Aggregator

Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth, a projection that may amplify concerns about the performance of the world’s leading online TV network. Netflix delivered sales of $12.9 billion in the third quarter, in line with Wall Street’s expectations, and forecast sales of $13.4 billion in the year’s final three months, falling short of what analysts have predicted. The pace of growth has fallen from 17.6% in the final quarter of last year to a projection of 11.5% for this year’s fourth quarter. The company blamed its sales shortfall on the advertising business, which is on pace to deliver $300 million less than the company expected. Bloomberg Tech Host Ed Ludlow joins Bloomberg Businessweek Daily to discuss. He speaks with Alexis Christoforous and Norah Mulinda. (Source: Bloomberg)

Best bets and betting preview for 76ers vs. Knicks on NBA Opening Night

Independent journalist Nick Shirley joins President Donald Trump in the Oval Office to answer a question regarding the Stop Nick Shirley Act in California.

Also, a new N.B.A. season begins. Here’s the latest at the end of Tuesday.

We rounded up the 100 most valuable travel products that make plane trips and car rides better, including packing cubes, compression socks, travel pillows and tech.

Billionaire Ken Griffin said investors are “almost certainly” in the midst of an artificial intelligence bubble as many companies are still grappling with just how much they’ll spend on the technology and how it will transform the economy.

Commanders wide receiver Terry McLaurin suffered a torn patellar tendon, an injury that will end his season, coach Dan Quinn announced Tuesday.

ASML Holding NV and other key providers of chipmaking machines have expedited supplies for Tesla Inc. and SpaceX’s Terafab, Elon Musk said, signaling that the billionaire is making fast progress on an ambitious semiconductor project.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth. Meanwhile, SpaceX reported revenue for the third quarter that beat the average analyst estimate, sending the companies shares rising in the aftermarket. Elon Musk’s satellite, rocket and artificial intelligence conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion. On today's episode: Ed Ludlow, Co-Host of Bloomberg Tech George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis Brody Ford, Bloomberg New Tech Reporter Prashant Gopal, Bloomberg News US Real Estate Reporter (Source: Bloomberg)

Millions of large feral animals roam Australia. Pigs, camels, deer, horses, water buffalo, cattle and goats were introduced deliberately as transport, livestock or to hunt. Many have since established wild populations.

Key PointsSynchrony expects full-year diluted earnings of approximately $9.50 per share.