Netflix U.S. member penetration increased in July – TD Cowen
TD Cowen analysts told investors Friday that Netflix’s (NASDAQ:NFLX) US member penetration rose in July. In a research note, the…
Analysis-Chocolate makers’ prospects sour as cocoa prices spike
(Reuters) – Chocolate makers like Hershey and Mondelez (NASDAQ:MDLZ) face tougher trading conditions over the next year as they attempt…
Allianz bolsters private credit bet with new $1.6 billion fund
(Reuters) – Allianz (ETR:ALVG) Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at…
China unveils measures to revive stock market
(Reuters) – China’s securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but…
Dow futures edge lower; Jackson Hole summit looms large
U.S. stock futures weakened Friday, on course to record another losing week as U.S. economic resilience raised concerns about future…
China’s Xpeng falls on dull forecast as EV price war takes toll
(Reuters) – Xpeng (NYSE:XPEV) on Friday forecast third-quarter revenue below analysts’ expectations and reported a hit to margins following an…
Applied Materials gains on strong guidance, FQ3 earnings beat; analysts sees more room for outperformance
Applied Materials delivered blowout earnings guidance after fiscal third-quarter results beat analyst estimates as the ongoing enterprise race to join…
Deere delivers profit beat, lifts outlook on strong tractor demand
(Reuters) – Deere & Co breezed past Wall Street estimates for third-quarter profit on Friday and raised its annual net…
California probes ‘pharmacy deserts’ in Kroger’s Albertsons deal-sources
(Reuters) – The California attorney general’s office is probing whether Kroger (NYSE:KR)’s $24.6 billion plan to buy rival grocer Albertsons…
Australian wine industry faces hangover from China’s high tariffs
(Reuters) – Australia’s wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese…