Provided by Dow Jones
By Joe Wallace and Paul Vigna U.S. stocks dropped Wednesday alongside commodities, overseas shares and bitcoin as investors appetite for risk diminished. The Dow Jones Industrial Average declined as much as 587 points in morning trading, before paring its losses to about 200 points, while other markets steadied as well. Investors continue to fret about whether the quickening pace of inflation will prompt the Federal Reserve to taper its bond purchases and raise interest rates. Although Fed officials have indicated the economy is still in recovery mode and requires stimulus from the central bank, several have said this week that the central bank is closely watching economic developments and will be ready to adjust policy when necessary.
The Next Frontier: Blockchain meets Object-Capabilities taking place in San Francisco July 3 – Bankless Times
banklesstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from banklesstimes.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones
By Paul Vigna Coinbase Global Inc. s profit surged in the first quarter, driven by a manic rally in bitcoin and other digital assets, the cryptocurrency exchange said in its first earnings report as a public company. It earned $771 million, or $3.05 a share, in the quarter, up from $32 million a year earlier. Total revenue surged to $1.8 billion from $191 million. The top and bottom-line figures represent records for the company, which was founded in 2012 and is the largest bitcoin exchange in the U.S. In early April, the company projected earnings of $730 million to $800 million on revenue of $1.8 billion.
Provided by Dow Jones
By Paul Vigna Coinbase Global Inc. s profit surged in the first quarter, driven by a manic rally in bitcoin and other digital assets, the cryptocurrency exchange said in its first earnings report as a public company. It earned $771 million, or $3.05 a share, in the quarter, up from $32 million a year earlier. Total revenue surged to $1.8 billion from $191 million. The top and bottom-line figures represent records for the company, which was founded in 2012 and is the largest bitcoin exchange in the U.S. In early April, the company projected earnings of $730 million to $800 million on revenue of $1.8 billion.
The Madness of Cooling A Cooling Planet
We are into our third spring month, and it is still snowing in the northern hemisphere, yet the madmen ruling the planet will not let the media inform the people that the climate experts were wrong about man-made global warming. Earth is facing a deep freeze, and solar scientists are warning us that this cooling, which has accelerated dramatically this year, will continue for several decades.
We will only care about climate change when we start to go hungry because of the cold weather. The endless winter is again shortening the growing season. The extension of winter this late into the spring will drive already soaring food prices into the stratosphere. It is May 10, and it is still snowing, and another vast cold front moves as far south as Florida.
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