Check out the companies making headlines in midday trading. Reddit – Shares soared around 42% after the social media company reported a blockbuster third-quarter report . Reddit reported earnings of 16 cents per share, while analysts surveyed by LSEG had expected a loss of 7 cents. The company’s $348.4 million…

International law firm Ogier has signed partner Dennis Li to its investment funds practice in Hong Kong. Li’s practice will focuse on fund formation and digital assets. He will advise investment managers and financial institutions throughout the lifecycle of their fund structures, from fund formation to downstream investments and divestments,…

Check out the companies making headlines in extended trading: Microsoft — The technology giant slid nearly 4% after its revenue guidance for the fiscal second quarter disappointed investors. Microsoft’s outlook called for revenue to range between $68.1 billion to $69.1 billion. Analysts polled by LSEG sought $69.83 billion. Booking Holdings…

The Indonesia Investment Authority (INA) and investment firm DB Investment Partners (DBIP) have formed a partnership, through an Investment Framework Agreement (IFA), to help Indonesia’s economic development.  INA and DBIP will collaborate by leveraging each other’s market access and investment expertise to deploy at least $1 billion within the next…

Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering. The new backers…