business
Reddit Third-Quarter Profit, Revenue Surge as Ad Business Grows
The social-media company posted a profit of $162.7 million, driven by higher advertising demand as it continues to draw in more users. Source link
Amazon Posts 13% Revenue Jump, Strong Cloud Sales
The e-commerce giant said Amazon Web Services is growing at its fastest rate since 2022, driven by AI. Shares surged in after-hours trading. Source link
Rossi Ralenkotter, Who Redefined How Las Vegas Sold Itself to Tourists, Dies at 78
Among other things, he oversaw the introduction of the slogan, “What Happens Here, Stays Here.” Source link
Palantir Sues Former Employees for Stealing Company Secrets
The data-analysis firm alleged that two former employees violated their non-competition agreements after leaving the company and working on a “copycat” business. Source link
Universal Music Logs Higher Revenue Despite Slowdown in Subscriptions and Streaming Growth
The record label posted quarterly revenue of $3.50 billion, up more than 10% on year, despite missing forecasts for revenue from subscriptions and streaming. Source link
Tech, Media & Telecom Roundup: Market Talk
Find insight on Alphabet, Meta Platforms, Microsoft and more in the latest Market Talks covering Technology, Media and Telecom. Source link
Crocs Focuses on Long-Term Growth as Third-Quarter Profit, Sales Fall
The clog and sandal company is willing to take a short-term hit to set itself up for long-term success. Source link
Opinion | Zelensky Is Winning Trump Voters Over
Polling shows Ukraine re-emerging as a Republican priority. Source link
Russia’s Lukoil to Sell International Assets to Gunvor in Wake of U.S. Sanctions
The deal is set to hand Gunvor an extensive portfolio of assets, including major projects in Egypt, Azerbaijan and Uzbekistan. Source link
Core Scientific Deal With CoreWeave Terminated After Failing to Secure Shareholder Support
Core Scientific will remain public after it failed to secure the votes necessary to approve the $9 billion all-stock merger. Source link