Movers & Shakers Alibaba Shares Surge Carnival S Stock Rallies and Other Stocks on the Move
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Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
Robinhood’s stock rallies 7% as company swings to profit, drums up more business
Robinhood says it snapped up business from brokerage rivals and made inroads among gold investors.MarketWatch - Business -
Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.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 -
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.MarketWatch - Business -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”MarketWatch - Business -
Elephant Mario Plush Is Back In Stock At Amazon
Super Mario Bros. Wonder was among the biggest releases of 2023, so it should come as no surprise that the iconic Elephant Mario power-up has received the Little Buddy plush treatment. This plush has sold out quickly each time it's been available ...GameSpot - Tech -
Why Lyft's Stock Is Pulling Ahead of Uber's
Low expectations can also be a blessing.The Wall Street Journal - World -
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 -
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.MarketWatch - Business -
Why You Shouldn't Sell Your Stocks Before the Presidential Election
Strategists are cautioning investors against dumping positions ahead of a summer rally.Inc. - Business -
Teva Pharmaceutical’s stock climbs as schizophrenia treatment shows promise
Teva Pharmaceutical Industries stock jumped more than 6% early Wednesday after the company reported first-quarter sales that topped estimates and released positive late-stage trial data on a schizophrenia treatment.MarketWatch - Business -
Tripadvisor’s stock could see record plunge as potential buyout plans dropped
Tripadvisor’s stock took a dive premarket Wednesday, after the online travel-booking company said it decided pursuing a potential sale would not be in the best interest of the company or its shareholders.MarketWatch - Business -
Why Uber’s stock is having a bumpy ride after earnings
Uber Technologies Inc. posted mixed earnings on Wednesday, beating estimates on an adjusted profit metric while giving an outlook for bookings that was below expectations.MarketWatch - Business -
Jim Cramer's top 10 things to watch in the stock market Wednesday
Wall Street's winning streak may come to an end Wednesday.CNBC - Business -
Intel’s stock drops after Biden administration bans some sales to China’s Huawei
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.MarketWatch - Business - Joe Biden -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - Business -
Stock-market crash fears are fading, according to options traders
As U.S. stocks have rebound from last month’s selloff, options traders aren’t buying as many contracts that would pay off if the market were to crash.MarketWatch - Business -
Arm crushes earnings expectations, but stock falls as forecast lacks wow factor
After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.MarketWatch - Business -
AppLovin’s stock gains as earnings highlight improvements in app ad market
Investors were liking the latest numbers from AppLovin on Wednesday, as its stock headed higher in the extended session.MarketWatch - Business -
Robinhood Stock Jumps After Reporting Record Revenue, Profit
The online brokerage’s revenue and earnings topped Wall Street expectations. Shares were up about 6% after hours.The Wall Street Journal - World -
Stocks and bonds haven’t been this in sync in decades: why both still deserve space in your portfolio
The notion that stocks should rise while bond prices fall, and vice versa, is an enduring piece of investing conventional wisdom. But history shows the relationship between the two asset classes is more complicated.MarketWatch - Business -
Stock-market bulls shouldn’t fear a long Fed pause before interest-rate cuts
History shows the S&P 500 tends to do well when the Federal Reserve leaves rates on hold.MarketWatch - Business - Federal Reserve -
Home builders’ stocks have soared since we said they were cheap. These five are expected to grow profits rapidly through 2025.
Demand for new homes has been strong, despite high mortgage-loan rates.MarketWatch - Business -
U.S. Natural Gas Futures Slip Ahead of Storage Report
U.S. natural gas futures settled lower, snapping a four-session winning streak ahead of the EIA’s weekly storage report that’s likely to put excess inventories back in the spotlight.The Wall Street Journal - World -
China rally hasn’t been chased by options traders, Bank of America says
The rally in Chinese stocks may have legs because options traders have yet to chase it, say analysts at Bank of America.MarketWatch - Business - China -
Bitcoin is trading sideways, but get ready for another rally in September
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.MarketWatch - Business - Crypto -
Adell homers, Angels rally past Pirates 5-4 to earn first series victory since early April
Jo Adell hit his fifth homer of the season and added an RBI single and the Los Angeles Angels slipped by the Pittsburgh Pirates 5-4ABC News - Sports - MLB -
How it happened: Late Joselu heroics put Real Madrid in Champions League final
nullESPN - Sports - UEFA Champions League -
Real Madrid rallies late to beat Bayern 2-1 and reach another Champions League final
Real Madrid has defeated Bayern Munich 2-1 to reach the Champions League final for the second time in three seasonsABC News - Sports - UEFA Champions League -
Greene moves to oust Speaker Johnson
Rep. Marjorie Taylor Greene (R-Ga.) moved to force a vote on ousting Speaker Mike Johnson (R-La.) on Wednesday, a momentous move that is all but certain to fail amid opposition from Democrats and conservative Republicans. Greene — who filed her ...The Hill - Politics -
Trump says MSNBC's O'Donnell 'looks like s‑‑‑'
Former President Trump took a shot Tuesday at MSNBC host Lawrence O'Donnell, whom he saw at a New York City courthouse amid his first criminal trial and said looks like "shit." "I spotted Ratings Challenged Lawrence O’Donnell, of MSDNC, in the ...The Hill - Politics - Donald Trump -
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 -
AB InBev Is Moving Past the Bud Light Controversy
Global brewing company Anheuser-Busch InBev posted solid results, underscoring the fading impact of last year’s Bud Light boycotts.The Wall Street Journal - World -
Making moves: LIV allows teams to trade players
In a first for LIV, the 13 teams can negotiate trades through June 9 in an effort to improve their teams but without altering the contracts of players.ESPN - Sports -
Jose Berrios and eight other players to send elsewhere
Tristan H. Cockcroft takes a look at the current stats and passes judgment on which hot players need to go.ESPN - Sports -
Rory: Other players balked over return to board
Rory McIlroy will no longer replace Webb Simpson on the PGA Tour policy board and the board of directors of PGA Tour Enterprises, saying there were some on the board "that were maybe uncomfortable with me coming back on for some reason."ESPN - Sports -
Are There Enough Fans for the N.H.L.’s Smallest Market to Keep Its Team?
The Winnipeg Jets’ season was clouded by dwindling attendance and concerning comments made by ownership about the franchise’s future.The New York Times - Sports -
GB Summit 2024’s Women in Gaming Breakfast honors global change
GamesBeat is holding another Women in Gaming Breakfast at GamesBeat Summit 2024 with a panel about gaming and positive global change.VentureBeat - Tech