Tag: Business
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Netflix issues weak fourth-quarter forecast as company seeks to kick-start growth
LOS ANGELES, Oct 20 : Netflix issued a weaker-than-expected forecast for fourth-quarter profit on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming executives.Shares of Netflix fell nearly 7 per cent to $63.99 in after-hours trading. The sto
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SpaceX quarterly revenue jumps, beats estimates as AI business surges
Oct 20 : Elon Musk’s SpaceX on Tuesday reported a 161 per cent rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink satellite-internet unit.Revenue in the third quarter stood at $14.58 billion, compared with analysts’ estimate of $12.
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United Airlines slashes 2026 profit outlook on fuel prices, but travelers keep booking despite higher fares
United Airlines cut its profit outlook for the year as fuel prices continued to climb.
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Boeing wins FAA approval for 737 Max 10 after years of delays
The 737 Max 10, the largest model in the family, was set to start flying in 2020, but increased scrutiny and other safety issues delayed its certification.
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Dollar dips as traders weigh Iran, AI risks
NEW YORK, Oct 20 : The US dollar slipped on Tuesday in line with falling oil prices and longer-dated Treasury yields as traders evaluated the impact of rising tensions in the US war with Iran and the durability of strong capital inflows into US AI companies.Oil prices slipped after touching a five-month high
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SpaceX investors, ahead of results, press Musk on Tesla merger
Oct 20 : SpaceX shareholders want to know when the rocket maker will merge with Tesla, bringing together two of Elon Musk’s biggest companies in a union that investors have long speculated about.”When will SpaceX merge with Tesla?” was the second-most upvoted question — drawing 26 upvotes — submitted by
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Meta’s global affairs officer Joel Kaplan to leave company after 15 years
Oct 20 : Meta Platforms’ chief global affairs officer Joel Kaplan will leave the company next year after 15 years there, a spokesperson told Reuters on Tuesday.President and Vice Chairman Dina Powell McCormick will add external affairs to her portfolio, the spokesperson said. • The move comes ahead o
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Meta tells Brazil court it treats Lula and Bolsonaro campaigns equally
BRASILIA, Oct 20 : Meta Platforms, owner of Facebook, Instagram and WhatsApp, told Brazil’s Superior Electoral Court on Tuesday that it has adopted measures to ensure equal treatment of President Luiz Inacio Lula da Silva’s and Senator Flavio Bolsonaro’s presidential campaigns on its platforms.The filing cam
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German regulator fines Nomura over Commerzbank disclosure breaches
Oct 20 : German financial regulator Bafin said on Tuesday it had fined Japanese investment firm Nomura Holdings €320,000 ($359,000) for failing to disclose voting rights in Commerzbank as UniCredit built its stake in the German lender.• The regulator said Nomura did not submit voting rights notifications
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Otter.ai raises $320 million in non-equity financing to expand enterprise business
Oct 20 : AI meeting-transcription company Otter.ai said on Tuesday it had closed $320 million in growth financing from General Catalyst’s Customer Value Fund to expand its enterprise business and international reach.The financing is repayable rather than equity, avoiding shareholder dilution, CEO Sam Liang to
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