Stock Market Debut
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Jim Cramer's top 10 things to watch in the stock market Wednesday
Wall Street's winning streak may come to an end Wednesday.CNBC - Business -
Stock-market crash fears are fading, according to options traders
As U.S. stocks have rebound from last month’s selloff, options traders aren’t buying as many contracts that would pay off if the market were to crash.MarketWatch - Business -
AppLovin’s stock rallies as earnings highlight improvements in app ad market
Investors were liking the latest numbers from AppLovin on Wednesday, as its stock headed higher in the extended session.MarketWatch - Business -
Stock-market bulls shouldn’t fear a long Fed pause before interest-rate cuts
History shows the S&P 500 tends to do well when the Federal Reserve leaves rates on hold.MarketWatch - Business - Federal Reserve -
HD Hyundai Marine Makes Strong Debut
The company’s shares nearly doubled in their trading debut after it raised more than $540 million in South Korea’s biggest initial public offering in more than two years.The Wall Street Journal - Business -
The Voice Coach Battle will debut in The Sandbox immersive game world
The Voice talent show is taking a leap into the metaverse with The Voice Coach Battle, a new show that will debut in The Sandbox.VentureBeat - Tech -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
Reddit shares soar 11% after company reports revenue pop in debut earnings report
Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.CNBC - Business -
Travis Kelce lands first major acting role in Ryan Murphy horror series 'Grotesquerie'
Three-time Super Bowl champion Travis Kelce, 34, is making his way from the football field to the small screen for his first major acting role in Ryan Murphy's FX horror drama "Grotesquerie."NBC News - Top stories -
Paul Skenes debut: Pirates' top prospect, No. 1 pick in 2023 MLB draft, promoted to majors
CBS Sports ranked Skenes as the top pitching prospect in the minors entering the seasonCBS Sports - Sports - MLB -
Pirates are calling up top pitching prospect Paul Skenes for his major league debut, AP source says
A person with direct knowledge of the decision says the Pittsburgh Pirates will promote top pitching prospect Paul Skenes for his major league debut SaturdayABC News - Sports -
Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”MarketWatch - Business -
Elephant Mario Plush Is Back In Stock At Amazon
Super Mario Bros. Wonder was among the biggest releases of 2023, so it should come as no surprise that the iconic Elephant Mario power-up has received the Little Buddy plush treatment. This plush has sold out quickly each time it's been available ...GameSpot - Tech -
Why Lyft's Stock Is Pulling Ahead of Uber's
Low expectations can also be a blessing.The Wall Street Journal - World -
How good can Paul Skenes be? What to know about Pirates prospect and his 100 mph fastball before MLB debut
Skenes, the No. 1 pick in last year's draft, will make his MLB debut Saturday against the CubsCBS Sports - Sports - MLB -
New York Times stock gains as adjusted profit rises by 41%
Digital subscriptions rise by 210,000 in a ’strong start’ for the year.MarketWatch - Business - New York -
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.MarketWatch - Business -
Why You Shouldn't Sell Your Stocks Before the Presidential Election
Strategists are cautioning investors against dumping positions ahead of a summer rally.Inc. - 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 -
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 -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
Teva Pharmaceutical’s stock climbs as schizophrenia treatment shows promise
Teva Pharmaceutical Industries stock jumped more than 6% early Wednesday after the company reported first-quarter sales that topped estimates and released positive late-stage trial data on a schizophrenia treatment.MarketWatch - Business -
Tripadvisor’s stock could see record plunge as potential buyout plans dropped
Tripadvisor’s stock took a dive premarket Wednesday, after the online travel-booking company said it decided pursuing a potential sale would not be in the best interest of the company or its shareholders.MarketWatch - Business -
Why Uber’s stock is having a bumpy ride after earnings
Uber Technologies Inc. posted mixed earnings on Wednesday, beating estimates on an adjusted profit metric while giving an outlook for bookings that was below expectations.MarketWatch - Business -
Intel’s stock drops after Biden administration bans some sales to China’s Huawei
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.MarketWatch - Business - Joe Biden -
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.MarketWatch - Business -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - Business -
Arm crushes earnings expectations, but stock falls as forecast lacks wow factor
After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.MarketWatch - 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 -
Hong Kong Shares Rise 0.3%, Led by Tech Hardware, Pharma Stocks
Hong Kong shares edged higher after opening flat. After a recent rally, investors shift focus to China’s April economic data.The Wall Street Journal - World - Hong Kong -
Lone Pine Capital Resumes Private-Market Investments
Investment firm Lone Pine Capital resumed backing private companies, more than two years after shifting its focus to publicly traded businesses.The Wall Street Journal - World -
Don't Junk New York's Legal Marijuana Market
The black market doesn’t have to triumph.The Wall Street Journal - World - New York -
U.S. crude oil recovers losses after surprise stockpile decline
Oil prices have fallen 8% since April highs, but Morgan Stanley sees a tighter market heading into summer driving season.CNBC - Business -
Are There Enough Fans for the N.H.L.’s Smallest Market to Keep Its Team?
The Winnipeg Jets’ season was clouded by dwindling attendance and concerning comments made by ownership about the franchise’s future.The New York Times - Sports -
LSU coach Brian Kelly: 'We're not in the market of buying players'
Kelly said LSU hasn't "fared very well" in its attempts to add transfer defensive linemen.Yahoo Sports - Sports -
Interpreting LSU coach Brian Kelly's declaration that Tigers are 'not in the market of buying players'
After failing to add a difference-making DT in the spring portal window, Kelly said that "if you just want to get paid, this is not the place for you."CBS Sports - Sports -
AstraZeneca pulls its COVID-19 vaccine from the European market
The pharma giant AstraZeneca has requested that the European authorization for its COVID-19 vaccine be pulledABC News - Health - Covid -
AstraZeneca withdraws its COVID-19 vaccine from global market
AstraZeneca is withdrawing its COVID-19 vaccine from the market because of low demand, the drugmaker said Wednesday. The shot, which was never authorized in the U.S., was widely used across the world in the early part of the global vaccine drive. ...The Hill - Politics - Covid -
Home prices keep climbing nationally, but they’re falling in these 15 markets
Home prices see growth in 93% of U.S. metropolitan areas despite ‘highest mortgage rates in two decades,’ National Association of Realtors says says.MarketWatch - Business -
Brookfield Sees 'Stable' Markets Driving Both Investments and Asset Sales
The Canadian infrastructure-focused asset manager has invested $11 billion during this year’s first quarter.The Wall Street Journal - World