Latest in Big Companies Felony
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Reddit shares soar after company turns first-ever profit
Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue. Reddit on Tuesday reported a quarterly profit for the first ...World - The Guardian - October 30 -
Companies are increasingly talking about tariffs as Election Day nears
Republican presidential nominee Donald Trump described “tariff” as his favorite word earlier this month, and it’s increasingly a word that’s coming up in S&P 500 companies’ quarterly earnings ...Business - MarketWatch - October 31 -
Roku’s stock sinks after streaming company posts another quarterly loss
Roku Inc.’s stock fell in after-hours trade Wednesday, after the streaming platform posted another quarterly loss and flat average revenue per user.Business - MarketWatch - October 31 -
EBay stock sinks after lackluster Q4 guidance, election distraction
EBay reported better-than-expected earnings for the third quarter, but the results were overshadowed by a disappointing forecast for the current period.Business - CNBC - 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 -
Chinese smartphone company Honor gets new investors as it gears up for IPO
Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering.Business - CNBC - October 31 -
Jack Dorsey's payments company Block expands corporate card service to the UK
Block, the payments company owned by tech billionaire Jack Dorsey, has launched its corporate card service in the U.K.Business - CNBC - October 31 -
Merck’s stock slides as Q3 earnings beat estimates, but company lowers guidance
Merck’s stock fell Thursday morning, despite the company beating profit and sales estimates for the third quarter.Business - MarketWatch - October 31 -
Bristol Myers’s stock pops as earnings top estimates and company raises guidance
The company says it “made important strides in the third quarter.”Business - MarketWatch - October 31 -
Autonomous Trucking Company Aurora Delays Driverless Freight Launch
The Pittsburgh company will not start carrying cargo without drivers until April, when it plans the debut of its Dallas-to-Houston run.Business - Inc. - October 31 -
More Companies Boost Climate and Social Reporting Despite ESG Backlash
Despite sustained pressure from conservative politicians and activists, businesses are responding to investors and regulators who want to know about environmental, social and governance issues.Business - Inc. - October 31 -
Apple sales rise 6%, company seeing early iPhone 16 demand
Apple reported earnings after the bell. Here are the results.Business - CNBC - November 1 -
Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion
The financing efforts follow that of rival OpenAI, which recently closed a funding round that valued it at $157 billion.Tech - The New York Times - October 31 -
Security Tech Company Evolv Fires CEO Peter George
The chief executive was fired by the company board, not long after news of an internal investigation into its sales figures.Business - Inc. - November 1 -
Marc Benioff is in talks to sell media company Time to Antenna Group
Benioff acquired Time in 2018 for $190 million. Early talks to sell to Antenna have centered around a price of $150 million, according to a person familiar.Business - CNBC - November 1 -
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London protesters demand water companies clean up sewage-tainted rivers
Thousands of people have marched in London to demand a cleanup of Britain’s sewage-clogged waterwaysWorld - ABC News - 5 days ago -
Derrick Henry eclipses 100 career rushing TDs in a rout of the Broncos
Derrick Henry is the 10th back to score 100 rushing TDs in his career. He'll likely break into the top five before he finishes.Sports - Yahoo Sports - 5 days ago -
Rubio says Chinese hacking of U.S. telecom companies is a "very serious situation"
Sen. Marco Rubio, who is on the Senate Intelligence Committee, said Sunday that as "time goes on, we're going to learn more" about Chinese hacking of U.S. telecom companies.Top stories - CBS News - 5 days ago -
China piles pressure on rich people and companies to cough up taxes
Authorities rush to find ways to fill government coffers depleted by property sector slumpBusiness - Financial Times - 5 days ago -
How a love story launched the company behind Ozempic, Wegovy
Novo Nordisk, the pharma giant behind Ozempic and Wegovy, has surprising love story origins. The founders, a married couple, were looking for a way to tackle diabetes, which the wife suffered from.Top stories - CBS News - 5 days ago -
Sat-nav companies make changes after fatal crash
Google, Apple and TomTom say changes will be made to audio prompts after two women died.Top stories - BBC News - 4 days ago
