Powerball Jackpot Jumps
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Jackpot! Slot-machine gamblers could keep more of their winnings from IRS scrutiny under proposed rule.
Gamblers who play slot machines may soon be able to win more money before the Internal Revenue Service takes notice — and it could be the recent stretch of hot inflation that melts away some longstanding rules around gambling and taxes.MarketWatch - 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 -
China's imports jump 8.4% in April, exceeding expectations as purchases from the U.S. grow
China's customs agency released data Thursday that showed exports rose in-line with expectations in April, while imports surged ahead of forecasts.CNBC - Business - China -
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 -
Airbnb wary of slowdown after early Easter sparks jump in profits
Home rental platform’s revenue growth forecast of 8%-10% in the second quarter is below recent trendFinancial Times - 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 -
Interest rates on federal student loans may increase by 1 percentage point: ‘A fairly big jump,’ expert says
The interest rates on federal student loan rates will likely rise by about 1 percentage point in the 2024-2025 academic year. Here's what to know.CNBC - Business -
Wall Street analyst jumps to Disney's defense — plus, why Broadcom is bucking the chip decline
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business