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Reddit shares jump 14% after company’s debut earnings report

Reddit shares soared as much as 14% on Wednesday after the social media company showed unexpectedly strong revenue growth and improved profitability in its first earnings report since its market debut. The social media company surprised Wall Street late Tuesday with a forecast that it may report an adjusted profit in the second quarter. In […]

Warner Bros. Discovery hiking Max price, mulling layoffs: report

Warner Bros. Discovery is considering additional opportunities to reduce costs and increase prices for its Max streaming platform. Bloomberg News reported Wednesday, citing people familiar with the matter. The cost-cutting plan could reportedly include possible job cuts at the media company, which has already cut more than 2,000 positions over the past year. The company’s […]

Texas AG Paxton accuses NGO of ‘criminal conduct,’ including ‘facilitating the unlawful entry of illegal aliens’: Report

Texas Attorney General Ken Paxton (R) recently doubled down on his claims that nongovernmental organizations are conducting “criminal activities,” according to a report Wednesday. new york post. During February, Paxton filed suit. Annunciation House, an El Paso-based Catholic organization that provides aid to “immigrants, migrants, and refugees,” according to the report. Website. “NGOs that facilitate […]

FDIC chief facing pressure to resign after scathing report

A damning report about the profligate work culture at the Federal Deposit Insurance Corporation (FDIC) confirms that years of sexual harassment that has plagued the agency has been uncovered, prompting top banking regulator Martin Gruenberg to facing pressure to resign. Following an investigation by the law firm Cleary Gottlieb Steen & Hamilton, top Republicans on […]

Marathon Winner Disqualified For Accepting Water From His Dad: REPORT

The winner of the Hoag OC Marathon was reportedly disqualified for accepting water from his father. Esteban Prado receiving water from his father violated a rule that participants can only get water at formal hydration sops during the 26.2-mile race, NBC New York reported. “During yesterday’s Hoag OC Marathon, we were forced to disqualify a […]

Peloton shares soar, private equity firms consider potential buyout: report

A number of private equity firms are considering acquiring Peloton, as the connected fitness company looks to refinance its debt and return to growth after 13 consecutive quarters of losses. CNBC reported on Tuesday. Shares of the fitness equipment maker rose 12% to $3.98. The New York-based company is considering going private and has been […]