News Around the Globe
By Wayt Amazon shares collapsed more than 20% on Thursday after the company gave a “horror show” revenue forecast for the holiday season. The e-commerce giant’s shares were down as …
Read More
By Steigrad Netflix lost nearly 1 million subscribers in the most recent quarter – the latest evidence that the streaming giant is getting picked apart by rivals and is running …
Read MoreBy Elisa Boeing reported a $4.16 billion loss for the fourth quarter as the financial fallout of production flaws in one of its best-selling planes, the 787 Dreamliner, grew much …
Read MoreBy Elisa Bumble posted its first sequential decline in user growth since the dating app owner went public in February, as fresh pandemic restrictions crimped demand in some markets, sending shares …
Read More
By Elisa Twitter on Thursday reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting improvements and said changes by Apple to keep …
Read More
By Elisa Delta Air Lines reported its first quarterly profit since the pandemic devastated the airline industry more than a year ago, as hordes of vacation travelers and money from …
Read MoreBy Feuer General Motors on Thursday posted a 40 percent jump in second-quarter US sales on strong demand for its sport utility vehicles, and said the trend will continue into 2022. Low …
Read More By Alex The healthy growth spurt that Netflix has enjoyed this year because of the coronavirus is finally coming to an end. The video-streaming giant — which has been one …
Read More
By Steigrad The coronavirus pandemic has helped stanch the bloodletting at Charlie Ergen‘s struggling satellite TV company Dish Network. The Englewood, Colo.-based company on Friday reported fewer than expected subscriber …
Read More
By Vega BMW on Wednesday reported a quarterly loss of $790 million, fueled by a staggering 25-percent sales drop as the coronavirus pandemic continues to pummel the auto industry. The …
Read More
By Alex After reporting an eye-popping $5 billion loss, Disney said it will release “Mulan” directly to the Disney+ as it looks to its budding streaming service to carry it …
Read More
By Steigrad Sony said it expects to log a 40 percent decline in full-year profit at its film and TV studio unit due to the pandemic. That’s marks a revision …
Read More
By Manskar Coca-Cola’s global sales plummeted 28 percent in the second quarter as coronavirus lockdowns continued to crimp consumption, the company said Tuesday. The soft drink giant said pressure on “away-from-home …
Read More
By Emily Tech companies are finding themselves at the center of the falling out between the US and China as the two nations spar over the Communist Party’s handling of …
Read More By Steigrad Netflix’s subscriber base is exploding as people holed up at home to avoid the coronavirus become video-bingeing couch potatoes. The Los Gatos, Calif.-based video-streaming giant added a record …
Read More
By McEnery Goldman Sachs chief executive David Solomon signaled on Wednesday he’s working on the “assumption” that the coronavirus-driven recession will continue at least through the end of this year. …
Read More
By manskar Tiffany & Co. blamed weak demand in the US and Hong Kong as it revealed earnings fell 17 percent to $78 million in the quarter ended Oct. 31. …
Read More