President Donald Trump has adopted Silicon Valley’s mantra of “move fast and break things,” leaving uncertain companies grappling with a potentially expanding trade war, slews of executive orders, and no end of legal questions.
Coinbase posted its strongest quarter of earnings in over a year in Q4, as crypto prices and trading surged after the election of US President Donald Trump. Coinbase’s Feb. 13 financial results show the firm hit total revenue of $2.
It’s not just Coinbase Global Inc.’s stock that has soared following Donald Trump’s election victory. A Coinbase convertible bond has mirrored the crypto-trading portal’s postelection stock surge, according to the latest data from data-solutions provider BondCliQ Inc.
Coinbase Q4 earnings set to surge as Trump’s pro-crypto stance fuels market optimism. Analysts expect revenue to nearly double from last year.
Robinhood is just the latest company in the mix, announcing on Monday that the Securities and Exchange Commission has closed its investigation into the company and will not pursue an enforcement action.
Ripple's XRP joined the wider crypto market decline, plunging nearly 10% on Monday following President Donald Trump reiterating that the US will kick off tariffs on Mexico and Canada. Despite initially pausing the tariffs, both countries have failed to work out an agreement with the US government.
S&P 500, Dow and Nasdaq end up after Trump holds off on reciprocal tariffs, avoiding a trade war that could slow the economy and fan inflation.