Reddit’s User Warning Puts Its Cash Growth to a Fourth-Quarter Test
Reddit’s revenue and cash flow grew through September, but management warned that declining search referrals could reduce its daily audience in the fourth quarter.
Market Pulse
Today on the tape
What moved US markets today, why it matters, and what to watch next.
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Blackstone President Cautions AI Infrastructure Needs More Equity as Debt Limits Approach
Blackstone’s Jon Gray warns that the vast capital needs of AI infrastructure could outstrip lenders’ capacity, raising calls for greater equity involvement.
South Korea Unveils Record AI and Semiconductor Budget to Boost Tech Leadership
South Korea will sharply increase 2027 spending on AI and chip industries, targeting a sovereign AI model and aiming for nearly $1 trillion in exports.
Tech Stocks Retreat Pre-Market as Traders Await Amazon Results, Key Inflation Data
Tech shares lead US futures lower ahead of Amazon earnings and key PCE inflation data, following three consecutive days of gains for major indexes.
Tech Sector Diverges: Microsoft Surges on Cloud Growth, Alphabet Miss Sparks AI Disruption Fears
Microsoft shares rose on strong cloud results, while Alphabet's earnings miss and slow ad growth drove sharp declines across software stocks amid new concerns about AI disruption.
The tape
Latest signals
Tech Stocks Rebound as AI Spending Concerns Linger
The Nasdaq rose after entering correction territory, but a divergence between chipmakers and Apple shows the recovery did not resolve questions about AI investment costs.
Pershing Square Reports Q3 Loss, Expands Portfolio Amidst Higher Costs
Pershing Square saw a Q3 net loss as performance fees fell and expenses rose, but outperformed the S&P 500 on NAV return. Portfolio additions signal strategic repositioning.
Ford Rises 2% After Q3 Earnings, Trails GM’s 14% Rally: What Signals Matter Now?
Ford shares gained 2% in October, driven by Q3 results, while GM outperformed with a 14% surge. Cash flow, valuation, and earnings forecasts shape the outlook for both automakers.
Investor Rotation Highlights Underowned S&P 500 Stocks Beyond AI Leaders
Crowded AI trades are losing steam as attention shifts to overlooked S&P 500 names, including Motorola Solutions, Gen Digital, and CDW, which are surfacing in the recent investor rotation.
More from the tape
Binance Moves to Restore User Withdrawals After $6.3 Billion Crypto Heist
Binance says it has replenished almost all user funds after a historic $6.3 billion crypto hack and plans to resume withdrawals soon.
