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Jakub Porzycki | Nurphoto | Getty ImagesCoinbase shares dropped in extended trading on Thursday after the crypto platform posted a wider-than-expected loss for the second quarter, underscoring the continued troubles resulting from a deepening crypto winter despite its efforts to diversify revenue.Here’s how Coinbase performed in its quarter ended June 30, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Loss per share: $1.36 loss vs. 17 cent loss expectedRevenue: $1.2 billion vs. $1.3 billion expectedCoinbase’s Thursday report marked its third straight quarter missing Wall Street’s forecasts for revenue and earnings. The company reported a loss of $359.5 million,…
Complaints about the LGBT Young Person’s Day event, which was organised by Out There and Exeter Library, sparked an investigation by Libraries Unlimited, the charity that runs Devon’s libraries for the council.Sex education objects including anatomical models of genitalia appeared at the “family-friendly” event held in October 2025.The matter was discussed at a full council meeting in which the leader of the council, Liberal Democrat Julian Brazil, said “lessons have been learned”.Two council officers submitted code of conduct complaints relating to an email sent by Fife Cook to other Reform councillors which raised concerns about the council’s handling of the…
Amazon shares surged on Friday while Apple dropped as investors reacted starkly differently to their June quarter earnings reports. Shares of Amazon were 12% higher in premarket trading, while Apple fell 7%. Amazon was nearly 4% higher at Thursday’s close while Apple was down by more than 1%. Both companies reported their June quarter earnings on Thursday with Amazon impressing the market while Apple disappointed.Apple’s earnings, revenue and iPhone sales were all above market expectations, however the company issued weak guidance for the current quarter, citing “supply constraints.” Apple said revenue growth in the current quarter will be between 9%…
BP has said it is putting its North Sea business up for sale in a move that would end 60 years of production in the region by the oil giant.The decision follows a review of BP’s operations as it seeks to slim down the group. Its North Sea business has five production hubs – two in the central North Sea and three west of Shetland – and employs about 1,100 people.Earlier this week, Prime Minister Andy Burnham said he told US President Donald Trump he would take a “pragmatic approach” to the issue of North Sea oil and gas.Trump, some…
Why is Infineon Technologies stock surging today? Source link
CNBC’s Jim Cramer said on Thursday that Situational Awareness’ collapse is a cautionary tale about the dangers of investing with borrowed money.”For two weeks, I’ve been telling you to get off margin, stop using borrowed money,” the “Mad Money” host said. “I didn’t want you to get caught up in what some over-leveraged hedge fund was doing. I didn’t want you to get blown out.”The AI-focused hedge fund, founded by former OpenAI researcher Leopold Aschenbrenner, was forced to unwind its highly leveraged bets on Thursday after suffering steep losses in recent weeks. Situational Awareness embraced the popular “long hardware, short…
A government consultation will look at “whether the 182-day threshold is set at the right level and what impact a modest reduction might have”.It also proposes five new possible exemptions for accommodation that cannot be used as permanent homes, including properties on owners’ farms.Jones said: “I have heard representations from a number of businesses that are making meaningful contributions to their local economies but are unable to meet the current threshold.”This consultation will help us find a solution that works better for everyone, including businesses, local authorities and local areas.”I am committed to getting the balance right – keeping homes…
A commuter walks past a wall mural along the street in Tehran on July 21, 2026.Atta Kenare | Afp | Getty ImagesIran’s army said on Friday it had launched attacks on strategic U.S. assets and military bases in Kuwait and Bahrain, following the latest wave of U.S. strikes against the Islamic Republic.Tehran said that it targeted aircraft shelters, satellite communication systems and equipment storage facilities used by the U.S. military at Kuwait’s Ahmad al-Jaber Air Base in a drone strike, per state media. Iran’s army also claimed Thursday to have attacked U.S. facilities at Sheikh Isa Air Base in Bahrain,…
Alpha Bank posts stronger than expected 2Q26 results Source link