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...
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...
California earmarked $342 million in film tax credits to jumpstart big-budget production, led by a record $43.9 million for the next Jumanji, set to shoot in November for a December 2026 release. “Heat 2” will receive $37.2 million, and a Universal feature from the Daniels rises to $38.4 million after...
Warner Bros. Discovery said HBO Max prices are rising as of Tuesday, Oct. 21, with new subscriptions increasing immediately. Existing monthly customers will get 30 days’ notice and see higher rates from their first billing date on or after Nov. 20, 2025; yearly plans rise at renewal. WBD last raised...
Cory Doctorow's new book, Enshittification, argues major platforms follow a three-stage slide: generous to users, then to business customers, before squeezing both with degraded feeds, what he calls junk fees, and distorted search. He cites Facebook's ad-targeted feeds and Amazon's alleged cloning of sellers' products and higher-cost search results; Amazon...
Coca-Cola beat Wall Street estimates, posting adjusted EPS of 82 cents on $12.41 billion in revenue, yet said demand remains soft. Third-quarter net income rose to $3.7 billion, and net sales increased 5% as organic revenue grew 6%. Unit case volume edged up 1% but was flat in Latin and...
Apple’s iPhone 17 lineup is outselling its predecessor in the U.S. and China—up 14% in the first 10 days—sending Apple shares up nearly 4% to a record, Counterpoint says. China’s iPhone Air sold out within minutes, per the South China Morning Post. Despite an AWS outage that hit Reddit and...
General Motors reports third-quarter results before Tuesday’s bell, with Wall Street expecting $2.31 adjusted EPS and $45.27 billion in revenue, down 22% and 7.2% from a year ago. The update follows a $1.6 billion special item from its EV pullback that won’t hit adjusted figures but will pressure net income....
CNBC's Jim Cramer said Apple's nearly 4% jump to a record close Monday showed why investors should own, not trade, the stock, as the Dow, S&P 500 and Nasdaq rose 1.12%, 1.07% and 1.37%. He credited three bullish analyst calls. Cramer pointed to an iPhone 17 lineup with strong demand,...
Periodic Labs, founded by OpenAI’s Liam Fedus and former Google Brain researcher Ekin Dogus Cubuk, emerged from stealth with a $300 million seed round led by Felicis. The startup aims to fuse simulations, LLM reasoning and, soon, robotic powder-synthesis to accelerate materials discovery, starting with superconductors. OpenAI is not an...
