A Roku Inc. remote in an arranged photograph in Hastings-on-Hudson, New York, U.S., on Sunday, May 2, 2021.Bloomberg |Getty ImagesMedia stocks popped on Thursday as Roku's 30% rally lifted the entire sector. Wall Street celebrated the streaming device company's third quarter-report Wednesday, in which Roku reported strong trends in...
A Fox Sports television camera during a game between the Utah Utes and the USC Trojans at the Los Angeles Memorial Coliseum in Los Angeles on Oct. 21, 2023.Brian Rothmuller | Icon Sportswire | Getty ImagesFox Sports drove higher consumption overall for Fox Corporation last quarter, CEO Lachlan Murdoch...
Apologies if you've heard this one before, but the jobs market is slowing down. No, really.Aside from the long-standing calls for a recession to hit the U.S., the expectation for a hiring retreat is probably the most oft-heard — and, so far, incorrect — economic call of at least...
The upper stage of a Falcon 9 rocket deploys a stack of Starlink "V2 Mini" satellites in orbit.SpaceXSpaceX CEO Elon Musk announced Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow.""Excellent work by a great team," Musk said in a post on his social media platform,...
Nissan Motor Co. CEO Makoto Uchida speaks next to the Nissan Hyper Force electric vehicle during the Japan Mobility Show at Tokyo Big Sight in Tokyo, Japan on October 25, 2023.Tomohiro Ohsumi | Getty ImagesNissan Motor's CEO says that when it comes to electric vehicles, the world has changed...
The Ferrari original factory entrance.Courtesy: FerrariFerrari on Thursday said its third-quarter profit jumped 46% from a year ago as its wealthy customers continued to choose expensive "personalization" options for their new cars.As it did last quarter, Ferrari again boosted its guidance for the full year following the results.Ferrari now...
Check out the companies making headlines in midday trading. Starbucks — Shares jumped more than 10% after the company posted an earnings and revenue beat in the fiscal fourth quarter. Management also reported better-than-expected performance in China, its second-largest market. Roku — The streaming video platform rallied 25% after...
David Paul Morris | Bloomberg | Getty ImagesHoliday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation.The major trade group expects sales in November...
Apple CEO Tim Cook holds a new iPhone 15 Pro during the Wonderlust project launch event at the company's headquarters in Cupertino, California, Sept. 12, 2023.Loren Elliott | ReutersApple will report fourth-quarter earnings after the bell on Thursday.Analysts expect Apple to report its fourth straight quarter of overall revenue...
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, March 29, 2023.George Frey | ReutersEli Lilly on Thursday said supply of its blockbuster diabetes drug Mounjaro has improved in the U.S....