Reddit Inc. experienced a significant increase in its shares, rising by as much as 22% during after-hours trading on Tuesday following the company’s impressive sales and forecast that exceeded analyst expectations. Since its initial public offering in March, the social network operator reported sales of $348.4 million for the quarter ending in September, surpassing the … Read more
Evercore ISI has raised its price target for Vertiv Holdings Co. (NYSE: VRT) to $135.00 from $125.00, maintaining an Outperform rating on the stock. The firm noted Vertiv’s strong performance in the September quarter, with revenues and earnings per share (EPS) surpassing market expectations. Vertiv reported revenue of $2,074 million and EPS of $0.76, beating … Read more
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House The US dollar has surged to its highest level since August, driven by strong economic data and growing investor confidence in Donald Trump’s chances of winning the upcoming presidential election. The currency … Read more
Most Asian currencies remained stable on Friday as the dollar held steady at more than two-month highs due to strong economic data, which reinforced expectations of smaller interest rate cuts. Regional markets were largely unaffected by Chinese gross domestic product data showing expected growth in the third quarter. The yuan slightly strengthened after the data … Read more