By Katie Paul
NEW YORK (Reuters) - Meta said on Friday its flagship app Facebook is attracting its highest number of young adults in three years, as it tries to shake the platform's reputation as a hangout for an older generation.
The social media network said that more than 40 million U.S. and Canadian adults aged 18 to 29 now check Facebook daily, in Meta's first-ever release of such demographic information. Facebook, whose founder Mark... (continue reading...)
With its latest earnings report, AI darling NVIDIA Corporation (NASDAQ: NVDA) announced a ten-for-one stock split. The split, which will be distributed at the close on June 7th, will give shareholders ten shares in exchange for each one share they own as of the June 6th record date. The stock will start trading split-adjusted at market open on Monday, June 10th. The split raises the very real possibility that NVIDIA will be added to the Dow Jones Industrial Average... (continue reading...)
By Jason Lange
WASHINGTON (Reuters) -Ten percent of Republican registered voters say they are less likely to vote for Donald Trump following his felony conviction for falsifying business records to cover up a hush money payment to a porn star, according to a Reuters/Ipsos poll that closed on Friday.
The two-day poll, conducted in the hours after the Republican presidential candidate's conviction by a Manhattan jury on Thursday, also found... (continue reading...)
By Lewis Krauskopf
NEW YORK (Reuters) - It's been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot.
The Dow Jones Transportation Average has fallen about 5% so far this year, a significant contrast with the 9% year-to-date rise for the benchmark S&P 500 and the 1% rise in the Dow Jones Industrial Average, which topped 40,000 points for the first time this month.
... (continue reading...)(Reuters) - Activist investor Carl Icahn has a sizable position in casino operator Caesars Entertainment, Bloomberg News reported on Friday citing sources familiar with the matter.
Shares of the company jumped 15% after the report.
The size of Icahn's stake in the company could not be learned, the report added.
Last month, the casino operator, which runs Caesars Atlantic City and Caesars Palace, missed market expectations... (continue reading...)
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Nvidia set to overtake Apple as world's second-most valuable company
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US equity funds hit by outflows on rising yields, rates uncertainty
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Fed seen more likely to cut rates in Sept after PCE data
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US inflation up moderately in April, consumer spending weakens
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UBS and BMO have the highest S&P 500 price target on Street. Here's what they say
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Suzano/IP deal looking increasingly possible - Synergies could bridge the gap
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Private Credit Firm Ninepoint Halts Cash Payouts On Three Funds - Bloomberg
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JD Sports shares slip following quarterly drop in U.K. sales
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Strong May supports a bullish 2024 outlook for S&P 500: Stock Trader's Almanac
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Analysis-After Trump's conviction, the jury is still out on political damage
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Former President Donald Trump found guilty in hush money trial on all counts
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IRS to Make Direct File a Permanent Option; Intuit Stock Suffers But Doesn't Seen an Impact
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California PUC Sides With Utilities On Community Solar, California Decision Is Blow To Solar In The State - Bloomberg
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Biden secretly gave Ukraine permission to strike inside Russia with US arms, Politico reports
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Gold prices are 'dramatically outperforming': Macquarie
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Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2
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Fed officials see inflation falling, signal no rush to cut rates
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S&P 500 Index Resumes Ticking For First Time Since 10:41 Am NY - Bloomberg
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CME Confirms No Index Pricing Currently Being Generated - CNBC
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Tech sector looks very expensive: Barclays
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Midday movers: Salesforce, Kohl's and Agilent fall; Foot Locker, HP rise
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Jefferies Highlights Robust Domestic Equity Inflows Amid Rising Risks
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Elon Musk to testify in SEC probe over Twitter stock disclosures
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How BHP's failed six-week pursuit of Anglo American unfolded
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Best Buy shares surge 11% on earnings beat despite sales decline
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Goldman sees limited upside and downside risk for stocks amid rising yields
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Morgan Stanley's survey shows Microsoft remains the early AI leader
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Buy post-earnings weakness in Salesforce stock: Wedbush
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Maxeon Solar shares crash 50% on weak results and worse-than-expected outlook
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Exclusive-Google, augmented reality startup Magic Leap strike partnership deal
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SAP shares fall after peer Salesforce's guidance disappoints estimates
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Chip stocks likely to continue trading higher: JPMorgan
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Tesla preparing to register full self-driving software in China - Reuters
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Musk's $56 billion pay package opposed by CalPERS, CNBC reports
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Elon Musk could become policy adviser if Trump wins election, WSJ reports
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Meta identifies networks pushing deceptive content likely generated by AI
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Regional lender Bank OZK plunges as Citi turns bearish over loan concerns
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Midday movers: Marathon Oil, Dick's and Chewy rise; American Airlines falls
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BHP walks away from $49 billion takeover offer for Anglo American
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OpenAI signs content deals with The Atlantic and Vox Media
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Dell stock target lifted at BofA on AI momentum; shares rally
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PayPal releases its stablecoin natively on Solana blockchain
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Cleveland Fed taps former Goldman executive Hammack for president's job
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Wells Fargo CEO says corporate business, trading held back by asset cap
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Best Buy set for tenth straight quarter of sales drop on weak electronics spending
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Wall St drops as rate worries push bond yields higher
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MicroStrategy is up nearly 1,100% since making Bitcoin pivot in 2020
