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News
Labubu maker Pop Mart shares fall as key ex-China sales data drop, Citi cuts price target
3+ day, 17+ min ago (175+ words) Shares of Pop Mart fell over 4% in Hong Kong on Friday after the Labubu maker reported first-half results that showed declining sales in Asia-Pacific and the Americas. For the period ended in June 30, the toy maker reported a 23.8% year-over-year rise…...
Trump Media posts $238 million second-quarter loss as crypto declines
1+ week, 6+ day ago (234+ words) Trump Media & Technology Group on Monday reported a net loss of more than $238 million for its fiscal second quarter on revenue of less than $2 million. That loss, which dwarfed the almost $20 million it lost in the same period last year,…...
Savers Value Village thrift store launches new AI tool to price items
2+ week, 3+ day ago (463+ words) Savers Value Village is launching a new platform leveraging artificial intelligence to help optimize product pricing, the company told CNBC exclusively, as the tricky-to-price thrift segment gains traction around the world. The new platform, called ThriftIQ, uses AI to reduce…...
Grindr's AI spend is paying off and its pricey new tier has had some surprises, CEO says
2+ week, 3+ day ago (535+ words) Grindr is betting that artificial intelligence can do more than just improve the dating app experience. It believes AI can simultaneously create a new premium subscription business while also dramatically changing how quickly its engineers build software. "Our strategy has…...
SoftBank posts profit beat boosted by stakes in Intel and TikTok-owner ByteDance
2+ week, 4+ day ago (49+ words) SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations. SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations, driven by a huge gain on its stake in Intel, while a…...
We're downgrading Honeywell Aerospace after a shockingly bad earnings debut
2+ week, 4+ day ago (22+ words) The company slashed its full-year guidance on key metrics in its first earnings report since separating from the Honeywell conglomerate in June....
An overlooked player in data center buildout delivers once again
2+ week, 5+ day ago (23+ words) Not only did results outpace expectations on both the top and bottom lines, but we also got a boost to full-year guidance....
Amazon tops $3 trillion market cap as stock continues post-earnings surge
2+ week, 6+ day ago (113+ words) Shares of Amazon hit a new all-time high Monday, putting its market cap over $3 trillion. Shares of Amazon hit a new all-time high on Monday, putting its market cap over the $3 trillion threshold following a better-than-expected earnings report last week....
Mark Zuckerberg said he reached out to Apple CEO Tim Cook to discuss 'wellbeing of teens and kids"
6+ mon, 4+ day ago (1006+ words) Meta CEO Mark Zuckerberg said in Wednesday court testimony that he reached out to Apple CEO Tim Cook to discuss the "wellbeing of teens and kids." Part of the trial focused on the alleged harms of certain digital filters promoting…...
Things are looking up for lagging industrial Dover as shares pop more than 6%
10+ mon, 13+ hour ago (30+ words) Industrial conglomerate Dover reported better-than-expected third-quarter profits Thursday and gave skeptical investors plenty to like, sending the stock up more than 6%. Revenue rose 4.7% year over......