Dish Network posts surprise loss as pay-TV subscribers flee
Dish is trying to expand its presence in the wireless market as its traditional TV business takes a hit from customers cutting the cord in favor of streamers including Netflix and Disney+.
View ArticleAdidas may write off $320M in Yeezy shoes after cutting ties with Kanye West
The company will decide in the coming weeks whether or not to do a third release of the shoes next year to generate more donations to groups fighting antisemitism.
View ArticleWarner Bros Discovery warns about ‘real risk’ in Hollywood after strikes’...
Chief Executive David Zaslav said the company saw its lightest original content slate in years and had to delay some releases, leading to a drop in third-quarter streaming subscriber numbers.
View ArticleDisney beats profit estimates thanks to surging theme park attendance,...
Iger declared that the Mouse House is entering a new rebuilding phase after a massive restructuring, putting the company on track to achieve roughly $7.5 billion in cost cuts
View ArticleTarget shares soar on bullish forecast despite inflation, Pride backlash
Target said it would place a big focus on value, for example, offering over two-thirds of its holiday toy collection and holiday decorations priced below $25 and $20, respectively.
View ArticleWalmart shares tumble after warning about weak holiday sales
Shoppers are "still very choiceful and using discretion," and are waiting for promotional events like Black Friday and Cyber Monday, Walmart's finance chief said.
View ArticleGap shares surge 30% after strong Q3 under new CEO: ‘Been in bad shape for so...
Investors are pinning their hopes on Richard Dickson's efforts to bring in trendier clothing at Gap's Old Navy brand.
View ArticleSL Green boosts portfolio with key deals at Park Ave. office towers
SL Green CEO Marc Holliday should have plenty to crow about on the leasing front at Monday’s annual investor conference call. In a just-signed, 270,000 square-foot mega-deal, sources told us,...
View ArticleStarbucks loses $12B market cap amid sales concerns, boycotts over Israel
Starbucks has seen nearly $12 billion erased from its market value during the past month as sales reportedly have slowed amid tighter consumer wallets and growing labor strife — with some even...
View ArticleNike stock plunges as sneaker giant reveals $2B in cost cuts, slashes sales...
Nike unveiled a $2 billion cost-savings plan that suggested significant layoffs are looming — and sent the athletic apparel giant’s share price tumbling more than 10%. Nike plans to incur as much as...
View ArticleJPMorgan posts record profits for 2023 despite drop in fourth quarter
JPMorgan Chase's total net income for the year came in at $49.6 billion, the most ever in the history of American banking.
View ArticleBlackRock makes huge bet on infrastructure with $12.5B deal as ESG flounders
Once the deal closes, the firm will hold approximately $150 billion in infrastructure assets.
View ArticleCiti to cut 20K jobs as bank posts worst fourth-quarter loss in 15 years
Citigroup plans to slash 20,000 jobs over the next two years after the struggling bank reported its worst fourth-quarter earnings in 15 years Friday.
View ArticleGoldman Sachs notches worst annual profit in four years, 24% drop from 2022
The bank reported net income of $8.5 billion for 2023 — a 24% drop from 2022 and the lowest level the bank has seen in four years.
View ArticlePersonal use of corporate jets has soared 50% as companies spend $65M on perk...
Companies in the S&P 500 spent $65 million for their executives to use corporate jets for personal travel in 2022.
View ArticleMorgan Stanley paid James Gorman $37M in last year as CEO
Morgan Stanley’s board awarded James Gorman a handsome 17% raise in 2023, making his total compensation for his last year as the bank’s chief executive $37 million. On top of his $1.5 million base...
View ArticleInflation-hit shoppers swallow P&G price hikes to boost company’s earnings
Aside from price increases largely fueling sales growth, shoppers also bought more products across Procter & Gamble's beauty lines, health and family care offerings.
View ArticleNetflix & thrill: Streamer adds record 13.1M subscribers, stock soars past $500
Netflix's total number of subscribers hit 260 million.
View ArticleTesla warns it expects ‘notably lower’ growth in car sales in 2024
Elon Musk's Tesla slashed prices throughout last year.
View ArticleLevi Strauss slashing corporate jobs, looking to go upscale under new CEO...
Levi Strauss forecast annual sales and profit below Wall Street expectations on Thursday, and said it would cut 10% to 15% of global corporate jobs as the denim maker seeks to rein in costs amid...
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