By Lisa Richwine, Dawn Chmielewski, Harshita Mary Varghese LOS ANGELES (Reuters) -Netflix picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million, and said it expected higher customer growth around the holidays when Korean drama “Squid Game” returns. Shares of Netflix rose 4.8% in after-hours trading …
Netflix tops subscriber targets as ad-tier signups grow Read More »
By John Biju (Reuters) – Australian corporate travel manager Flight Centre Travel Group reported a marginal rise in its first-quarter underlying profit on Friday, sending its shares to a more than 10-month low. Shares of the company fell as much as 17.4% to A$17.85, as of 0011 GMT, to hit their lowest level since late …
By P.J. Huffstutter CHICAGO (Reuters) -Archer-Daniels-Midland Co intentionally failed to test and maintain safety systems on its grain equipment for years, which contributed to an explosion that immolated a worker and put him in a coma last year, according to a lawsuit filed against the company. The explosion was part of a string of safety …
(Reuters) -New York Community Bancorp unit Flagstar Bank will lay off around 1,900 employees, the U.S. regional lender said on Thursday, amid efforts to turn around its struggling business. Flagstar announced around 700 job reductions and said an additional 1,200 jobs will be cut after it completes the sale of its mortgage servicing unit to …
By Svea Herbst-Bayliss BOSTON (Reuters) – Harvard’s endowment fund, the world’s largest university endowment, grew to $53.2 billion in fiscal 2024 amid strong investment returns even though endowment gifts shrank by a third as donors protested how the school handled antisemitism on campus. Harvard Management Co said on Thursday that it earned a 9.6% return …
Harvard endowment grows to $53.2 billion on strong returns during turbulent year Read More »
By David French (Reuters) -The Dow Jones Industrial Average advanced on Thursday to its fourth record close in the last five sessions, as stronger-than-expected monthly retail sales indicated a robust U.S. consumer and TSMC’s upbeat forecast buoyed chipmakers’ stocks. The other main Wall Street benchmarks were largely unchanged, as the S&P 500 dipped to a …
Dow closes at another record high as chip stocks, retail data support Read More »
By Niket Nishant and Manya Saini (Reuters) – U.S. regional banks’ profits outdid Wall Street expectations in the third quarter as their investment banking fees surged from a revival in dealmaking and helped offset higher deposit costs. Underwriting and M&A activity picked up pace, taking advantage of a stock market rally and leaning on a …
US regional banks capitalize on rising deal fees to counter high deposit costs Read More »
By Anna Tong SAN FRANCISCO (Reuters) – – Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, said on Thursday it was rebranding to World Network and was ramping up efforts to scan every human’s iris using its “orb” devices. Its core offering is its World ID, which the company describes as a “digital …
Sam Altman’s rebranded Worldcoin ramps up iris-scanning crypto project Read More »
By Nate Raymond (Reuters) – Elon Musk’s X has updated its terms of service to steer any disputes by users of the social media platform formerly known as Twitter to a federal court in Texas whose judges frequently deliver victories to conservative litigants in political cases. New terms of service that will take effect on …
Musk’s X seeks to steer lawsuits to conservative court in Texas Read More »
By Jody Godoy NEW YORK (Reuters) – The U.S. Federal Trade Commission is probing farm equipment maker Deere over the company’s repair policies, according to a filing made public on Thursday. The investigation, authorized on Sept. 2, 2021, focuses on repair restrictions manufacturers place on hardware or software, often referred to by regulators as impeding …
US FTC probing Deere over customers’ ‘right to repair’ equipment Read More »
