Borrowing Costs Soar

Reddit's explosive user growth and AI tools help it soar to its first profit as a public company

Reddit has turned a profit for the first time as a public company

Tech - ABC News - Yesterday

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

The social discussion platform beat Wall Street analyst forecasts, with quarterly sales results better than 10 percent above estimates.

Business - Inc. - Yesterday

Reddit stock price soars after social media player reports rare profit

Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.

Carvana’s stock soars 20% as used-car retailer calls for better times ahead

Online used-car platform blows past Wall Street expectations for its third quarter.

Business - MarketWatch - Yesterday

United Airlines and Nvidia bookend list of 15 soaring S&P 500 stocks in October

Two airlines and two cruise lines make the list of the month’s best performers in the U.S. benchmark index.

Business - MarketWatch - 12 hours ago

Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO

Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.

Business - MarketWatch - 8 hours ago

Children must not pay price of council cuts, commissioner says

Local government experts say councils made all the "easy cuts" years ago and still face shortfalls.

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