Netflix shares surge on big subscriber additions despite Hollywood strikes
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Streaming pioneer Netflix showed resilience by gaining more quarterly subscribers than…
Category: Business
Blackstone’s Q3 earnings miss shows toll of interest rate rises
By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc said on Thursday that its third-quarter distributable earnings fell by a steeper-than-expected…
Amazon defends Prime program in bid to defeat FTC lawsuit
By Mike Scarcella (Reuters) – Amazon.com has denied duping millions of subscribers to its Amazon Prime service, asking a U.S.…
Chinese EV battery giant CATL reports sharp slowdown in profit growth
BEIJING (Reuters) -China’s CATL, the world’s largest battery maker for electric vehicles (EV), said on Thursday that third-quarter profit rose…
Netflix raises prices and adds subscribers, despite strikes
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Netflix increased subscription prices for some streaming plans in the United…
Tesla CEO Musk raises alarm on interest rates, hesitates on Mexico factory
By Hyunjoo Jin, Akash Sriram and Joseph White (Reuters) -Tesla CEO Elon Musk said on Wednesday that he was concerned…
US regional banks earn more on loans but warn on rising deposit costs
By Chibuike Oguh NEW YORK (Reuters) -Several U.S. regional banks beat analysts third-quarter profit expectations on Wednesday as higher interest…
Lam Research forecasts revenue below estimates despite China business boom
By Jaspreet Singh and Max A. Cherney (Reuters) -Chip manufacturing equipment supplier Lam Research forecast second-quarter revenue slightly below Wall…
Rivian CEO says bond issue does not reflect concerns about EV maker’s financial health
By Abhirup Roy SAN FRANCISCO (Reuters) -Rivian’s earlier-than-expected bond issuance this month was aimed at strengthening the electric-vehicle maker’s balance…
Microsoft in talks to sign on Amazon as customer in $1 billion cloud tools deal – Insider
(Reuters) -Microsoft is preparing to bring Amazon.com as a customer for its 365 cloud productivity tools in a deal worth…