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Coinbase Stock Rises On Revenue Beat, Jump In Crypto Activity – 2 Aug

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Trends to Watch

Volatile: Bitcoin price crumbles to $62K support, but derivatives metrics show bullish signs (Cointelegraph)
Delivered: DoorDash shares pop 13% on second-quarter revenue beat (CNBC)
Oh Snap: Snap forecasts weak revenue as big rivals threaten growth, shares slide (Reuters)
Profitable: Coinbase Stock Rises On Revenue Beat, Jump In Crypto Activity (Investor’s Business Daily)
Strong Travel Demand: Booking Holdings Sees 7% Growth in Room Nights Booked Amid Tech Upgrades (PYMNTS)

 

Stock Market News

Intel to cut 15% of headcount, reports quarterly guidance miss – CNBC
Apple revenue returns to growth as iPhone sales top expectations – Reuters
Snap shares plunge over 20% on weak guidance – CNBC
Dow tumbles over 500 points after fresh data ignite fears about slowing economy – New York Post
DoorDash projects upbeat Q3 core profit as online ordering stays resilient – Reuters
Powell Says Cuts ‘On the Table’ in September – Bloomberg Markets and Finance
Taco Bell to roll out AI drive-thru ordering in hundreds of locations by end of year – CNBC
10-year Treasury yield falls below 4% for the first time since February – CNBC