Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023.Joan Cros | Nurphoto | Getty ImagesNetflix is correcting the Great Netflix Correction.There once was a time, long ago in April 2022, when Netflix reported a loss of 200,000 subscribers. The company...
Check out the companies making headlines in after-hours trading. Netflix — Shares of the streaming giant soared 12% after beating Wall Street's expectations for profits in the third quarter. Netflix notched $3.73 per share on $8.54 billion in revenue while analysts polled by LSEG, formerly known as Refinitiv, forecast...
A Costco Wholesale warehouse sign is seen outside of a store in Silver Spring, Maryland, on August 5, 2023Mandel Ngan | Afp | Getty ImagesCostco's longtime CEO Craig Jelinek is stepping down from the company, after the warehouse club's spree of pandemic- and inflation-fueled growth.The company said Wednesday that Ron...
Delta's new SkyClub at John F. Kennedy International Airport in New York.Leslie Josephs/CNBCDelta Air Lines on Wednesday walked back some of the broad restrictions it placed on access to its popular airport lounges and trimmed thresholds to earn elite status after complaints from customers.Delta last month first announced sweeping...
A Rite Aid store in Kingston, New York, on May 15, 2023.Angus Mordant | Bloomberg | Getty ImagesRite Aid lost more than $1 billion in the months before it filed for bankruptcy, the failed drugstore chain revealed in a Wednesday regulatory filing, as it warned investors it may not...
U.S. President Joe Biden delivers remarks on the September Jobs Report at the White House in Washington, D.C., on Oct. 6, 2023.Kevin Dietsch | Getty ImagesNot a joke, folks.Former President Donald Trump's social media company is promoting President Joe Biden's campaign account on the platform, as the two politicians...
Passengers check in for United Airlines flights at O'Hare International Airport in Chicago on Dec. 13, 2022.Scott Olson | Getty ImagesUnited Airlines will change its boarding order next week by letting economy-class passengers who have selected window seats to board before those with middle and aisle seats.The company said...
JB Reed | Bloomberg | Getty ImagesThe average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest level since mid-2000.The milestone came as bond yields soar to levels not seen since 2007. Mortgage rates follow loosely the...
Check out the companies making headlines in midday trading. United Airlines — The airline stock dropped more than 8%. On Tuesday, the company warned that pricier jet fuel and a halt to the carrier's Tel Aviv flights during the Israel-Hamas war will eat into its profits in the last...
Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023.David A. Grogan | CNBCTesla is set to report third-quarter results after the bell on Wednesday.Here's what Wall Street is expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Revenue: $24.1 billion expectedEarnings: 73 cents per share,...