US stocks continue to rally on investors' optimism
Investors are optimistic about potential interest rate cuts by the Federal Reserve after nonfarm payrolls data indicated fewer job additions and rising unemployment. [ more ]
Reddit's first quarterly earnings since going public: revenue and users increase
Reddit shares soared post-quarterly earnings, despite initial losses due to IPO expenses. Revenue up 48%, user traffic up 37%, aiming to grow revenue faster than costs. [ more ]
Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
Bitcoin outperformed stocks as it managed to recover most of the week's losses while equities tumbled late in the U.S. trading session.
Contrasting statements from Fed officials like Kashkari and Powell led to market volatility, with investors focusing on the rate outlook based on upcoming employment data. [ more ]
Social media company Reddit soars to $9bn valuation in Wall Street debut
Reddit's IPO saw shares soar nearly 50%, closing at $50.44, pushing its value to nearly $9bn.
Despite boasting 70 million daily users, Reddit has yet to turn a profit after its long-awaited IPO and faces challenges with a tumultuous history. [ more ]
HubSpot reported Q1 earnings above estimates, with mixed outlook for stock - profit exceeded, revenue fell short. Company focuses on digital marketing for customer conversion. [ more ]
Better Social Media Stock: Meta Platforms vs. Snap | The Motley Fool
Meta has shown better performance in the stock market compared to Snap, with a 24% increase for the year and a significant growth since its 2012 IPO. [ more ]
Apple's share buyback is the largest in U.S. history. Here's what that means
A share buyback is a strategy where a company purchases its own shares, reducing the total outstanding shares and potentially increasing the value of remaining shares. [ more ]
Alphabet, Microsoft grow revenue without much help from AI
Alphabet and Microsoft shares rose after higher-than-anticipated quarterly earnings. Google Cloud revenue grew 28% due to AI. Alphabet introduced a dividend and stock repurchase plan. [ more ]
Meta's stock plunges on aggressive' AI spending plans
Meta's aggressive AI investment plans led to a steep stock drop of around 13%, indicating investor concerns over the high costs involved in AI development. [ more ]
History Says the Nasdaq Will Continue to Soar in 2024: My Top 5 Artificial Intelligence (AI) Growth Stocks to Buy Before the Surge Continues | The Motley Fool
AI adoption is nascent, offering investment opportunities with Nasdaq's potential to rise further fueled by AI advancements. [ more ]
Google Earnings Handily Beat Wall Street Targets. Google Stock Dividend Approved.
Google (GOOGL) reported strong first-quarter earnings and revenue results, implemented its first dividend, and saw significant stock price increase with positive future prospects. [ more ]
Could Alphabet Stock Help You Retire a Millionaire? | The Motley Fool
Alphabet stock has shown remarkable growth potential over the years, enabling early investors to amass significant wealth.
Alphabet, primarily known for Google, continues to see steady revenue growth driven by its search engine dominance and the rapid expansion of its cloud business. [ more ]
Sprinklr Earnings, Revenue Top Estimates Sending Shares Up
Sprinklr's fourth-quarter earnings and revenue beat estimates with a 100% increase in earnings and 18% climb in revenue.
Analysts had mixed reactions to Sprinklr's stock outlook, with the company's profit and revenue predictions falling slightly below expectations. [ more ]
Donald Trump's career has been marked by significant instances of financial luck, such as family backing and bank support during debt crises.
Trump's recent windfall came from the merger of Trump Media & Technology Group with Digital World Acquisition, resulting in a significantly overvalued stock. [ more ]
Assessing the sustainability of AI stock surge | Entrepreneur
The stock market has surged 28% in recent months driven by AI stocks. Concerns exist about sustainability similar to past bubbles like EV stocks.
The pattern of technology stocks involves initial hype, followed by disappointment if profits are not realized, raising questions about the trajectory of AI stocks. [ more ]