Articles

Ten-year Treasury yields back up to 4.5% as rate-cut optimism dims

Bond yields moved higher early Thursday as recent hopes over a summer rate cut were pared somewhat.

BOJ’s policy board becoming more concerned about effects of a weaker yen

The Bank of Japan’s policy board is becoming more concerned about upside risks to its inflation outlook amid the yen’s sharp weakening which leads to higher import prices, according to a summary of opinions from its latest April meeting released Thursday.

Sony, Apollo reportedly plan to break up Paramount if their buyout bid succeeds

Paramount Global’s vast entertainment empire would be broken up if a buyout bid from Sony Pictures Entertainment and Apollo Global Management succeeds, according to a new report.

Robinhood’s stock rises 4% as company swings to profit, drums up more business

Robinhood says it snapped up business from brokerage rivals and made inroads among gold investors.

Disney+, Hulu and Max to be part of new bundle as streaming rivals team up

Disney and Warner Bros. Discovery announced a new streaming bundle Wednesday that will be offered to customers beginning this summer.

Duolingo’s longer-term forecast gets brighter, but short-term outlook disappoints

Duolingo Inc. on Wednesday said it saw a jump in demand in the first quarter, but investors appeared more concerned about the second, even as the language-learning app offered up more optimism further out.

U.S. states’ tax revenue from legal cannabis tops $20 billion since 2014: study

U.S. states’ tax revenues from legal cannabis sales have surpassed $20 billion in total since the recreational marijuana industry kicked off 10 years ago, according to a study by the Marijuana Policy Project.

Beyond Meat faces less demand, more discounts for its fake meat

Beyond Meat sees less demand for its plant-based meats, blames inflation and high interest rates.

Trade Desk scores earnings beat as it continues to ride momentum in connected TV

Continued growth in advertisements on connected TV helped Trade Desk Inc. beat earnings expectations for the latest quarter when it reported results Wednesday afternoon.

Instacart names Uber veteran its new CFO, as results top estimates

Maplebear Inc. — the grocery-delivery platform better known as Instacart — said Wednesday that its chief financial officer had resigned, effective immediately, and appointed a veteran of Uber Technologies Inc. in his place.

AMC’s Q1 loss narrows and ‘better times are ahead’ says CEO Adam Aron

AMC Entertainment Holdings Inc. narrowed its loss in the company’s first-quarter results after the bell Wednesday, and outperformed amid the lingering impact of the Hollywood writers’ and actors’ strikes, according to Chief Executive Adam Aron.

The real winner of the Drake-Kendrick Lamar feud is this Chinese restaurant

The rap beef between Drake and Kendrick Lamar is leading to more sales of, well, beef.
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