Articles

DraftKings cuts full-year outlook, citing unfavorable sports-betting outcomes

DraftKings stock falls as “customer-friendly” sports outcomes early in the current quarter led to a lowered full-year revenue outlook.

Pinterest’s stock tumbles as earnings show slim revenue beat

Pinterest Inc.’s stock tumbled 14% in after-hours trading Thursday after the company, which operates a platform for photo and video sharing, posted third-quarter earnings showing a slim revenue beat.

Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV

Rivian posted a wider loss and lower sales than Wall Street expected, but says it is making progress with its next-generation EV platform.

Affirm sees booming buy-now-pay-later growth, but stock dips after earnings

The company is seeing more of its business shift toward interest-bearing products.

Consumer credit posts small increase as Americans cut back on credit-card purchases

The amount of credit U.S. consumers used in September rose a scant 1.4%, but the increase was tied mostly to student loan as Americans scale back on borrowing.

Toast’s stock soars 26% after company swings to profit and revenue beats estimates

Toast Inc.’s stock soared in after-hours trade Thursday, after the digital-payment platform for restaurants posted better-than-expected revenue for the third quarter, offsetting a profit miss.

Trump’s win and the Fed’s rate cut are giving the stock market an open road

S&P 500 races ahead, and opportunities surface in solar power and crypto.

Lucid opens its order books for Gravity SUV, calling it a ‘landmark’ EV

Lucid to start taking orders for its Gravity SUV and says its financial runway is wide open through 2026.

Block offers a glimpse of what to expect next year, but its stock slides

The parent company of Square and the Cash App expects to keep expanding operating margins into 2025.

S&P 500 in a ‘mania’ as stock-market rally overshoots, says Wall Street bear

One of Wall Street’s last remaining bears warned Thursday that the S&P 500 is approaching “mania” levels as stocks become more expensive, setting up the potential for a further surge in the near term followed by a painful pullback.

Upstart’s return to ‘growth mode’ helps send the AI lending stock higher

Loan volumes picked up 43% on a sequential basis.

Virgin Galactic building the foundation for strong future profitability, KeyBanc says

Virgin Galactic Holdings Inc.’s progress toward its new class of spacecraft bodes well for the company’s future profitability, according to KeyBanc Capital Markets.
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