The carnage at Netflix keeps getting worse. On Tuesday, the far left-wing streamer revealed that it lost close to 1 million subscribers in the second quarter — the largest quarterly loss of customers in the company’s history.
More Americans are working but real earnings are down by a near record amount.
The elite wall street investment banks smashed earning expectations on Tuesday, while the American worker struggles with rising consumer good prices due to President Joe Biden’s inflation.
Average hourly and weekly earnings fell in May despite rising wages. The problem: infllation overhwelmed pay hikes.
Sales dropped by less than expected in the second quarter thanks to a surge in purchases of oatmeal and snacks.
A big surge in consumer spending on over-the-counter medicine and personal care products sent sales soaring.
Shares of Uber Technologies Inc. plummeted in after-hours trading Monday and into Tuesday after the ridesharing company reported that it lost a whopping $1.16 billion in the third quarter, exceeding losses from the same quarter last year by 18 percent.
Twitter’s stock plunged Thursday after the social media giant reported third-quarter earnings and revenue that missed expectations, with executives blaming advertising platform glitches that hurt its ability to target users.
Fewer corporate leaders worried about tariffs even as the number of tariffs imposed by the Trump administration rose in the third quarter.
“The President has highlighted a key consideration for American companies and, importantly, American investors and their families,” Jay Clayton said.
Another sign that the American middle class is feeling great again.
Tax cuts boosted profits although metals tariffs raised the cost of raw materials.
The shortfall was mostly due to the weakness in Europe, Middle East, Africa businesses, CEO Marc Bitzer said on Monday.
Shares down 14 percent after the company signed up a little more than half of the number of new subscribers that it forecast.
“AWS had the unusual advantage of a seven-year head start before facing like-minded competition,” Bezos said in a statement.
Wages for UK workers grew at their fastest rate in more than two years in January, and unemployment has fallen back down to historic lows, the Office of National Statistics (ONS) has revealed.
Millennials who rushed to buy shares of the company behind Snapchat lost a lot of money this week.
Snap Inc. reported a first quarter loss of $2.31 per share on revenue of $149.64 million
Dunkin’ Donuts is blaming its decrease in donut sales on the presidential election.
MTV will take over VH1 Classic and re-brand it MTV Classic, bringing with it a slate of television shows like Beavis and Butthead and Daria that helped fuel the network’s growth in the 1990s.
Contents: ISIS claims credit for suicide attack on Hezbollah in Beirut Lebanon; Commodities and stocks continue to plunge
