From apple picking to skeleton cows, early seasonal spending seems solid. It’s the latest sign that Federal Reserve policy to combat inflation hasn’t tanked growth.
Category: Company Reports
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BuzzFeed in Advanced Talks to Sell Complex, Backtracking on Digital Media Bet
BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago.
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Siemens Energy in Talks With German Government for Financial Help
Financial problems at the company, a major supplier of wind turbines and power plants, could hamper the energy transition.
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G.M. Profit Down 7% in Strike-Affected Quarter
The carmaker reported $3.1 billion in profit from July through September, which included two weeks of walkouts by the United Automobile Workers.
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Federal Investigators Widen Tesla Inquiry, Company Says
The Department of Justice has sought documents related to vehicle range and “personal benefits,” Tesla said.
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Nokia to Cut 14,000 Jobs in Major Overhaul at Telecom Giant
After a disappointing quarter, the Finnish technology company announced significant spending cuts.
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Tesla’s Price Cuts Lowered Its Profit
The carmaker made less money in the third quarter as it cut car prices to attract buyers amid stronger competition.
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Netflix Adds 9 Million Subscribers in Third Quarter
The streaming service also said its premium ad-free service will now cost $22.99 a month. Its option with ads costs $6.99 a month.
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For Goldman Sachs, No Bad News Is Good News After a Brutal Stretch
The Wall Street bank disclosed $2 billion in quarterly profit, just above expectations and propelling the bank further in its turnaround.
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Jamie Dimon Warns of ‘Most Dangerous Time in Decades’ as Banks Report Big Profits
JPMorgan Chase and Wells Fargo said that consumers continued to borrow and spend, but their chiefs warned that risks were intensifying.