(Bloomberg) — Wall Street’s waning conviction in Coinbase Global Inc. has done little to deter Cathie Wood. Instead, she’s been scooping up shares of the struggling cryptocurrency exchange in the wake of the collapse of Sam Bankman-Fried’s FTX. Most Read from Bloomberg Wood’s Ark Investment Management funds have bought more than 1.3 million shares of … Read more
Markets Currencies Cryptocurrency Prices of exchange’s bonds and stock reflect anxieties after collapse of rival FTX and sharp declines in bitcoin Source link
Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce companies. For the April-June quarter, Alibaba Group Holding posted its first revenue decline while JD.com saw its slowest growth, after lockdowns and other rigid Covid-19 control measures in … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content LONDON — Global stocks edged up on Friday to eye a sixth day of gains, while weak euro zone business activity data hit the euro and weighed on the bloc’s debt. The MSCI World index, its broadest gauge of equity markets, was last up … Read more