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Reddit could use this strategy to ‘monetize aggressively’ following its IPO

As Reddit makes the final preparations for its initial public offering, the social-media platform has plenty of ways to drive revenue and push toward profitability, according to Ido Caspi, a research analyst at Global X ETFs.

Geron’s stock soars 95% after FDA advisory panel votes in favor of blood-disorder drug

Geron Corp.’s stock rose 95% Friday, after an advisory panel to the Food and Drug Administration voted 12-to-2 in favor of the company’s blood-disorder drug imetelstat and said its benefits outweigh the risks.

New York City and Los Angeles continued to lose residents last year — but it’s not all bad news

Big American cities are still losing people, long after the pandemic first drove people out of urban centers, according to new U.S. Census Bureau data. But one expert says the figures actually reveal a positive trend.

Tesla’s stock gains, after Cathie Wood’s ETFs load up

The Ark ETFs spent more than $35 million to buy Tesla shares Thursday, the most in one day since buying restarted.

RFK Jr. talks AI and Elon Musk

Also: Tech stocks, a changing EV landscape, Reddit’s coming IPO and advice for tax time.

Realtor group agrees to cut commissions to settle lawsuits, in a move that could reshape home sales

The powerful National Association of Realtors has agreed to eliminate rules on commissions to settle lawsuits and to pay $418 million in damages.

Oil prices pull back from 4-month highs, on track for strong weekly gains

Oil futures pull back, but remain on pace for strong weekly gains after breakout to four-month highs.

Consumer sentiment dips in early March. Americans are neither optimistic nor pessimistic.

The reading from a survey of consumer sentiment fell slightly in early March from a 32-month high, indicating some uncertainty among Americans as to how the economy will perform in 2024.

Adobe’s stock slides toward worst day in 18 months, as AI story will take time

Adobe is seen as a potential AI beneficiary, but for now, investors seem disappointed in its monetization timeline.

Zero. That’s how much 28% of the country has saved for retirement.

How much is needed for a secure retirement varies by person and situation, but clearly, nothing is not enough.

Megabanks not immune to office space slowdown as stressed loan percentage jumps

FDIC Chairman Martin Gruenberg sees ‘downside risk for the industry’

U.S. industrial output inches up 0.1% in February after sharp decline in prior month

Industrial production rose 0.1% in February, the Federal Reserve reported Friday. The gain was above expectations of a flat reading, according to a survey by The Wall Street Journal.
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