Check out the companies making headlines in midday trading Friday.
Coinbasecalling recent bitcoin exchange-traded funds filings inadequate. Coinbase is the crypto custody partner for BlackRock, whose bitcoin ETF filing earlier this month set off a wave of followers and a rally in the price of bitcoin and Coinbase shares.
Nikefirst earnings miss in three years and reported a decline in margins for its fiscal fourth quarter, which it attributed to higher product input costs, elevated freight and logistics costs, an uptick in promotions and unfavorable currency exchange rates.
— CNBC’s Alex Harring, Tanaya Macheel and Sarah Min contributed reporting.