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☆ This chart shows just how absurd Trump Media's valuation is
▼ + stars: | 2024-05-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

It's well known that Trump Media stock trades at a premium valuation, but one chart shows just how absurd it is. AdvertisementA lot has been written about Trump Media and Technology Group's premium valuation, but one chart really helps put it into perspective. The social media company, founded by former President Donald Trump, has a market valuation of nearly $7 billion. Another way to value the profitless Trump Media is to compare its current market valuation to its monthly active user base. Since Trump Media's recent stock surge,that valuation has surged to $1,309 per Truth Social user, and at its peak in March, each Truth Social user was worth $1,794.

Persons: Donald Trump's, —, Donald Trump, Michael Cembalest, Alex W, Cembalest, Steve Sosnick, MAGA, Sosnick Organizations: Trump Media, Service, Technology, Truth, MSNBC, JPMorgan, Trump, Interactive Brokers Locations: 1,590x

☆ Chris Pine on His Best Movie Roles: 'Wonder Woman,' 'Star Trek,' 'Unstoppable,'
▼ + stars: | 2024-05-08 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +11 min

Whether he's playing the handsome leading man in a rom-com or an intensely focused franchise star, Pine has the uncanny ability to adapt into the movie star that's needed at any particular moment. I learned more from that set about what it means to be a movie star than probably anything else. On turning down 'Wonder Woman' twice before director Patty Jenkins convinced him by bringing up 'Casablanca'"Wonder Woman." Warner Bros. PicturesBy the time you did the "Wonder Woman" franchise, you had done your fair share of blockbusters. Even think of "Wonder Woman 1984" — that's a blockbuster movie that is a hero's journey not about revenge.

Persons: Chris Pine, he's, Don Mattingly, Annette Bening, Danny DeVito, Gwynne Gilford, Robert Pine, Sergeant Getraer, Jack, Pine, Anne Hathaway, David Caruso, it's, Kirk —, Kirk, William Shatner, Karl Urban, McCoy, Karl, Spock, Zach, Quinto, Leonard, Nimoy, Abrams, Shatner, Denzel, Denzel Washington, Tony Scott, Mark Bomback, I'm, you'd, Ben Foster, Taylor, Sheridan, David, Mackenzie, Jeff Bridges, Jeff, Ben, hadn't, Patty Jenkins, Patty, Steve Organizations: Business, Yankee, Washington, Walt Disney Pictures, CSI, Paramount Pictures, Denzel Washington, Denzel, Denzel Washington —, CBS, Warner Bros ., gonzo Locations: cardigan, Pine, Coast, heartthrob, Miami, Casablanca

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Georgia appeals court will hear Trump bid to disqualify D.A. Fani Willis in election case
▼ + stars: | 2024-05-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Fani Willis, the district attorney of Fulton County, Georgia, photographed on Sept. 20, 2022, and former President Donald Trump, photographed on Aug. 8, 2023. A Georgia appeals court Wednesday agreed to hear a bid by Donald Trump to disqualify Fulton County District Attorney Fani Willis from the former president's criminal election interference case. Trump still faces 10 criminal counts in Willis' case. That order grants Trump's application to appeal McAfee's disqualification ruling while Willis' case is ongoing. The appeals court gave Trump 10 days to file the notice of appeal.

Persons: Fani Willis, Donald Trump, Scott McAfee, Willis, Trump, Joe Biden, Steve Sadow, Fulton County DA Willis, Nathan Wade, Wade, McAfee Organizations: Fulton, Trump, Fulton County, Georgia, McAfee, Trump —, NBC Locations: Fulton County , Georgia, Georgia, Fulton County, Georgia's

☆ Georgia appeals court says it will consider Trump’s effort to disqualify DA Fani Willis from election subversion case
▼ + stars: | 2024-05-08 | by ( Devan Cole | Holmes Lybrand | ) edition.cnn.com time to read: +2 min

CNN —The Georgia Court of Appeals will consider an effort by Donald Trump and his co-defendants to disqualify District Attorney Fani Willis from the 2020 election subversion case. In a brief order Wednesday, the court said it will hear the appeal from Trump and others challenging the ruling from Judge Scott McAfee that allowed Willis to remain on the case. No trial date has been set in the sprawling election subversion conspiracy case against Trump, and the decision to consider the appeal is another sign that pre-trial efforts to delay a trial are succeeding. Tuesday, a federal judge in Florida indefinitely postponed Trump’s trial on mishandling classified documents at his Mar-a-Lago estate. Willis testified that she paid Wade back for the expenses in cash.

Persons: Donald Trump, Fani Willis, Trump, Scott McAfee, Willis, Willis ’, Steve Sadow, “, Fulton County DA Willis, ”, Nathan Wade, Wade, McAfee, Weeks, McAfee’s, Willis “, flagrantly Organizations: CNN, Trump, Appeals, Fulton County Locations: Georgia, Florida, Lago, Fulton

☆ Watch CNBC's full interview with Needham's Laura Martin and The Verge's Nilay Patel on Apple's future
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Needham's Laura Martin and The Verge's Nilay Patel on Apple's futureLaura Martin, senior internet and media analyst at Needham; and Nilay Patel, editor in chief of The Verge; and CNBC's Steve Kovach join 'The Exchange' to share details on Apple's new iPad, the company's approach to AI, and more.

Persons: Needham's Laura Martin, Nilay Patel, Laura Martin, Steve Kovach Organizations: Needham

☆ The Fed 'shouldn't be using forward guidance,' says Ironsides Macroeconomics' Barry Knapp
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed 'shouldn't be using forward guidance,' says Ironsides Macroeconomics' Barry KnappBarry Knapp, director of research at Ironsides Macroeconomics, Paul McCulley, former PIMCO chief economist, and CNBC's Steve Liesman join 'The Exchange' to share outlooks on the Fed's rate stance.

Persons: Barry Knapp Barry Knapp, Paul McCulley, Steve Liesman

☆ Our users are finding their home on Reddit, says CEO Steve Huffman
▼ + stars: | 2024-05-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur users are finding their home on Reddit, says CEO Steve HuffmanReddit Co-Founder and CEO Steve Huffman joins 'Mad Money' host Jim Cramer to talk its first quarter results after going public, user trends on the platform, what's ahead for the website and more.

Persons: Steve Huffman Reddit, Steve Huffman, Jim Cramer

☆ Reddit shares soar after company reports strong first-ever earnings with record user traffic
▼ + stars: | 2024-05-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Reddit beat expectations for its first financial quarter as a publicly traded company. Strong revenue growth and record user traffic sent the stock price up 16% in after-hours trading. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The company also boasted a record 82.7 million daily active users, up 37% from the year before. "We see this as the beginning of a new chapter as we work towards building the next generation of Reddit."

Persons: —, Reddit, Steve Huffman Organizations: Service, Business

☆ Federal judge blasts threat by Alabama to prosecute groups aiding out-of-state abortions
▼ + stars: | 2024-05-07 | by ( John Fritze | ) edition.cnn.com time to read: +4 min

The suits were brought not by women seeking an out-of-state abortion but rather by groups that intend to help them. Collectively, he wrote, the groups receive as many as 95 inquiries each week asking about the availability of out-of-state abortions. Even before the Supreme Court overturned Roe in 2022, abortion rights groups warned that some states might attempt to limit out-of-state travel for the procedure. “This is the world Dobbs created – one of intense interstate conflict.”The Supreme Court’s majority opinion in Dobbs didn’t deal with out-of-state travel. “For example, may a state bar a resident of that State from traveling to another state to obtain an abortion?

Persons: Roe, Wade, Steve Marshall, Myron Thompson, ” Thompson, Thompson, Jimmy Carter, ” Thomson, ”, Marshall, “, Temple University Beasley School of Law Dean Rachel Rebouché, Dobbs, Brett Kavanaugh, ” Kavanaugh, Alison Mollman Organizations: CNN, Republican, Fund, Alabama, Jackson, Health Organization, Temple University Beasley School of Law, and Drug Administration, American Civil Liberties Union Locations: Alabama, California, Dobbs v, United States . Alabama

☆ Journalist sounds alarm on dangers of propaganda, calling it ‘one of the worst crises for American democracy this century’
▼ + stars: | 2024-05-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

“I think it is at the center of one of the worst crises for American democracy this century, certainly in recent decades,” Applebaum told me by phone Tuesday. “They don’t believe journalists. They don’t believe independent ombudsman. They don’t believe institutions or science. It is not possible to understand why Trump continues to hold a firm grip over the Republican Party without understanding the propaganda machine at his disposal.

Persons: CNN — Anne Applebaum, ”, Donald Trump, Applebaum, authoritarians —, ” Applebaum, Vladimir Putin’s, Vladimir Putin’s Russia “, Trump, Rupert Murdoch, Tucker Carlson, Sean Hannity, Steve Bannon, “, it’s, Steve Bannon’s, that’s, David Muir, Lester Holt, Norah O’Donnell, Carlson, MAGA Organizations: CNN, Trump, Putin, Sputnik, MAGA Media, New York Times, Washington, Fox News, Republican Party Locations: U.S, Vladimir Putin’s Russia, Ukraine

☆ Billionaire Steve Cohen's $33.9 billion Point72 sheds stockpickers
▼ + stars: | 2024-05-07 | by ( Bradley Saacks | Alex Morrell | ) www.businessinsider.com time to read: +2 min

Billionaire Steve Cohen's Point72 has cut at least seven long-short equity portfolio managers. The firm, which is up 5.9% in 2024 through April, has dozens of portfolio managers across strategies. AdvertisementBillionaire Steve Cohen's Point72 has cut at least seven long-short equity portfolio managers, several people close to the fund told Business Insider. As of last September, the firm had 100 long-short portfolio managers. Five more macro portfolio managers joined the firm in March, Bloomberg previously reported, and the total number of macro teams now stands at more than 50.

Persons: Steve Cohen's Point72, —, Brevan Howard, Schonfeld, Point72, Mo Grimeh Organizations: Service, Business, Bloomberg, Millennium

☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

☆ Reddit CEO joins Jim Cramer to talk its first quarterly earnings report
▼ + stars: | 2024-05-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit CEO joins Jim Cramer to talk its first quarterly earnings reportReddit Co-Founder and CEO Steve Huffman joins 'Mad Money' host Jim Cramer to talk its first quarter results after going public, user trends on the platform, what's ahead for the website and more.

Persons: Jim Cramer, Reddit, Steve Huffman

☆ Did menswear win the 2024 Met Gala? The best dressed men on the red carpet
▼ + stars: | 2024-05-07 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Nods to the event’s dress code, JG Ballard’s 1962 short story “The Garden of Time,” came in all forms. Wisdom Kaye's Robert Wun suit included a corsage, burnt at the edges like the lapels of his overcoat and hat. Coleman Domingo similarly finished off his billowing Willy Chavarria suit with black-rimmed eyes and a drooping bunch of wistful white lilies. Barry Keoghan's Burberry suit came with a satin necktie, top hat and three watches. Mike Coppola/MG24/Getty Images for The Met Museum/VogueAs always, a few stars miss — or dodge — the theme entirely, and menswear this year was no exception.

Persons: Gigi Hadid, Jordan Roth, Emily Ratajkowski, ”, Lewis Hamilton, Nicholas Galitzine, Jeremy Strong, Jonathan Bailey, Vogue, Loewe, Jonathan Bailey's peony bowtie, Aliah Anderson, “, Mike Faist, Josh O’Connor, —, O’Connor, clogs, Dan Levy’s, Jamie Dornan’s, Robert Wun, John Shearer, Seán McGirr, Alexander McQueen, Usher, Wisdom Kaye, Coleman Domingo, Willy Chavarria, florals, Barry Keoghan's Burberry, Taylor Hill, Jeff Goldblum, Count Axel, Gilbert Flores, Barry, Andrew Vottero, Prada, ” Goldblum, Emma Chamberlain, Hannah Bagshawe, Eddie Redmayne, Steve O Smith, Mike Coppola, Taika Waititi, Oscar Organizations: CNN, Burberry, Variety, Getty, Vogue, The Met Museum

☆ Apple unveils new iPads
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple unveils new iPadsCNBC's Steve Kovach joins 'Squawk on the Street' to discuss the latest products unveiled at the Apple event.

Persons: Steve Kovach Organizations: Apple

☆ Cybersecurity professionals say generative AI can be exploited in cyberattacks — but it can also be a powerful defense
▼ + stars: | 2024-05-07 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +5 min

Generative AI is revolutionizing cybersecurity in connected networks. Generative AI has become a double-edged sword for the security of connected networks. On one hand, generative AI can speed up cybersecurity problems, making it easier and cheaper for bad actors to conduct identity attacks. Business Insider spoke with several cybersecurity professionals who attended the annual RSA conference this week in San Francisco about how generative AI is increasingly used in cybersecurity for 5G devices and networks. Now that mobile and Internet of Things devices have become more ubiquitous, they're using even more data, which generative AI can help filter and secure.

Persons: —, David Cooper, Cooper, Shaun McAlmont, Chris Novak, David Aviv, Steve Wilson, Ev Kontsevoy, It's, Rohit Ghai, Ghai, Wilson Organizations: Service, Accenture Security, RSA, Verizon Business Locations: cybersecurity, San Francisco

☆ The iPad's operating system 'needs a revamp,' says The Verge's Nilay Patel
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe iPad's operating system 'needs a revamp,' says The Verge's Nilay PatelLaura Martin, senior internet and media analyst at Needham, Nilay Patel, editor in chief of The Verge, and CNBC's Steve Kovach join 'The Exchange' to share details on Apple's new iPad, how Apple will approach AI, and more.

Persons: Nilay Patel Laura Martin, Nilay Patel, Steve Kovach Organizations: Needham, Apple

☆ Why Apple will be the big winner of AI's 2nd wave, according to 'Big Short' investor Steve Eisman
▼ + stars: | 2024-05-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Steve Eisman told Bloomberg TV that Apple will benefit from the coming wave of AI-based applications. Prospects of an AI iPhone have spurred bullish calls among other analysts. AdvertisementApple is well positioned to exploit the second leg of artificial intelligence, as the technology starts to take the form of mobile applications, Steve Eisman said. Sacconaghi's bullishness preceded Apple's winning earnings, during which CEO Tim Cook teased big AI announcements to come. AdvertisementWhen it comes to AI, Eisman has previously touted big investments in infrastructure, which would benefit from the tech's massive power demand.

Persons: Steve Eisman, —, everybody's, Neuberger Berman, we're, Eisman, Bernstein's, Toni Sacconaghi, Sacconaghi's bullishness, Tim Cook, Dan Ives Organizations: Bloomberg, Apple, Service, Nvidia, AMD, Cook, Co, Securities, Worldwide Locations: China

☆ Abortion bans drive away up to half of young talent, new CNBC/Generation Lab youth survey finds
▼ + stars: | 2024-05-07 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +7 min

"These numbers on abortion have gigantic implications for just about every large company in America," said Cyrus Beschloss, the CEO of The Generation Lab. The CNBC/Generation Lab survey was conducted between April 26 and May 2, and has a margin of error +/- 3.1%. Sour on the economyThe survey also found that respondents had a negative opinion of an economy many would consider robust. The survey showed that 54% of respondents feel inflation impacts them the most in "the cost of food." Offered two options of how the government should proceed with TikTok, a large majority — 70% — of survey respondents said it should "allow TikTok to keep operating as usual."

Persons: Elijah Nouvelage, Cyrus Beschloss, they're, Roe, Wade, Jerome Powell, Powell, Delano Saporu, Saporu, Joe Biden, Steve Cohen, workweek, Kennedy, Biden, Donald Trump, Daniel Steinle Organizations: Emory University, AFP, Getty, CNBC, U.S, Federal Reserve, New Street Advisors, Congress, New York Mets, Biden, Trump, Bloomberg Locations: Atlanta , Georgia, USA, America, Washington, U.S, Waukesha, Waukesha , Wisconsin

☆ Reddit CEO talks advertising, says consumers and companies are attracted to the platform
▼ + stars: | 2024-05-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

"People are on Reddit talking about what they love to do or what they're going to do. And so, it makes a not only fun experience around communities, but a really natural connection with ... a company's customers." Huffman described the variety of communities on Reddit and highlighted that many revolve around a certain hobby or interest. He said one of the things people do when they discover a new hobby is to discuss what gear they're going to buy in their Reddit community. One windfall for Reddit is its ability to attract and retain users of varying ages, Huffman said.

Persons: Reddit's, Steve Huffman, CNBC's Jim Cramer, Huffman, Wall, they're Locations: Reddit

☆ Reddit shares soar 14% after company reports revenue pop in debut earnings report
▼ + stars: | 2024-05-07 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Reddit shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since its IPO in March. That may not compare with the $8.71 loss expected by LSEG$8.19 loss per share. That may not compare with the $8.71 loss expected by LSEG Revenue: $243 million vs. $212.8 million expected by LSEGRevenue climbed 48% from $163.7 million a year earlier. For the second quarter, Reddit expects revenue of $240 million to $255 million, topping the $224 million expected by analysts, according to LSEG. The company reported 82.7 million daily active users for its first quarter, up from the 76.6 million expected by StreetAccount.

Persons: Steve Huffman, Snoo, Reddit, Here's, Meta, Alexis Ohanian, Huffman Organizations: New York Stock Exchange, LSEG, LSEG Revenue, Digital, Amazon, Google, StreetAccount Locations: New York

☆ Chris Pine is 'stunned' the 'Wonder Woman' franchise is over
▼ + stars: | 2024-05-06 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +3 min

Read previewIt's been four years since the last "Wonder Woman" movie debuted in theaters, and Chris Pine still can't believe the successful franchise has ended. In the movies, Pine played American spy Steve Trevor, the love interest of Gal Gadot's Diana Prince/Wonder Woman character. In 2017's "Wonder Woman," directed by Patty Jenkins, Trevor teams up with Prince to fight with the Allies in World War I, and eventually, the two fall in love. Chris Pine and Gal Gadot in "Wonder Woman." The rest is history, as the first "Wonder Woman" movie became a sensation.

Persons: —, Chris Pine, Pine, Steve Trevor, Gal Gadot's Diana Prince, Patty Jenkins, Trevor, Prince, Jenkins, James Gunn, Peter Safran, I'm, Patty, Steve, gonzo, Gal Gadot, Rebecca Blackwell Organizations: Service, Allies, Business, Warner Bros, DC, DC Comics, Galaxy, DC Studios Locations: American, Casablanca

☆ Jude Bellingham: How a 20-year-old Englishman fueled Real Madrid’s record-extending La Liga title
▼ + stars: | 2024-05-06 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —Jude Bellingham celebrated winning his first ever La Liga title with his mother, posting a picture on Instagram of the two hugging with the legendary Santiago Bernabéu Stadium stretching out behind them. We had a lot of continuity from the first to the last game.”When Bellingham joined Real Madrid, expectations were high for the young Englishman. Jude Bellingham celebrates with Real Madrid fans after winning the Champions League quarterfinal against Manchester City. He scored 10 goals in his first 10 games, won La Liga’s player of the month for August and quickly displayed his knack of finding late winners, rescuing Real late on against Getafe in September. It isn’t just his goalscoring that has proven so effective for Real Madrid.

Persons: CNN — Jude Bellingham, Santiago, Rodrygo, Ballon, Carlo Ancelotti, ”, Realmadrid, “, Jude Bellingham, Molly Darlington, Karim Benzema, Kylian Mbappé, “ Jude Bellingham, David Beckham, Cristiano Ronaldo, Zinedine Zidane, Zidane, Steve McManaman, “ There’s, I’ve, Cádiz, CNN’s Amanda Davies Organizations: CNN, Liga, Real Madrid, Borussia Dortmund, La Liga, Bellingham, El, Barcelona, League, Manchester City, Reuters, Champions League, La, Real, Getafe, Spanish, Marca, TNT Sports, TNT, Warner Bros . Locations: Bellingham, La, Spanish, Madrid

☆ WSJ's Greg Ip: Everybody's conviction of 2% inflation has to be lower after what we've seen
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Greg Ip: Everybody's conviction of 2% inflation has to be lower after what we've seenCNBC's Steve Liesman and Greg Ip, Wall Street Journal chief economics commentator and deputy economics editor, join 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, impact on the central bank's interest rate path, and more.

Persons: Greg Ip, we've, Steve Liesman Organizations: Wall Street Journal

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