LiveWire

After a solid first quarter, Match Group MTCH 1.04% and Bumble BMBL 2.23% reported second-quarter earnings over the past two weeks that topped Wall Street’s expectations. But after significant gains earlier this year for both stocks, even big numbers have done little to keep the fire alive. As of Wednesday’s close, Match’s shares were down 7% this year, including a 12% selloff this month. And while Bumble’s shares soared on their first day of trading in February, closing 63% above their offering price, they have lost 32% of their value since. Source: WSJ

Social media network Reddit said on Thursday it will raise up to $700 million in a late-stage funding led by Fidelity Management and Research Company, giving it a valuation of more than $10 billion. The company's popular WallStreetBets forum has been at the heart of a boom in trading by small-time stock market investors this year that has threatened Wall Street hedge funds and sent shares in companies including GameStop and AMC soaring.

European stocks are expected to rise for the ninth consecutive session, the longest winning streak since June, boosted by a solid earnings season and reducing fears that the US Federal Reserve may cut assistance too soon. Source: Trading Economics

The declines deepened Wednesday with Moderna closing 16% lower and BioNTech dropping 14% as trading volume picked up. The stocks had soared more than 360% each this year through Monday, when both set record closing highs. Wall Street has been divided on the stocks’ soaring prices, with more analysts grading the stocks a hold than recommending that investors buy. Source: Yahoo/Bloomberg

Funds have been transferred from China to India, the United States, and other emerging nations, as recent regulatory crackdowns in the world's second-largest economy have rattled markets. China's regulatory measures are unpredictable, which makes the country unpleasant to foreign investors in the near term but attractive in the long run. Source: Reuters