Month: November 2023
Sam Bankman-Fried lawyer says government portrayed FTX founder as a ‘monster’
FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City. Michael M. Santiago | Getty Images As lawyers in Sam Bankman-Fried’s criminal trial presented their closing arguments on Wednesday, prosecutors reminded jurors of the mountain of evidence provided by key witnesses, while defense counsel accused […]
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Disney to buy remaining Hulu stake from Comcast in widely expected move
Rafael Henrique | SOPA Images | LightRocket | Getty Images Disney said Wednesday that it had agreed to buy Comcast‘s one-third stake in streaming service Hulu, a long-expected outcome. Disney said it expects to pay Comcast’s NBCUniversal about $8.61 billion by Dec. 1, reflecting the guaranteed minimum value of $27.5 billion for the streaming service […]
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E.l.f. Beauty blows past Wall Street’s estimates, raises full-year guidance again
E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street’s expectations. The cosmetics company, known for its viral TikTok marketing and middle-of-the-road pricing, also saw profits nearly triple compared with the year-ago period. Shares jumped about 9% in extended trading […]
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Airbnb beats on earnings but delivers weaker-than-expected direction
Brian Chesky, co-founder and CEO of Airbnb, speaks for the duration of an interview with CNBC on the floor of the New York Inventory Trade, Might 10, 2023. Brendan McDermid | Reuters Airbnb shares slipped extra than 3% in following-hours investing Wednesday soon after the enterprise documented more powerful than expected income, buoyed by currency […]
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Qualcomm beats anticipations for earnings and income, presents powerful forecast for recent quarter
Cristiano Amon, president and CEO of Qualcomm Integrated, speaks all through an interview with CNBC on the flooring of the New York Stock Exchange (NYSE) in New York, April 28, 2022. Brendan McDermid | Reuters Qualcomm claimed fourth-quarter earnings on Wednesday that defeat expectations for income and earnings, in spite of significant calendar year-more than-calendar […]
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AMD stock jumps far more than 9% on powerful 2024 AI chip projections
Lisa Su, president and CEO of Advanced Micro Products, speaks for the duration of a launch function in San Francisco on Aug. 7, 2019. David Paul Morris | Bloomberg | Getty Visuals AMD inventory shut up extra than 9% Wednesday, a working day immediately after the firm defeat major- and bottom-line earnings estimates and gave […]
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Netflix ad-supported tier has 15 million subscribers, triple the previous count
The Netflix logo is displayed at its corporate offices in Los Angeles on Sept. 25, 2023. Mario Tama | Getty Images Netflix said Wednesday its cheaper, ad-supported tier has amassed 15 million global monthly active users. That’s triple the most recent figure, disclosed in May, and notable growth for Netflix as it laps a year […]
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The Dow is nearing the dreaded ‘death cross.’ What buyers need to know
The Dow Jones Industrial Ordinary is nearing a place that can sign traders are bearish, the latest instance of how outperformance among the key technologies names is masking an if not weak current market. The blue-chip index’s shorter-time period, 50-day going normal is nearing its extended-expression, 200-day transferring average. If the two cross in excess […]
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Fed holds prices steady, updates evaluation of economic growth
The Federal Reserve on Wednesday all over again held benchmark interest prices regular amid a backdrop of a escalating overall economy and labor market place and inflation that is continue to well previously mentioned the central bank’s focus on. In a broadly anticipated move, the Fed’s rate-placing team unanimously agreed to maintain the critical federal […]
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Southwest flight attendants would get 36% pay raises in new contract
Southwest Airlines Boeing 737-700 aircraft is seen landing at dusk time at Ronald Reagan Washington National Airport in Arlington, Virginia. Nicolas Economou | Nurphoto | Getty Images Southwest Airlines flight attendants would get 36% cumulative pay increases in a new five-year contract, according to details of the tentative agreement shared with crews Wednesday. The flight […]
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