Coinbase posts steep first-quarter loss after slide in crypto prices

Crypto trading platform Coinbase reported a surprise first-quarter loss and weaker-than-estimated revenue after the market close Thursday.

Oil futures rise after U.S., Iran trade fire; stock futures quiet after court rejects Trump’s tariffs May 8, 2026
Oil futures moved higher late Thursday while stock-index futures were little changed after the U.S. and Iran exchanged fire in the Persian Gulf, and after a federal court struck down President Donald Trump’s backup tariff plan.
Mike Murphy
Cloudflare to cut 20% of staff in a big bet on AI. Investors aren’t sold. May 8, 2026
The company’s stock falls as co-founders say the layoffs are “not a cost-cutting exercise.”
William Gavin
Iren’s stock soars as a major Nvidia investment overshadows revenue shortfall May 8, 2026
Nvidia is taking a major stake in Iren to build out a 5-gigawatt global footprint for its AI factory ambitions
Christine Ji
SoundHound’s stock falls as acquisitions weigh on earnings results May 8, 2026
The company said revenue would’ve grown more not counting its recent acquisitions, but analysts say they put SoundHound in a strong position.
Britney Nguyen
Airbnb is seeing some of its fastest growth from this surprising segment May 8, 2026
The travel app has seen some demand disruptions from the Iran war, but is showing early success with its recent pivot into offering hotel bookings
Bill Peters
AI is coming for your job after all. These new announcements prove it. May 8, 2026
The tech sector is leading a rush of mass layoffs. Cloudflare, Upwork and Bill outlined big cuts on Thursday, following Coinbase’s announcement earlier in the week.
Emily Bary
5 reasons stocks are rallying in the face of an oil-price shock May 8, 2026
U.S. stocks were lower Thursday but still higher for the week, with the S&P 500 on the verge of breaking above 7,400 for the first time ever.
Joseph Adinolfi
CoreWeave shares plunge. Revenue doubles but AI costs are rising. May 7, 2026
Shares of CoreWeave fell 9% in after-hours trading as investors considered shrinking margins and lower-than-expected revenue guidance
Christine Ji
There’s a new worry keeping Treasury yields and borrowing costs higher May 7, 2026
Oil, the Iran war and inflation risks are putting a new floor under longer-duration Treasury yields
Joy Wiltermuth
‘Americans are not great at managing money’: Social Security and Medicare saved my father from financial ruin May 7, 2026
“There’s no way my dad and my mom paid enough into Medicare to cover my dad’s six months in long-term critical care.”
Quentin Fottrell