Reddit’s stock is soaring after earnings. This is why.
The social-media platform’s second-quarter revenue and earnings blow past Wall Street’s expectations
Trump asks drugmakers to cut U.S. prices within 60 days
U.S. President Donald Trump, U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., Dr. Mehmet Oz, Administrator for the Centers for Medicare & Medicaid Services, David Sacks, AI & Crypto Czar and Amy Gleason, Acting Administrator, Department of Government Efficiency (DOGE) attend the “Making Health Technology Great Again” event in the East Room […]
Tesla starts ride-hailing service in the Bay Area. It’s not a robotaxi yet.
Tesla Inc. is offering ride-hailing services in the San Francisco Bay Area, the birthplace of ride-sharing and where the EV maker has plenty of competition from services with drivers at the wheel as well as from self-driving cars.
JPMorgan marks 1,000th branch opening since 2018 expansion plans
A new JPMorgan Chase branch in Charlotte, North Carolina. Courtesy: JPMorgan Chase JPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a […]
CVS Health (CVS) earnings report Q2 2025
CVS Health on Thursday reported second-quarter earnings and revenue that topped estimates and raised its adjusted profit outlook, as it sees strength in its retail pharmacy business and some improvement in its insurance unit. Shares of the retail drugstore chain jumped more than 6% in morning trading Thursday. The company now expects fiscal 2025 adjusted […]
The meme-stock party is already fizzling out. What that means for the rest of the market.
The meme-stock craze may have ended before it could flourish, caught up in a summer market and big tech earnings, says Vanda Research.
Eli Lilly’s Mounjaro shows similar heart health benefits as Trulicity
Eli Lilly on Thursday said its blockbuster diabetes drug Mounjaro showed heart health benefits in a late-stage trial directly comparing it to the company’s older diabetes treatment, Trulicity. Mounjaro met the study’s main goal of showing that it wasn’t any worse than Trulicity at treating people with Type 2 diabetes and established cardiovascular disease. Eli […]
Rolls-Royce is Britain’s answer to Nvidia. It just hiked its outlook again.
Rolls-Royce phenomenal stock-market gains continued on Thursday as the engine maker lifted its outlook for the year.
DOJ drops charges against Fat Brands, Andy Wiederhorn
Andy Wiederhorn, former Fatburger CEO. CNBC The Justice Department is dropping its case against Fat Brands and its chair Andy Wiederhorn. In May 2024, the company and Wiederhorn were indicted by a federal grand jury in Los Angeles on charges of wire fraud, tax evasion and other counts related to what prosecutors alleged was a […]
Apartment rents drop in July as vacancies move to multiyear high
A sign on the side of a building in Hell’s Kitchen, New York City, advertising an apartment is available for rent through a real estate broker. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images The massive surge of new apartment supply in the last few years is still being absorbed, and that […]
