Reddit shares soar on revenue beat, narrower-than-expected loss in first post-IPO results

Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss for the first quarter. 


 
Rivian Stock Swings After Weak Earnings. Expect More Moves on Wednesday.

The company left its guidance for the full year unchanged. 


 
Tesla Told to Detail Driver Warnings, Miles Driven With Autopilot

The National Highway Traffic Safety Administration asked the automaker to explain the process and rationale for many of its recall remedies. 


 
TikTok Sues to Block U.S. Ban

The Chinese-controlled app claims new federal law violates the First Amendment and unlawfully singles out the company for punishment. 


 
International Paper stock rises on report of $15 bln bid by by Brazil's Suzano

IP shares rise by nearly 6% on potential deal that would value the company at a premium 


 
Disney Pares Streaming Losses; Shares Fall on Loss, Earnings Outlook

The media company said it is close to making its streaming business profitable, but its shares fell nearly 10% after it posted a loss and projected earnings growth just below analyst expectations. 


 
Panera to Discontinue 'Charged Sips' Drinks at Center of Lawsuits

The suits allege people died after consuming the caffeinated lemonades. 


 
Kellogg's Cereal Unit Snaps Back, Might Soon Turn Soggy

WK Kellogg no longer looks cheap, having rallied since spinoff from Kellanova. 


 
Instacart, Uber Join Forces to Add Uber Eats to Instacart App

The two companies announce the partnership as they face competition from common rival DoorDash. 


 
Nikola Stock Falls After Earnings Report. But CEO Sees 'Green Shoots' for Electric Trucks.

The company reports a per-share loss of 11 cents from sales of $7.5 million. Wall Street was looking for a loss of 10 cents from sales of $15.8 million.


(END) Dow Jones Newswires

05-07-24 1915ET