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Reddit shares soar 25% as it turns its first profit
Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay offBusiness - Financial Times - October 29 -
Shake Shack CEO talks expansion goals as shares climb after earnings beat: 'Now's our opportunity'
Lynch said many eat at Shake Shack when they are on vacation, adding that the chain has outposts in high-traffic airports JFK, LaGuardia and Newark.Business - CNBC - October 30 -
Nasdaq CEO shares the best investing advice she's given her own son: It’s a ‘foundational element of wealth creation’
Nasdaq CEO Adena Friedman has a three-word piece of money advice for anyone who finds the investment market daunting. It's the same thing she taught her own sons.Business - CNBC - November 13 -
PayPal beat big on a profit metric, but here’s why its stock is falling
PayPal’s fourth-quarter revenue view came in below expectations. The company said it’s focusing on “profitable growth.”Business - MarketWatch - October 29 -
Its Birthrate Falling, Russia Targets Child-Free Lifestyles
The country’s lower house of Parliament passed a law that would ban what it calls “propaganda” discouraging Russians from having children.World - The New York Times - November 12 -
Burlington’s stock falls as warm weather hurts its coat sales
“Our third quarter comp trend started out very strongly, but then warmer temperatures from mid-September onwards slowed our sales momentum,” the company’s CEO said.Business - MarketWatch - 21 hours ago -
Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter
Investors are expecting that Niccol will share more details about his turnaround strategy during the company's conference call, scheduled for 5 p.m. ET.Business - CNBC - October 30 -
GAA reconsiders extra Casement funds as costs fall
The GAA say additional funds will be reliant on seeing "the colour of the money from the Treasury".Top stories - BBC News - 6 days ago -
Kohl’s Picks C.E.O. of Michaels to Help It Turn Around
Ashley Buchanan will be the third chief executive of the department store chain since 2018.Business - The New York Times - Yesterday -
Artist Doug Aitken brings in the L.A. Phil, Natasha Lyonne and a mountain lion for fall's biggest spectacle
Doug Aitken premieres "Lightscape" as a live music-screen experience with the L.A. Phil and L.A. Master Chorale at Disney Hall. An immersive exhibition at the Marciano Art Foundation is coming too.Entertainment - Los Angeles Times - November 13 -
Boohoo Names New CEO, Defies Frasers' Bid to Install Ashley
Boohoo named Dan Finley as its next chief executive officer, spurning major shareholder Frasers’ attempts to install its owner Mike Ashley at the helm.Business - The Wall Street Journal - November 1 -
Peloton’s stock is double-upgraded as new CEO helps swing BofA to bullish
Peloton’s stock rallied after the company’s biggest Wall Street bear turned bullish following the announcement of a new CEO and an upbeat earnings report.Business - MarketWatch - November 4 -
Exxon CEO says Trump won’t be able to ‘unleash’ new energy production
President-elect Donald Trump campaigned on a platform to significantly ramp up U.S. oil production and bring down the cost of energy, but the head of the nation’s largest energy company is doubtful ...Business - MarketWatch - November 12 -
Companies rush to US bond market as Trump rally cuts borrowing costs
Borrowers ‘strike while the iron’s hot’ to raise more than $50bn this weekBusiness - Financial Times - November 15 -
Taxpayers set to lose out under Gupta’s UK steel unit restructuring plans
Claims by HMRC would be reduced 80% in restructuring of its Speciality Steel UK businessBusiness - Financial Times - November 15 -
Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO
Peloton has chosen Ford executive Peter Stern to be its next CEO after Barry McCarthy stepped down earlier this year.Business - CNBC - October 31 -
Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO
Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the co-founder of Apple Fitness+ to be its next CEO and president.Top stories - NBC News - October 31 -
Amazon’s CEO Just Defended Its RTO Mandate Again. Employees Still Aren’t Happy
Andy Jassy argues that the company’s new rule slashing remote and hybrid work is a good thing. He’s said it’s all about workplace culture, but many workers say his words ring hollow.Business - Inc. - November 6 -
FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
The litigation marks the latest escalation of tensions between two of the biggest names in crypto, after the meteoric collapse of FTX rocked the market.Business - CNBC - November 11 -
Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock’ ahead.
The future could see more megamergers, middle-market deals and initial public offerings.Business - MarketWatch - November 13 -
Australian mine company to pay Mali junta $160 million after its CEO and 2 employees were detained
Australia’s Resolute Mining says it will $160 million to Mali’s ruling junta to resolve a tax dispute, more than a week after the company’s CEO and two other employees were detained in the West ...World - ABC News - November 18 -
BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit
British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.Business - CNBC - October 29 -
Shares in UK retailers fall as sector counts cost of NICs tax rise – business live
Rolling coverage of the latest economic and financial news. Tariffs, tech and Taiwan: how China hopes to Trump-proof its economy . Yesterday’s cut to UK interest rates doesn’t seem to have ...World - The Guardian - November 8 -
Mexico and US reach agreement to address Mexico's habit of falling behind in water-sharing payments
Mexico and the United States have reached an agreement they hope will address Mexico’s habit of falling behind in water-sharing payments in the Rio Bravo watershed, also known as the Rio GrandeWorld - ABC News - November 9 -
Applied Materials Offers Modest Sales Outlook on Slowdown of Chinese Market; Shares Fall
Applied Materials forecasts revenue growth of between 8% and 12% across its core semiconductor-systems business and its applied global-services segment, respectively, but also a 28% drop in display ...Business - The Wall Street Journal - November 14 -
Intuit, H&R Block shares fall after report that Trump government efficiency team is considering tax-filing app
A tax-filing app created by Trump's planned "Department of Government Efficiency" would be a competitor to both H&R Block and Intuit's TurboTax.Business - CNBC - November 19 -
Florida works to bring back tourism to its Gulf Coast following hurricanes Helene and Milton
Tourism officials on Florida’s Gulf Coast say one of the ways concerned people can help the area recover is to visit as tourists, even though some beaches are still closed to the public and debris ...Entertainment - ABC News - October 28 -
USA Track and Field will bring US Paralympics track and field program under its roof in January
USA Track and Field is bringing the U.S. Paralympics Track & Field program in-house beginning Jan. 1 as part of a partnership that will unite all of its athletesSports - ABC News - October 30 -
‘Dance music should bring people together’: Amsterdam tries to reclaim its night culture
High costs, property prices and stifling regulations have, along with Covid, damaged the city’s vibrant club scene. Balanced between a chair on the floor and a dresser stuck to the ceiling, Jordi ...World - The Guardian - November 2 -
GitHub unveils new AI capabilities, bringing Copilot to Apple’s Xcode and beyond
GitHub expands Copilot with multi-model AI, Apple Xcode support, Stack Overflow extent and Spark for easy app creation.Tech - VentureBeat - October 29
