-92c on revenue of $13.9B-$14.1B. At the time, analysts were expecting the company to report Q3 EPS of 90c on revenue of $13.88B, but those figures have since risen to 92c and $14.06B. BUYBACK/DIVIDEND: Cisco also announced with itts
Shares of networking technology giant Cisco (NASDAQ:CSCO) jumped 6.7% in the morning session after the company reported impressive first quarter 2025 (fiscal Q3) results which beat analysts' sales and earnings estimates. In addition, Cisco increased its EPS guidance for the next quarter. The main story here was the steady growth, with revenue up 11% thanks to strong demand for AI and security products. On the other hand, its EBITDA missed, but this print still had some key positives.