By Jaspreet Singh (Reuters) -Reddit forecast second-quarter revenue above Wall Street estimates on Thursday, betting on growing digital advertising spend on the social media platform despite uncertainty over marketing budgets. The company’s shares, which rose as much as 20% in extended trading, pared gains to trade up 7%, after CEO Steve Huffman said on a …
Reddit’s strong revenue forecast signals advertising strength Read More »
(This April 30 story has been republished to change the image, with no changes to text) NEW YORK (Reuters) – Bank of New York Mellon has asked its employees to return to the office four days a week by September 2 from a current three days, according to a memo from the bank’s executive committee …
BNY asks employees to return to office four days a week by September Read More »
By Ateev Bhandari (Reuters) -Block cut its profit forecast for 2025 and missed estimates for quarterly earnings on Thursday as the payments firm grapples with muted consumer spending, sending its shares down 19% in extended trading. President Donald Trump’s trade policies have sparked concerns over consumer spending, which makes up more than two-thirds of U.S. …
Block trims forecast as consumer spending slowdown fears mount, shares slump Read More »
By Priyanka G (Reuters) -Roku trimmed its annual revenue expectations and forecast second-quarter revenue below Wall Street estimates on Thursday, due to economic uncertainty and tariff-related concerns, sending its shares down 4.9% in after-hours trading. Roku faces tough competition from tech giants such as Amazon and Apple, which offer similar streaming devices: the Amazon Fire …
Roku trims annual revenue forecast as economic uncertainty weighs Read More »
(Reuters) -Strategy, the biggest corporate holder of bitcoin, reported a fifth consecutive quarterly loss on Thursday due to an unrealized loss on its cryptocurrency holdings. Bitcoin surged to record highs following Donald Trump’s November 2024 presidential election victory, propelling the shares of Strategy to an all-time high, which contributed to earning it a spot in …
By Allison Lampert and Rajesh Kumar Singh (Reuters) -A plan by JetBlue Airways to sign a domestic partnership with another airline faces opposition from its pilot union, which has warned the move could “fundamentally reshape” the U.S. carrier and impact the future of its workers. The head of JetBlue’s pilot union told members on Wednesday …
Exclusive-JetBlue’s plan for domestic partnership faces union backlash Read More »
(Reuters) -Ticketmaster-parent Live Nation Entertainment missed Wall Street estimates for first-quarter revenue on Thursday, hurt by higher concert ticket prices amid economic uncertainty. Consumers are reducing discretionary spending due to high inflation and recession fears, affecting demand for entertainment services provided by companies like Live Nation, which are often associated with higher costs. Revenue for …
Live Nation posts lower-than-expected first quarter revenue Read More »
(Reuters) -Frontier Group, the parent of U.S. discount carrier Frontier Airlines, forecast an unexpected second-quarter loss on Thursday, even as it said demand for May and early summer travel has now stabilized. Trump’s trade policy and sweeping tariffs have sparked a global trade war and raised the odds of the world spiraling into recession, making …
Frontier Airlines forecasts a second-quarter loss as Trump tariffs hurt demand Read More »
By Akash Sriram (Reuters) – Language learning app Duolingo forecast second-quarter revenue above Wall Street estimates and lifted its annual sales expectations on Thursday, as more users pay for subscriptions featuring AI features, sending its shares up 13% in extended trading. Duolingo operates on a “freemium” model, offering a basic set of features for free …
Duolingo raises 2025 forecast as AI-powered subscription garners wider appeal Read More »
By Federico Maccioni (Reuters) -A stablecoin launched by Donald Trump’s World Liberty Financial crypto venture is being used by an Abu Dhabi investment firm for its $2 billion investment in crypto exchange Binance, one of World Liberty’s co-founders said on Thursday. It’s the latest in a series of Trump family crypto-related ventures, including a “meme …
