Snap Shares Plunge on Weak Revenue As Digital Ad Struggles Continue
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Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates
Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.CNBC - Business -
Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast. Meta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a ...The Guardian - World -
Snap shares soar 23% as company beats on earnings, shows strong revenue growth
Snap reported first-quarter results that beat analysts' estimatesCNBC - Business -
Tesla Earnings Report: Revenue Fell to $21.3 Billion, Adding to Strategy Concerns
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.The New York Times - Tech -
Google Parent Alphabet Looks to Continue Revenue Growth
The search giant has reported four straight quarters of accelerating sales growth and been investing in artificial-intelligence technology. Still, Google’s advertising sales last quarter fell short of expectations.The Wall Street Journal - World - Google -
Meta tumbles 10% on weak revenue forecast and Zuckerberg's comments on spending
Meta shares tumbled on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.CNBC - Business -
Snap’s 2024 plans are showing signs of paying off, and shares soar 25%
Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengthen its advertising business.MarketWatch - Business -
Intel shares fall after company provides weak forecast for the current quarter
Intel's report was the first since the company revealed that it had restructured its financial reports to make Intel Foundry a separate line item.CNBC - Business -
Adyen shares slump as payments processor meets revenue estimates
Shares of Adyen slumped Thursday as the payments processor met revenue expectations even after processing more volume than anticipated.MarketWatch - Business -
Reality star Whitney Port shares her fertility struggles and IVF journey
Reality star and designer Whitney Port discusses her new partnership with prenatal vitamin company Perelel and launches the "Fertility, Unfiltered" video series. She also talks for the first time about her personal decision to pursue IVF again ...CBS News - Top stories -
Meta more than doubles Q1 profit but revenue guidance pulls shares down after-hours
Facebook and Instagram parent company Meta says its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platformsABC News - Tech -
A justifiable ban on US non-compete clauses
There are other ways of retaining key workers and protecting trade secretsFinancial Times - World -
Chinese automakers redefine the car as a living space at Beijing Auto Show
The seemingly never-ending efforts of China’s electric car makers to redefine the automobile are on display at the nation’s largest annual auto showABC News - Tech -
Online retailer Shein is latest to face strict European Union digital regulations
Online fast-fashion retailer Shein must face the European Union’s strictest level of digital regulationsABC News - Tech -
Ads for Explicit ‘AI Girlfriends’ Are Swarming Facebook and Instagram
WIRED found thousands of ads running on Meta’s social platforms promoting sexually explicit “AI girlfriend" apps. Some human sex workers say the platform unfairly polices their own posts more harshly.Wired - Tech - Facebook -
Even with LeBron, AD, these Lakers never stood a chance
The Lakers find themselves in a familiar hole versus the reigning champions and can't seem to find a way out.Yahoo Sports - Sports - NBA -
Meta stock plunges 15% as company plans to invest heavliy in artificial intelligence
Meta shares plunged more than 15% in extended trading on Wednesday after the company issued a light forecast, which overshadowed better-than-expected first-quarter results.NBC News - Top stories -
Inside the struggles of America's caregivers
About 53 million people in the U.S. are unpaid caregivers, and many of them are simultaneously raising young kids and taking care of a parent, earning them the title "Sandwich Generation." CBS News contributor Lisa Ling, who is a member of this ...CBS News - Top stories -
The WSJ Dollar Index Falls 0.2% to 100.14
The WSJ Dollar Index is down 0.2% to 100.14 — down for two of the past three trading daysThe Wall Street Journal - World -
USDA updates rules for school meals that limit added sugars for the first time
U.S. agriculture officials announced new nutrition standards for school meals that will limit added sugars for the first timeABC News - Health -
Alsobrooks drops Senate ad featuring top Maryland Democrats
Maryland Senate candidate Angela Alsobrooks (D) released a new ad on Thursday featuring top Democrats from the Old Line State as she vies for the seat against Rep. David Trone (D-Md.) in the Democratic primary. “We know Maryland,” says Gov. Wes ...The Hill - Politics -
Netflix Added More Than 9 Million Subscribers in First Quarter
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.The New York Times - Tech - Netflix -
Riding in an Uber in NYC Could Soon Come With a Side Order of Ads
Ads, ads, everywhere--even in your rideshare.Inc. - Business -
What Marketers Should Know About Ibotta, the Digital Promotions Company That Just Went Public
The Walmart-backed company provides consumers with cash back and other deals in exchange for their purchase data.The Wall Street Journal - World -
Turkey is the latest country to launch a digital nomad visa—find out if you qualify and where to apply
Applicants must have an income of at least $36,000 USD a year or $3,000 a month.CNBC - Business -
NBA Playoffs: Nuggets erase double-digit deficit (again) to take 3-0 lead on Lakers (again)
The Nuggets have won 11 straight games over the Lakers.Yahoo Sports - Sports - NBA -
Hertz to sell 10,000 more EVs than planned, and stock suffers record plunge
Hertz’s stock resumed its selloff on Thursday, after the rental car company reported a much wider-than-expected first-quarter loss, and significantly expanded its plan to sell off its electric vehicles.MarketWatch - Business -
Chevron stock pulls back as profit drops, amid a plunge in natural-gas prices
Shares of Chevron Corp. pulled back Friday, putting them on track for their first loss in eight sessions, after the oil giant reported first-quarter profit and revenue that fell, amid a sharp drop in natural-gas prices, but managed to beat ...MarketWatch - Business -
WPP Revenue Hit by Tech Pullback
WPP backed its full-year revenue guidance after its first-quarter results were hurt by weaker spending by technology clients and project delays.The Wall Street Journal - World -
WPP Revenue Hit by Tech Pullback
WPP backed its full-year revenue guidance after its first-quarter results were hurt by weaker spending by technology clients and project delays.The Wall Street Journal - Business -
The Continuing Absurdity of National Public Radio
NPR CEO sees no bias problem, only a business opportunity.The Wall Street Journal - World -
Colts snap record streak of 14 straight offensive players taken in NFL draft with UCLA DE Latu
UCLA edge rusher Laiatu Latu was the first defensive player selected in the NFL draft, going No. 15 overall to Indianapolis to snap a record streak of 14 straight offensive players takenABC News - Sports - NFL -
Oil prices end lower on weak U.S. gasoline demand
Oil prices settled lower on Wednesday, with pressure from U.S. data showing a drop in weekly demand for gasoline outweighing support from the first drop in commercial crude supplies in five weeks.MarketWatch - Business -
Nestle Sales Growth Slows Sharply on Consumer Uncertainty
Nestle’s first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - Business -
'With title prize in sight, Man City rarely show any weakness'
The manner of Manchester City’s demolition of Brighton sounds an ominous note for anyone wishing to wrestle away their crown, writes Phil McNulty.BBC News - Top stories -
Alphabet’s Revenue Jumps 15% to $80.5 Billion
Google’s parent company topped revenue and profit estimates and said that it would offer a stock dividend for the first time.The New York Times - Tech -
Microsoft’s cloud sales receive a boost from AI
Tech group’s shares up 3% a day after better than expected earnings reportFinancial Times - Business - Microsoft