Business
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Goldman Sachs Plans to Cut Hundreds of Jobs
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Truth Social faces financial peril as worry about Trump’s future grows
Payment disputes and a dwindling audience have fueled doubts about the former president’s Twitter clone
By Editors Desk -
Walmart Revenue, Profit Rise as Higher Prices Lift Business
Retail giant says it is gaining market share in some categories such as grocery, and its efforts to clear out excess inventory are continuing
By Editors Desk -
Disney passes Netflix in streaming war, but there are two catches
In the heated streaming war, Disney has just claimed a major victory. But dig a little deeper and the numbers tell a different story
By Editors Desk
Latest Business
Elon Musk sells $6.9bn of Tesla shares as Twitter lawsuit looms
Tesla boss Elon Musk has sold another 7.92 million shares in the electric car maker, worth around $6.88bn (£5.7bn).
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Carlyle Chief Executive to Step Down
Private-equity firm says Kewsong Lee will step down as CEO immediately and leave the firm at the end of this year
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Wall Street's lavish bonuses are getting slashed
A new report from consulting firm Johnson Associates forecasts that year-end bonus pay will decline across financial services, with some bankers seeing bonuses gutted by 45% or more from last year.
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Netflix Is Scrambling to Learn the Ad Business It Long Disdained
Reed Hastings insisted on focusing on subscriptions until competitors started nibbling away at his business model
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Elon Musk and Twitter trial will start Oct. 17
Twitter and Elon Musk will face off in Delaware Chancery Court on Oct. 17 if they don’t settle first.
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JetBlue Agrees to Buy Spirit Airlines for $3.8 Billion
Deal would create fifth-largest U.S. carrier after JetBlue wrests discount airline from Frontier
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Credit Suisse Plans Strategic Review as It Replaces CEO
Lender names Ulrich Körner as chief executive and launches review to pare back its investment bank further
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Spotify has 188 million Premium users, but continues to lose money
Overall user figures grew to 422 million, but the company $197 million in the quarter.
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Shopify laying off 10% of staff as explosive pandemic growth fizzles
Affected staff being notified today
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Russian-born billionaire dumps Musk investments after wife’s affair – WSJ
The spouse of Google co-founder Sergey Brin reportedly had a liaison with his friend Elon Musk
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Twitter spent $33m in three months on Elon Musk deal
Twitter spent $33m (£27m) on Elon Musk's proposed deal to buy the firm between April and June 2022.
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Amazon to Buy One Medical for $3.49 Billion in All-Cash Deal
Deal would be company’s third-largest after Whole Foods, MGM. One Medical operates medical clinics in markets across the US
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Netflix’s shock result leads to price surge
Netflix has just lost almost a million subscribers. But the surprising result has led to a surge in its stock price.
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Netflix only loses 970,000 subscribers in second quarter after warning of loss of 2 million
Netflix warned that it could lose 2 million subscribers during the quarter.
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Twitter court case versus Elon Musk will go ahead by October, judge rules
Twitter had sought short, fast trial, while Musk wanted February court date in lawsuit over failed merger
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Advertisers Were Locked Out of Netflix for Years. Now They Have Big Plans.
Hyundai, Peloton hope to have their products featured in Netflix shows
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