Kate Spade owner Tapestry beat analyst expectations Thursday and raised its annual profit forecast, a day after Capri’s disappointing third quarter earnings.
Category: Finance News
Coinbase shares fall as SEC takes crypto staking action against Kraken
Coinbase shares fell after SEC action against rival Kraken, and from prior comments from CEO Brian Armstrong on the dangers of restricting crypto staking.
Iconic Kobe Bryant jersey sells for record $5.8 million at auction
The jersey worn by the late basketball star during 25 games of his 2007-2008 season is now the most expensive Kobe Bryant item ever sold at auction.
Crypto exchange Kraken settles with SEC for $30 million, will close U.S. staking operation
Crypto exchange Kraken will settle with the SEC for $30 million and close its staking operation, which the SEC alleged was an unregistered offering.
Yahoo to lay off 20% of staff by year-end, beginning this week
Yahoo will lay off more than 20% of staff, or around 1,600 workers, with the company’s Yahoo for Business being slashed in half, the company said.
Stocks making the biggest moves midday: Sonos, Salesforce, Disney, Credit Suisse and more
These are the stocks posting the largest moves in midday trading.
Tether records surprise profit as stablecoin giant aims to put reserve controversy behind it
Tether on Thursday said it generated $700 million of profit in the December quarter, which the firm has used to boost its reserves.
Wall Street’s frozen IPO market is thawing as companies take advantage of stock rally
Wall Street’s so-called IPO window, allowing companies to readily tap investors for new stock, has been mostly shut for the past year.
Rollovers from a 401(k) plan to an IRA: Weigh these 7 factors first
A rollover may sound like a simple task. But there are many pros and cons to consider, and mistakes can be costly.
Median rents in Manhattan hit a record in January
CNBC’s Robert Frank reports on rent prices in Manhattan.