Reddit skyrockets 42% on strong earnings beat and AI-driven growth
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after the stock’s initial public offering in March. Reddit stock soared 42% to close at an all-time high of $116.03 per share on Wednesday afternoon after the company reported a strong earnings beat. A few months ago, investors appeared wary of…
Stock market today: Indexes slide as chipmaker rout drags tech ahead of key earnings
US stock ended lower on Wednesday as encouraging tech earnings were eclipsed by a sell-off among semiconductor shares. Alphabet’s big earnings beat helped send its stock up almost 3% in the session, but major indexes fell as chipmakers suffered losses. AMD and Super Micro Computer led the rout. The former fell on weak fourth-quarter guidance,…
A TikTok creator doubled her income with a 50-part post about her husband. She keeps her day job for stability.
Tareasa “Reesa Teesa” Johnson. Dressed in a crisp crimson blouse, Tareasa M. Johnson takes my Zoom call in the law enforcement office she works from, a star-spangled banner in the corner of the screen. Like millions of people, I first encountered Johnson seven months ago on my phone screen, hooked to her 50-part TikTok series…
Stocks are gripped by ‘near-euphoric sentiment’ and the election may offer a chance to pull back, Citi says
Donald Trump and Kamala Harris. Citi strategists aren’t feeling great about either US presidential candidate’s impact on the stock market, but a Republican sweep, in particular, might prompt investors to rethink their exposure. Citi analysts noted that while many attribute the recent surge of bullishness to climbing odds for a Donald Trump victory, rising market…
How to charge your new electric car at home — and how much you might pay
Charging your electric vehicle at home can mean better battery health, cheaper fill-ups, and no waiting in line. Filling up a car with gas is second nature for nearly anyone with a driver’s license. But charging an electric vehicle? For many, that’s a brand-new world. Going electric introduces a whole new element of car ownership:…
Biden’s ‘garbage’ comment is a gift to Trump
President Joe Biden and former President Donald Trump were once set to face each other in a presidential rematch. After Vice President Kamala Harris’ rise to the top of the Democratic ticket, former President Donald Trump has remained fixed on his former opponent, President Joe Biden. But this week, Trump was handed a gift in…
Snap surges 10% as it gets a major boost from AI and paid subscribers
Snap surged 10% after reporting third-quarter earnings. Snap rose 10% in late trading after reporting third-quarter revenue that beat analyst expectations, following the rollout of a wide range of artificial intelligence features and growth in paid users. Snap, which is most popular for its photo-messaging service, saw quarterly revenue grow 15% year-on-year to $1.37 billion.…
Adidas is getting back on track after Yeezy woes
The sportswear giant reported strong third-quarter growth on Tuesday. Adidas’ comeback is in full swing. The sportswear giant reported strong third-quarter growth on Tuesday, with currency-neutral revenues increasing by 10% across the group. Operating profit jumped to 598 million euros ($646 million) from 409 million euros ($442 million) the year before. While the company reported…
Chipotle says ensuring ‘consistent and generous portions’ has taken a toll on its profitability
“We are committed to ensuring that we give the right portion to every guest that walks into the building,” Chipotle’s interim CEO, Scott Boatwright, said Tuesday. It has been a big year for the humble scoop — at Chipotle, at least. Profit margins for the chain suffered last quarter because of a concerted effort to…
