Latest in Soaring Cost Sickness
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Reddit shares soar 25% as it turns its first profit
Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay offBusiness - Financial Times - October 29 -
Reddit shares soar 22% on earnings beat and better-than-expected forecast
Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.Business - CNBC - October 29 -
Alphabet quiets the doubters with ‘all-around’ strength that sends stock soaring
“We believe that this ship is sailing smoothly and doing everything right,” an analyst says.Business - MarketWatch - October 30 -
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 -
Roblox’s stock soars on third-quarter bookings beat and raised guidance
Roblox shares rose after the online gaming company reported better-than-expected third-quarter bookings and raised its full-year guidance.Business - MarketWatch - October 31 -
NHL Power Rankings: Jets Still Soar, But It's Very Close Up Top
The NHL power rankings' top squad retains its spot, but for how long? The past week has seen some big climbers and surprising fallers as Jason Chen ranks all 32 NHL teams.Sports - Yahoo Sports - October 30 -
Wayfair customers are more price conscious, have cut spending as election nears
Wayfair’s stock turned lower as some downbeat comments about the home-goods seller’s customers followed an earnings beat.Business - MarketWatch - November 1 -
Death toll in Spain soars to more than 150 following severe flooding
The death toll in Spain has risen to more than 150 people after torrential rain caused severe flooding. The city of Valencia has been declared a disaster zone and officials are warning the ...Top stories - NBC News - November 1 -
With ‘season on the line,' Garrett Wilson and Davante Adams sparked Jets, Aaron Rodgers. Now what?
Rodgers and his two star wideouts finally clicked in the second half of Thursday's win. But do the Jets have enough time to dig out of a hole this season?Sports - Yahoo Sports - November 1 -
Move over Black Friday: Consumer interest in 'Travel Tuesday' soars
Search interest for "Travel Tuesday" rose more than 500% over the last two years, according to a report published Thursday by McKinsey & Company.Business - CNBC - November 4 -
Foreclosures in China Soar, Threatening to Choke Off Bank Profits
When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.Business - The New York Times - November 4 -
Taiwan’s soaring energy prices and growing outages hit chipmaker TSMC
Industry loses competitiveness as government struggles to afford cheap-power incentivesWorld - Financial Times - November 5 -
Wall Street and bitcoin soar to record highs as Trump wins US election
Dollar up and renewable energy stocks down, while shares in president-elect’s media business rise by more than a third. Analysis: Trump policies mean higher prices Business live – latest ...World - The Guardian - November 6 -
Bank stocks soar as Trump victory expected to lead to looser regulatory backdrop
Banks have been pushing all year to loosen capital requirements and are also expected to benefit from potential tax cuts.Business - MarketWatch - November 6 -
Oil prices end with a modest loss as Trump’s win lifts the dollar
Oil futures finished lower Wednesday, but pared much of the earlier losses that pulled U.S. prices briefly below $70 a barrel, as traders weighed the potential impact of former President Donald ...Business - MarketWatch - November 6 -
Trump Win Sends Trump Media and Tesla Shares Soaring
Companies linked to the president and his prominent supporter Elon Musk shot up after the election, as did U.S.-focused small cap shares.Business - Inc. - November 6 -
Dow soars as these areas are ‘likely market winners’ of potential Republican sweep
Stocks surged Wednesday after Donald Trump won the U.S. election.Business - MarketWatch - November 6 -
Lyft shares soar 20% on results and autonomous-vehicle partnership
Lyft reported third-quarter sales that beat expectations while offering an upbeat demand forecast, after the ride-hailing platform earlier in the day announced an autonomous-vehicle partnership ...Business - MarketWatch - November 7 -
Chinese exports soar as Beijing prepares for trade tensions with Trump
China could respond to aggressive new tariffs with bigger stimulus action or currency depreciation, say analystsWorld - Financial Times - November 7 -
Private jet emissions soar almost 50% in four years
High use of aviation ‘taxis’ for big events such as World Cup, Davos — and climate summits, study findsWorld - Financial Times - November 7 -
AppLovin, top tech stock of the year, soars another 46% on earnings beat
AppLovin was already the best-performing tech stock of 2024, and that was before the stock popped on a big earnings beat.Business - CNBC - November 7 -
WK Kellogg’s stock soars as strength in granola and premium cereals boosts sales
WK Kellogg Co.’s stock was enjoying a record rally on Thursday, after the cereal company beat third-quarter earnings expectations as strength in premium granola sales helped mitigate ...Business - MarketWatch - November 7 -
Haitian activists demand halt to deportations as gang violence and poverty soar
Haitian activists are demanding that other countries temporarily stop deportations to their country given a surge in gang violence and deepening povertyWorld - ABC News - November 7 -
FirstFT: Trump’s first appointment
Also in today’s newsletter, Fed cuts rates and Citi revamps wealth banker payWorld - Financial Times - November 8 -
Toast’s stock soars after company swings to profit and revenue beats estimates
Toast Inc.’s stock soared in after-hours trade Thursday, after the digital-payment platform for restaurants posted better-than-expected revenue for the third quarter, offsetting a profit miss.Business - MarketWatch - November 8 -
IAG Earnings Soar Above Market Views on Strong Demand
The British Airways owner said earnings rose ahead of expectations with solid demand driving an increase in revenue.Business - The Wall Street Journal - November 8 -
Rheinmetall Posts Soaring Sales, Shrugs off Political Instability Concerns
The German arms maker posted a 39.5% increase in sales, as it consolidated its place as one of Europe’s main ammunition and weapon suppliers.Business - The Wall Street Journal - November 7 -
Trump calls for investigation of 'rumors' he plans to sell Trump Media stock
Donald Trump, majority owner of the Truth Social operator Trump Media, defeated Kamala Harris in the 2024 presidential election.Business - CNBC - November 8 -
Dogecoin soars as altcoins look to benefit from Trump presidency
Dogecoin has been among the leaders of the crypto rally over the past week, as Elon Musk, a longtime supporter of the altcoin, seems to be exerting more influence on Donald Trump’s presidential ...Business - MarketWatch - November 11
