(Reuters) -Reddit forecast second-quarter revenue above Wall Street estimates on Thursday, betting on growing digital advertising spend on the social media platform despite uncertainty over marketing budgets, sending its shares up 19% in extended trading. The company is benefiting from its conversation placement ads format, where brands can advertise directly within discussion threads taking place…
By Stephen Nellis and Akash Sriram SAN FRANCISCO (Reuters) -Apple on Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump. The Cupertino, California-based company said its sales and profit for the fiscal second quarter ended…
By Deborah Mary Sophia and Greg Bensinger (Reuters) – Amazon.com reported first-quarter growth in its cloud unit that missed analyst estimates on Thursday, sending shares lower, despite forecasting optimistic companywide sales in the current period. Amazon forecast second-quarter sales largely above estimates, a reassuring sign to investors that the e-commerce company would navigate tariff-related uncertainty….
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By Jody Godoy WASHINGTON (Reuters) -The House Judiciary Committee reversed course on a proposal to remove the U.S. Federal Trade Commission’s antitrust authority on Wednesday, days after its Republican leadership included the measure in a budget package. The House panel led by U.S. Representative Jim Jordan, a Republican, had included the proposal in its budget…
(Reuters) – JPMorgan Chase has appointed Andrew Kresse and Brian Lamb to lead two key sectors in its commercial banking business, the largest U.S. lender said on Wednesday, as it continues to reorganize the unit. The move follows a greater leadership reshuffle in February in which Melissa Smith and Matt Sable were appointed co-heads of…
By Niket Nishant and Tatiana Bautzer (Reuters) -Institutional Shareholder Services has urged investors to reject Morgan Stanley’s proposal to expand its equity incentive compensation plan, as the proxy adviser escalates its pushback against Wall Street. The investment bank had proposed adding 50 million common shares to its equity incentive plan and extending the program by…
By Niket Nishant (Reuters) -Visa is partnering with tech heavyweights, including Microsoft and OpenAI, to roll out a new platform that lets users delegate their online shopping tasks to AI agents. While users will set spending limits, the AI agents will do the rest — searching for products, booking vacations or ordering groceries, the payments…
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(Reuters) -Facebook parent Meta Platforms on Tuesday launched a separate app for its Meta AI assistant, similar to those offered by Microsoft-backed OpenAI and Alphabet’s Google. The standalone app comes as Meta looks to boost the AI assistant’s usage, apart from being available within the company’s family of platforms – WhatsApp, Instagram, Facebook and Messenger….
