Despite Middle East conflict, Corporate America’s growth remains strong, with strategists boosting profit outlooks. This resilience, defying concerns over oil prices and consumer demand, suggests the current oil spike is unlikely to end the business cycle. Analysts now estimate S&P 500 companies will grow profits by 11.9% in the first quarter.
Reddit stock plunges 30% as Google’s AI search threatens traffic and user growth
Reddit shares plunged 23% after the company warned that Google’s AI powered search features were hurting referral traffic and could lead to a decline in