Discount Fatigue Reshapes Holiday Fashion Spending

 

A wave of promotions has left U.S. shoppers with "discount burnout," AlixPartners reports, complicating Black Friday and Cyber Monday plans. Surveying 9,000 consumers across 140 retailers, the firm found the weight shoppers place on price fell 13% year over year, and 30% fewer said sales are "very important"; even off-price...

Walmart Pauses H-1B Hiring After $100k Fee

 

Walmart is pausing hires that require H-1B visas, the BBC understands, after President Donald Trump imposed a new $100,000 fee on applicants. The retailer, which saw more than 2,000 approvals in the first half of 2025, said it remains committed to talent while being “thoughtful” about its approach. Bloomberg first...

Netflix Chiefs Downplay Mergers as WBD Explores Deals

 

On Netflix’s earnings webcast, co‑CEO Greg Peters dismissed big media mergers as a fix, citing Disney-Fox, Amazon-MGM and the AT&T–Time Warner and Discovery–Warner tie-ups as lacking transformative impact. As Warner Bros. Discovery fields interest in all or part of the company and advances a split between streaming/studios and linear networks,...

Musk slams Duffy over NASA contract plan

 

Elon Musk blasted Transportation Secretary Sean Duffy on X after Duffy suggested NASA could open SpaceX’s $2.9 billion lunar-lander contract to competitors, saying the company is behind schedule as Artemis III is planned for as soon as mid-2027. Musk hurled insults, touted SpaceX’s human-certified orbital vehicle, and amplified praise for...

Travis Kelce joins Jana in Six Flags push

 

Travis Kelce has joined activist investor Jana Partners and executives Glenn Murphy and Dave Habiger in an investment group with roughly a 9% economic interest in Six Flags Entertainment, sending shares up more than 15% Tuesday. The group plans to work with the board on ways to enhance shareholder value...

Netflix Misses Earnings Amid Brazilian Tax Dispute

 

Netflix missed Wall Street profit forecasts in Q3 as an expense tied to a dispute with Brazilian tax authorities squeezed its operating margin to 28% versus 31.5% guidance. Revenue hit $11.51 billion, but diluted EPS of $5.87 trailed the $6.97 consensus, sending shares down up to 7% after hours. The...

Netflix Misses EPS, Touts Ads Growth, Guidance

 

Netflix’s Q3 2025 results missed both Wall Street and internal EPS targets but met revenue expectations, after an unforecast expense from a Brazilian tax dispute cut operating margin to 28% versus 31.5% guidance. Adjusted EPS was $5.87 on $11.51 billion in revenue; shares fell up to 6% after hours. The...

Default entered as Prosser disputes nonresponse claim

 

Apple told a court that Jon Prosser still hasn’t answered its July lawsuit accusing him of stealing trade secrets, and a clerk entered a default last week. Prosser, however, told The Verge he has been in active communication with Apple and isn’t ignoring the case. In the complaint, Apple alleges...

WBD Shares Jump Amid Strategic Review

 

Warner Bros. Discovery shares hit a 52-week high after the board launched a review of strategic alternatives, citing unsolicited interest from multiple parties. Options span its planned split, a sale of the whole company, separate deals for Warner Bros. or Discovery Global, or a structure merging Warner Bros. and spinning...

Wall Street Eyes Netflix Q3 Earnings, Strategy

 

Netflix will release third-quarter results after Tuesday’s close, with Wall Street watching how recent price hikes and its growing ad tier are performing as consumers tighten spending. Analysts expect earnings of $6.97 per share and $11.51 billion in revenue, according to LSEG. Netflix beat expectations in the first two quarters,...