The company experienced a sharp decline in its traditional TV business for the second straight quarter and will raise subscription prices for its streaming services.
Category: Company Reports
Big Tech Rebounds and Preps for Transformative A.I. Investments
As the tech giants found their financial footing last quarter, they doubled down on artificial intelligence, which has been a boon to companies like Nvidia.
Wall St. Pessimists Are Getting Used to Being Wrong
The S&P 500 is up more than 19 percent this year, but some still warn that the future may not be as rosy as that implies.
Why Are You Seeing So Many Bad Digital Ads Now?
Scrolling past ads has rarely been enjoyable. But in recent months, people say the experience seems so much worse.
Disney To Lay Off About 7,000 Employees as It Cuts $5.5 Billion in Costs
In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But about 7,000 employees are expected to be laid off.
Tesla Cuts Prices Sharply as It Moves to Bolster Demand
The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.
Southwest’s Meltdown Could Cost It Up to $825 Million
The airline has not said how soon it will upgrade the systems that contributed to mass flight cancellations, or how much that will cost.