J.P.Morgan and Morgan Stanley started coverage on Reddit with equivalent to “hold” ratings, as they wait for clarity on the social media company’s user growth, while staying bullish on ad-revenue growth and artificial intelligence (AI) initiatives.
Miner Piedmont Lithium said that it had received a long-delayed permit for starting the construction its lithium mine from North Carolina regulators in a further boost to the supplies of the electric vehicle battery component in the United States.
Goldman Sachs’ profit rose 28% in the first quarter, buoyed by a recovery in underwriting and dealmaking that boosted its investment banking unit, it reported on Monday.
Meta Platforms said on Monday it would temporarily shut down its social media platform Threads in Turkey from April 29 to comply with an interim order of the Turkish competition authority.
BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fleets didn’t pay off, company sources said.
The dollar was steady on Monday, holding its biggest weekly gain since 2022, as the prospect of stubbornly high U.S. interest rates and escalating conflict in the Middle East gave support.
Joe Russo, co-director of “Avengers: Endgame,” found a memorable setting to approach the latest hire for the independent studio he founded with his brother. Russo invited Chris Brearton, an executive at Amazon.com’s MGM studio, to join him at the Running of the Bulls in Pamplona, Spain.
UnitedHealth is expected to record higher medical costs in its first earnings report since a cyberattack disrupted its technology systems including those that manage prescription and medical claims, analysts said.
