Shares of Coinbase Global Inc. ( COIN ) plunged more than 16% following second-quarter results. The report fell short of expectations, raising questions about the resilience of the crypto exchange's core business—even as digital assets rallied during the same period. Despite a 3.3% year-over-year increase in revenue to $1.5 billion, results came in below Wall Street forecasts. More notably, transaction revenue—long the company’s bread and butter—dropped 39% from a year earlier, totaling $764.3 million, compared to estimates of $814 million. The shortfall points to a slowdown in trading activity, particularly among retail users, in what should have been a strong environment for digital asset platforms. While net income came in at a staggering $1.5 billion, that figure was boosted almost entirely by unrealized gains from Coinbase’s crypto holdings and strategic investments, including a stake in Circle Internet Group ( CRCL ). Adjusted net income, which strips out those gains, was jus...

Amazon ( AMZN ) reported stronger-than-expected earnings for the second quarter of fiscal year 2025, with revenue jumping 13% year-over-year to nearly $168 billion—about $6 billion more than Wall Street forecasts. Earnings per share rose to $1.68, beating analyst estimates of $1.33 and improving from $1.26 a year ago. Despite the solid performance, shares of Amazon dropped over 7% in premarket trading Friday, falling to around $214. The decline came after executives offered a mixed outlook for the third quarter, particularly around operating income and the company’s cloud business. Amazon’s retail engine remains robust. North American net sales grew 11% year-over-year to $100.1 billion, while international sales surged 16% to $36.8 billion. Its subscription and advertising segments—two of its most promising profit drivers—also delivered: combined revenue reached $28 billion, with advertising alone jumping 22% year-over-year. Operating income hit $19.2 billion, up from $14.7 billion in ...

Apple Inc. ( AAPL ) delivered its strongest revenue growth in more than three years, reporting fiscal third-quarter sales of $94 billion—nearly $5 billion above Wall Street’s expectations.  The Cupertino-based tech giant saw iPhone sales surge past $44.5 billion, driven in part by tariff-fueled demand and the launch of the new $599 iPhone 16e. Growth was broad-based, with revenue rising across nearly all markets, including Greater China, where Apple pulled in $15.4 billion in sales—up roughly 4% from last year. The iPhone's momentum marks a sharp reversal from a sluggish start to the year. Sales jumped 13.5% year-over-year, notching a record for the June quarter. Notably, Apple reported iPhone growth in every region it operates, with particularly strong gains in emerging markets. CEO Tim Cook credited the boost to both a strengthening global demand environment and Apple’s ability to stay ahead of pricing impacts tied to newly imposed U.S. tariffs. “We saw an acceleration of growth ...

Exxon Mobil ( XOM ) and Chevron ( CVX ), the two largest U.S. oil majors, reported second-quarter earnings Friday. Both earning reports exceeded Wall Street expectations—despite a sharp year-over-year decline in profits and persistent pressure from falling oil prices. The reports come as both companies deepen ties in offshore Guyana and brace for shifting investor priorities. Strong Operations Offset Soft Prices for Exxon Mobil Exxon Mobil reported second-quarter earnings of $1.64 per share, above the $1.56 analysts had expected. Revenue came in at $81.5 billion, slightly ahead of estimates and a figure equivalent to over $900 million in daily sales. Though earnings were down nearly 23% from a year ago, the company delivered its highest second-quarter upstream production since the Exxon-Mobil merger in 1999. Production reached 4.63 million barrels of oil equivalent per day (boepd), with international operations generating $4.19 billion in profit and U.S. production contributing $1.21 b...

Reddit ( RDDT ) delivered a stunning second-quarter earnings report, sending shares soaring more than 15% in early trading Friday.  Revenue surged 78% year-over-year to $500 million, sharply above analysts’ expectations of $426 million. Net income hit $89 million, a dramatic turnaround from a $10 million loss in the same quarter last year, while earnings per share reached $0.45 — more than double the Wall Street forecast of $0.19. This marks Reddit’s strongest quarter since going public and highlights a rapid acceleration in both revenue growth and operational efficiency. The platform’s advertising business — which accounts for more than 93% of total sales — was the primary growth engine, generating $465 million in revenue, up 84% year-over-year. CEO Steve Huffman credited the company’s communities and growing global footprint: “In a world where connection is increasingly rare, our communities show how valuable human conversation and knowledge really are.” AI Tools Power Ad Revenue...