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.

 
Alibaba Posts First Loss Since Going Public After Antitrust Fine

The Chinese e-commerce company's result was hit by a record antitrust fine imposed by China's market regulator. It said it plans to invest future profits into warding off competition.

 
Apple Executive Exits After Employee Complaints Over Sexist Writings

Apple parted ways with a prominent advertising-technology executive weeks after hiring him, following complaints about sexist and misogynistic passages in a memoir he wrote about his time at Facebook.

(END) Dow Jones Newswires

May 14, 2021 03:15 ET (07:15 GMT)

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