Reddit's stock drops 15% after the CEO said a Google algorithm tweak hurt traffic
CEO Steve Huffman said a Google algorithm tweak caused "volatility" on the site.
Earnings
Corporate America has never been more confident, even as Trump's ever-evolving policies make planning almost impossible
Companies were unusually optimistic this quarter as fourth-quarter earnings came in strong. Here's why CEOs are hopeful despite tariff uncertainty.
McDonald's bet on $5 McValue meals is paying off
McDonald's CEO, Chris Kempczinski, said that the $5 deal is "driving other purchases," raising the average check "north of $10."
Sales to loyal McDonald's customers surge as Rewards push pays off
Sales to members of McDonald's loyalty scheme rose 30% to about $30 billion last year, while global Q4 sales were higher despite dipping in the US.
Pinterest jumps 18% after reporting its first-ever $1 billion quarter and a strong sales outlook
As well as hitting $1 billion in quarterly revenue for the first time, Pinterest reached record user numbers, with 553 million monthly visits.
Capri's CEO says Versace's revenue sank because it made 2 mistakes
Capri CEO John Idol said Versace may have leaned too hard into quiet luxury while pricing out its entry-level customers.
Snap CEO says 'environment of uncertainty' around TikTok has boosted Snapchat
Snap CEO Evan Spiegel said the company saw an engagement boost when TikTok "went dark" in the United States after the ban law went into effect.
AI and the cloud in focus for Wall Street as analysts grow bullish ahead of earnings
Top Wall Street analysts are bullish on numerous fronts, from cloud services to AI to robotics. The tech giant reports Q4 earnings on Thursday.
YouTube takes a podcast victory lap
Podcasts are the new talk shows, which is great news for YouTube. Google underlined this in its earnings call Tuesday.
Alphabet is planning to spend big on AI again this year, sending shares down
Alphabet's fourth-quarter earnings showed slowing growth in its Cloud Services business and a bigger-than-expected capex forecast for 2025.
The AI dream is alive and well for Palantir
Bank of America analysts raised their price target on the stock after earnings, citing Palantir's edge in a crowded market. Shares were up 27% on Tuesday.
'Tyranny of high expectations': A veteran investment chief explains why he's quietly cutting exposure to US stocks, even though he's optimistic about the economy and AI
US stocks are near record highs, despite slowing GDP growth and AI questions. A veteran investment chief shared how to approach the market right now.
Swatch — the parent of Longines, Omega, and Tissot — is seeing sales slump, and it's because of China
Watch group Swatch saw its sales decline by more than 12% and its profits by 75% in 2024.
Bitcoin boosts Tesla profits by almost $600 million after accounting rule change
Elon Musk's EV maker invested $1.5 billion in bitcoin in early 2021. Companies can now record paper gains on cryptocurrencies as net income.
Microsoft's AI business is booming. It's not enough to soothe investors.
Microsoft reported lower-than-expected revenue growth for its AI and cloud divisions as scrutiny grows over tech's AI investments.
Wall Street is growing more bullish on Tesla's AI push ahead of earnings
With Tesla set to release its latest quarterly earnings report, Wall Street thinks the stock can keep rising on a "golden age" for automation and AI.
Starbucks' sales turnaround plan seems to be working
Starbucks reported first-quarter results that were better than expectations, though sales at the coffee chain still fell.
DeepSeek is going to be the biggest topic in tech earnings this week, analysts say
As US companies prepare for this earnings season, analysts say they should expect to be asked about AI spending following DeepSeek's launch.
Breeze CEO explains the airline's secret weapon for turning a profit while some budget airlines struggle
Breeze Airways is cashing in on premium revenue and its unique route structure while some budget competitors struggle to stay afloat.
Airlines are flying high with record earnings as they bounce back from the pandemic
American, Delta, United, and Alaska all announced record results as the biggest airlines continue to recover from the pandemic downturn.