Boonchai Wedmakawand | Moment | Getty Images The founder of the company behind the IRL social media app was charged with defrauding investors of $170 million in the company’s 2021 funding round, the Department of Justice said Wednesday. A federal grand jury in Oakland federal court indicted Abraham Shafi, 38 of Hawaii, with wire fraud,…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2025. Jeenah Moon | Reuters Stocks rose Wednesday, thanks to a jump in Apple, as investors analyzed the latest batch of corporate earnings. The S&P 500 gained 0.8%, while the Nasdaq Composite advanced 1.3%. The Dow…
Traders works on the floor of the New York Stock Exchange (NYSE) during morning trading on August 4, 2025, in New York City. Angela Weiss | Afp | Getty Images The Dow Jones Industrial Average fell on Tuesday as traders assessed weaker-than-expected economic data and new tariff comments from President Donald Trump. The blue-chip Dow…
Reddit shares jumped as much as 20% after the company reported second-quarter earnings on Thursday that beat on sales and guidance. Here’s how the company did compared with LSEG estimates: Earnings per share:Â 45 cents vs. 19 cents expected Revenue:Â $500 million vs. $426 million expected Reddit’s sales grew 78% year-over-year in the second quarter and was…
The TikTok logo is seen in this illustration taken on Aug. 22, 2022. Dado Ruvic | Reuters A judge this week rejected TikTok‘s attempt to dismiss a lawsuit by the state of New Hampshire accusing it of using manipulative design features aimed at children and teens. “The Court’s decision is an important step toward holding…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as traders eyed the latest tariff developments, and what’s on the radar for the next…
