RDDT News & Events

The major averages were higher to start the week as chip stocks rebound after recent weakness. Markets are returning from the holiday weekend with a constructive tone, as investors look to extend last week's rally.Last week's weaker-than-expected labor report reduced some fears of additional near-term Federal Reserve tightening, which has helped improve risk appetite. Investors are now turning attention to Wednesday's Fed meeting minutes for clues on how policymakers view inflation and economic growth going into the second half of the year.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SK Hynixwill offer 17.79M common sharesLockheed MartinUltra Maritime Solutions for $3.45BBroadcomwilla range of custom ASIC silicon products for AppleSolstice Advanced Materialswill acquire Element Solutionsin avalued at $14.5BComcast'sSkyITV Media in a deal valued at up to GBP 1.6B2. WALL STREET CALLS:BofAT-Mobileto BuyScotiabankfive cybersecurity names, citing growth potential stemming from AIGileadto Buy at HSBCBernsteinDatadogto Market PerformJetBlueto Underperform at Raymond James3. AROUND THE WEB:Suppliers plan to ship less than 1M iPhonefold units in 3Q26, which may push the start of device pre-orders and sales to Q4, with weeks of delivery delays, TF International analyst Ming-Chi Kuo said in a blog postBoeingintends to start operating a fourth 737 MAX assembly line at its Everett, Washington factory on Monday, Reuters saysNvidiahas named Anna Soellner, Reddit'sformer vice president of communications, as head of corporate communications, Axios reportsDuring Sunday morning's government meeting, Deputy Minister Almog Cohen raised the issue of the sale of ZIMwith the government, Israel Hayom saysMicrosoftis eliminating 4,800 jobs, representing 2.1% of its workforce, with the company's Xbox division losing about one-fifth of its staff, CNBC reports4. MOVERS:TeraWulfincreases after announcing awith AnthropicIrengains in New York after Freedom Capitalthe stock to BuyDellhigher afterto "go out and buy a Dell"Kohl'slower after Morgan Stanleyof the stock with an Underweight ratingEHangfalls in New York after JPMorganthe stock to Underweight5. EARNINGS/GUIDANCE:Clarivatefor FY26OndasInnovate EyewearPepsiCoon July 9Delta Air Lineson July 10INDEXES:Near 1:20 pm ET, the Dow was up 0.09%, or 45.72, to 52,945.79, the Nasdaq was up 1.31%, or 337.58, to 26,170.26, and the S&P 500 was up 0.75%, or 56.47, to 7,539.71.

Reddit said in a blog post: "We've upgraded our automated defenses to catch violating behavior before our communities ever see it. By deploying advanced AI tools, we've reduced user exposure to spam by 20%, revoked nearly 2M fake votes daily, and slashed our enforcement time on hateful or violent content from hours to under five seconds." The company added: "Every day, millions of people use Reddit to connect in ordinary, often meaningful ways. It's those connections and conversations that make Reddit the most human place on the Internet. And it's why, in the age of AI, spam, bot activity, and inauthentic content are top of mind for people who love Reddit (and humans). These issues are actually not new for us. We've been fending off bots for 21 years. And before there was AI slop, there was... well, regular slop. We've invested heavily over the last two decades to build and continually enhance safeguards to protect Reddit's authenticity. As the tactics of bad actors have evolved, our systems have evolved to stop them. To stay ahead of the curve, we're using AI to expand our capability for detecting manipulated and spammy content through new signals and faster enforcement. In recent months, these updated automated systems have been working at a massive scale, and we've seen some pretty incredible results. We are now: Blocking 23 million spam views per day before they ever reach a human user. Catching ~25K net new spammy posts and comments a day. Reducing spam exposure for our users by ~20% from January to March 2026, relative to the prior three months and an additional 10-15% drop in overall spam account exposure. Revoking nearly 2M inauthentic votes per day over the last three months."

Nvidia (NVDA) has named Anna Soellner, Reddit's (RDDT) former vice president of communications, as head of corporate communications, Simon Hernandez-Arthur of Axios reports.