Slumps Profit Dented
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Tech - ABC News
Netflix's subscriber growth is slowing, but its profit and stock price are still surging
Netflix says its subscriber growth slowed dramatically during the summer, a sign that the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off2 hours ago -
World - The Guardian
Netflix to double profits after adding millions of subscribers in three months
After cracking down on password sharing, expanding into ads and investing billions in live TV, group declares success. Netflix expects to double its profits this quarter after the world’s largest ...3 hours ago - Netflix -
Entertainment - Los Angeles Times
Netflix adds 5 million subscribers and beats Wall Street's profit expectations
Netflix reports strong third-quarter earnings, in a sign that its content mix, including "Emily in Paris," and its password-sharing crackdown are still paying off.3 hours ago - Netflix -
Business - CNBC
Nvidia and Apple supplier TSMC shares pop 10% after quarterly profit soars on AI demand
TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.3 hours ago - Apple -
Business - MarketWatch
Travelers’ stock soars as earnings triple despite record catastrophe losses
ravelers’ stock surges toward another record after earnings beat expectations by a wide margin, amid a sharp improvement in underlying profitability.5 hours ago -
Business - MarketWatch
Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges
Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...8 hours ago -
Business - The Wall Street Journal
AI Boom Is Real---and Really Profitable---Says Chip Maker TSMC
The world’s largest contract chip maker says revenue from AI-related products is expected to triple this year.13 hours ago -
Business - CNBC
ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country.13 hours ago - China -
Business - Financial Times
TSMC profits jump 54% on back of AI chip boom
World’s biggest chipmaker says demand has recovered across all segments despite fears of industry slump14 hours ago -
Business - MarketWatch
TSMC beats forecasts with 54% surge in profits on soaring AI demand
Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms15 hours ago -
Business - The Wall Street Journal
ABB Posts Higher Profit, Raises Margin Guidance
The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.16 hours ago -
World - ABC News
China to boost financing for approved housing projects to $560 billion to counter property slump
China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industry16 hours ago - China -
Business - The Wall Street Journal
BlackBerry Sees Rising Profitability Through Focus on Growth Opportunities
The Canadian company told investors its immediate priority was streamlining investments in its Cylance cybersecurity unit and focusing on opportunities for growth, mainly QNX.Yesterday -
Business - CNBC
Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.Yesterday -
Business - Financial Times
Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound
Morgan Stanley rounds off strong earnings seasonYesterday -
Business - MarketWatch
ASML says chip-market slump will mainly impact sales to China
A day after a profit warning that rocked the stock market, executives at ASML Holding said the slower-than-expected recovery in the microchip market will have the sharpest impact on sales to China ...Yesterday - China -
Sports - The New York Times
Aaron Judge’s Playoff Slump Is Over. Now He Needs to Carry the Yankees.
Judge’s home run in Game 2 let the Yankees exhale, for so many reasons.Yesterday - MLB -
Business - CNBC
Chevrolet aims to defend highly profitable SUV market position with updated Tahoe, Suburban
The Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for over 45 years, according to GM.Yesterday -
Business - MarketWatch
LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter salesYesterday - China -
Business - The Wall Street Journal
Whitbread Aims to Boost Profit, Shareholder Returns
The U.K. hotel-and-restaurant company said it forecasts an increase of at least £300 million in profit by fiscal 2030, and to generate more than £2 billion for dividends, share buybacks and ...Yesterday -
Business - The Wall Street Journal
Stellantis Car Deliveries Slump on U.S. Woes
Stellantis vehicle deliveries fell 20% in the third quarter as the Jeep and Ram-maker began to take measures to address excess inventory in the U.S.Yesterday -
World - The Guardian
Weight-loss drug firm accused of prioritising profits after halting insulin pen production
Novo Nordisk’s decision will force people in developing countries to use outdated glass vials and syringes, warn campaigners. The pharmaceutical company behind injectable weight-loss drugs has been ...Yesterday -
Business - MarketWatch
Charles Schwab is profiting from customers who want professional help with investing
The brokerage said it is seeing increased inflows into its wealth-management offerings.2 days ago -
Top stories - The New York Times
Profits Leap at Goldman Sachs as Banks See Steady Economy
The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.2 days ago -
Business - CNBC
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.2 days ago -
Business - MarketWatch
UnitedHealth’s stock rocked as a big jump in medication costs hurt profitability
UnitedHealth’s stock was having its worst day in more than four years on Tuesday, after the healthcare giant beat third-quarter profit and revenue expectations but missed on medical-care ...2 days ago -
World - The Guardian
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...2 days ago -
Business - Financial Times
Goldman profits jump 45% to $3bn after trading boost
Net income outstrips expectations despite hit from retail banking retreat2 days ago -
Sports - CBS Sports
Yankees' Giancarlo Stanton continues to step up in playoffs with Aaron Judge still stuck in October slump
Stanton, one of the best October sluggers of all-time, went deep again in ALCS Game 12 days ago - MLB -
Business - MarketWatch
Oil prices lose 2% after China offers little detail on stimulus plans
Oil futures ended lower Monday to give back all of last week’s gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to ...3 days ago - China -
Sports - CBS Sports
What's behind Aaron Judge's playoff struggles? Three possible causes for Yankee slugger's October slump
The Yankees have succeeded largely without the help of their biggest power threat so far3 days ago