Netflix Stock Falls Nearly 5% After Earnings Beat and Ad Outlook Cut
Netflix beats Q3 earnings estimates but cuts its annual advertising forecast to $2.7 billion, sending NFLX nearly 5% lower in early after-hours trading.
News - Page 6
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Latest News
SpaceX Revenue Surges to $14.58 Billion, Beating Estimates as AI and Starlink Grow
SpaceX reports $14.58 billion in Q3 revenue and $4.4 billion in net income, beating sales estimates as AI becomes its largest business and Starlink expands.
CoreWeave Stock Drops Over 6% a Day After Goldman Upgrade
CoreWeave falls as much as 6.4% early Tuesday after Goldman’s Buy upgrade, as investors continue weighing AI infrastructure returns and financing costs.
Fed Expected to Hold Rates in October and Raise Them in December, Reuters Poll Shows
A Reuters poll finds 94 of 100 economists expect an October Fed hold, while all forecast a December increase as inflation pressures persist.
Salesforce to Buy Braze for $5.66 Billion as CRM Shares Fall
Salesforce agrees to buy Braze for $5.66 billion in enterprise value, offering $47.50 cash per Class A share as CRM falls 2.6% in premarket trading.
Revolut Outage Hits App, Card Payments and Transfers
Revolut reports widespread disruption to its app, cards and transfers, while assuring customers their money and data are safe as Google Cloud recovers.
Amazon Plans Over €16 Billion Investment in Germany for 2027
Amazon plans over €16 billion in German investment in 2027, including €4.8 billion for AWS Frankfurt, alongside satellite internet, logistics and Prime Video.
Bank of America Added 1,000 Contractors to Patch AI-Exposed Software Flaws
Bank of America added 1,000 contractors after AI models including Mythos exposed software flaws; its disclosed remediation costs also include AML work.
GM Beats Q3 Estimates and Authorizes $20 Billion Stock Buyback
GM beats Q3 estimates and authorizes a $20 billion buyback, but shares fall in premarket trading as investors assess narrower earnings guidance and costs.
GE Aerospace Beats Q3 Estimates and Raises 2026 EPS Outlook to $8–$8.10
GE Aerospace reports $2.25 in adjusted EPS and $13.29 billion in adjusted revenue, beating estimates and lifting its 2026 profit forecast as services grow.
ARK Invest Sees Tesla Stock at $4,400 by 2031 as Robotaxis Drive Valuation
Cathie Wood’s ARK Invest projects Tesla shares at $4,400 in 2031, nearly 12 times Monday’s close, with robotaxis driving most of its modeled valuation.
Jio IPO Draws $26.3 Billion in Anchor Bids as BlackRock and GIC Join
Jio allocates about $854 million in anchor shares as CNBC reports $26.3 billion in bids, with BlackRock and GIC participating ahead of public subscription.