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.
Kategorie-Archiv: CNBC Financial News
Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term
Druckenmiller said he reduced his Nvidia bet after „the stock went from $150 to $900.“
Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term
Druckenmiller said he reduced his Nvidia bet after „the stock went from $150 to $900.“
Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
Citigroup CEO Jane Fraser joined CNBC’s Sara Eisen on Monday for an interview on the economy.
The streaming future Disney promised is finally here as cable TV decays
Disney’s second-quarter results showed an improving streaming business and a rapidly declining linear TV unit
Disney earnings top analyst estimates as streaming nearly breaks even in the quarter
Disney reported a loss of just $18 million in its direct-to-consumer businesses as earnings topped analyst estimates.
Ahead of retail earnings, here’s what we know about the consumer so far
Home Depot and Walmart kick off first-quarter retail earnings next week.
Saudi Aramco upholds dividend despite drop in first-quarter profits
Aramco, which is the world’s largest oil exporter, expects total dividends of $124.3 billion to be declared in 2024, it said.
Nintendo to announce new flagship Switch console this fiscal year
Nintendo said it sold 15.7 million units of its flagship Switch console in the year ended March 2024, beating its own forecasts.
Buffett’s Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion
The Oracle of Omaha’s massive conglomerate posted robust earnings, driven by strong insurance underwriting gains as well as higher Treasury yields.