Diamonds and Dogs

8/4/22

Coinbase (COIN) jumps 25% on partnership with Blackrock. BlackRock announced the deal with Coinbase this morning to offer Bitcoin trading services to institutional clients, a ringing endorsement for the embattled crypto exchange. Even with today's jump, the stock is still down 60% for the year.

Booking Holdings (BkNG) down 2% following blow out earnings. Bookings beat by $1.41 while revenue rose 99.1% to $4.3 billion as people returned to travelling the last six months, surpassing 2019 numbers. However, third quarter guidance was soft as travel may have peaked at least short term.

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