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Amazon Reports Higher Sales and Earnings for Q3
Amazon posted higher fiscal third-quarter profit and sales compared with a year ago, driven by accelerating growth in its cloud computing division and strong consumer spending amid resurgent inflation.

By The Financial District
Nov 9, 20251 min read


Netflix Taps Bank to Explore Bid for Warner Bros. Discovery
Netflix is actively exploring a bid for Warner Bros. Discovery’s studio and streaming operations, retaining a financial advisor and gaining access to confidential financial data.

By The Financial District
Nov 9, 20251 min read


Robinhood’s Revenue Doubles as It Bets on Prediction Markets
Robinhood Markets beat third-quarter expectations, doubling its revenue from a year earlier.

By The Financial District
Nov 9, 20251 min read


Norway’s Mega Wealth Fund Dumps Elon Musk’s $1-Trillion Tesla Pay Package
Norges Bank Investment Management (NBIM) said that it had already cast its vote against Elon Musk’s proposed remuneration package as CEO of Tesla.

By The Financial District
Nov 9, 20251 min read


Aldi to Open 16 New Supermarkets in the UK Before Christmas
Aldi has confirmed the locations of 16 new supermarkets across the United Kingdom, all set to open before Christmas.

By The Financial District
Nov 7, 20251 min read


After Trump Takeover, Kennedy Center Ticket Sales Plunge 50%
In the eight months since President Donald Trump took over the Kennedy Center, ticket sales have plummeted by nearly 50%.

By The Financial District
Nov 7, 20251 min read


Shein Retreats from Selling Childlike Sex Dolls in France
France’s consumer watchdog has reported the Asian fast fashion giant Shein to authorities for selling “sex dolls with a childlike appearance” on its website.

By The Financial District
Nov 7, 20251 min read


Firm That Thrived on Dessert Topping on the Road to Bigger Profits
Bob Rich Jr. has no intention of selling Rich Products, a Buffalo-based $5.8 billion food giant founded by his father — a company you’ve probably never heard of.

By The Financial District
Nov 7, 20251 min read


U.S. Software Firm SAS Exits China After 25 Years
U.S. software company SAS Institute has withdrawn from mainland China and dismissed its local staff, ending more than two decades of operations amid intense competition and geopolitical tensions.

By The Financial District
Nov 7, 20252 min read


Reddit Reports Its Most Profitable Quarter; Stock Gains 7%
Reddit, which has surged in popularity in recent years, reported its most profitable quarter yet.

By The Financial District
Nov 7, 20251 min read


Seized Chip Company Races to Split from China
A chipmaker dramatically taken over by the Dutch government is preparing to rapidly step up production outside Beijing’s orbit.

By The Financial District
Nov 7, 20252 min read


Stability AI Largely Wins UK Court Case vs. Getty Images Over Copyright, Trademark
Artificial intelligence (AI) company Stability AI has mostly prevailed against Getty Images in a British court battle over intellectual property.

By The Financial District
Nov 6, 20251 min read


Nintendo Reports Surging Sales and Profit on Its Switch 2 Console
Japanese video game maker Nintendo’s net profit jumped 85% in April–September from the year before, as its sales more than doubled following the launch of its hit Switch 2 console in June.

By The Financial District
Nov 6, 20251 min read


2,000 Drivers Left UPS After Taking Buyouts, Analyst Says
About 2,000 unionized delivery drivers accepted a buyout offer from UPS in the third quarter.

By The Financial District
Nov 6, 20251 min read


Starbucks Sells Majority China Stake to Boyu Capital
Starbucks will sell a majority stake in its China business to Chinese private equity firm Boyu Capital, concluding a lengthy search for a local partner in an increasingly tough market.

By The Financial District
Nov 5, 20252 min read


Alphabet Logs Its First $100 Billion Quarter
Three’s a trend, as they say. If Meta and Microsoft reported record revenues, surely Alphabet would too?

By The Financial District
Nov 5, 20251 min read


Microsoft Still Has More Cloud Business Than It Can Manage
Microsoft CFO Amy Hood began 2025 by saying that the company had more demand for its cloud computing services than it had the capacity to handle.

By The Financial District
Nov 5, 20251 min read


Denny’s to Be Acquired and Taken Private in $620 Million Deal
Denny’s said that it is being acquired by a group of investors in a deal that will take the breakfast chain private.

By The Financial District
Nov 5, 20251 min read


Palantir Stock Drops After Hours Despite Positive Earnings Report
Palantir stock dropped more than 4% in extended trading after a heated rally, despite beating third-quarter expectations, as analysts argue the company is overvalued.

By The Financial District
Nov 5, 20251 min read


Kimberly-Clark to Buy Tylenol Maker Kenvue for $48.7 Billion
Kimberly-Clark has agreed to buy Kenvue for more than $40 billion, combining the maker of Huggies diapers with the owner of Tylenol and other consumer healthcare products.

By The Financial District
Nov 5, 20252 min read


Chinese Billionaire Who Controls Nexperia Hit for Stealing UK’s Chip Industry
Zhang Xuezheng has often found himself in trouble both in China and abroad.

By The Financial District
Nov 5, 20251 min read


Meta Revenue Up, but Net Income Plunges
The parent company of Facebook, Instagram, and WhatsApp has reported $51.2 billion in third-quarter revenue — a 26% increase from the same quarter a year ago that easily topped estimates of about $49.4 billion.

By The Financial District
Nov 5, 20251 min read


PAGCOR Net Income Up 49% to ₱14.32 Billion in First Nine Months of 2025
The Philippine Amusement and Gaming Corporation (PAGCOR) has announced that its net income for the first three quarters of 2025 reached ₱14.32 billion, a 49% increase from ₱9.63 billion in the same period last year.

By The Financial District
Nov 4, 20252 min read


Nexperia Crisis Cripples Chip Supply for Carmakers
Nexperia was created in 2017 when NXP Semiconductors sold its Standard Products division to two Chinese firms — JAC Capital and Wise Road Capital — for $2.75 billion.

By The Financial District
Nov 3, 20252 min read
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