American Airlines (AAL) earnings Q3 2023
American Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year, partly in response to higher fuel prices. The carrier said Thursday it expects to earn between $2.25 and $2.50 a share, on an adjusted basis, for the year, down from an estimate in July of $3 to $3.75 but […]
Nokia to cut as many as 14,000 jobs as profit drops by 69%
Nokia on Thursday set out plans to cut its workforce by up to 14,000 as it reported a steep drop in third-quarter profit. The telecom equipment maker said it’s looking to reduce its workforce to between 72,000 and 77,000 workers, from 86,000 now, by the end of 2026. Nokia NOKIA, -9.45% NOK, -9.06% said that […]
Kohl’s holiday look offers glimpse into turnaround plan
At Kohl’s stores, Chief Merchant Nick Jones said shoppers will see a mix of elevated items and sharp price points. For example, the company has signs that call attention to low prices of some sweaters, but is also has added European-made glassware to its home decor. Melissa Repko | CNBC As shoppers head to Kohl’s […]
U.S. State Department official quits over Israel policy
““The fact is, blind support for one side is destructive in the long term to the interests of the people on both sides. I fear we are repeating the same mistakes we have made in these past decades, and I decline to be a part of it for longer”” — Josh Paul, director at the […]
Disney gives investors a look at ESPN financials
SportsCenter at ESPN Headquarters. The Washington Post | The Washington Post | Getty Images The reorganization of Disney‘s business is giving investors a glimpse at ESPN’s financials for the first time. The inside look – which shows ESPN’s revenue has been decreasing in recent quarters – comes as the parent company looks for a strategic […]
Pfizer to price Covid drug Paxlovid at $1,390 per course
Paxlovid, Pfizer’s antiviral medication to treat the coronavirus disease, is displayed in this picture taken on Oct. 7, 2022. Wolfgang Rattay | Reuters Pfizer will price a five-day course of its Covid antiviral drug Paxlovid at $1,390 when the company starts to transition it to the commercial market later this year. A company spokesperson on […]
Opinion: Tesla’s Cybertruck has Elon Musk sounding unusually cautious
Elon Musk was uncharacteristically cautious about Tesla Inc.’s next big vehicle Wednesday, and his comments may lead some on Wall Street to lower their initial expectations for the Cybertruck. The sci-fi-looking EV that appears as though it would be more at home on the moon or on Musk’s favorite planet, Mars, has already been a […]
Netflix leans more into sports programming
Rafael Henrique | Lightrocket | Getty Images Whether it’s streaming or traditional TV, sports keep audiences coming back to their screens — and Netflix is working on getting more into the game. Following some quarters of stagnation, Netflix is back to adding more subscribers, with the help of adding new business models such as a […]
Tesla earnings miss, stock turns lower as Musk tempers Cybertruck expectations
Tesla Inc. investors initially looked past an earnings miss for the EV maker on Wednesday, focusing on some good news about the Cybertruck, but stock gains vanished after Chief Executive Elon Musk threw cold water on optimism about the electric pickup truck. Tesla shares TSLA, -4.78% rallied as much as 2% following the company’s third-quarter […]
Netflix (NFLX) earnings Q3 2023
Thomas Trutschel | Photothek | Getty Images LOS ANGELES — Netflix shares surged after the closing bell Wednesday as the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The streaming giant added 8.76 million global subscribers during the quarter, higher than 5.49 million […]
