Netflix’s Q3 2024 earnings are out, and one thing is crystal clear: the streaming giant isn’t just coasting on past successes—it’s setting the stage for what could be an even bigger year in 2025. With 15% year-over-year revenue growth and operating margins climbing to an impressive 30%, Netflix continues to prove why it’s a dominant…
(Reuters) – Former NBC anchor Brian Williams will host a special one-night show delivering election results and analysis to Amazon.com customers on Nov. 5, the company said on Thursday as it looks to capitalize on one of the most anticipated events of the year. The show will be produced by Glenn Weiss and Ricky Kirshner…
(Reuters) -Cash-strapped electric luxury sedan maker Lucid said on Thursday a combined public offering and private placement of roughly 637 million shares would likely fetch it $1.67 billion. The stock sale as well as its latest warning of a bigger-than-expected loss for the third quarter sent Lucid shares down as much as 16.5% to $2.74,…
(Reuters) -Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether TSMC’s strong sales forecast boosted investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, raised its expectation for annual revenue growth and said…
By Costas Pitas (Reuters) – The U.S. Secret Service has become bureaucratic and complacent and is in need of reform, an independent review into the first assassination attempt on Donald Trump concluded on Thursday, saying without change such an incident will happen again. On July 13, Trump, who is the Republican candidate in the Nov….
By Hyunsu Yim and Hyonhee Shin SEOUL (Reuters) – North Korean state media said on Wednesday around 1.4 million young people had applied to join or return to the army this week, blaming Seoul for a provocative drone incursion that had brought the “tense situation to the brink of war”. The fiery rhetoric comes after…
By Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration has approved more than $1.8 billion for recovery efforts following hurricanes Helene and Milton, the White House said on Wednesday. The spending comes as states across the southeastern U.S. work to recover from the back-to-back hurricanes which caused widespread devastation. Recovery is expected to take a long…
By Shankar Ramakrishnan, Echo Wang (Reuters) -Boeing is closing in on a plan to raise around $15 billion with common shares and a mandatory convertible bond as the jet maker bolsters finances worsened by a crippling strike, four sources familiar with the matter told Reuters. The company on Tuesday said in regulatory filings that it…
(Reuters) -U.S. pipeline operator Kinder Morgan fell short of Wall Street estimates for third-quarter profit on Wednesday, weighed down by weaker commodity prices and lower crude volumes. The company also projected annual adjusted core profit to be 2% below its forecast, compared to previous expectations of in line or within 1-2% below. Kinder Morgan cited…
(Reuters) – Tesla came one step closer to achieving its planned doubling of capacity at its plant near Berlin on Tuesday when the local environment ministry granted approval for it to build another large hall. The approval granted permission for the carmaker to proceed with the first of three stages of the expansion, including construction…
