A take on business from Times Square
Sponsored by NYC News Service and CUNY Newmark J-School
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Netflix said its password-sharing crackdown boosted its third quarter subscriptions above expectations as the company plans to increase prices to push subscribers toward its developing advertising tier.
Airbnb saw recording-breaking profits and revenue in its third quarter on Tuesday, bolstering the short-term rental company’s belief that travel demand will continue despite a potential economic downturn.
Ahead of CVS’s third quarter earnings release on Wednesday, experts predict the health giant’s positive trends will continue in the short run: sizable profits and revenues thanks to lucrative pharmacy benefit management contracts and strong demand for health care services since the pandemic.
As Rent the Runway wraps up its first year on the stock market, the company is expected to see continued revenue growth as it seeks profitability.
Analysts anticipate a notch in Kellogg’s profit despite ongoing supply chain disruptions and inflation pressures still burdening the company.
A steep decline in cryptocurrency trading has plunged Coinbase Global Inc. (COIN) toward deep losses and analysts say there’s no easy fix to lift the company out of the red.
Meta Platforms, Inc.
Mass media giant Fox Corp. is poised to see boosts in revenue this quarter, buoyed by record political advertising spending ahead of the U.S.
Inflationary pressures slashed earnings and revenues for McDonald’s Corp.
McDonald’s Corp. on Thursday posted strong growth in a key sales metric, demonstrating the company’s resilience in a turbulent economy as it dominates competitors.
Facebook parent Meta Platforms Inc.
Legal and regulatory expenses delivered a surprisingly steep blow to Wells Fargo & Co.
About the Journal
The Times Square Investment Journal covers companies, markets and personal finance from a newsroom in the heart of Manhattan. The Journal is sponsored by the NYC News Service and the Craig Newmark Graduate School of Journalism at CUNY.
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