Revenue: $170 billion, up 13% year-over-year excluding foreign exchange impact.Operating Income: $13.2 billion, up 383% year-over-year.Free Cash Flow: $35.5 bi
Netflix Reports Blowout Q1 Results & Sub Adds, But Warns Gains Will Slow, Will End Reporting Of Quarterly Subs; Stock Slides After suffering a historic collapse at the end of 2021, when in the span of five months Netflix lost 75% of its value, and when Ackman first bought then immediately dump the stock just around the generational bottom, the company has enjoyed a stellar recovery over the past two year when it rose by nearly 300%, from a low of $166 to a recent high of price of...
The International Monetary Fund reported today that the global economy has shown “remarkable resilience” and that growth is expected to hold steady at 3.2% this year. But that’s low by historical standards. Plus, why there’s weaker demand for Treasurys, how restaurant chains scout locations and why Warner Bros. is shelving “Coyote vs. Acme.” Beep beep!
By David Lawder WASHINGTON, April 16 (Reuters) – The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing
The International Monetary Fund has said that countries across the world must prioritise productivity reforms to revive medium-term growth. In a piece on its website on Wednesday, the IMF stated that the global growth rate had slowed steadily since the 2008–09 global financial crisis and without policy intervention and leveraging emerging technologies, the stronger growth Read More
The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and the latter saying its lending dropped 1%, the Financial Times (FT) reported Tuesday. With their earnings reports released Tuesday, they joined three other top banks — Citigroup, JPMorgan Chase and Wells […]
SHANGHAI: China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity. Beijing officials last month set a target of around
The profits of TikTok owner ByteDance jumped around 60 percent in 2023, Bloomberg reported Wednesday citing sources, beating online rivals Tencent and Alibaba.ByteDance has grown into one of the world's biggest tech firms -- best known in most countries as the creator of video app TikTok -- since its birth in a Beijing apartment 12 years ago.The company has rocketed in recent years to become one of the most valuable tech giants in the world, worth around $225 billion, according to market...
Rooftop solar grew by 54% year-on-year in 2023 in Europe but a clear roadmap or strategy are essential for future growth in the sector.
A new jobs report is surprising economists in a good way. On Friday, the Labor Department put out new figures showing the U.S. economy added more than 300,000 jobs in March.
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Goldman Sachs recorded a 28% surge in quarterly profits — topping Wall Street’s expectations thanks to surprising strength in the bank’s trading and investment banking operations.