Business
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Robinhood stock rallies after earnings beat, plan to launch 24-hour trading as engagement wobbles
Shares of Robinhood Markets Inc. moved higher after hours on Wednesday after the trading app reported first-quarter results that were better than expected — even as trading activity remains muted when compared to last year. But in Robinhood’s HOOD latest efforts to reverse that trend with new products — including things like IRAs and forays…
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Airbnb stock falls sharply on cautious forecast and as record bookings miss estimates
Nights booked on Airbnb Inc. hit a record high in the first quarter as more guests traveled overseas and returned to cities, leading to the company’s first profitable start to the year on record, executives announced Tuesday. But executives’ forecast was less bullish, even though they expect a strong summer travel season and second-quarter revenue…
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‘I feel used’: My partner stays with me 5 nights a week, even though he owns his own home. Should he pay for utilities and food?Â
I’m disabled, 52, and have one minor son. My boyfriend has his own house, and also has a minor child still living at home, as well as another son, 24, who is living at home and is employed as his younger son’s babysitter. He stays at my place, probably five out of seven nights, but…
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Upstart stock soars 40% after upbeat earnings outlook, funding progress
Shares of Upstart Holdings Inc. rocketed 40% higher in after-hours trading Tuesday after the beleaguered financial-services company delivered an upbeat outlook for the current period even as its revenue for the latest quarter came in at a third of what it was a year before. Upstart UPST, which uses artificial intelligence to inform lending decisions,…
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Cutera stock slides after earnings; company appoints interim CFO, reaches board deal with big investors
Shares of Cutera Inc. fell hard after hours on Tuesday after the maker of skincare and body-sculpting devices — currently engulfed in drama over a leadership changeover — reported weaker quarterly results than expected and announced a new interim chief financial officer as well as plans to appoint new board directors. The company lost $1.26…
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GoPro to drop prices on cameras after earnings miss, revenue decline
GoPro Inc. is reducing prices that were raised earlier in the COVID-19 pandemic, after the action-camera company announced that revenue declined nearly 20% in the first three months of the year. GoPro GPRO announced that it will return to prepandemic pricing structures on its lineup of cameras, slicing $50 to $100 off most models. For…
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Potential home buyers are more optimistic for one big reason and how the used-car market could get worse for buyers
Hi, MarketWatchers. Don’t miss these top stories. ‘Uber’s model pushes drivers like me to accept risks’: Uber shareholders reject two driver-safety proposals Uber investors on Monday rejected two proposals related to worker safety and health, the company said after a preliminary tally of votes. Read More Escaping abroad: Tips for buying a second home in…
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PayPal logs earnings beat, but stock falls as margin talk underwhelms
PayPal Holdings Inc. beat estimates with its quarterly results Monday, but its shares were headed lower in after-hours action as Wall Street unpacked how much of PayPal’s growth is coming from a lower-margin part of the business. While PayPal PYPL executives boosted their profit forecast for the full year and spoke of more upbeat revenue…
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AMC’s ‘road to recovery getting better,’ says Macquarie
AMC Entertainment Holdings Inc. is continuing its post-pandemic recovery, according to Macquarie Research. The movie-theater chain and sometime meme-stock darling reported better-than-expected first-quarter revenue and adjusted earnings Friday, and CEO Adam Aron is confident that the company will benefit from the slate of movies coming in 2023. Over… Source
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PayPal seems on track to ‘clear a low bar.’ Is that enough to help its stock?
E-commerce spending appears to have held up better than expected to start the year, and that could help PayPal Holdings Inc. when it posts earnings Monday afternoon. Shares of the e-commerce company have shed 60% of their value since the start of 2022, with PayPal PYPL executives making a series of guidance cuts during that…