Coinbase reported a second-quarter loss with revenue dropping to $1.2 billion from $1.5 billion a year earlier, despite achieving a record 10.3% share of global crypto trading volume. The company expanded revenue from stablecoins, derivatives, and subscriptions, reducing reliance on Bitcoin trading fees. USDC stablecoin holdings hit a record $20 billion, and subscription revenue surged to $555 million. Coinbase also improved engineering efficiency through AI and lowered its full-year expense forecast, signaling a shift toward more diversified revenue streams beyond Bitcoin spot trading.
Labcorp reported a strong second quarter in 2026, with revenue rising 5.8% to $3.73 billion and adjusted EPS increasing 14.9% to $4.99, beating analyst expectations. The company attributed growth to steady demand for testing services and expansion in...
UBS is close to completing its integration of Credit Suisse, marking a major strategic step. The bank reported strong Q2 results with net profit rising to $2.80 billion and revenues up 13.1% to $13.70 billion. Despite this, Morgan Stanley kept an Und...
Rentokil Initial PLC reported Q1 revenue of $3.59 billion, beating analyst expectations, but its earnings per share (EPS) of $0.39 fell short of the predicted $0.66. The company faces slowing growth in its key North American pest control market, with...
Dominion Energy, a diversified U.S. energy company, is gaining analyst confidence with its stock target price rising to $71, and some forecasts even higher. The company operates in regulated electricity, natural gas, and renewable energy, serving mil...
The District of Columbia Housing Finance Agency (DCHFA) has appointed Steve Clinton and Ed Fisher to its Board of Directors and reappointed Carri Robinson. Clinton brings over 40 years of housing finance expertise, including leadership roles at Fredd...
