Articles

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.

AppLovin’s stock gains 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.

Barry Sternlicht says the Fed’s ‘tool kit is flawed’ for this economy, urges Fed rate cuts

Regional banks and the federal government are big losers of higher rates, but so are cities reeling from wobbling commercial real estate, says Starwood Property Trust’s CEO.

Investors in Uber and other gig companies could be hoping for a Trump win in November. Here’s why.

Biden’s policies are seen as much more friendly to gig workers, and his re-election could offer a fresh challenge for companies like Lyft and DoorDash.

Apple’s shockingly bad iPad ad is poorly timed and raising many questions

Apple Inc.’s new ad for the latest iPad is a shockingly bad image for a company that has for years sold its products to creators, sparking a fury of outraged comments among consumers and its customers.

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.

Bitcoin is trading sideways, but get ready for another rally in September

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Airbnb expects a stronger summer quarter, spurred by Olympics, but shares fall

Online vacation-rental platform Airbnb Inc. on Wednesday forecast second-quarter sales that were below Wall Street’s expectations, largely due to Easter falling in March this year, but the company said big events abroad like the Summer Olympics in Paris and the Euro Cup would help sales over the summer.

Extending Trump’s tax cuts could ‘run the deficit into the stratosphere.’ Here’s how much that could cost.

Extending a spate of the 2017 tax cuts enacted under former President Donald Trump could cost $4.6 trillion over 10 years, according to a fresh estimate on Wednesday.

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.
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