Roblox's second-quarter bookings fell short, with shares dropping nearly 20% and revenue missing expectations at $780.7 million compared to the anticipated $784.9 million.
Sectors
Bank of Canada Warns of Stability Risks Amidst Record High Interest Rates, Asset Valuation Concerns
Bank of Canada warns of financial instability amid record-high interest rates, citing concerns over stretched asset valuations and mortgage payment hikes, urging vigilance.
Disney, Warner Bros. Team Up for Mega Streaming Bundle to Capture More Subscribers
Disney and Warner Bros. partner to launch a mega streaming bundle, combining Disney+, Hulu, and Max services to attract subscribers amidst fierce competition.
Chevrolet Malibu Discontinued as Part of GM's EV Effort, Killing Last Chevy Sedan
The Chevrolet Malibu will be discontinued, killing the brand's last sedan. It's a part of GM's efforts to embrace EVs.
Hyundai, Kia Unit Allegedly Repossessed Cars From Military Personnel Illegally; Financial Arm to Settle Charges
A Hyundai and Kia unit was accused of illegally repossessing cars from military service members. The financial unit now wants to settle charges.
Latest News
TikTok introduces a new feature to automatically label artificial intelligence-generated content (AIGC) with guidance from experts and collaboration with OpenAI through its recent membership in the Coalition for Content Provenance and Authenticity (C2PA).
A FedEx Airlines Boeing 767 cargo plane landed in Istanbul without its front landing gear, sparking an ongoing investigation, which adds to Boeing's multiple aircraft incidents in 2024 alone.
A shortage of Huy Fong Foods’ Sriracha sauce could be on the way. Here’s why. Huy Fong Foods has suspended the manufacturing of Sriracha, a beloved chili sauce, after discovering that the supply of spicy peppers was inadequate due to the harsh climate.
A major American supermarket has requested customers to voluntarily return several cheese spreads due to concerns over salmonella contamination.
General Motors said it will stop producing affordable Chevrolet Malibu cars later this year. The Chevrolet Malibu car is the final cheap sedan in General Motors' vehicle portfolio in the United States.
Major healthcare nonprofit Ascension said a cyberattack had interrupted its "clinical operations," prompting it to take measures to limit any impact on patient care.
President Joe Biden has touted Microsoft's $3.3 billion investment plan to build a new AI data center in Wisconsin, contrasting it with the unfulfilled Foxconn deal negotiated during Donald Trump's presidency.
Air India Express fired at least 30 cabin crew members a day after more than 300 staff called in sick to skip work and then turned off their phones.
The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims.
