Author: i2wtc

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: 45 cents vs. 19 cents expectedRevenue: $500 million vs. $426 million expectedReddit’s revenue grew 78% year-over-year in the second quarter and was 17% above consensus estimates, the biggest beat in its short history as a public company. Net income came in at $89 million in the second quarter, compared with a net loss of $10 million in the second quarter of last year due to costs associated with its IPO.The company…

This aerial drone photo taken on April 1, 2025 shows the high-grade highway from Lhasa to Nyingchi in southwest China’s Xizang Autonomous Region. (Xinhua/Jigme Dorje)LHASA, July 31 (Xinhua) — From 2012 to 2024, Xizang has completed a total investment of 401.925 billion yuan (about 55.86 billion U.S. dollars) in fixed assets in highway transportation, and the total highway mileage has increased from 65,200 kilometers in 2012 to 124,900 kilometers by the end of 2024.  A comprehensive transportation network centered on Lhasa and radiating to Xigaze, Shannan, Nyingchi and Nagqu has been established, which promotes economic and social development and benefits…

Listen to article In a landmark achievement for gender inclusion in Pakistan’s public transport sector, Nida Saleh Malik has become the country’s first female train driver, operating the Orange Line Metro Train in Lahore. Once a young girl fascinated by the sound of trains, Nida Saleh Malik has turned her childhood dream into a historic reality. Her appointment is not only a personal milestone but also a significant step forward in breaking gender stereotypes in a field long dominated by men. Trained as a transportation engineer, she began her professional journey with the Lahore Metro system. Her consistent dedication and strong performance…

Thiago Prudencio | LightRocket | Getty ImagesCoinbase is planning to expand its core trading app beyond crypto, the company said Thursday.The newly imagined “everything exchange” will include tokenized real-world assets, stocks, derivatives, prediction markets and early-stage token sales. The new offerings will roll out in the next few months, first to U.S. users, followed by a “gradual international rollout based on jurisdictional approvals,” Max Branzburg, vice president of product at Coinbase, told CNBC. “We’re building an exchange for everything,” he said. “Everything you want to trade, in a one-stop shop, on-chain. … We’re bringing all assets onchain — stocks, prediction markets,…

Listen to article Canada plans to recognize the State of Palestine at a meeting of the United Nations in September, Prime Minister Mark Carney announced on Wednesday, ratcheting up pressure on Israel as starvation spreads in Gaza. The announcement came after France said last week it would recognize a Palestinian state and a day after Britain said it would recognize the state at September’s UN General Assembly meeting if the fighting in Gaza, part of the Palestinian territories occupied by Israel, had not stopped by then. Carney told reporters that the reality on the ground, including starvation of people in Gaza, meant…

Amazon Web Services CEO Matt Garman speaks at the AWS re:Invent conference in Las Vegas on Dec. 4, 2024.Noah Berger | ReutersAmazon’s cloud group grew recorded revenue growth of 18% in the second quarter, slightly ahead of analysts’ estimates. Amazon Web Services continues to lead the cloud infrastructure market, but is facing intensifying pressure from Microsoft and Google, as all three companies ramp up investments in artificial intelligence to take advantage of booming demand.Microsoft and Google reported better-than-expected cloud results for the latest quarter, with higher growth rates than Amazon. On Wednesday, Microsoft CEO Satya Nadella said revenue from Azure…

The logo of Best Buy and Ikea on shopping carts.Getty ImagesBest Buy said Thursday it will test mini-showrooms in some of its stores featuring Ikea products to show off kitchen design elements from the home retailer beside home appliances from the electronics store.Beginning this fall, the program will debut in 10 Best Buy stores across Florida and Texas. Each store will feature a 1,000-square-foot Ikea “shop-in-shop” showcasing styled kitchens and laundry rooms.”By bringing together our home furnishing expertise, products, and services with Best Buy’s leadership in appliances and technology, we’re creating a one-stop destination where customers can design their dream…

Pakistan successfully launched its latest remote sensing satellite from China’s Xichang Satellite Launch Centre (XSLC), said the foreign ministry on Thursday.  The launch was carried out by SUPARCO, Pakistan’s national space agency, in collaboration with the China Electronics Technology Group Corporation (CETC) and MICROSAT China. China on Thursday successfully launched a Kuaizhou-1A carrier rocket from the Xichang Satellite Launch Center in southwest China’s Sichuan, sending a remote-sensing satellite of Pakistan into the planned orbit.This marks the 29th flight of the Kuaizhou-1A carrier rocket. pic.twitter.com/sZvfMD9fYF — China Science (@ChinaScience) July 31, 2025 The ministry said the satellite would significantly enhance Pakistan’s capacity…

Coinbase shares fell Thursday as second-quarter revenue came in shy of analysts’ estimates. Gains in the cryptocurrency exchange’s subscription revenue failed to offset weaker trading volumes during the quarter. In the quarter ended June 30, Coinbase net income rose to $1.43 billion, or $5.14 per share, from $36.13 million, or 14 cents per share, a year ago. Earnings in the latest period benefited from a gain $1.5 billion related its Circle investment and $362 million from its crypto investment portfolio. On an adjusted basis, Coinbase earned $1.96 per share, topping estimates of $1.26 reported by LSEG. Revenue rose slightly to…

JPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a ribbon-cutting ceremony. The firm has roughly 5,000 branches, the most of any American bank, according to Federal Reserve data from March.”It’s a great marker for us to be able to say, you can see our commitment over time and we’re on a marathon with regard to this expansion,” said Jennifer Roberts, the CEO of Chase Consumer Banking, in…