Big discounts, many of them online only, start appearing well before Thanksgiving and will run long after. Some people still go to the mall, though.
Category: Company Reports
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Nvidia Triples Quarterly Revenue, but Sales in China Are a Concern
Demand for the company’s A.I. chips remains high, but it said new U.S. export restrictions would hurt it sales to countries like China.
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Retailers Wary of Squeeze on Shoppers Ahead of Key Holiday Season
Consumers have bucked expectations despite high inflation and interest rates, but retailers worry whether they can keep it up through the end of the year.
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Manchester City’s $500 Million Wage Bill Is Largest in Premier League History
The club, which dominates the Premier League, is backed by seemingly limitless cash from its Emirati owner, Sheikh Mansour bin Zayed al Nayhan.
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Sharp Drop in Airfares Cheers Inflation-Weary Travelers
Airlines are starting to offer bargain prices, including to popular overseas destinations like Paris, a sign that they are fighting to fill planes.
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Disney Adds 5 Million Streaming Subscribers
The company is in the midst of a major transformation, exploring options for traditional businesses like ESPN.
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The New York Times Passes 10 Million Subscribers
The company reported an adjusted operating profit of $89.8 million in its latest quarter, up from $69 million a year earlier.
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Automakers Delay Electric Vehicle Spending as Demand Slows
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
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Uber Reports Record Ridership and Second Straight Quarterly Profit
Revenue was up 11 percent from a year earlier, helping to generate $221 million in net income.
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WeWork Files for Bankruptcy Amid Glut of Empty Offices
The move is a blow for landlords who have rented space to the co-working group, which is planning a “comprehensive reorganization” that includes cutting some of its leases.
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Berkshire Stung by Losses in Its Stock Holdings
The conglomerate’s cash stake swelled to a record $157.2 billion in the third quarter even as it posted $23.5 billion in losses from investments.
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Apple’s Sales Drop Slightly While Profit Is Up 11 Percent
Interest in new iPhones and services such as music and cloud storage powered the quarter, but other businesses, such as Mac sales, slowed significantly.