Coinbase stock plunges on possible SEC legal action over securities laws

The SEC warned the largest US crypto exchange about a possible enforcement action. Coinbase said SEC "has not been fair or reasonable."

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  Coinbase falls after US SEC threatens to sue over some crypto products

  Reuters
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  SEC Warns Coinbase of Potential Securities Charges

  Barrons.com

Ford reveals new operating structure, $3B in losses expected for EV segment

Ford gave investors and analysts today a peek behind how it will reorganize its business units, and report financial performance.

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  Ford expects EV business unit to lose $3B this year

  TechCrunch
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  Ford sees $3 billion pretax loss in its EV business this year

  Reuters

FTSE 100 opens in the red ahead of Bank of England interest rates decision

Banks and stronger pound send FTSE 100 lower.

The Federal Reserve now believes its work is nearly done: Morning Brief

The Federal Reserve has raised rates aggressively in the last year and projected on Wednesday its work raising rates is likely done. Dealing with the fallout of these moves, however, appears to be a project just getting underway.

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  Federal Reserve 'dot plot' shows interest rates peaking at 5.1% in 2023

  Yahoo Finance
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  Federal Reserve raises interest rates 0.25% to highest since 2007 amid bank crisis

  Yahoo Finance