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Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”MarketWatch - Business -
Elephant Mario Plush Is Back In Stock At Amazon
Super Mario Bros. Wonder was among the biggest releases of 2023, so it should come as no surprise that the iconic Elephant Mario power-up has received the Little Buddy plush treatment. This plush has sold out quickly each time it's been available ...GameSpot - Tech -
Why Lyft's Stock Is Pulling Ahead of Uber's
Low expectations can also be a blessing.The Wall Street Journal - World -
WATCH: Women attempt to break skydiving record
The Skydive Ramblers, a group of 24 skydivers in Queensland, Australia, took the leap straight into the record books with a special formation.ABC News - Top stories -
Sony and Apollo’s Plan for Paramount: Break It Up
CBS and other well-known properties would be sold if Sony and Apollo are able to buy Paramount. But the new owners would keep the movie studio.The New York Times - Business -
Sony and Apollo’s Plan for Paramount: Break It Up
CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie studio.The New York Times - Top stories -
New York Times stock gains as adjusted profit rises by 41%
Digital subscriptions rise by 210,000 in a ’strong start’ for the year.MarketWatch - Business - New York -
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.MarketWatch - Business -
Why You Shouldn't Sell Your Stocks Before the Presidential Election
Strategists are cautioning investors against dumping positions ahead of a summer rally.Inc. - Business -
Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.The Wall Street Journal - World -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
Teva Pharmaceutical’s stock climbs as schizophrenia treatment shows promise
Teva Pharmaceutical Industries stock jumped more than 6% early Wednesday after the company reported first-quarter sales that topped estimates and released positive late-stage trial data on a schizophrenia treatment.MarketWatch - Business -
Tripadvisor’s stock could see record plunge as potential buyout plans dropped
Tripadvisor’s stock took a dive premarket Wednesday, after the online travel-booking company said it decided pursuing a potential sale would not be in the best interest of the company or its shareholders.MarketWatch - Business -
Why Uber’s stock is having a bumpy ride after earnings
Uber Technologies Inc. posted mixed earnings on Wednesday, beating estimates on an adjusted profit metric while giving an outlook for bookings that was below expectations.MarketWatch - Business -
Jim Cramer's top 10 things to watch in the stock market Wednesday
Wall Street's winning streak may come to an end Wednesday.CNBC - Business -
Intel’s stock drops after Biden administration bans some sales to China’s Huawei
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.MarketWatch - Business - Joe Biden -
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.MarketWatch - Business -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - Business -
Stock-market crash fears are fading, according to options traders
As U.S. stocks have rebound from last month’s selloff, options traders aren’t buying as many contracts that would pay off if the market were to crash.MarketWatch - Business -
Arm crushes earnings expectations, but stock falls as forecast lacks wow factor
After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.MarketWatch - Business -
AppLovin’s stock rallies as earnings highlight improvements in app ad market
Investors were liking the latest numbers from AppLovin on Wednesday, as its stock headed higher in the extended session.MarketWatch - Business -
Robinhood Stock Jumps After Company Reports Record Revenue and Profit
The online brokerage’s revenue and earnings topped Wall Street expectations. Shares were up about 6% after hours.The Wall Street Journal - World -
Hong Kong Shares Rise 0.3%, Led by Tech Hardware, Pharma Stocks
Hong Kong shares edged higher after opening flat. After a recent rally, investors shift focus to China’s April economic data.The Wall Street Journal - World - Hong Kong -
Alabama Approves Tax Breaks for Businesses That Help Employees Afford Child Care
A unanimous vote in the state legislature will create a $15 million tax credit pool for companies that offer childcare stipends, on-site day care, or reserved spots at licensed facilities.Inc. - Business -
A Serene Oasis for Making Music
Aaron Dessner’s Long Pond recording studio breaks a lot of design rules. It’s why musicians like Taylor Swift have put it on the map.The New York Times - Lifestyle -
D.C. Police Break Up GWU Pro-Palestinian Protest Encampment
The action, with 33 arrests, came a few hours before Mayor Muriel Bowers of Washington was scheduled to testify on Capitol Hill about the city’s handling of the protest. The hearing was canceled.The New York Times - Top stories -
Police break up another protest by pro-Palestinian activists at the University of Amsterdam
In sometimes violent confrontations, police have broken up a protest by pro-Palestinian activists at the University of Amsterdam Wednesday in a second straight day of unrest over the war in GazaABC News - World