Finance

In this article BUSD.CM= BNB.CM= Follow your favorite stocksCREATE FREE ACCOUNT Chad Cascarilla, CEO of Paxos. Adam Jeffery | CNBC Cryptocurrency firm Paxos will cease issuing new Binance USD, or BUSD, stablecoins under the direction of New York state’s financial regulator, Binance founder Changpeng Zhao said Monday. Paxos’ own stablecoin was not impacted. The New

Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images BEIJING — Geely-backed electric car brand Zeekr said Monday it’s now valued at $13 billion after a $750 million raise from Chinese battery giant CATL and others. Zeekr

In this article CRM SONO MGM WYNN DIS MAT AFRM TSLA LCID Follow your favorite stocksCREATE FREE ACCOUNT Customers view merchandise in an experience room at the Sonos store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sonos — Shares surged about 16.5% after

In this article NET YELP MSI PYPL LYFT EXPE Follow your favorite stocksCREATE FREE ACCOUNT A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S.,

A handful of Chinese companies are starting to list again in the U.S. Eduardo MunozAlvarez | Corbis News | Getty Images BEIJING — Chinese startups are raising millions of dollars in U.S. stock market listings again, after a dry spell in the once-hot market. Hesai Group, which sells “lidar” tech for self-driving cars, listed on

In this article LYFT SPOT EXPE AFRM VFC YELP MSI Follow your favorite stocksCREATE FREE ACCOUNT Ramin Talaie | Corbis News | Getty Images Check out the companies making headlines in midday trading. Lyft — The ridesharing stock cratered 36.4% after issuing disappointing guidance for its first quarter. Lyft also got hit by a slew

Crypto exchange Kraken will shutter its U.S. cryptocurrency staking operation and pay a $30 million fine to settle an enforcement action alleging it sold unregistered securities, the Securities and Exchange Commission said Thursday. The SEC claims Kraken failed to register the offer and sale of its crypto staking-as-a-service program. U.S. investors had crypto assets worth over

Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty Images Hester Peirce of the Securities and Exchange Commission publicly rebuked her agency’s crypto enforcement, calling it “paternalistic and lazy” and asking if a “hostile” regulator is the

In this article TBLA APO Follow your favorite stocksCREATE FREE ACCOUNT Noah Berger | Bloomberg | Getty Images Yahoo will lay off more than 20% of its workforce by the end of 2023, eliminating 1,000 positions this week alone, the company said in a statement Thursday. Private equity firm Apollo Global Management acquired 90% of

In this article MGM WYNN HOOD TPR TSLA PEP CS Follow your favorite stocksCREATE FREE ACCOUNT CNBC: Coach Store Harry Reid International Airport A Coach store inside Harry Reid International Airport.  Check out the companies making the biggest moves in premarket trading: Tapestry — The company reported adjusted fiscal second-quarter earnings before the bell of

Employees work on an electronics production line on Feb. 2, 2023, at a factory in Longyan, Fujian province in China. China News Service | China News Service | Getty Images BEIJING — For some factories in China, it’s not full steam ahead after the end of zero-Covid. All the factories that U.S. toy maker Basic

In this article LUMN GOOGL UA FTNT Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading Wednesday: Lumen Technologies — Shares fell 20.1% on Wednesday after the cloud network data company reported a fourth-quarter loss of about $3.1 billion. Its earnings guidance

In this article CMG FTNT UBER ENPH TRIP ILMN Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines in premarket trading. Uber said it is “currently responding to a cybersecurity incident” after reports that a hacker compromised its systems. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Uber — The

Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. Zed Jameson | Bloomberg | Getty Images Binance, the world’s largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason

In this article LEG FISV BIDU ZI HTZ SWKS LMT CHGG SG OSH PINS TSN Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines in midday trading Tuesday. Pinterest — Pinterest shares tumbled 5.2% on Tuesday after the image discovery company posted mixed quarterly results. While its adjusted earnings per share of

A screen displays the Hertz logo during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York, November 9, 2021. Brendan McDermid | Reuters Check out the companies making headlines before the bell: Chegg — Shares dropped 22.7% following its earnings report Monday . The company gave first-quarter and full-year

Cameron and Tyler Winklevoss. Adam Jeffery | CNBC Crypto exchange Gemini will contribute up to $100 million in cash, earmarked for its customers, as part of an agreement with bankrupt Genesis Global Capital and parent Digital Currency Group, Genesis’ lawyers said in a court hearing on Monday. The restructuring deal and recovery plan were announced

In this article PYPL DELL ON Follow your favorite stocksCREATE FREE ACCOUNT The PayPal logo displayed on a smartphone screen with a stock market graphic in the background. Omar Marques | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Monday. On Semiconductor — Shares lost 0.6%, closing

In this article TSN PLCE PYPL Follow your favorite stocksCREATE FREE ACCOUNT Tyson food meat products are shown in this photo illustration in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines in premarket trading. Tyson Foods – Shares of the food processing giant suffered a 6% drop in premarket trading after

Chinese telecommunications giant Huawei saw revenue decline in 2021 for the first time on record. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese telecommunications giant Huawei is turning to patents for a lifeline as the company seeks to forge a path forward in advanced chip technology — the prized tech which the U.S. is