Reddit stock plunges 29% after weak outlook, wrapping its worst day ever
Reddit shares fell 29.22% following the company’s projection of weak fourth-quarter sales, marking the social media platform’s worst trading day since its 2024 public debut.
GM will switch to Nasdaq from the NYSE on Nov. 17
General Motors will transfer its stock listing from the New York Stock Exchange to Nasdaq, effective Nov. 17, as the automaker positions itself as technology-focused.
Moderna shares plunge after cancer vaccine data leaks — despite positive results
Moderna shares fell sharply after a leak of cancer vaccine data with Merck, despite the full results showing positive efficacy against melanoma when paired with Keytruda.
AI buildout hits snag as Google and Microsoft put off raising capex forecasts
Microsoft and Alphabet reported lower-than-expected capital expenditure figures, causing shares of AI infrastructure providers CoreWeave, Nebius, and IREN to decline amid ongoing hyperscaler buildout demands.
Amazon AWS posts 39% revenue growth as cloud rivals also accelerate
Amazon’s AWS cloud division reported third-quarter revenue of $45.98 billion, up 39% year-over-year, exceeding analyst expectations as major cloud providers accelerate growth.
Coinbase net income surges 66% in third quarter, benefiting from bitcoin investment gains
Coinbase reported third-quarter adjusted net income of $719 million, up 66% year-over-year, driven primarily by gains in its cryptocurrency investment holdings as bitcoin recovered significantly.