Five things to know about Reddit
Wall Street will see one of the year's most highly anticipated IPOs this week, when the nearly two decade old social media platform Reddit goes public, set for Thursday.
Mar 21, 2024
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Internet
News tagged with share
Business
European airlines, facing jet delivery delays, see profits soar
Europe's aviation industry is extending its bounceback from the COVID pandemic, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits Thursday.
Feb 29, 2024
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Business
Lyft shares rocket 62% over a typo in the company's earnings release
Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company's earnings release that appears to have sent investors' auto-trading algorithms—or "bots"—into a buying frenzy.
Feb 14, 2024
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Business
Alibaba approves an additional $25 billion share buyback as its revenue disappoints
Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, after reporting lower-than-expected sales revenue for the last quarter of 2023.
Feb 7, 2024
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Business
AI companies are merging or collaborating to even out gap in access to vital datasets
Some recent mergers, acquisitions and investments in the business world have highlighted the strategic value of data to companies. These businesses are not just buying assets or market share—they are also acquiring or investing ...
Jan 31, 2024
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Business
Alaska Airlines says the grounding of some Boeing planes will cost the airline $150 million
Alaska Airlines said Thursday that the grounding of its Boeing 737 Max 9 jetliners will reduce full-year profit by $150 million and slow down the airline's planned growth.
Jan 25, 2024
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Business
Delta reports profit jump but lowers earnings forecast
Delta Air Lines saw its profits more than double in the fourth quarter last year, helped by strong travel demand, even as it trimmed its earnings expectations for 2024, the US carrier said Friday.
Jan 12, 2024
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Business
Warner Brothers Discovery explores merger: report
Warner Brothers Discovery shares slid more than 5 percent Wednesday after reports emerged that the media and entertainment giant is exploring a merger with rival Paramount Global.
Dec 21, 2023
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Business
Canada print media to get two-thirds of Google's payment to news outlets
Canada's print media will receive nearly two-thirds of an annual Can$100 million (US$75 million) payment from Google to the country's news outlets in exchange for distribution of their content, the federal government announced ...
Dec 16, 2023
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Business
From 'open skies' to 'slot-hoarding': The turbulent world of aviation laws explained
Despite national and state border closures during the pandemic, the global aviation market has been growing steadily since 1995, at nearly twice the rate of global GDP each year.
Dec 15, 2023
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