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Coinbase Stock Soars 10.5% as Crypto Rally Lifts Exchange's Valuation
Coinbase shares surged 10.5% to $193.36, valuing the exchange at $51B. Despite a 22% drop in transaction revenue, a crypto rally and record market share fueled gains.
Bitcoin Breaks $80K as Spot Demand Takes the Lead
Bitcoin surged 4.8% past $80,000 on Thursday as spot demand drove gains. U.S. spot funds saw net inflows of $101.1 million, while futures leverage remained subdued.
Retirement Balances Hit Record but Trail Stock Market Gains
Fidelity reports average 401(k) balances rose to a record $155,800 in Q2 2026, a 10.5% increase, yet still trailed the S&P 500's 15.2% surge.
XRP Surges 10% as Institutional Demand Shifts to Regulated Venues
XRP rallied 10% to $1.4641, driven by $170M in ETF inflows and a rise in CME futures market share, indicating a pivot to regulated investment channels.
American Airlines Stock Slips 0.7% Despite Record Revenue as Fuel Costs Soar
American Airlines shares dipped 0.7% despite record revenue as fuel costs surged 83.3%, pressuring margins. Q3 guidance points to losses.
Nvidia Soars on $12.93B Hugging Face Deal, Signals AI Strategy Shift
Nvidia (NVDA) shares gained 1.4% after announcing a $12.93 billion acquisition of Hugging Face, valuing the AI startup at 86 times annualized revenue.
Sony Slips on $84.99 GTA VI Controller, Hardware Weakness Persists
Sony shares dropped 0.6% after announcing an $84.99 GTA VI controller. Hardware sales fell 10.5% in Q1, but network services revenue rose 20.8%, highlighting a shift to software and services.
Alstom Shares Jump 3.8% on C$4.7B Canadian Rail Order
Alstom shares climbed 3.8% after Canada awarded the company a C$4.7 billion contract for 313 rail cars, boosting quarterly order intake by 14.3%.
UK Gas Prices Split: Short-Term Falls, Winter Contracts Surge
UK gas prices diverged: day-ahead fell 2.1% to 176.80p, Winter 2027 climbed 2.5% on storage worries. EU storage 18.2% below average. Ofgem raises cap 4%.
Robinhood Stock Soars 15.7% as Trading Volume Hits Record High
Robinhood (HOOD) surged 15.7% after trading volume exceeded its full-day average by mid-morning, driven by a blockchain revenue record and analyst buy ratings.