
Netflix earnings: Subscribers swell to record 247 million as stock soars
Netflix reported nine million net subscriber additions exceeded analyst estimates.
Netflix reported nine million net subscriber additions exceeded analyst estimates.
The 249-year-old German sandal maker proved to be an unwanted debutante, underperforming Arm, Instacart and Klaviyo’s 15% average rise in their September debuts.
LVMH reported a major slump in growth in its third-quarter results amid weakening demand for luxury goods.
General Motors shares tanked again Thursday as a possible issue with its airbags added to negative concerns over the auto workers strike for the limping legacy American automaker.
The company, which has launched an investigation into the attack, said Friday it could not yet confirm whether the leaked information is real.
These 24 billionaires lost a combined $43 billion—and their spot among the nation’s wealthiest people.
Rupert Murdoch will step down from News Corp and the Fox Corp. after decades at the helm of the right-leaning news giant.
Rupert described his eldest son as a “passionate, principled leader” in a statement naming his successor.
Murdoch’s eldest son Lachlan will take over in November.
The largest IPO in 22 months, Arm opened with a $54.5 billion market capitalization.