Articles by Sarah Chen
Coinbase CEO's Wealth Plummets Amid Q4 Loss, $500M Stock Sale
Coinbase reported a quarterly loss driven by declining trading volumes, while CEO Brian Armstrong sold more than $500 million in shares over nine months, erasing over $10 billion from his net worth.
Analog Devices Dips After Barclays Upgrade, Eyes Earnings and CPI
Analog Devices shares declined 1.7% to $331.38, pulling back from a recent peak. The drop occurred even as Barclays upgraded the stock, citing potential industrial recovery.
Standard Chartered Partners with B2C2 to Enhance Institutional Crypto Access
Standard Chartered has entered a strategic partnership with crypto market maker B2C2 to expand institutional access to digital assets by connecting clients directly to the bank's payment and settlement infrastructure.
Qualcomm Downgraded by Daiwa Amid Smartphone Memory Supply Concerns
Qualcomm stock declined 1.8% after Daiwa Securities cut its rating to neutral with a $140 target, highlighting DRAM supply issues impacting smartphone demand.
IREN Tumbles 6% Amid Bitcoin Retreat, CPI Jitters Weigh
IREN stock dropped 6.1% to $40.06, underperforming peers as Bitcoin fell 2.7%. Investors reduced risk exposure before Friday's inflation report.
Uber Stock Dips Amid AI Expansion and Robotaxi Launch
Uber Technologies stock declined 0.7% as it debuted a commercial robotaxi service in Abu Dhabi and introduced an AI-powered grocery assistant, amid broader tech sector volatility.
Texas Instruments Retreats as Chip Stocks Slide Ahead of Inflation Data
Texas Instruments shares declined 1.4% to $223.34, reversing earlier gains as semiconductor stocks weakened ahead of key inflation data. The company's planned $7.5 billion acquisition of Silicon Labs remains in focus.
Lam Research Dips Amid Export Settlement, CPI and Applied Materials Results Loom
Lam Research shares declined slightly in volatile trading as the sector digested a major export-control settlement and awaited key inflation data and peer earnings.
Bitcoin Retreats Below $66K Amid ETF Outflows and Platform Concerns
Bitcoin declined below $66,000 Thursday, pressured by significant outflows from U.S. spot ETFs and a withdrawal freeze at crypto firm BlockFills.
Cloudflare Stock Consolidates Near $189 Following Strong Earnings, AI Outlook in Focus
Cloudflare shares held steady near $189 after a post-earnings surge, with investors weighing its AI-driven growth forecast against upcoming U.S. inflation data.
Oracle Shares Dip Despite Securing $88M Air Force Cloud Contract
Oracle stock edged lower despite announcing a major U.S. Air Force cloud contract and a CMS migration deal, as investor focus shifts to inflation data and cloud funding plans.
Palantir Shares Decline Despite Defense Cloud Approval and Airbus Partnership Renewal
Palantir Technologies stock fell 1.3% to $133.85 in Thursday trading, underperforming tech peers. The company secured new U.S. defense cloud authorizations and extended its Airbus Skywise partnership.