Coinbase stock is trading as if the crypto platform ‘will burn through all of its cash’

Bloomberg

Selloff in Stocks Isn’t Over Yet, Says Morgan Stanley

(Bloomberg) — The rout in stocks isn’t over just yet, according to Morgan Stanley strategists, who see scope for both US and European equities to correct further amid mounting concerns of slowing growth.Most Read from BloombergDon’t Bother Paying Off Student Loan Debt Right Now, Advisers SayBiden Team Sees China Tilt Aided as Putin Falters in UkraineMarcos Jr. Leads With 61% of Votes Counted: Philippines UpdateStocks Bounce Back in Countdown to Key CPI Data: Markets WrapChina Risks 1.6 Million