Articles

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.

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.
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