Robinhood Shares Jump on Earnings Beat, Surge in Net New Deposits

The company swung to a profit and reported record revenue for the first quarter. 


 
Airbnb expects a stronger summer quarter, spurred by Olympics, but shares fall

Online vacation-rental platform Airbnb Inc. on Wednesday forecast second-quarter sales that were below Wall Street's expectations, largely due to Easter falling in March this year, but the company said big events abroad like the Summer Olympics in Paris and the Euro Cup would help sales over the summer. 


 
Microsoft to Invest Over $3 Billion to Build AI in Wisconsin

The company has been on a global spending spree, trying to build infrastructure and goodwill for artificial intelligence. 


 
Shopify Stock on Track for Record Drop as Revenue Outlook Weakens

While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending. 


 
Boeing's Starliner launch pushed back to May 17 for first crewed mission

The historic first crewed launch of Boeing Co.'s Starliner spacecraft will take place no earlier than May 17, after Monday's launch attempt was scrubbed two hours before takeoff. 


 
Uber Swings to Loss Despite Rising Revenue

The ride-hailing company's bottom line, which had at last turned positive last year, was hit by investments and legal settlements. 


 
Monster Beverage launches $3 billion stock buyback

Beverage company's chief executive may sell up to about $33 million of stock to provide "flexibility." 


 
TPG Profit Slips as Private-Equity Firm Digests Additions

The buyout firm's first-quarter profit fell on higher expenses that reflect growth over the past year, and executives at the alternative-asset manager laid out plans to further expand its offerings. 


 
Spain's BBVA Runs out of Room for Friendly Merger With Sabadell

Spain's Banco Bilbao Vizcaya Argentaria got the cold shoulder in its attempt to revive a merger with smaller rival Banco de Sabadell. While some analysts still think a deal is possible, a friendly approach seems to have been ruled out. 


 
Bain Pursues Takeover of Education-Software Provider

A deal for PowerSchool could come together in the coming weeks, valuing the software provider at around $6 billion, including debt.


(END) Dow Jones Newswires

05-08-24 1715ET