Despite Coinbase’s success, the company stock has been falling due to changing recommendations from analysts at Wells Fargo. After a detailed report was released on Thursday, which assigned Coinbase with an “underweight” recommendation, Coinbase shares slid 8%. Wells Fargo explained that increased global competition, particularly from Binance.US and FTX US, has negatively affected the exchange’s …

Wells Fargo’s Gives Coinbase “Underweight” Equivalent Rating Read More »

Throughout this year, many major global currencies have declined in value against the US Dollar. The United States Federal Reserve’s commitment to fighting hawkish inflation by consistently raising interest rates has only exacerbated this trend, with the most recent 75 basis point rate hike occurring last Wednesday. In July, even the Euro became even with …

British Pound Dives With Warnings Of BOE Intervention Read More »

For practically the last two decades, major blue-chip tech companies like Google and Meta have been known for their luxurious office perks, corporate culture, and rapid hiring. The desirable workplace cultures paired with the exclusive benefits these companies are known for have even sparked the creation of Hollywood movies such as The Internship, which showcases …

Google and Meta Announce Major Tech Layoffs Read More »