EARNINGS

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Oct 18 2024BUSINESS

P&G’s Q1 Report: A Glimpse into China’s Slowdown

Procter & Gamble recently announced its earnings for the first quarter of 2025, and the news wasn’t great. Sales in China, the company’s second-biggest market, dropped by 15%. This is due to economic struggles like falling home prices and rising unemployment rates. People are spending less, which me

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Oct 18 2024BUSINESS

Netflix Stock Soars After Quarterly Earnings Surprise

Imagine waking up to some good news! Netflix's stock took a big leap on Friday. This happened right after the streaming giant announced its latest earnings. These numbers were way better than what experts had guessed. The company reported making $5.40 per share in the last three months, which is mor

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Oct 18 2024BUSINESS

Netflix's Ad Business Boosts Stock by 9% in Q3

Netflix's stock jumped 9% on Friday after the company's third-quarter earnings report showed strong growth in its advertising business. The streaming giant added over 5 million paid subscribers, beating Wall Street's expectation of 3.5 million. However, this figure is a 40% decrease from the same pe

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Oct 18 2024BUSINESS

Microsoft's Upcoming Earnings: Expect the Unexpected

Ever wondered how the tech giant Microsoft is doing? Well, the latest buzz is all about their quarterly earnings report coming up soon. Experts like Daniel Sereda, who works for a family office investing across continents, are busy sifting through mountains of data to get a clear picture. Why shoul

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Oct 18 2024FINANCE

BlackRock's Big Move: Should You Invest?

Meet BlackRock, a giant in the financial world that's been making waves. The company, which manages over $11 trillion in assets, just crushed expectations with its latest quarterly earnings. CEO Larry Fink shared that the firm added a massive $2 trillion organically over the past five years, making

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Oct 18 2024BUSINESS

What's Next for Netflix Prices? Execs Talk Strategy

Netflix execs have been busy discussing something that’s on everyone’s minds—price hikes! Co-CEO Greg Peters shared some insights during their latest earnings call. He said their pricing strategy has stayed steady over the years. They aim to provide more value to members every quarter. Only then do

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Oct 17 2024BUSINESS

Netflix's Shift: What to Expect from Q3 Earnings

Netflix is gearing up to share its third-quarter earnings, and investors are eager to dive into the details. The streaming giant has been making some big changes, like introducing an ad-supported plan and diving into live sports. But what everyone really wants to know is how the company's password c

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Oct 16 2024FINANCE

Morgan Stanley's 2024 Q3: A Look at the Numbers

Morgan Stanley, one of Wall Street's giants, just dropped some impressive numbers for the third quarter of 2024. CEO Ted Pick, while chatting on CNBC's Squawk Box at the World Economic Forum in Davos, Switzerland, shared the good news. The company's earnings and revenue both beat experts' prediction

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Oct 15 2024FINANCE

Bank of America's Third Quarter: Profit & Trading Ups, Loan Losses Up

Bank of America had a pretty good quarter! They beat what experts expected by making more in profit and revenue. Here are the stats they shared: Earnings: 81 cents, while analysts said 77 cents Revenue: $25.49 billion, just over the $25.3 billion guess But the story isn't all sunshine and rainbows.

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Oct 15 2024BUSINESS

Walgreens: Shutting Down Stores to Boost Earnings

Walgreens, a well-known drugstore chain, has decided to close 1,200 stores over the next three years. This strategic move is part of the company's efforts to save money and improve its bottom line. Among these closures, 500 stores will shut down by the end of 2025. The company believes this will hel

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