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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. - 6 days ago -
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 - 6 days ago -
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 - 6 days ago -
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 - 6 days ago -
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 - 6 days ago -
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 - 6 days ago -
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 - 6 days ago -
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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 - Yesterday -
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 - 2 hours ago -
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 - 26 minutes ago -
China’s Stock Markets Rebound on Promises to Help Businesses
Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.Business - The New York Times - October 14 -
These stock-market watchers love this sector — and it’s not technology
My report on stocks and funds popular among top-performing investment newslettersBusiness - MarketWatch - October 14 -
Rachel Reeves should not appease bond market vigilantes
In preparing her inaugural Budget, she would do well to ignore advice from market sagesWorld - Financial Times - October 15 -
Does the Stock Market Want Trump to Be President?
Election odds favor Trump over Harris, but investors actually care about the Fed and economic data more than the White House.Business - Inc. - October 17 -
