Polygon cuts jobs during Coinme transition
Polygon (CRYPTO:POL) developer Polygon Labs has cut jobs as Coinme assumed responsibility for Polygon ID under a new transition agreement.
Polygon (CRYPTO:POL) developer Polygon Labs has cut jobs as Coinme assumed responsibility for Polygon ID under a new transition agreement.
Derek Huerta, Eclipse Space's co-founder and CEO, addressing a question on the delay of a critical test of SpaceX's massive Starship rocket, said the approach is more cautious and conservative in the early days to ensure there's a high probability of success. The test is the rocket's first since SpaceX's blockbuster IPO last month.
Robinhood paused trading of the Vladfun (CRYPTO:VLAD) memecoin after concerns emerged over its launch and links to Robinhood Chain.
Tradable will tokenise up to US$1 billion in private credit assets on Stellar (CRYPTO:XLM), adding to growing institutional adoption of tokenised real-world assets.
Bozoma Saint John, Former Chief Marketing Officer of Netflix, joined the program to discuss the company's recent earnings report. Netflix's stock was down 7.87% after hours, trading at $68.50, following the announcement. Despite the decline, Netflix maintained its full-year operating margin guidance at 31.5%, slightly below analyst estimates of 31.7%. Saint John provided insights into the company's performance and outlook amid the earnings release. She speaks with Romaine Bostick & Katie Greifeld on "The Close."
Netflix shares fell more than 7% in after-hours trading following the release of quarterly results that were largely in line with estimates but showed slight misses on earnings per share and revenue guidance for the third quarter. Evan Shapiro, Former Head of NBC Universal's SEESO streaming service and former president at IFC TV and Sundance Channel, explained that while Netflix won the initial streaming wars centered on subscriptions, the market has evolved into a 'free TV economy' dominated by platforms like YouTube and free ad-supported services such as Tubi and Roku Channel. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Sen. Chris Murphy (D-CT) told David Gura at the Aspen Security Forum that the war with Iran is the "most significant foreign policy disaster in the last 20 years." Five months into the war, the US is confronting the limits of its military power against a determined adversary in a critical global chokepoint. As the flow of shipping through the strait dwindles, rising oil prices are adding to the pressure on President Donald Trump.
David Steinbach, Global CIO and Managing Partner at Hines, discusses the current state of the US real estate market. Despite ongoing supply constraints across apartment, industrial, and retail sectors, Hines' midyear outlook indicates a softer leasing environment rather than a broad rebound. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Ross Gerber, co-founder, president and CEO of Gerber Kawasaki Wealth and Investment Management, reacts to Netflix's earnings and forecast. He speaks on "Bloomberg The Close."
Netflix projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts' expectations. Second quarter results were in line with Wall Street's consensus. Geetha Ranganathan has more on "Bloomberg The Close."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Maureen O'Connor, global head of high grade debt syndicate at Wells Fargo, and Meghan Robson, head of US credit strategy at BNP Paribas, join Scarlet Fu on "Bloomberg Real Yield." They discuss risks surrounding hyperscaler credit.