Tag: adventure

Netflix stock (NFLX) hit an all-time high on Wednesday after reporting a surge in subscribers and earnings that beat expectations. The company's ad-supported tier will now cost $7.99, while its Standard tier will be $17.99 and its Premium tier will be $24.99.

Published on: January 23, 2025, 02:02 AM UTC

Chuck Robbins, CEO of Cisco, discusses the impact of US-China relations and trade policy on businesses at the World Economic Forum in Davos. Cisco's China business, despite facing challenges, remains a key concern for Robbins, who also emphasizes the importance of extending expiring tax cuts. Shares of Cisco have underperformed over the past year but have shown recent resurgence, driven by better-than-expected earnings and optimism about the integration of Splunk.

Published on: January 23, 2025, 02:01 AM UTC

Tariffs could hurt Ralph Lauren and other apparel companies that manufacture in China. CEO Patrice Louvet says the company has diversified its sourcing and can manage tariffs, but warns of potential price hikes for consumers.

Published on: January 23, 2025, 02:01 AM UTC

Japan's exports rose for a third month in December on the back of a weaker yen as businesses wait for clarity on US trade policy under President Trump.

Published on: January 23, 2025, 01:00 AM UTC

Fortescue's iron ore shipments rose 1% in the last quarter, adding to concerns about oversupply as Chinese demand wanes. The miner exported 49.4 million tons in the three months to end-December, retaining full-year shipment guidance of 190-200 million tons.

Published on: January 23, 2025, 12:00 AM UTC

Private equity firms Bain Capital and CC Capital Partners are locked in a bidding war for Australian wealth management firm Insignia Financial.

Published on: January 22, 2025, 11:04 PM UTC

Microsoft's relationship with OpenAI faces challenges. Despite investing $14 billion, Microsoft was excluded from OpenAI's new joint venture, prompting speculation of a strained relationship. Microsoft has scaled back plans for additional investment, while OpenAI seeks other partners and explores using rival cloud services for its AI training.

Published on: January 22, 2025, 11:01 PM UTC

Volkswagen adjusts its profit target to 6%, cites cost-cutting deal to reduce workforce by 35,000 without layoffs.

Published on: January 22, 2025, 11:00 PM UTC

Saudi Arabia's Public Investment Fund (PIF) continues its bond issuance spree, raising $4 billion in a dual-tranche offering. Despite initial price talk, the notes were priced with lower premiums due to strong demand, exceeding $16 billion. The deal follows a $12 billion bond issuance by the Saudi government and a $7 billion Islamic loan by PIF.

Published on: January 22, 2025, 10:04 PM UTC

Retail CEOs are better equipped to deal with the latest round of tariffs from the Trump administration, having diversified their supply chains and negotiated with suppliers to keep costs down.

Published on: January 22, 2025, 10:02 PM UTC