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AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings

AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares resumed their historic rally on Thursday after the ad-tech company reported better-than-expected earnings for the second quarter. The stock popped 11% and is now up 34% for the year after soaring more than eightfold in 2024. Wall Street has piled into the company due to its growth

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Warner Bros. Discovery film studios lift second-quarter results

Warner Bros. Discovery film studios lift second-quarter results

Warner Bros. Discovery’s earnings got a boost from its film studios after a handful of box-office hits during the second quarter. The period from April though June saw the releases of “A Minecraft Movie,” “Sinners,” “Final Destination: Bloodlines” and “F1,” which together generated $2 billion in the global box office to date, the company said

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Craveworthy Brands becomes managing partner of Gregorys Coffee

Craveworthy Brands becomes managing partner of Gregorys Coffee

Gregorys Coffee was founded in 2006 and has more than 50 locations. Source: Gregorys Coffee Craveworthy Brands is now investor and managing partner of Gregorys Coffee, a New York City-based coffee chain with dreams of a nationwide footprint. The two companies announced the deal on Thursday. Financial terms were not disclosed. Craveworthy Brands, a fast-growing

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Restaurant Brands earnings miss estimates, but international division shines

Restaurant Brands earnings miss estimates, but international division shines

A Burger King restaurant with the slogan ”Flame Grilling Since 1954” is seen in Vienna, Austria, on June 7, 2025. Michael Nguyen | NurPhoto | Getty Images Restaurant Brands International on Thursday reported mixed quarterly results, as same-store sales declines for Popeyes were offset by strong demand internationally and at Tim Hortons. Here’s what the

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Eli Lilly hikes 2025 outlook, tops quarterly estimates as Mounjaro, Zepbound sales soar

Eli Lilly hikes 2025 outlook, tops quarterly estimates as Mounjaro, Zepbound sales soar

The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020. Mike Blake | Reuters Eli Lilly on Thursday hiked its 2025 guidance and posted second-quarter earnings that topped estimates on strong demand for its blockbuster weight loss and diabetes drugs. The company raised its fiscal 2025

Eli Lilly hikes 2025 outlook, tops quarterly estimates as Mounjaro, Zepbound sales soar Read More »

Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff

Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff

Peloton posted a surprise profit for its fiscal fourth quarter on Thursday and outlined its strategy to return to growth under new CEO Peter Stern. Shares gained 10% in premarket trading. The connected fitness company, known for its stationary bikes and treadmills, posted a net income of $21.6 million, compared with a loss of $30.5 million

Peloton posts surprise profit, announces yet another round of layoffs impacting 6% of staff Read More »

Eli Lilly’s obesity pill led to around 12% weight loss in closely watched late-stage trial, paving way for approval

Eli Lilly’s obesity pill led to around 12% weight loss in closely watched late-stage trial, paving way for approval

A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly on Thursday said the highest dose of its daily obesity pill helped patients lose around 12% of their body weight, or roughly 27 pounds, at 72 weeks in

Eli Lilly’s obesity pill led to around 12% weight loss in closely watched late-stage trial, paving way for approval Read More »

Apple and Trump detail 0 billion U.S. spending expansion, including .5 billion for an iPhone glass factory

Apple and Trump detail $100 billion U.S. spending expansion, including $2.5 billion for an iPhone glass factory

Apple CEO Tim Cook, left center, escorts President Donald Trump as he tours Apple’s Mac Pro manufacturing plant in Austin, Texas, Nov. 20, 2019. Tom Brenner | Reuters Apple CEO Tim Cook and President Donald Trump announced on Wednesday announced it will spend an additional $100 billion on U.S. companies and suppliers over the next

Apple and Trump detail $100 billion U.S. spending expansion, including $2.5 billion for an iPhone glass factory Read More »

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