Articles

‘Rocketship’ Reddit’s third-quarter results a real ‘Jekyll and Hyde’ story, says Bernstein

Reddit Inc.’s better-than-expected third-quarter results highlight the social-media platform’s strong growth potential, analysts say. 

Crypto’s ‘Death Star’ election spending has wowed D.C. Will profits follow?

Digital asset companies are the biggest corporate donors in 2024

‘It was obvious I wasn’t in Kansas anymore’: My local bank has no cashiers — and it went downhill from there. What’s happened to all the banks?

“There were tellers, three chairs, visible safe-deposit boxes and an ATM.”

Dropbox to cut 20% of workforce as it moves to boost growth

Dropbox Inc.’s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it’s cutting about 20% of its global workforce in an effort to streamline its structure.

Pending home sales jump to six-month high as lower mortgage rates draw buyers in

U.S. pending home sales rose 7.4% in September, the National Association of Realtors said on Wednesday.

AMD and Alphabet hit earnings targets this week — now Apple, Amazon, Microsoft and Intel get their shot

The stock market is giving Big Tech tougher demands for its continued support.

Eli Lilly’s stock tumbles as Mounjaro, Zepbound sales miss by wide margins

Eli Lilly’s stock heads for biggest selloff since 2008 after sales of anti-obesity drugs Mounjaro and Zepbound came up well short of forecasts.

U.S. Treasury says debt-auction sizes can remain steady for next several quarters

Agency to auction $125 billion next week, unchanged from last quarter

AMD’s stock is getting hurt by this ‘unpalatable’ reality

One analyst says that AMD’s muted guidance is unlike what Wall Street has come to expect of “AI names.”

ADP jobs report shows 233,000 gain in private-sector hiring — much stronger than expected

U.S. businesses 233,000 new jobs in October to mark the biggest gain in 14 months, paycheck company ADP said, suggesting the labor market is somewhat stronger than previously believed.

U.K. to lift minimum wage to $15.84 an hour. Here’s how it compares to the U.S.

The U.K.’s chancellor of the exchequer confirmed the government will lift the U.K.’s national minimum wage by 6.7% in April 2025 to hourly rates of £12.21 ($15.84)

Caterpillar’s stock drops as weak equipment sales lead to a rare profit miss

Caterpillar’s stock drops after a rare profit miss, while revenue was below expectations for a fourth straight quarter.
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