Markets
Netflix revenue up 17% in 3Q on subscriber, ad growth
Netflix Inc. reported a 17 percent jump in third-quarter revenue to USD11.51 billion, driven by membership gains, price adjustments, and higher ad sales. With...
Treasury bill rates mixed as Fed tempers hopes
Average rates on Treasury bills moved in mixed directions at Monday’s auction, as investors reacted to signals from the U.S. Federal Reserve that it may hold off on cutting interest rates in December.
AI powers Amazon profit growth
Amazon.com Inc. posted a surge in third-quarter profit, lifted by accelerating cloud demand and investment gains, even as hefty legal and restructuring costs weighed on operations.
Fed cuts rates anew, further reduction uncertain
The Federal Reserve lowered its benchmark interest rate Wednesday for the second time this year, aiming to support economic growth and hiring even as inflation remains elevated. But Fed Chairman Jerome Powell cautioned that another cut at the central bank meeting in December is far from certain.
NVIDIA to invest USD1B in Nokia, shares surge on AI-driven telecom push
NVIDIA, the global leader in artificial intelligence and accelerated computing, is investing USD1 billion in Finnish technology firm Nokia as part of a sweeping strategic partnership to develop artificial intelligence-powered wireless infrastructure, sending both companies’ shares soaring Tuesday.
