Reddit Pops 14% On Earnings & Growth📱SMMT COKE 📈 PLTR BLDR 📉

FlowBank's hand-curated fresh financial news [header_noDither] Reddit Shares Surge on Strong Earnings and User Growth Reddit's shares increased by 14% after its first earnings report since going public showed a 48% revenue jump to $243 million, exceeding expectations. The company, which started trading under the ticker "RDDT", also reported a notable rise in daily active users to 82.7 million. Despite a significant net loss, mainly due to IPO-related expenses, Reddit's performance topped analyst forecasts, setting an optimistic outlook for future growth. WHAT'S MOVING [Group 1742 (87)] [Start Trading](113/cXx8Z04/VWXq422Kztd5W2_gxb_4PKCQrW1HN78y5dRhZHN4nN_cC2-ZVTW6N1vHY6lZ3lnN9cYV4VDpdjrVs3WL82NCb3FW5Sz1Zd8QkMgsW2Rk1zf41mm65W8gPW_d50MFZxV71Ymk4kycG-W6h86TT8mysrrW7YwQpD8GtYmHN1PR349JftJCW5qHzH6198RVcW2dGhC661f6JlW37z61p3rnhbNW8GPVQf15YNm0W5Z70q67WXsP6W2lFHxW23fhXlW3LNdTB986qt4N6VXSGcVy-xKW3DcSX37MhxmhW6Ck11553fLF7W2GY6047cW0kvW76YQ9Q2_zkDCW5GJ2ql5bhqBTdR8qT-04) [Group 3 (81)-1] Huawei The U.S. has revoked certain export licenses to sell chips to Huawei, intensifying efforts to curb China's tech power and affect companies like Qualcomm and Intel, which foresee impacts on their revenues due to these restrictions. [Group 1754 (31)] Tesla Tesla Chairwoman Robyn Denholm sold over $50 million worth of company stock in 2024, as part of a prearranged trading plan, while Tesla faces a challenging market environment with shares down 26% this year and plans for significant layoffs. [Group 1753 (32)] BP BP reported a first-quarter profit of $2.7 billion, down from nearly $5 billion the previous year, reflecting weaker oil and gas prices and fuels margin, but reaffirmed its commitment to a $3.5 billion share buyback for the first half of 2024. WHAT'S COMING UP? USD: Crude Oil Inventories: Exp. -1.430M v Prev. 7.265M USD: 10-Year Note Auction: Prev. 4.560% IN OTHER NEWS Wall Street The Dow Jones Industrial Average futures remained nearly unchanged after the index secured its longest winning streak since December, following a mixed trading day on Wall Street. The Dow edged up by about 0.1%, marking its fifth consecutive positive session—the longest such streak since December. Meanwhile, the S&P 500 also saw a slight increase of around 0.1%, whereas the Nasdaq Composite experienced a minor decline of 0.1%. [Group 1769] Europe European markets are poised for a mixed start with earnings on the horizon. The FTSE 100 is set to rise slightly by approximately 0.17%, while Germany's DAX is expected to drop by about 0.03%. France's CAC is anticipated to edge up by roughly 0.05%, and Italy’s FTSE MIB looks to decrease by around 0.14%. Companies such as Alstom, BMW, and Siemens Energy are among those scheduled to report earnings. MARKET INSIGHTS Fed Meeting Looms, BoJ Intervenes To Rescue Yen Currency markets ignited a week brimming with pivotal economic events with fireworks. [Read more](113/cXx8Z04/VWXq422Kztd5W2_gxb_4PKCQrW1HN78y5dRhZHN4nN_c02-ZVTW5BW0B06lZ3pGW742-hc3V7qq3W1_RGJX5-8NNlW1cz7JX4FZRK-W2zRRnv7_731VW2n3WLk7J69pwW2CDPh72kwVT1W3jsZxn2v6C56W65V6DQ3Jsql0W2vDTTH3nFcy2W8ZYf-Q2q3gRFW5nwdYZ7NMd0kW9fTQnN7nlwqtW4smTb28hgxMwW8Y6NJt5cR9jnW3glHz43Zh1N7W2BWBw58MY_BfW5l3TQQ1xy_zXW8B-Pxs306Sq6f2pFTZ604) Please note that due to market volatility, some of the prices may have already been reached and scenarios played out. The information above is not investment advice. 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