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Duolingo earnings put a Wall Street warning to the test
TheStreet16d agoneutral
Duolingo earnings put a Wall Street warning to the test

Duolingo's latest quartergave investors fresh evidence that user growth is accelerating, but one Wall Street firm still sees a problem with what the market is paying for the language-learning company. Duolingo (DUOL) reported second-quarter revenueof $298.5 million, up 18% from a year earlier, ...

GRND Stock Has Soared 250% Since Its 2022 IPO Crash, Leaving Starbucks, Target and Ethereum Behind
Benzinga16d agoneutral
GRND Stock Has Soared 250% Since Its 2022 IPO Crash, Leaving Starbucks, Target and Ethereum Behind

Grindr Inc. (NYSE:GRND) has staged a stunning Wall Street turnaround, soaring 251.62% from its 2022 post-IPO trough to dramatically outperform mainstream retail titans Starbucks Corp. (NASDAQ:SBUX) and Target Corp. (NYSE:TGT), as well as crypto heavyweight Ethereum (CRYPTO: ETH). A Remarkable Market Comeback After making its public trading debut in late 2022, the dating platform’s shares plunged to a low of $4.65 on Dec. 30, 2022. As noted in financial market commentary by automated trading serv

Betting on Cancellations? Kalshi Sued by FlightAware Over Unauthorized Data Use
Benzinga Private Markets16d agoneutral
Betting on Cancellations? Kalshi Sued by FlightAware Over Unauthorized Data Use

Aviation data provider FlightAware has sued prediction-market operator Kalshi, alleging the firm used FlightAware’s data and branding without permission to offer wagers tied to airline disruption. FlightAware Alleges Unauthorized Use of Brand and Information According to a report by Reuters...

Rising Oil Prices Pressure Bond Market Again
The Wall Street Journal16d agoneutral
Rising Oil Prices Pressure Bond Market Again

Higher energy prices are reigniting inflation concerns, pushing global government bond yields upward. The benchmark 10-year Treasury yield rose to 4.729% this morning, according to Tradeweb, within striking of its year-to-date closing peak of 4.

Barrick Mining appoints Sebastiaan Bock to lead Rest of World operations
InvestorsHub16d agoneutral
Barrick Mining appoints Sebastiaan Bock to lead Rest of World operations

Barrick Mining Corporation (NYSE:B) has appointed Sebastiaan Bock as Chief Executive Officer, Rest of World, giving him responsibility for the company’s gold and copper operations and projects outside North America. The appointment takes effect immediately, with Bock reporting directly to Barrick President and Chief Executive Officer Mark Hill.

Riot Says Massive AI Data Center Deal Could Top $1 Billion In Annual Rent
Benzinga16d agoneutral
Riot Says Massive AI Data Center Deal Could Top $1 Billion In Annual Rent

Riot Platforms, Inc. (NASDAQ:RIOT) stock traded higher Tuesday after the company reported second-quarter results after Monday’s market close. The rally may also have been supported by short-covering activity, with nearly 15% of the public float sold short. Second-Quarter Earnings Revenue rose 14% year over year to $174.2 million, beating the $152.1 million analyst estimate. Riot reported an adjusted EBITDA loss of $69.7 million, compared with adjusted EBITDA of $495.3 million a year earlier. The

Bloomberg16d agoneutral
‘Beverly Hills, 90210’ School Faces Crisis With Shrinking Enrollment, Rising Costs

(Bloomberg) -- With its verdigris copper bell tower, the 90-year-old Alexander Hamilton High School in West Los Angeles encapsulates many of the Los Angeles Unified School District’s woes.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Hopes DimStocks Churn as Hormuz Standoff Spurs Rally in Oil: Markets WrapFive Takeaways From Zuckerberg’s 6,500-Wo