The company also said it was shuttering RedfinNow, its home-flipping service, as concerns grow about a slowdown in the housing market.
Category: Company Reports
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Redfin, a Real Estate Broker, Lays Off 13% of Its Staff
The New York Times – Business: -
Adidas Lowers Earnings Forecast After Dropping Kanye West
The New York Times – Business:The German sportswear company slashed its yearly forecast after dropping the popular Yeezy line over hate speech by its creator, Kanye West.
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Lucid Said It Will Raise Up to $1.5 Billion in Capital
The New York Times – Business:The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
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Disney+ Adds 12 Million Subscribers, Beating Expectations
The New York Times – Business:The confidence generated by the subscriber growth was offset by widening financial losses for the company’s direct-to-consumer division over all.
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Kohl’s Says Its Chief Executive, Michelle Gass, Will Depart
The New York Times – Business:Ms. Gass, who will be replaced on an interim basis by Tom Kingsbury, is leaving ahead of the critical holiday season.
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C.E.O.s Are Talking More About Recession
The New York Times – Business:The possibility of an economic slowdown has been a hot topic during the latest batch of quarterly earnings conference calls.
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C.E.O.s Are Talking More About Recession
The New York Times – Business:The possibility of an economic slowdown has been a hot topic during the latest batch of quarterly earnings conference calls.
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Berkshire Hathaway Reports Third-Quarter Loss
The New York Times – Business:The company’s huge investment portfolio lost money, while its insurance arm felt the effects of Hurricane Ian and inflation-driven rises in property and damage claims.
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Amazon, Lyft and Other Tech Companies Announce Job Cuts and Hiring Freezes
The New York Times – Business:Amazon said it was pausing corporate hiring, while Lyft and Stripe said they were cutting jobs.
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The New York Times Company Adds 180,000 Digital Subscribers
The New York Times – Business:The Times recorded an adjusted operating profit of $69 million for the third quarter, up from $65 million in the same period last year.
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Corporate America Has a Message for the Fed About Inflation
The New York Times – Business:If Federal Reserve Chair Jerome H. Powell and his colleagues look at company earnings reports, these themes might catch their eye.