Dow Jones Newswires Sony Shares Gain on Better Than Expected Quarterly Profit
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Virgin Galactic’s better-than-expected cash burn a positive sign, says KeyBanc
Virgin Galactic Holdings Inc. gave an update on its closely-monitored cash position when it reported its first-quarter results after the bell Tuesday, with the company’s cash burn, in particular, attracting attention.MarketWatch - Business -
New York Times stock gains as adjusted profit rises by 41%
Digital subscriptions rise by 210,000 in a ’strong start’ for the year.MarketWatch - Business - New York -
Reddit Stock Surges After Bigger-Than-Expected Jump in Users
Reddit stock leapt, after the social-media company reported a bigger-than-forecast increase in users in its first set of results as a public company.The Wall Street Journal - World -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Shopify’s stock slides 18% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.MarketWatch - Business -
Shopify shares plunge 18% on weak guidance
The Canadian e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter.CNBC - Business -
Stock Futures Were Wavering as Uber, Shopify Shares Slid After Earnings
U.S. futures wavered as updates from Uber, Shopify and other companies come as first-quarter earnings season nears its end.The Wall Street Journal - World -
China and EU-candidate Serbia sign an agreement to build a 'shared future'
China and European Union candidate Serbia have signed an agreement to build a “shared future” between the two states, making the Balkan country the first in Europe to agree on such a document with BeijingABC News - World - China -
Oil prices fall more than 1% as market softens on rising inventories
Oil prices have fallen 8% since April highs, but Morgan Stanley sees a tighter market heading into summer driving season.CNBC - Business -
Applebee’s and IHOP parent Dine Brands suffers rare profit miss as consumers remain price-sensitive
Stock falls premarket as same-restaurant sales for both Applebee’s and IHOP chains fell more than expected.MarketWatch - Business -
Reddit shares soar 11% after company reports revenue pop in debut earnings report
Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.CNBC - Business -
After 200 years, women can join the Garrick. Now for the task of making it share power, not hoard it | Jemima Olchawski
Last night’s membership vote is a step in the right direction, but this remains a closed, elite institution. Britain’s “old boys’ club” suffered a blow last night. The Garrick Club – an exclusive gentlemen’s club in central London and relic of ...The Guardian - World -
Most FTX customers to get all their money back less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than thatABC News - Tech - Crypto