Pinterest shares dropped 21% after disappointing Q3 earnings due to decreased ad revenue from tariffs. Profit was 38 cents per share adj., missing analyst estimates of 42 cents. U.S. and Canada sales were $786 million, below estimates. Banks lowered price targets, expecting international monetization to slow. JPMorgan remains optimistic about AI initiatives. Pinterest issued a weak Q4 forecast, expecting revenue of $1.31-1.34 billion. CEO Bill Ready emphasized AI integration to enhance user experience and shopping capabilities.

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1. Apple announced a record-breaking $81.4 billion in revenue for the third quarter, up 36% from the same period last year, driven by strong iPhone sales and growth in other product categories.

2. The Federal Reserve indicated that it may start reducing its monthly bond purchases later this year, signaling a potential shift in monetary policy as the economy continues to recover from the pandemic.

3. Tesla reported a profit of $1.1 billion in the second quarter, fueled by strong demand for its electric vehicles and energy storage products. The company also announced plans to open new factories in Texas and Germany to meet growing demand.: Pinterest stock sinks 21% after weak results, tariffs drag on ads