The 5 biggest takeaways from Netflix's blockbuster earnings report
Hollywood is in a state of absolute agony, but Netflix had some reason to celebrate on Wednesday, with the streaming giant releasing a smash earnings report after implementing its long-anticipated plans to clamp down on password sharing. Here are some of the key highlights:
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Tesla profits climb despite price cuts
Tesla reported a much bigger than expected increase in profits, despite a series of price cuts that trimmed the amount of revenue per vehicle sold.
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Netflix adds nearly 6 million paid subscribers amid password sharing crackdown
Netflix's crackdown on password sharing appears to be paying off.
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Goldman Sachs profits plunge 58% as dealmaking dries up
Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank's business, dry up. The Wall Street titan also felt the pain of a nearly $1 billion reduction in the value of its consumer and real estate businesses.
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Walgreens profit tumbles, slashes guidance amid significant drop in Covid vaccine demand
Walgreens Boots Alliance on Tuesday reported earnings that tumbled from the same time a year ago amid softening consumer spending and a pullback in demand for Covid vaccines.
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Macy's and Costco sound a warning about the economy
Macy's, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.
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AI chip boom sends Nvidia's stock surging after whopper of a quarter
The AI boom is here, and Nvidia is reaping all the benefits. Shares of Nvidia exploded 28% higher Thursday after reporting earnings and sales that surged well above Wall Street's already lofty expectations.
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America's home improvement boom appears to be over
Americans turned into DIY fanatics during the pandemic, beautifying their apartments, homes and condos while they were stuck inside and tired of looking at the same drab interior every day. But the Covid emergency is over, prices are (much) higher, consumers are growing fearful of a recession and people are spending less at Lowe's and Home Depot.
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Inflation-weary shoppers flock to Walmart
Inflation-fatigued shoppers are heading to Walmart for groceries and essentials.
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Target's sales are slowing down
Shoppers are pulling back at Target.
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Ubisoft CEO on Buyout Talks: 'We Have Everything We Need to Remain Independent"
Ubisoft CEO Yves Guillemot has rebuffed the company's apparent intentions to remain independent in its 2022 financial year earnings call.
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WWE RPG in Development, Says Stephanie McMahon
The WWE has reportedly recently signed a new deal in the role-playing game space that will be announced soon.
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