Reddit’s Sees First Ever Profit as Explosive User Growth and AI Tools Help it Soar

Foreclosures in China Soar, Threatening to Choke Off Bank Profits

When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.

Business - The New York Times - November 4

Toast’s stock soars after company swings to profit and revenue beats estimates

Toast Inc.’s stock soared in after-hours trade Thursday, after the digital-payment platform for restaurants posted better-than-expected revenue for the third quarter, offsetting a profit miss.

Business - MarketWatch - November 8

How Best to Use ChatGPT, Gemini, and Other AI Tools? Our AI Expert Answers Your Questions

If you missed our live, subscriber-only Q&A with WIRED’s AI columnist Reece Rogers, you can watch this replay of the livestream.

Tech - Wired - 2 days ago

Meta AI to Use Reuters Content to Answer User Questions in Real Time

Meta AI didn’t share whether it would use Reuters content to train its large-language model.

Business - Inc. - October 27

Investors Want to See a Payout on Microsoft’s AI Efforts

As the tech giant readies a report of what’s forecast as its slowest quarterly growth in a year, shareholders want to see genuine demand for the AI applications it’s spent billions to develop.

Business - Inc. - October 28

Cisco sees product orders accelerate in the AI era, and its outlook moves higher

Networking company sees a 20% boost in product orders for the latest quarter.

Business - MarketWatch - November 14

Bitcoin resumes its climb, briefly touching $90,000 in late afternoon trading

Bitcoin climbed over the $90,000 level in late afternoon trading Tuesday.

Business - CNBC - November 12

Google’s strong earnings boosted by cloud computing gains

Parent company Alphabet’s shares rise 6% as results show lift from AI demand

Business - Financial Times - October 30

Robinhood earnings disappoint Wall Street despite company’s upward trajectory

The online brokerage’s third-quarter earnings missed analyst forecasts for both revenue and earnings per share.

Business - MarketWatch - October 31

BBVA Profit Beats Market Views on Mexico, Spain Growth

Banco Bilbao Vizcaya Argentaria’s third-quarter performance in Spain and Mexico, its key markets, drove its profit above market expectations.

Business - The Wall Street Journal - October 31

Warner Bros. Discovery Swings to Quarterly Profit on Strong Streaming Growth

The entertainment company swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers.

Business - The Wall Street Journal - November 7

Delta expects higher profits thanks to high-end travel and 'resilient economy'

Delta, the most profitable U.S. airline, expects to expand capacity by no more than 4% year-over-year in 2025.

Business - CNBC - 3 days ago

Australian 3D Printer Sees Strong Growth Tailwinds on Trump's Election

AML3D this week raised 30 million Australian dollars from shareholders and new institutional investors to expand its Ohio manufacturing facility.

Business - The Wall Street Journal - 2 days ago

Nvidia's Sales Soar as AI Spending Boom Barrels Ahead

The AI chip giant gave a strong outlook, pointing to healthy demand for next-generation chips.

Business - The Wall Street Journal - 3 days ago

Chinese AI startup takes aim at OpenAI's Sora with image-to-video tool launch

Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.

Business - CNBC - November 14

Anthropic’s new AI tools promise to simplify prompt writing and boost accuracy by 30%

Anthropic introduces new AI tools, including a prompt improver and example management, designed to automate prompt engineering, boost accuracy by 30%, and enhance enterprise AI development.

Tech - VentureBeat - November 14

BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.

Business - The New York Times - October 29

Why Constellation Energy’s stock is seeing a record selloff despite profit beat

Shares of Constellation Energy Corp. were in danger of a record selloff on Monday and were headed for their lowest prices since before the nuclear-power company signed a 20-year power-purchasing ...

Business - MarketWatch - November 4

Next profits poised to top £1bn for first time

UK retail bellwether raises outlook for third time in three months on the arrival of colder weather

World - Financial Times - October 30

Millions in Northeast and Midwest see first snowfall of the season

An abrupt change in weather is bringing the first significant snow of the season across the country, with a powerful snow storm blanketing areas of the Northeast and Midwest. NBC’s Sam Brock ...

Pearson Underlying Sales Rise, Plans Further Growth Through AI

Pearson delivered higher underlying sales for the third quarter, supported by growth across all divisions, and said it planned to accelerate its artificial-intelligence capabilities to drive ...

Business - The Wall Street Journal - October 29

AMD shares fall as forecast fails to impress despite strong AI growth

AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.

Business - CNBC - October 30

AI demand drives growth and higher spending at Amazon’s cloud business

Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarter

Business - Financial Times - October 31

Palantir’s stock surges as AI drives a further acceleration in growth

Palantir’s CEO says the latest earnings are ”a slap in the face of people who continue to believe that the value of AI is solely in building AI large language models.”

Business - MarketWatch - November 5

Analysts tout an 'underappreciated growth driver' at Microsoft that can benefit from AI

RBC analysts cheered Microsoft stock on Tuesday. But, this time it's for more than just the company's cloud computing business and AI ambitions.

Business - CNBC - November 5

Unity CEO Matthew Bromberg is a gaming, AI, and industry growth optimist | The DeanBeat

Matthew Bromberg painted a path forward for game developers in one of his first public talks as Unity CEO at GamesBeat Next 2024.

Tech - VentureBeat - November 15

Latest in Reddit’s Sees First Ever Profit as Explosive User Growth and AI Tools Help it Soar