Cnbc - 07/05/2024 22:55

Reddit shares soar 14% after company reports revenue pop in debut earnings report

Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.

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Cnbc - World

Chinese EV maker Xpeng aims to deliver its first flying car in 2026...

19/05/2024

Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range. Xpeng AeroHT, introduced the Land Aircraft Carrier, a large truck with a detachable flying two-seater passenger electric drone inside. [Read more]

Here's what has driven the Dow rally to 40,000, and why it could keep going...

19/05/2024

The Dow Jones Industrial Average passing the 40,000 barrier makes for a nice headline, but market experts do not take much else from the move. [Read more]

GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped...

19/05/2024

GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales. [Read more]

OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it...

19/05/2024

OpenAI has dissolved its Superalignment team amid the high-profile departures of both team leaders, Ilya Sutskever and Jan Leike. [Read more]

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Cnbc - Finance

Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis...

19/05/2024

Stellantis' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker, the company announced Friday. [Read more]

Frontier Airlines does away with change fees in budget airline pricing overhaul ...

19/05/2024

The budget airline's changes come amid the Biden administration's crackdown on so-called "junk fees." [Read more]

Mercedes-Benz workers in Alabama vote against UAW union membership...

19/05/2024

The results are a blow to the UAW's organizing efforts a month after the Detroit union won an organizing drive of Volkswagen plant workers in Tennessee. [Read more]

Media giants lean on sports as Hollywood strikes still loom over content slates...

19/05/2024

Media companies charming advertisers during the Upfront meetings let sports take center stage as content slates still suffer from last year's Hollywood strikes. [Read more]

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