Tech shares in focus as investors eye latest filings from funds
By Carolina Mandl and David Randall NEW YORK (Reuters) - Tech stocks once again grabbed the attention of the world's biggest funds in the second quarter, regulatory filings showed, as the S&P 500 rallied to a series of record highs that
Bumble revenue beats estimates on paying users strength, shares jump
By Jaspreet Singh (Reuters) - Bumble beat Wall Street estimates for first-quarter revenue on Wednesday helped by growth in its paying users, sending the company's shares up more than 9% in aftermarket trading. The company, which offers dating apps such as Bumble,
Short sellers target Reddit shares as stock slips
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Reddit stock's stellar market debut has drawn significant bearish bets against the social media forum in its first few days of trading, data from analytics company Ortex on Wednesday showed. Based on 2.15 million
Alibaba boosts share buy back as revenues miss estimates
By Casey Hall and Harshita Mary Varghese SHANGHAI (Reuters) - China's Alibaba Group Holding on Wednesday missed analysts' estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the world's second-largest economy. U.S.-listed shares of Alibaba fell
China regulator removes draft video game rules from website; shares jump
By Josh Ye HONG KONG (Reuters) - China's gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by Reuters on Tuesday showed, in a move that
SoftBank gets $7.6 billion T-Mobile stake windfall, shares soar
By Sam Nussey TOKYO (Reuters) - SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate's shares up 5%. Masayoshi Son's conglomerate said late on Tuesday it had
Micron revenue forecasts strong recovery, shares jump
By Arsheeya Bajwa and Max A. Cherney (Reuters) - Micron Technology forecast quarterly revenue above market estimates on Wednesday, and its shares jumped nearly 5% in extended trading on signs of memory chip recovery in 2024 after one of the most
Vodafone shares climb as Iliad proposes Italian merger
By Elvira Pollina and Paul Sandle MILAN/LONDON/PARIS (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian units, a move that would combine its fast-growing consumer base with the British company's strength in business
Sony shares slide after earnings highlight concern about games, sensors
By Sam Nussey TOKYO (Reuters) - Shares in Japan's Sony fell 6% in Tokyo trade after first-quarter profit tumbled, with the entertainment conglomerate reporting lacklustre performances by its movie and financial divisions. Operating profit slid 31% and comments by Sony executives over