Business and Finance
Zelle's meteoric rise continues as it surpasses $1 trillion in total volumes in 2024, marking the highest-ever for a peer-to-peer platform. With a 12% increase in users and a 27% surge in transaction volumes, Zelle's growth now outpaces competitors like PayPal.
Business and Finance
Dell’s shares surged after reports of a $5 billion AI server deal with Elon Musk’s xAI, featuring Nvidia GPUs. The move strengthens Dell’s AI presence amid rising demand for AI infrastructure.
Business and Finance
AppLovin's stock surged over 20% after a strong earnings report, driven by AI-powered AXON growth. Analysts remain bullish as the company divests its apps business to focus on advertising and new verticals.
Business and Finance
Airbnb shares surged 15% after surpassing Q4 earnings expectations, reporting $2.48 billion in revenue. The company continues expanding with new offerings, technological advancements, and philanthropic initiatives supporting disaster victims.
Business and Finance
Meta Platforms' stock surged 18% in January, driven by AI advancements, a potential TikTok ban, strong earnings, and a favorable business climate under Trump, positioning Meta for continued growth.
Business and Finance
Doximity shares surged 36% after reporting impressive fiscal third-quarter earnings, surpassing revenue expectations and raising guidance. Analysts hailed it as a "statement quarter," highlighting strong growth and strategic expansion.
Business and Finance
Elon Musk's $97.4 billion bid for OpenAI aims to regain control and push for open-source AI, but CEO Sam Altman believes it's a strategic move to slow down competition while xAI catches up.
Business and Finance
Uber’s stock surged after billionaire investor Bill Ackman disclosed a $2.3 billion stake through Pershing Square Capital. This strategic investment signals strong confidence in Uber’s long-term growth potential and market dominance.
Business and Finance
ELF Beauty stock took a significant hit, plunging 28% following mixed earnings and lower-than-expected guidance. The brief TikTok ban and LA wildfires led to weaker social media engagement, impacting beauty trends and investor confidence.
Business and Finance
PayPal's shares fell nearly 10% after its unbranded payment business saw slowed growth. CEO Alex Chriss prioritizes profitability, but competition from Apple and Google challenges its market dominance.
Business and Finance
Tariffs on Canada, China, and Mexico could raise consumer prices, reduce choices, and impact jobs. Economists warn of economic downsides, while the White House claims benefits. Retaliatory tariffs may escalate trade tensions.
Business and Finance
U.S. President Donald Trump announced on Sunday that he would be cutting off funding to South Africa over its land expropriation law