Bank of America downgrades Coinbase, says FTX collapse raises ‘contagion risk’ for crypto platform
The analyst cited three reasons for the downgrade, including lower trading expected from retail traders after the debacle.
Buy Walgreens as it ramps up its health-care strategy, JPMorgan says in upgrade
The analyst said the drugstore chain is working to revamp its business in notable ways.
Morgan Stanley downgrades Rent the Runway, cites ‘volatile’ business growth
The analyst cited a ‘concerning reversal’ that pointed to wild swings in online traffic month to month.
Crypto firm Multicoin expects contagion from FTX to wipe out many trading firms in coming weeks
Multicoin Capital, one of the top crypto venture firms, told investors in a letter on Thursday that FTX’s collapse will bring more industry pain.
Binance exec says ‘it was like a bomb went off’ at FTX, compares Bankman-Fried to Madoff and Elizabeth Holmes
Binance strategy chief Patrick Hillmann said it took two hours of due diligence on FTX to determine his company couldn’t save the crypto exchange.
Biden administration will ask Supreme Court to allow student loan debt relief program to resume
The Biden administration said it will ask the Supreme Court to lift an injunction and allow a major student loan debt relief program to resume.
Elon Musk says Twitter employees must commit to ‘hardcore’ culture by 5 p.m. Eastern time
Twitter shared a document overnight with employees, telling them they have to commit to Elon Musk’s working demands or resign.
Rent growth slows to the lowest level in 18 months
Rents in October rose 4.7% compared with October 2021, the slowest annual increase in 18 months, according to Realtor.com.
Google Maps got a big update that shows where fast-charging EV stations are and more
Google Maps was updated with new features, such as the option to find fast-charging EV stations, and, starting next week, a new augmented reality search option.
Wolfe Research says these unloved stocks are starting to show favorable signs heading into 2023
Some names are starting to show some positive signals after their stocks tumbled this year.
