Skybridge’s Scaramucci on two things that will prop up bitcoin demand

Bitcoin fundamentals are “quite good” in the long term due to factors which will “create a demand shock” for the cryptocurrency, Skybridge Capital’s Anthony Scaramucci said Monday. “Everybody is a long-term investor until they have short term losses,” Scaramucci told CNBC on “Capital Connection.” Investors may be seeing some losses on bitcoin “but I think … Read more

Disney and Coinbase are today’s stocks: Pro Market Movers August 10 – CNBC

Disney and Coinbase are today’s stocks: Pro Market Movers August 10CNBC

Inflation takes over as the next big focus for markets after July’s monster jobs report

Investors switch their focus to inflation in the week ahead, after July’s strong jobs report signaled the Federal Reserve may need to take an even tougher stance with interest rate hikes. It could also be a week in which investors watch to see if rising Treasury yields start to slow the technology sector’s summer rally. … Read more

Tech companies, banks overstaffed while airlines, hotels need workers

JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle … Read more

Cathie Wood says growth stocks will outperform as bear market ends, adds to streaming play Friday

Ark Invest’s Cathie Wood said growth stocks should soon take the leadership in the market as the downturn runs its course. “Typically growth stocks will outperform as we move towards the end of a bear market and of a recession because they are the new leadership,” Wood said on CNBC’s “The Tech Trade Special” Friday. … Read more

Crypto market stands like Nasdaq in the early 2000s. Here’s why

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also … Read more

Shopify sinks 16% after company plans to lay off 10% of workers

An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shopify is laying off roughly 1,000 workers, or around 10% of its global workforce, the company announced Tuesday. Shares of Shopify sank more than 16% following the announcement. In a memo to staff, CEO Tobi Lutke acknowledged he had misjudged how … Read more

Walmart, General Motors, Polaris and more

Check out the companies making headlines before the bell: Walmart (WMT) – Walmart slumped 9.5% in the premarket after cutting its outlook for the current quarter and full year. The retail giant said higher prices for food and fuel are prompting consumers to cut back, and it had to cut prices at its stores to … Read more

NFTS are coming for loyalty perks programs at brands like Budweiser

Alex Tai | SOPA Images | Getty Images NFTs, or non-fungible tokens, have come for just about every corner of the Internet and every business willing to throw money at what’s been dubbed “Web3” — a hypothetical, future version of the net based on blockchain technology. As they do, Hang, a new B2B startup in … Read more

Coinbase blasts SEC over insider trading case

Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase pushed back on claims from the Securities and Exchange Commission that it offers unregistered securities, following fraud charges against a former employee at the company. An ex-Coinbase product manager … Read more