Stocks

Reddit’s long-run vision of growing advertising revenues and profitability “are promises we’ve heard too many times,” according to Bernstein analysts.

An epic reported artificial intelligence partnership out of Silicon Valley sent stocks off to a hot start Monday ahead of a crucial week for markets.

Bitcoin soared to a new record high Monday, topping $72,000 for the first time amid increasing institutional acceptance and continuing an impressive rally that has pulled the market back from the depths of a deep “crypto winter” that has hampered momentum for years following a series of major crashes and scandals in recent years.

Novo Nordisk and Eli Lilly each have a higher market capitalization than Tesla, a dramatic shift from the end of 2021, when Tesla was worth four times more than each of the weight loss kingpins.

Shares of Warner Bros. Discovery slid Friday to their lowest level ever, even after the HBO and CNN parent’s streaming unit became the first major streamer aside from Netflix to record a profitable year on record, exemplifying the struggles of legacy media companies to return shareholder value in the era of streaming.

The social media company has eyed an IPO for years, first reportedly filing confidentially back in December 2021.

Spot bitcoin ETFs are finally here, attracting billions and challenging all pre-existing crypto-based ETFs. Does that spell the end for bitcoin futures funds? Not so fast. ProShares is doubling down.

Shares of Super Micro Computer nosedived Friday as an analyst threw some cold water on the U.S.’ hottest stock, but shares of the company viewed as among the top pure artificial intelligence plays remain up an eye-popping level.

The drop in share price began in after-hours trading Friday after the company released earnings.

L’Oreal heiress Francoise Bettencourt Meyers’ net worth fell as L’Oreal stock tanked 8%, its worst single-day slide since the peak of the Great Recession.