Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City.Spencer Platt | Getty ImagesReddit’s stock popped more than 12% Friday after the company surpassed third-quarter estimates and signaled strong advertising growth.The social media platform’s revenues surged 68% from a year ago to $585 million, beating an LSEG estimate of $546 million. Earnings per share totaled 80 cents, surpassing an estimate of 51 cents.Reddit also released a better-than-expected sales…
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It was not surprising that Amazon shares surged on Friday morning after the company’s “show me” quarter proved to be a “show of major force” from CEO Andy Jassy, according to CNBC’s Jim Cramer. Amazon reported third-quarter results Thursday evening that reignited investor enthusiasm in its cloud business, Amazon Web Services, the biggest in the world. The stock hit an all-time high of over $250 per share during Friday’s session. It must finish the day just above $242 to also make it a record-high close. Revenue from AWS – the company’s profit engine – surged 20% year over year to…
LONDON — European markets were lower on Friday as investors reacted to an expected dip in euro zone inflation and a swathe of earnings this week. The pan-European Stoxx 600 was around 0.6% lower by 2:23 p.m. London time (10:23 a.m. ET), with major bourses and almost all sectors in negative territory.The U.K.’s FTSE 100 index slipped over 0.5%, Germany’s DAX fell 0.7%, while France’s CAC moved around 0.5% lower. Italy’s FTSE MIB and Spain’s IBEX 35 also edged around 0.2% lower.In the U.S., Apple and Amazon posted earnings after the close Thursday. Amazon said its cloud computing unit’s revenue increased 20% in the third quarter,…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 and Nasdaq Composite pushed higher Friday, buoyed by strength in Big Tech names like Club holding Amazon . The e-commerce giant reported a blockbuster earnings report Thursday evening, highlighted by growth in its cloud computing unit. Shares are up more than 10%. Friday also marks the last trading session of October. Next week, Club names Eaton, DuPont, and T exas Roadhouse will all release quarterly results. 2. Don’t own…
After a marquee week for Big Technology earnings, Wall Street is left wondering which hyperscaler stock offers the best path forward. The four U.S. hyperscalers — Alphabet , Amazon , Meta Platforms and Microsoft — all reported earnings this week, giving investors a clearer read on how their massive bets on artificial intelligence are reshaping balance sheets and market sentiment. While each talked up their AI strategy, analysts focused on the scale of the investments and how these plans will start translating to tangible returns. “Strong AI spending has been the biggest drivers of AI performance so far, and the…
The Perplexity application appears on a smartphone screen in this photo illustration in Athens, Greece, on October 2, 2025. Nikolas Kokovlis | Nurphoto | Getty ImagesShares of Getty Images soared 19% on Friday after the company announced that it struck a multi‑year licensing agreement with Perplexity AI.Perplexity will be able to display creative and editorial content from Getty Images through its AI-powered search tools as part of the deal, according to a release. The startup will also improve how it displays imagery on its platform by adding image credits and links to the source.”Partnerships such as this support AI platforms…
As the tech industry’s giants race to build out AI infrastructure — Microsoft spent $34.9 billion in just one quarter while Meta plans to spend up to $72 billion this year — they may not be the only ones footing the multi-hundred-billion-dollar bill.The consumer is increasingly facing AI-soaked subscription tiers as tech firms attempt to monetize their huge investments and bundle their software offerings with difficult-to-separate-out AI tools that can make it tough for customers to opt out — and more expensive if they don’t.One example is Microsoft 365, which now includes Copilot AI features in many of its tiers. The…
Leader of D66 (Democrats 66) Rob Jetten (C) reacts on stage to the announcement of the Dutch parliamentary exit poll during a results evening of the party in Leiden on October 29, 2025. Robin Utrecht | Afp | Getty ImagesDutch centrist party D66 won the most votes in Wednesday’s general election, news agency ANP said on Friday, putting its 38-year-old leader Rob Jetten on course to become the youngest-ever prime minister in the Netherlands.With almost all votes counted, D66 can no longer be overtaken by the far-right Freedom Party (PVV) led by Geert Wilders, according to the news agency, which…
House Minority Leader Hakeem Jeffries (D-NY) speaks during a press conference on healthcare with other House Democrats, on the East steps of the U.S. Capitol on the 15th day of the government shutdown in Washington, DC on October 15, 2025. Anadolu | Anadolu | Getty ImagesAmericans will experience sticker shock this health insurance open enrollment season, with higher premiums for individuals and families, and for small business owners and their workers on Main Streets across the U.S., there’s little relief. While small business advocates are seeking Congressional assistance, the prospects for support are hazy, at best. After payroll, healthcare is the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Dominic Chu speaks to Ayako Yoshioka, portfolio consulting director at Wealth Enhancement Group for her take on building a portfolio that withstands geopolitical and economic risks. She also explains her view on whether concerns around a tech bubble are warranted, and she takes questions from Pro subscribers. Source link
