Published on January 23, 2025, 10:08 PM UTC
Tags: news politics current events world news international affairs
Hims & Hers (HIMS) stock plunged 26% on Tuesday despite a better-than-expected Q4 report, as investors worry about potential revenue loss from discontinued compounded weight-loss drugs. CFO Yemi Okupe downplayed these concerns, highlighting the company's diversified revenue stream and strong outlook for 2024, but Wall Street remains cautious amid industry-wide changes in semaglutide availability.
Published on: February 25, 2025, 05:01 PM UTC
Reddit stock has plunged 23% since earnings, as Google Search traffic and regulatory scrutiny weigh on the social media platform. CEO Steve Huffman and his trust sold $70.5 million worth of shares this week.
Published on: February 21, 2025, 10:03 PM UTC
Reddit (RDDT) stock has lost 19% since earnings, despite recovering traffic from Google Search. CEO Steve Huffman sold $70.5 million worth of shares, the largest sale to date. The FTC is investigating Reddit's policies, and the stock is still up 220% from six months ago.
Published on: February 21, 2025, 06:03 PM UTC
Consumer sentiment dimmed in February with inflation expectations jumping to 4.3% from 3.3%, and long-run expectations reaching the highest in 28 years. Consumers anticipate price increases due to concerns over tariffs and trade policies.
Published on: February 21, 2025, 06:02 PM UTC
Stellantis' lawsuit against Autoliv and ZF/TRW for alleged cartel involvement in safety equipment pricing dismissed by London tribunal.
Published on: February 21, 2025, 03:00 PM UTC