Netflix to Cut 1,000 Jobs as NFLX Investors Await Earnings
Netflix confirms plans to cut roughly 1,000 jobs, or 6% of staff, while maintaining its full-year forecast ahead of October 20 earnings for NFLX.
Story of the Day - Page 6
Catch up quickly with the day’s most important and insightful stories. Our Stories of the Day category curates the standout articles across markets, economy, business, personal finance and innovation. Each post brings together multiple key developments, breaking news or deep-dive features chosen for their impact and relevance. It’s a fast, reliable way to understand what really matters today without scrolling through dozens of feeds. Whether you want a quick overview or a richer perspective, this section delivers the essential stories with context and clarity.
Latest Story of the Day News
Bank of America Stock Falls 8.3% as $1.2 Billion Fine Hits Earnings
Bank of America shares fall as much as 8.3% as a $1.2 billion regulatory charge cuts profit and weaker trading revenue adds pressure to BAC stock.
US Inflation Rises to 3.7% as Treasury Yields Jump and Fed Pressure Builds
US inflation rises to 3.7% and core CPI reaches 2.6%, lifting Treasury yields as the Fed weighs further rate increases before its October meeting.
ASML Shares Rise as AI Demand Outruns Planned Supply Through 2028
ASML reports €4.96 billion in quarterly profit and raises its annual sales outlook, but says planned capacity cannot meet AI-driven demand through 2028.
Bank of America Hit With $1.2 Billion Penalty Over Money-Laundering Failures
Bank of America faces about $1.21 billion in combined penalties and settlements after regulators found failures to report suspicious activity and enforce sanctions.
Apple Unveils $299 HomeView as AAPL Eyes Smart Home Growth
Apple launches the $299 HomeView alongside new TV and HomePod devices, giving AAPL a fresh opportunity to sell hardware and subscriptions while the EU is excluded.
Citi Beats Q3 Earnings Estimates as Revenue Reaches $23.85 Billion
Citi reports EPS of $2.85 and revenue of $23.85 billion, beating forecasts as Services and trading grow. Jane Fraser expects returns to exceed this year’s target.
JPMorgan Earnings Miss Estimates Despite 6% Profit Growth
JPMorgan’s Q3 profit rises to $15.31 billion, but adjusted EPS and managed revenue miss forecasts as fixed-income trading weakens and expenses climb.
Johnson & Johnson Raises Outlook After Q3 Earnings Beat
Johnson & Johnson lifts its 2026 adjusted earnings outlook after a Q3 beat, as newer medicines support growth and a talc charge weighs on reported profit.
SK Hynix Plunges 10% as Global Chip Selloff Hits SoftBank and ASML
SK hynix drops 10.09% and Samsung loses 7.39% as memory competition and AI funding concerns drive Asian and European selling, with U.S. chip stocks lower in...
UnitedHealth Raises Profit Outlook After Q3 Earnings Beat
UnitedHealth lifts its 2026 adjusted earnings outlook to at least $20.50 per share after a Q3 beat, while elevated medical costs remain a key test.
Getty Images Plans Chapter 11 Bankruptcy and Return to Private Ownership
The Getty family and Koch affiliates commit up to $533 million to a restructuring that would take Getty private and leave existing common shareholders with no...