52-week highs
Dow leads Wall St higher in lean trading week
Wall Street’s main stock indexes ticked higher, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data.
ECONOMY
Trump’s Truth Social Stock Shoots Up On First Day After Hitting Stock Market
Former U.S. President Donald Trump’s social media company Truth Social shot off to a blistering start in its stock market debut on Tuesday, surging more than 50% at the beginning of trading.
AI
Reddit shares soar 38% in market debut
Reddit’s shares jumped in their debut, signaling that investor appetite for IPOs of promising yet loss-making companies could be returning.
AI features
In rare disclosure, LinkedIn says premium subscriptions bring in $1.7 billion
LinkedIn for the first time disclosed sales for its premium subscription business as the company sees an uptick in adoption of new AI tools.
advisors
JetBlue, Spirit Airlines call off $3.8 bln merger on antitrust hurdle
Low-cost air carriers JetBlue and Spirit canceled their $3.8-billion merger agreement.
acquisition
‘Call of Duty’ gamers sue Activision for monopolizing leagues, tournaments
Activision Blizzard has been hit with a U.S. lawsuit claiming it restricts competition for organized gaming involving “Call of Duty.”
collapse
Centrist News Outlet ‘The Messenger’ To Shut Down Less Than A Year After Launching Site
Centrist digital news startup The Messenger has announced that they are officially shutting down after less than a year of operation.
1
AI buzzes Davos, but CEOs wrestle with how to make it pay
Executives at the WEF say they are grappling with how to turn early demos into money-makers.
Advertisers
Analysts predict more brands will flee X after Musk tirade
More advertisers are likely to flee Elon Musk’s social media platform X after the billionaire lashed out at some of the biggest names in the media industry.
$1 trillion valuation club
ChatGPT one year on: From viral AI bot to OpenAI’s boardroom battle
We asked ChatGPT, OpenAI’s viral chatbot, how it felt on its first birthday.