Inflation-wary consumers are still worried about rising prices — for good reason. And, the ripple effect could mean Corporate America spending less money on digital advertising this year. Among our portfolio companies, online ads are the bread and butter of Meta Platforms and Alphabet — both of which could face some headwinds. Digital advertising in … Read more
Google chief executive Sundar Pichai speaks during the tech titan’s annual I/O developers conference on May 14, 2024, in Mountain View, California. Glenn Chapman | Afp | Getty Images Google will start using artificial intelligence to determine whether users are age appropriate for its products, the company said Wednesday. Google announced the new technique for … Read more
Traders work on the floor of the New York Stock Exchange on Feb. 4, 2025. NYSE S&P 500 futures are near flat Wednesday night as traders analyzed the latest corporate earnings reports while awaiting more inflation stats. Futures tied to the broad index ticked up 0.1%, while Nasdaq 100 futures added 0.3%. Dow Jones Industrial … Read more
David Joyner, a longtime CVS executive, speaks during a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., on May 10, 2023. Al Drago | Bloomberg | Getty Images CVS Health CEO David Joyner on Wednesday defended controversial pharmacy middlemen like his company’s Caremark unit, which are widely accused of inflating prescription medication … Read more
People walk by a sign for Freddie Mac headquarters on July 14, 2008 in McLean, Virginia. AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP via Getty Images) Paul J. Richards | Afp | Getty Images Fannie Mae and Freddie Mac — the two giant mortgage finance firms controlled by the federal government … Read more
U.S. Bank Cash+® Visa® Secured Card Information about the U.S. Bank Cash+® Visa® Secured Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. Rewards 5% cash back on your first $2,000 in combined eligible purchases each quarter in two categories you … Read more
Avishek Das | SOPA Images | Lightrocket | Getty Images Trading platform Robinhood reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump’s presidential election victory. Shares of the company surged more than 11% in extended trading. Robinhood’s transaction-based revenue, or income generated from fees … Read more
Check out the companies making headlines in postmarket trading. Reddit – The social media platform slid 17% after Reddit’s user numbers fell short of Wall Street’s expectations. Daily active uniques averaged 101.7 million for the fourth quarter, reflecting growth of 39% year over year but missing analysts’ call for 103.1 million, per StreetAccount. Separately, Reddit … Read more
Cisco CEO Chuck Robbins speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Cisco shares climbed about 6% in extended trading on Wednesday after the networking hardware maker reported fiscal second-quarter results and guidance that topped Wall Street’s expectations. Here’s how the company … Read more
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty Images Reddit shares fell more than 15% on Wednesday after the company reported weaker-than-expected user numbers in … Read more