Hard times for Tinder and Bumble: Why investors are cashing in their dating app stock
Saturation, a lack of innovation, rising fees, and the resurgence of real-world interactions pose significant threats to the business of hook-up apps
Saturation, a lack of innovation, rising fees, and the resurgence of real-world interactions pose significant threats to the business of hook-up apps
The former head of global strategy for JPMorgan had been warning of a correction since September last year. He was fired a few days before the S&P 500 plunged
The company has struggled to make the clothing marketing deal profitable
Shareholders of Digital World Acquisition Corp voted in favor of uniting with Trump Media & Technology Group at a time when the former president is running out of time to make a $454 million payment in connection with a civil fraud case
Supervisors like the SEC and the ESMA are warning about misleading information regarding companies’ tech capabilities, and working to ensure artificial intelligence does not create a systemic risk for investors down the line
All three stock indexes racked up weeks of gains, but the tech-heavy Nasdaq stands out, rising 43%, its best performance since 2020
For most of the year, gains in the broader market were driven largely by seven stocks — Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla — dubbed the Magnificent 7
The U.S. primary market is regaining momentum with high-profile IPOs by brands like Arm Holdings, Instacart, Klaviyo and Birkenstock after a long period of dominance by other alternatives
The operation involves a merger between Barça Media and a special purpose acquisition company, and seeks to raise capital on the American stock exchange
Stocks of oil producers jumped after Saudi Arabia and other major oil producers said they’ll cut production by 1.15 million barrels per day from May until the end of the year
The second-biggest bank failure happened after depositors began withdrawing their money creating a run on the bank.
Stocks are coming off a sharp drop the prior day after the head of the Federal Reserve warned it could speed up its hikes to interest rates if pressure on inflation stays high
Wall Street had already been convincing itself that higher rates than earlier thought were on the way and that the Fed may even possibly go back to larger rate increases following last month’s data reports
The stock market has found some footing over the last week after a roller-coaster start to the year where a swift rise gave way to a sharp tumble
The S&P 500 was 1.2% lower in midday trading and on track to make its third straight weekly loss its worst since early December
Home Depot fell to one of the market’s larger losses after giving financial forecasts that fell short of expectations
The S&P 500 was 1.1% higher ahead of Tuesday’s report on whether figures are continuing to cool or perhaps setting the market up for worse pain
The parent company of Facebook, Instagram and WhatsApp has gained $90 billion in market capitalization and boosted the Nasdaq
The main US indexes declined after positive unemployment figures were announced on Friday. Is the sector just inherently evil?