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In an aerial view, the Netflix logo is displayed at a company office on May 12, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesNetflix is set to report quarterly earnings on Thursday as the media industry faces consolidation, spinouts and intensified competition. Here’s how Netflix is expected to perform for the period ended June 30, according to estimates from analysts polled by LSEG:Earnings per share: 79 cents estimatedRevenue: $12.59 billion estimatedWall Street has been particularly interested in the progress Netflix has made with its cheaper, ad-supported tier — a theme that’s likely to carry into the second quarter. As streaming…
By David Shepardson July 16 (Reuters) – U.S. wireless carrier said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs as part of its restructuring. The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after the sale, effective August 16. Verizon eliminated several hundred jobs in May after announcing in November it was cutting more than 13,000 jobs in its largest single round of layoffs. Previously, about 70% of employees at retail locations that Verizon sold took jobs with the new companies operating the stores, Verizon said. Six large…
OnePlus arrived on the scene in 2014 with brash marketing and a compelling pitch: What if your phone was cheaper and faster? More than a decade later, the market is much different, and so is OnePlus. Confirming months of rumors and speculation, OnePlus has confirmed it’s ending phone releases in North America and Europe. This development has been expected for a while. After a brief period of expansion in the US through deals with T-Mobile and Verizon, OnePlus began visibly shifting its focus to India after the pandemic. OnePlus has also increasingly come under the control of its parent company,…
Cheng Xin | Getty Images News | Getty ImagesThe company behind social-media network Truth Social is launching a service that will give paying customers interested in market-moving information “licensed, real-time access” to posts from President Donald Trump and other top accounts, the company said Thursday.Trump’s family is the largest shareholder Trump Media & Technology Group, the public company that operates Truth Social. The president’s @realDonaldTrump account is the largest account on Truth Social, according to a 2025 survey by SEO.ai. His account had 12.9 million followers on Thursday morning. Trump regularly posts official communications first on Truth Social, making his…
Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.The University of Cambridge will next week unveil a one-of-a-kind testing machine to speed up the development of aerospace and other industrial breakthroughs as part of a bid to bolster Britain’s manufacturing sector.The innovative wind tunnel, housed in a teal-coloured, pressurised container, cost £14mn to develop and is “the only machine of its type in the world”, according to Rob Miller, director of the university’s Whittle Laboratory.The high-pressure machine is able to test small-scale prototype models in real-life conditions, meaning the designs…
United States President Donald J. Trump is seen at the Great American State Fair Kickoff Celebration in Washington, DC, United States on June 24, 2026.Kyle Mazza | Anadolu | Getty ImagesA teleprompter operator is under investigation by federal regulators in connection with bets they allegedly made on the prediction market platform Kalshi related to statements made by President Donald Trump.The operator allegedly made more than $90,000 in profits on the trades, but most of that money was frozen by Kalshi after the bets were flagged as suspicious, according to the company.”Our surveillance team promptly flagged and referred these trades to…
Why is Crocs stock hitting a new 52-week high today? Source link
The stock market continued its march higher since our last CNBC Investing Club Monthly Meeting, though the leadership shifted beneath the surface. The Dow led the way, climbing 2.3% from June 17 to Wednesday’s close. The 30-stock average finished at a record high on July 6, before pulling back a bit in recent days. The S & P 500 gained 2.1% since our June meeting, while the Nasdaq rose a more modest 1%. Investors are getting increasingly selective about their artificial intelligence exposure, as further evidenced by Thursday morning’s losses. Cybersecurity stocks moved another leg higher over the past month…
Analysts say the Starmer government’s planning reforms for England – including changing the rules on green belt development to increase the area homes can be built on – should help increase construction in the long term.But some argue that, in the immediate term, housing construction by private sector developers, external is being held back by high house prices relative to average household incomes and elevated mortgage interest rates, which make housing unaffordable to many prospective buyers.The average house price in England, external was estimated at £300,000 in 2025, almost eight times the average annual earnings of a full-time employee.Private housing…
A live feed shows SpaceX CEO Elon Musk on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. Jeenah Moon | ReutersShort sellers are rapidly increasing their bets against SpaceX, driving bearish positioning to nearly one-third of the company’s public float as the struggling stock hovers around its IPO price.About 185 million SpaceX shares are now sold short, representing roughly 29% of the company’s publicly tradable float and about $25 billion in bearish wagers, according to S3 Partners. The position has ballooned from an estimated 40 million shares, or…