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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. - October 30 -
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.Top stories - CBS News - October 30 -
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 - October 30 -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
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 - October 31 -
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 - October 31 -
UK borrowing costs soar day after Labour government unveiled tax-raising budget
U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing.Business - CNBC - October 31 -
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Palantir’s stock soars as earnings make at least one bear rethink his view
A Morgan Stanley analyst strips his “underweight” rating as Palantir’s latest results go against three elements of his prior bearish stance.Business - MarketWatch - November 5 -
Tesla’s stock is soaring on Trump’s win. Here’s why Wall Street is so upbeat.
CEO Elon Musk has close ties to Trump. Plus, Tesla could benefit from potential higher Chinese tariffs, an analyst says.Business - MarketWatch - November 6 -
North Dakota voters reject bid to end property taxes, which have soared nationwide since 2019
Measure 4 would have cost the state an estimated $3.15 billion over two years.Business - MarketWatch - November 6 -
Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk's electric vehicle company
Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White HouseTech - ABC News - November 6 -
‘Trump trades’ move into overdrive as Dow, dollar and bond yields soar. What’s next for markets.
The question for investors is what happens once the postelection euphoria wears off.Business - MarketWatch - November 6
