Stock Market

The biggest U.S. cryptocurrency company has reportedly been valued at billions of dollars and that’s a bullish sign for the industry’s legitimacy, according to former Fortress hedge fund manager Michael Novogratz. Coinbase is negotiating a deal with investment firm Tiger Global that would value it at about $8 billion, technology website Recode and Dow Jones

Check out the companies making headlines after the bell: Stich Fix shares plunged more than 21 percent percent in after-hours trading after the company released a mixed fourth-quarter earnings report. The apparel subscription retailer reported earnings per share of 18 cents, higher than the 4 cents analysts expected. Stitch Fix missed expectations on revenue, reporting

Check out the companies making headlines before the bell: BlackBerry — The communications software maker reported adjusted quarterly profit of 4 cents per share, compared to a consensus estimate of a penny a share, with revenue also beating forecasts. Lowe’s – The home improvement retailer’s stock was upgraded to “buy” from “hold” at SunTrust Robinson

“What are you doing here?” a young engineering student asked Vipin Mayar, the head of artificial intelligence initiatives at Fidelity Investments, at a MIT conference in San Francisco. As Mayar recalled, “They were all just… surprised.” Fidelity executives are getting used to the confused looks and double-takes their company booth draws at Silicon Valley job

Calls for more clarity on cryptocurrency regulation are now coming from Congress, not just bitcoin fanatics. More than a dozen members of the House of Representatives sent a letter to Securities and Exchange Chairman Jay Clayton Friday urging his agency to tell investors, in plain English, how it plans to regulate cryptocurrency. “It is important

Check out the companies making headlines after the bell: Tesla shares fell nearly 12 percent in after-hours trading following news that the Securities and Exchange Commission has sued CEO Elon Musk for fraud. The suit is related to Musk’s August tweet that stated he was “considering taking Tesla private at $420” and already had “funding

Check out the companies making headlines after the bell: Bed Bath & Beyond shares plunged 15 percent in after-hours trading after the company reported second-quarter earnings numbers that missed expectations. The company reported earnings per share of 36 cents, compared to the 50 cents per share expected by analysts. The company reported $2.94 billion in

The cryptocurrency industry has a plea for Congress: Hurry up and regulate, please. More than 50 industry participants gathered on Capitol Hill for a roundtable discussion hosted by Rep. Warren Davidson, R-Ohio, Tuesday. Although attendees varied, none were from anti-establishment groups popular in the cryptocurrency space, nor did they include retail investors who bought bitcoin

Check out the companies making headlines after the bell: CenturyLink shares fell about 4 percent in after-hours trading following news that CFO Sunit Patel has resigned from the telecom company, effective Sept. 28. VP of Finance Neel Dev will act as the interim CFO until a permanent replacement is found. Patel will join T-Mobile US

Check out the companies making headlines before the bell: Micron Technology– Micron reported adjusted quarterly profit of $3.53 per share, beating the consensus estimate of $3.34 a share. The chipmaker’s revenue also topped forecasts, however the stock erased an initial gain after company executives said U.S. tariffs on China goods would impact its financial results

One of the worst performing cryptocurrencies this year is making a comeback. XRP rose more than 80 percent Friday to a high of 77 cents, bringing its gains this week to 185 percent, according to data from CoinMarketCap.com. Its market capitalization jumped to roughly $26.8 billion, surpassing ethereum as the world’s second most valuable cryptocurrency

The Fed is expected to announce a quarter point rate hike Wednesday, and is likely to signal another hike is coming later in the year. The Fed’s actions are unlikely to rock markets, but the focus will be on what kind of message the Fed sends and how hawkish it sounds on the economy and

Starting Monday, investors who have played the momentum in FANG stocks may find some of that juice in a new communications services sector formed by S&P Dow Jones Indices. Three of the four FANG stocks will become part of the new sector, which will replace telecom, as one of the 11 major S&P industry groups.

Check out the companies making headlines after the bell: Tilray stock fell as much as 16 percent in after-hours trading, following a volatile trading day for the Canadian cannabis company. Shares closed up 38 percent, its best day ever as a public company, after surging as much as 90 percent during the day. The stock

Check out the companies making headlines after the bell: Fitbit Inc stock fell nearly 2 percent during post-trading hours. The stock closed up 6.4 percent, after President Donald Trump announced on Monday that the $200 billion tariff on Chinese goods will avoid smartwatch makers and fitness trackers. Tilray Inc stock rose more than 5 percent

China has already warned it would retaliate against new U.S. tariffs with its own tariffs, but it could also decide to use its currency as a weapon, allowing it to weaken against the dollar. Earlier this summer, President Donald Trump had criticized China for intentionally keeping its currency weak. At the time, strategists said it

Fintech may be one of the few industries looking back fondly at what happened to Wall Street after 2008. The chaos and disruption of the credit crisis instilled lack of trust in existing banks and brought on new regulations and the rise of technologies that would allow scrappy Silicon Valley startups to reshape consumer finance.

No real improvement in the trade tensions between the U.S. and China is expected until after mid-term elections. Even with U.S. officials seeking talks with China,President Donald Trump reportedly wants to put tariffs on $200 billion in Chinese goods, and has told aides to go ahead with them, according to Bloomberg, quoting unnamed sources. Treasury

Stocks could be bucking for new highs, even as the market deals with negative cross currents in what historically has been a weak month. The S&P 500 closed out a positive week Friday with a gain of 1.2 percent to 2,904 and is now 12 points away from its all-time high. But traders are perplexed

Check out the companies making headlines after the bell: Sears Holdings stock rose more than 16 percent in after-hours trading after the company released its quarterly earnings report. The company posted its smallest decline in same-store sales, 3.9 percent, in over 3 years. In the prior quarter, same-store sales declined 11.9 percent. Sears posted a

U.S. officials are reportedly seeking a round of high-level talks with China before the next series of tariffs are imposed, but strategists were skeptical the proposed talks will do much to ratchet down trade tensions before the November election. “I think they are genuinely concerned about financial markets reaction of going for tariffs on $200

Check out the companies making headlines after the bell: Sprint stock dipped as much as 1.8 percent in after-hours trading after the Federal Communications Commission released a letter pausing the transaction clock for the proposed merger of Sprint and T-Mobile. “Additional time is necessary to allow for thorough staff and third-party review of newly-submitted and

Check out the companies making headlines after the bell: Sonos stock plunged more than 13 percent in after-hours trading after reporting third-quarter earnings, the company’s first quarterly earnings report since its initial public offering in August. The smart speaker company reported $208 million in revenue, meeting analysts’ expectations. Sonos also reported a loss of 45

August’s surprise jump in wages could be a sign of more wage growth ahead — good news for workers and a green light for the Fed when it comes to interest rates hikes. The workforce expanded by 201,000 in August, 10,000 more than expected, but the big surprise was in the 0.4 percent increase in

Short sellers betting against Tesla made more than half a billion off the stock’s slide on Friday. After a bizarre video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than

Technology stocks had their worst week since March, and they could remain in the crosshairs, particularly if the Trump administration unveils new tariffs on China. Strategists say inflation and trade are two major themes markets will have to navigate in the week ahead, after August’s surprise jump in wage growth and as investors await the

Popular stock-trading platform Robinhood is preparing to go public. The company’s CEO Baiju Bhatt said Thursday that in the “medium to long-term” the company will look to do an initial public offering, or IPO. “It’s something we think is very much in the future. Being a public company closely aligns with our mission,” Bhatt said

Check out the companies making headlines after the bell: DocuSign shares dipped more than 3 percent in the extended session despite a better-than-expected quarterly earnings report. The stock later pared much of those losses. The San Francisco-based company reported earnings of 3 cents per share, higher than the 1 cent per share expected by analysts.

Check out the companies making headlines after the bell: RH shares dropped more than 4 percent after initially rising 6.5 percent during after-hours trading following the release of its second-quarter results. RH missed revenues estimates by $20 million, reporting sales of $641 million versus the $661 million expected by Wall Street. However, it beat earnings

Check out the companies making headlines before the bell: Campbell Soup – Campbell said it would put its international and refrigerated foods businesses up for sale, following a review of its operations. The company also reported adjusted quarterly profit of 25 cents per share, one cent above estimates, but revenue fell below Street forecasts. It