Articles

Spotify shares rise 8% after report of additional price hikes

Shares of Spotify Technology climbed on Wednesday following a report that the company plans to raise prices further in several countries, including in the U.S., as it looks to cover the cost of audiobooks.

Paramount stock jumps 15% on reports of exclusive merger talks with Skydance

Paramount Global’s stock surged Wednesday after reports that the company has entered into exclusive merger talks with Skydance Media.

Sinclair’s Diamond Sports extends distribution deal with Charter Communications

Sinclair-owned Diamond Sports Group extended its distribution deal with Charter Communications, giving Spectrum customers access to the company’s regional sports networks.

Fisker withdraws financial guidance as talks to save itself continue

Fisker Inc. said late Wednesday it was withdrawing its financial guidance for 2024 as the embattled EV maker continues to seek alternatives to keep itself afloat.

Reddit’s story hinges on ‘promises we’ve heard too many times,’ a new bear says

A Bernstein analyst questions whether Reddit will be able to succeed where other small social-media players have struggled.

BlackBerry swings to surprise profit on sales growth for IoT, cybersecurity businesses

BlackBerry’s stock jump more than 6% after surprise quarterly profit for the tech company.

Greenlight’s David Einhorn pitches ‘boring essential-chemicals business’ Solvay

True to form, David Einhorn delivered another value-stock pick at this year’s Sohn Investment Conference on Wednesday.

Cash won’t flee money-market funds if the Fed gets its soft landing

Unlike much of the past half-century, the Federal Reserve isn’t facing a crisis or drastic rate cuts.

Levi Strauss nudges profit forecast higher following cost cuts, and shares are rallying

Shares of Levi Strauss & Co. rallied after hours on Wednesday after the jeans maker bumped its full-year profit forecast higher, helped by cost cuts and optimism from executives on demand for new as well as older products in the U.S. and abroad.

Fed’s Kugler expects inflation to slow further and result in rate cuts ‘this year’

Federal Reserve Gov. Adriana Kugler said she expects inflation to slow gradually this year and pave the way for the central bank to reduce interest rates.

Dell’s stock is at a new high — and it has beaten Apple’s over a five-year span

What’s old is new again, at least from Wall Street’s perspective.

Nearly 55,000 home sellers to receive $62 million in refunds from Opendoor

The Federal Trade Commission is sending checks to nearly 55,000 sellers who sold their homes to Opendoor after the iBuyer settled a lawsuit alleging deceptive practices.
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