Articles

Instacart shares are rallying on a forecast boosted by restaurant orders

Shares of Maplebear Inc. — the online grocery-delivery company better known as Instacart — jumped after the company forecast a key demand metric that was above Wall Street’s expectations on Tuesday, as it tries to partner with bigger retailers and bank on more restaurant orders through its app.

Homeowners are flocking to HELOCs. Watch out for these pitfalls.

Homeowners across the U.S. are sitting on record levels of housing wealth, but cashing in without a clear need is a bad idea, one expert warns.

Tripadvisor unveils mixed quarter, with 1% revenue growth

Tripadvisor shares drop more than 7% after the miss.

Prices for Disney+, Hulu and ESPN+ are going up again. Here’s what they’ll cost.

Get ready to pay more for Disney+, Hulu and ESPN+, as the Walt Disney Co. is raising prices for its streaming services in an effort to boost revenue and profitability.

Upstart’s stock soars as fintech company’s CEO says comeback is in the works

After giving a better-than-expected forecast, Upstart sees its “comeback story” on the horizon.

Reddit reports second-quarter revenue beat and narrower-than-expected loss

Reddit Inc. reported its second quarterly results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss, and giving sales guidance that surpassed Wall Street’s expectations.

Rivian’s stock drops more than 7% as EV maker’s quarterly loss balloons

Shares of Rivian Automotive Inc. dropped in the after-hours session Tuesday after the EV maker reported a mixed quarter, with a much wider-than-expected quarterly loss trumping revenue that came in slightly above forecast.

Airbnb says it’s seeing ‘some signs of slowing demand’ in the U.S.

The home-sharing company said it is seeing “shorter booking lead times globally” in its earnings report.

Lumen earnings give a glimpse of how new AI deals could impact the business

The telecommunications and fiber company now expects $1.0 billion to $1.2 billion in free cash flow for the full year, up from a prior outlook of $100 million to $300 million.

As inflation bites, parents are borrowing more than ever to pay for college

The annual Sallie Mae report on how America pays for college does not signal good news for next year, either.

‘I don’t think the consumer is in trouble’: Debt is going up, but that doesn’t mean a recession is on the way

“The prospects for the economy and prospects for the stock market do not go hand in hand,” one economist noted.

Bond investors are coping with recession anxiety, extreme volatility

It took only about a week for riskier U.S. corporate bonds with ‘junk’ credit ratings to erase all of their gains this year.
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