News Highlights: Top Company News of the Day - Wednesday at 7 PM ET

Robinhood Shares Jump on Earnings Beat, Surge in Net New Deposits 
 

The company swung to a profit and reported record revenue for the first quarter.

 
Airbnb expects a stronger summer quarter, spurred by Olympics, but shares fall 
 

Online vacation-rental platform Airbnb Inc. on Wednesday forecast second-quarter sales that were below Wall Street's expectations, largely due to Easter falling in March this year, but the company said big events abroad like the Summer Olympics in Paris and the Euro Cup would help sales over the summer.

 
Neuralink's First Brain-Chip Implant in a Human Appeared Flawless. There Was a Problem. 
 

The amount of data captured from the device declined, although the patient and the Elon Musk-owned company still staged a successful demonstration.

 
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens 
 

While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.

 
GM Is Shutting Down the Chevy Malibu After 60 Years 
 

The automaker said it will deepen its focus on electric vehicles.

 
Disney and Warner to Offer Bundle of Their Streaming Services 
 

The companies would package ad-free and ad-supported versions of Disney+, Hulu and Max.

 
Instacart names Uber veteran its new CFO, as results top estimates 
 

Maplebear Inc. - the grocery-delivery platform better known as Instacart - said Wednesday that its chief financial officer had resigned, effective immediately, and appointed a veteran of Uber Technologies Inc. in his place.

 
CBA Reports Lower Profit as Margins Weaken 
 

Commonwealth Bank of Australia posted a fall in third-quarter profit, reporting slightly lower margins as competition remains in the country's retail banking sector.

 
Microsoft to Invest Over $3 Billion to Build AI in Wisconsin 
 

The company has been on a global spending spree, trying to build infrastructure and goodwill for artificial intelligence.

 
FTX Is Rare Financial Blowup That Will Repay Victims in Full 
 

The defunct cryptocurrency exchange said it will have more than enough money to fully repay its millions of swindled customers with interest.

(END) Dow Jones Newswires

May 08, 2024 19:15 ET (23:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.