Netflix’s stock has worst day in two years as its ‘rite of passage’ gets panned
Other tech companies have pulled back on financial disclosures as they’ve grown, and now Netflix will do the same.
Autonomous drone startup Zipline hits 1 million deliveries
Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it’s eyeing restaurant partnerships in its next phase of growth. The San Francisco-based startup designs, builds and operates autonomous delivery drones, working with clients that range from more than 4,700 hospitals, including the Cleveland Clinic, to major […]
Lululemon to shutter Washington warehouse, lay off 128 employees
Lululemon is planning to shut down its Washington distribution center and lay off 128 employees after opening a massive new warehouse outside of Los Angeles, the company confirmed Friday. The athletic apparel retailer filed a WARN notice with the state’s Employment Security Department on Thursday, notifying it of its plans to close its distribution center […]
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.
Procter & Gamble (PG) Q3 2024 earnings
Procter & Gamble on Friday reported mixed quarterly results as it struggles to bring back shoppers after two years of hiking prices across its portfolio, from Tide detergent to Charmin toilet paper. The company’s prices were up 3% compared with the year-ago period, although CFO Andre Schulten said on a media call that P&G didn’t institute […]
P&G’s stock falls after sales miss, as baby and health-care volumes declined
Shares of Procter & Gamble Co. slipped Friday, after the consumer packaged-goods company reported fiscal third-quarter sales that came up short of forecasts, amid weakness in the segment encompassing baby, feminine and family-care products.
Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
An Alaska Airlines Boeing 737 MAX 9 taxis at Seattle-Tacoma International Airport on March 25, 2024 in Seattle, Washington. Stephen Brashear | Getty Images Alaska Airlines forecast second-quarter and full-year earnings well ahead of estimates on Thursday with executives predicting a strong peak travel season, despite a first-quarter loss stemming from a midair blowout of […]
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.
Nordstrom family tries again to take department store private
A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids, it announced on Thursday. CEO Erik Nordstrom and president […]
Netflix (NFLX) earnings Q1 2024
A couple sits in front of a television with the Netflix logo on it. Picture Alliance | Picture Alliance | Getty Images LOS ANGELES — Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it reported earnings that beat on the top and bottom lines. Total […]
