Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, or about 700 employees, citing a combination of market volatility and AI quickly changing how the company operates. The move comes ahead of Coinbase’s first-quarter earnings, which the company is scheduled to report Thursday. Shares fell 3% midday, after…
FILE PHOTO: Veeva Systems Founder and CEO Peter Gassner gives an interview on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Veeva Systems, which sells cloud software to life sciences companies and drugmakers, is joining the S&P 500, becoming the latest tech company to get added to the benchmark. The stock…
Soon, investors may be able to wager on who wins control of the Senate in their brokerage accounts. Bitwise, Roundhill and GraniteShares have filed applications with the SEC to offer event contracts as exchange-traded funds which would then be available, for instance, within a self-directed IRA. “An ETF issuer’s job is to give investors access…
Nikolas Kokovlis | Nurphoto | Getty Images Prediction markets platform Polymarket is expanding into trading of perpetual futures contacts, the company said Tuesday. The announcement comes on the heels of a report from The Information that its main rival Kalshi has plans to offer crypto trading, including perpetuals. These are futures contracts that stay open…
Cheng Xin | Getty Images News | Getty Images Charles Schwab is rolling out crypto trading, allowing clients to buy bitcoin and ether through a new arm called Schwab Crypto, the company said Thursday. The move places the brokerage in direct competition with companies like Robinhood, which serves a comparatively younger clientele and also blends…
President Donald Trump onstage at the Treasury Department’s Trump Accounts Summit, in Washington, Jan. 28, 2026. Kevin Lamarque | Reuters The U.S. Department of the Treasury said Monday that Bank of New York Mellon will be the designated financial agent for Trump accounts. BNY will officially manage the initial accounts and has partnered with Robinhood to…
Samuel Boivin | Nurphoto | Getty Images Polymarket removed a forum related to the rescue mission of U.S. military servicemembers amid political pressure, the latest sign of mounting scrutiny around prediction markets. Rep. Seth Moulton, D-Mass., decried the Polymarket page that allowed users to bet on which day the U.S. would confirm the rescue of…
The Fearless Girl statue is pictured as an American flag hangs on the facade of the New York Stock Exchange in Manhattan on the 2024 U.S. Presidential Election Day in Manhattan in New York City, U.S., November 5, 2024. Stephani Spindel | Reuters Aviva Mehta noticed her husband regularly talked about money and investing in…
We’re not used to so many things going wrong at the same time, especially when, as the days go on, they can’t suddenly go right. Moreover, we can’t process something that seems unfathomable — a short war —when the calendar says it’s no longer short. We also can’t adjust to the notion that no matter…
Sen. Jeff Merkley (D-OR) speaks at a news conference on his marathon overnight speech on the Senate floor at the U.S. Capitol Building on Oct. 22, 2025 in Washington, DC. Andrew Harnik | Getty Images A group of congressional Democrats on Thursday introduced legislation that would ban prediction market bets on elections, government actions, war…
