Stocks

Zoom hits $1 billion in quarterly revenue

Zoom Video Communications Inc.'s quarterly revenue surpassed $1 billion for the first time in the company’s history, though the strong demand for its videoconferencing services that made it ubiquitous during the pandemic is showing signs of easing as regular activities resume.

ESPN explores sports-betting deal worth at least $3 billion

Walt Disney Co. ’s ESPN is seeking to license its brand to major sports-betting companies for at least $3 billion over several years, according to people familiar with the matter, aiming to capitalize on the fast-growing online gambling industry.

Lordstown Motors taps new CEO, driving up shares

Shares of Lordstown Motors have surged as much as 25% Thursday on the electric vehicle maker's decision to appoint former Icahn Enterprises CEO Daniel Ninivaggi as its new chief executive officer and board member.