Coinbase Profit Surges in Exchange's First Report as Public Company

Its first-quarter top- and bottom-line figures represent records for the company, which was founded in 2012 and is the largest bitcoin exchange in the U.S.

 
Disney Adds Fewer Streaming Subscribers Than Hoped

Walt Disney added 8.7 million Disney+ subscribers in its fiscal second quarter, and its parks segment logged an operating loss as the company faces an economy trying to emerge from the Covid-19 pandemic.

 
Amazon, McDonald's, Others Woo Scarce Hourly Workers

Large U.S. employers of lower-wage workers are raising pay and adding perks, with Amazon set to add 75,000 employees and offer signing bonuses and McDonald's boosting wages at company-owned restaurants.

 
Airbnb Has Mo Money, Mo Problems

Returning demand appears to be creating a supply problem, and one that is uniquely acute for Airbnb.

 
DoorDash's Revenue Triples Amid Sustained Demand for Food Delivery

The food-delivery service's loss for the three months through March narrowed but missed analysts' estimates.

 
Canadian National Takes Lead in Bidding for Kansas City Southern

Canadian railroad agreed to add more stock to its proposal and cover a $700 million breakup fee.

 
Hear.com, Zenvia Postpone IPOs Because of Choppy Stock Market

The hearing-care services provider and the communication-technology company each delayed their offerings over market volatility concerns, the latest signs of cooling for the U.S. IPO market.

 
Smart & Final to Be Sold to Mexican Retail Giant

Grupo Comercial Chedraui plans to buy the grocer for more than $600 million.

 
Avance Eyes Increase of Debut Fund Cap to $1 Billion

The firm began marketing its debut fund in the midst of the coronavirus pandemic and was advised to set a lower target of $500 million with an initial cap of $850 million, Mark Evans, principal investment officer at the Connecticut Retirement Plans and Trust Funds, said at the pension system's investment advisory council meeting on Wednesday.

 
PayPal Plans to Shift Core Applications to Google Cloud

The migration is part of the digital payments company's ongoing move to host all its applications in the public cloud.

(END) Dow Jones Newswires

May 13, 2021 21:15 ET (01:15 GMT)

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