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Thursday, May 23, 2024
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Booking Holdings beats profit estimates on strong travel demand

(Reuters) - Booking Holdings Inc reported a better-than-expected profit for the first quarter on Thursday, as the online travel agency benefited from pent-up demand that drove consumers to book

Carvana expects to post positive core profit in second quarter

(Reuters) - Carvana Co said on Thursday it expects to post a profit in the current quarter, as its cost actions helped the used-car retailer to mitigate some impact of a decline in sales. Shares of

Expedia Group beats Street estimates on record lodging bookings

By Doyinsola Oladipo NEW YORK (Reuters) -Expedia Group Inc on Thursday beat Wall street estimates for first-quarter revenue on record lodging bookings and increased international travel demand. Shares

FTX gets approval for LedgerX sale, asserts $3.9 billion Genesis claim

By Dietrich Knauth (Reuters) - Bankrupt crypto exchange FTX received U.S. bankruptcy court permission on Thursday to sell its LedgerX business for $50 million, raising additional funds to repay

TikTok advertisers continue to spend on app amid threat of potential US ban

Despite the concerns about its Chinese ownership, TikTok’s ad business is poised to grow 36% to $6.83 billion this year, according to research firm Insider Intelligence.

Bumble posts robust quarterly revenue on sustained user spending

(Reuters) -Bumble Inc beat estimates for first-quarter revenue on Thursday as user spending on its dating app remained strong despite a looming recession, sending the company's shares up 4.6% in

Block beats expectations on revenue, boosting shares

By Hannah Lang (Reuters) -Block Inc posted a rise in first-quarter revenue on Thursday as its popular payments platform Cash App continued to drive growth, a metric investors will be closely watching

Apple beats revenue, profit estimate on iPhone sales growth

By Stephen Nellis (Reuters) - Apple Inc on Thursday reported quarterly revenue and profit above Wall Street's expectations, with iPhone sales rising and wearables sales slipping less than analysts had

Lyft’s weak forecast overshadows strong first quarter, shares slump

By Akash Sriram (Reuters) -Lyft Inc forecast a disappointing second quarter on Thursday despite a strong performance in the January-March period, fanning doubts about its effort to turnaround its

Crypto exchange Coinbase posts smaller first-quarter loss

(Reuters) -Cryptocurrency exchange Coinbase Global Inc posted a smaller first-quarter loss on Thursday after investors tiptoed back to the strained asset class to hedge their bets against a worsening

On Camera

Lower oil prices lead to 4x profits for oil firms, bonanza for govt, but no relief for aam aadmi

Petrol & diesel prices have barely changed since June 2022, even though oil prices have fallen 28% since then. This has boosted profitability of OMCs and dividend payouts to govt.

‘Joint culture needed first’ — CDS Gen Chauhan outlines first steps on the road to theaterisation

ThePrint had reported earlier this month that while theaterisation is the ultimate goal, set to be rolled out one year from now, the focus is on structured jointness initiatives by 2024-end.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?