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Netflix forces Wall Street to focus on profit and revenue with decision to stop reporting subscriber numbers in 2025
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Amazon profit more than triples, topping Wall Street expectations
Amazon surpassed analyst expectations for revenue and earnings in the first quarter.CNBC - Business - Amazon -
Trump Calls for Release of Wall Street Journal Reporter Evan Gershkovich
“I think he’s a very brave young man,” the former president said.The Wall Street Journal - World - Donald Trump -
Metals Fall Ahead of Fed Policy Decision
Metal prices traded lower, with gold falling back below $2,300, as traders further temper expectations on the timing of U.S. interest-rate cuts this year.The Wall Street Journal - World - Federal Reserve -
Number of writers jailed in China exceeds 100 for first time, says report
Freedom to Write index says there are 107 people in prison for published content in China, with many accused of ‘picking quarrels’. The number of writers jailed in China has surpassed 100, with nearly half imprisoned for online expression.. The ...The Guardian - World - China -
Trump tariffs, tax cuts and interest rates likely to fuel inflation, Wall Street and economists agree
Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating.NBC News - Top stories - Donald Trump -
Stop children using smartphones until they are 13, says French report
Children should be banned from most social media until 18 amid attempts to ‘monetise’ them, says Macron-commissioned study. Children should not be allowed to use smartphones until they are 13 and should be banned from accessing conventional social ...The Guardian - World -
Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024
The company also reported that profit more than tripled, to $10.4 billion, topping Wall Street expectations.The New York Times - Tech -
AMD reports strong Q1 data center revenue offset by weak gaming
Advanced Micro Devices reported strong data center revenue that grew 80% in the first quarter ended March 31, but gaming revenue fell 48%.VentureBeat - Tech -
Pinterest’s stock soars 17% on big revenue and profit beat, 500 million monthly active users
Pinterest Inc.’s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.MarketWatch - Business -
Starbucks’ stock sinks 12% as ‘cautious’ consumers, more headwinds hit profit, revenue
Starbucks reported fiscal second-quarter earnings late Tuesday that were wide off the mark.MarketWatch - Business
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Microsoft to open new data center in Thailand as it doubles down on AI and Southeast Asia
The U.S. tech giant said it will also commit toward AI skills training for over 100,000 Thais and support local developers.CNBC - Business - Microsoft -
Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double
Sales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.CNBC - Business -
Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback
British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.CNBC - Business -
Amazon CEO Andy Jassy broke federal labor law with anti-union remarks
A National Labor Relations Board judge, citing 2022 interviews with CNBC, Bloomberg and The New York Times, found Amazon CEO Andy Jassy broke labor law.CNBC - Business - Amazon -
Bally Sports regional networks go dark for Comcast cable customers
Carriage negotiations between Comcast and Diamond Sports broke down, leaving cable customers without access to Bally Sports regional networks during MLB season.CNBC - Business