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Ashish Chanchlani, best known for his laughter-packed sketches, quietly pulled off something truly inspiring: a 40-kilo weight loss in just six months. It wasn’t the result of some celebrity detox,

NEW DELHI: The mandatory retrofitting of coal-fired generation plants with mechanisms to reduce sulphur emission will apply to only units within 10 km of cities with population exceeding 10 lakh

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Unified Payments Interface (UPI) has officially surpassed Visa to become the world’s leading real-time payment system, processing over 650 million transactions daily. Amitabh Kant, the CEO of Niti Aayog, hailed

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NEW DELHI: The mandatory retrofitting of coal-fired generation plants with mechanisms to reduce sulphur emission will apply to only units within 10 km of cities with population exceeding 10 lakh

Unified Payments Interface (UPI) has officially surpassed Visa to become the world’s leading real-time payment system, processing over 650 million transactions daily. Amitabh Kant, the CEO of Niti Aayog, hailed

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Coinbase joining S&P 500, replacing Discover Financial

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Brian Armstrong, CEO of Coinbase, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.

Gerry Miller | CNBC

Coinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday. Shares of the crypto exchange jumped 8% in extended trading.

The change will take effect before trading on May 19. Discover is in the process of being acquired by Capital One Financial.

Since going public through a direct listing in 2021, Coinbase has become a bigger part of the U.S. financial system, with bitcoin soaring in value and large institutions gaining regulatory approval to create spot bitcoin exchange-traded funds.

However, Coinbase has been a particularly volatile stock and is trading well below its peak from late 2021. The shares closed on Monday at $207.22, giving the company a market cap of $53 billion. At its high, the stock traded at over $357.

Stocks added to the S&P 500 often rise in value because funds that track the S&P 500 will add it to their portfolios.

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