Meta’s Reality Labs posts $4.4 billion loss in third quarter

Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.

Business - CNBC - 6 hours ago

With Reality Labs, Meta risks heading down slippery slope of overspending again

Zuckerberg said that he is going to keep building out Meta’s infrastructure and data centers, because the opportunity is so huge, even if investors don’t like it.

Business - MarketWatch - 2 hours ago

World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).

Business - CNBC - October 22

BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.

Business - CNBC - Yesterday

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.

Business - CNBC - 6 days ago

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

Business - CNBC - 10 hours ago

Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence

Tech - ABC News - 3 hours ago

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback

United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

Business - CNBC - October 16

HSBC announces fresh $3 billion share buyback as third-quarter earnings beat expectations

Pre-tax profit came in at $8.5 billion, a 10% rise from the $7.7 billion posted a year ago.

Business - CNBC - Yesterday

Global gold demand tops $100 billion for first time ever in third quarter

Global gold demand climbed to a third-quarter record high, with the value of demand for the precious metal topping $100 billion for the first time ever, according to a report from the World Gold ...

Business - MarketWatch - 21 hours ago

Deutsche Bank shares fall on doubling of third-quarter loan losses but profits rise

Deutsche Bank’s pre-tax profits were lifted by a reduction in the provisions it has set aside to settle litigation related to its Postbank acquisition

Business - MarketWatch - October 23

Anthony Richardson takes himself out of game in third quarter for fatigue in Colts' loss to Texans

Richardson took himself out of the game for one play

Sports - CBS Sports - 3 days ago

Washington Post report: Subscriber loss after non-endorsement reaches a quarter million

The Washington Post has lost at least a quarter million subscribers since announcing last Friday it would not endorse a candidate in the presidential race

Entertainment - ABC News - 2 hours ago

Why Meta and Snap are spending billions on AR glasses

Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.

Business - CNBC - 6 days ago

Embattled Abbott Labs comes through with a strong quarter, buyback announcement

Abbott Labs delivered for investors who stuck with the stock despite legal woes that emerged earlier this year.

Business - CNBC - October 16

Meta bans jet-tracking accounts that post updates on Trump, Musk and Zuckerberg

Meta followed Elon Musk's lead, banning jet-tracking accounts run by Jack Sweeney. The accounts posted locations of jets used by Donald Trump and Taylor Swift.

Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results

Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.

Business - CNBC - October 15

China’s economy grows 4.6% in third quarter

Lowest figure in year and a half comes as Beijing steps up stimulus efforts

Business - Financial Times - October 18

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

Business - The Wall Street Journal - 6 days ago

Hermes outperforms rivals as sales climb in the third quarter

Luxury goods group Hermes International outperformed rivals as it grew sales despite headwinds in China.

Business - MarketWatch - 6 days ago

Clariant Third-Quarter Profits Miss Expectations

The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.

Business - The Wall Street Journal - Yesterday

Eurozone economy grows 0.4% in third quarter

Figure beats expectations of 0.2% expansion

Business - Financial Times - 17 hours ago

GDP Report Shows US Economy Grew at 2.8% Rate

In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.

Business - The New York Times - 12 hours ago

US GDP rose at a 2.8% rate in third quarter on strong consumer spending

Final reading before presidential election was shy of expectations, but shows biggest economy is in robust health

Business - Financial Times - 7 hours ago

US economy grew at robust pace in third quarter

U.S. GDP grew at a 2.8% annualized rate over three months ending in September.

Roku’s stock sinks after streaming company posts another quarterly loss

Roku Inc.’s stock fell in after-hours trade Wednesday, after the streaming platform posted another quarterly loss and flat average revenue per user.

Business - MarketWatch - 2 hours ago

Hurricane Milton’s insured losses could reach $50 billion, says Verisk

Data and technology company Verisk Analytics Inc. VRSK said Wednesday it estimates the insured losses to onshore property from Hurricane Milton could range from $30 billion to $50 billion.

Business - MarketWatch - October 16

Helene, Milton losses expected to surpass "truly historic" $50 billion each

Hurricanes Helene and Milton caused so much complex havoc that damages totals are likely join the infamous ranks of Katrina, Sandy and Harvey as super costly $50-billion-plus killers, experts say.

Boeing reports $6.1 billion loss as strike takes toll on plane maker

Boeing reported a massive third-quarter loss, partly due to billions in charges from its airline programs as well as the current strike.

Boeing reports $6 billion loss ahead of pivotal union vote

Boeing reported losses topping $6 billion last quarter as voting kicks off Wednesday on a labor contract that could put an end to a weeks-long strike that has crippled the aviation giant. “It will ...

Politics - The Hill - October 23

Boeing workers to vote on ending strike as company reports billions in quarterly losses

Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...

Boeing Awaits Strikers’ Vote, Reports $6 Billion Quarterly Loss

The 30,000 union workers who walked off the job six weeks ago vote on a new contract proposal as the plane maker keeps reeling from a brutal year.

Business - Inc. - October 23

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