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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