Wall Street eased from records Wednesday as earnings steered sharp moves. The S&P 500 fell 0.6%—still within 0.8% of its high—while the Dow lost 211 points and the Nasdaq slipped 1.2% as of 1:12 p.m. Eastern. Netflix tumbled 10.2% on a profit miss after a strong year-to-date run; AT&T and...
The NHL struck multiyear licensing deals with prediction markets Kalshi and Polymarket, the first such agreement between a major U.S. league and the sector. The companies can use league data, marks and official designations, and Kalshi quickly listed contracts on the Stanley Cup champion. The NHL, which already partners with...
Meta will cut about 600 jobs from its superintelligence lab, chief AI officer Alexandr Wang told staff in a Wednesday memo, according to Axios — a report Meta told TechCrunch was accurate. Wang said a smaller team would speed decisions and make each person more “load-bearing,” with greater scope and...
Family health insurance for most American workers averaged $27,000 this year, with little relief expected next year, a KFF survey found. Employers covered roughly three-quarters, while employees paid $6,850—about $600 a month—and face steeper deductibles that can mean thousands out of pocket after illness or accidents. Employer coverage costs, once...
GLP-1 weight-loss drugs are surging in popularity at large employers, but steep costs are straining budgets, KFF's Employer Health Benefits Survey finds. Coverage for obesity rose to 43% among firms with 5,000+ workers, versus 16% at mid-size companies, yet nearly 60% of large employers report higher-than-expected use and two-thirds cite...
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...
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,...
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...
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’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...
