Netflix’s subscriber growth slows, but its profit, stock price surge
Netflix ended September with 282.7 million worldwide subscribers–far more than any other streaming service.
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Elevance shares tumble on reduced forecast, Medicaid woes
The Indianapolis-based health insurance giant said Thursday that its Medicaid enrollment tumbled 19% from 11 million people in last year’s third quarter.
FTC adopts rule to make it easier for consumers to cancel unwanted subscriptions
The U.S. Chamber of Commerce criticized the administration’s approach, saying in August that “heavy-handed regulations that micromanage business practices” will lead to higher costs for consumers.
Supreme Court allows rule limiting pollution from coal-fired power plants
The justices rejected a push from Republican-led states and industry groups to block the Environmental Protection Agency rule, marking the third time this month the conservative majority has left an environmental regulation in place for now.
Caitlin Clark first rookie to make All-WNBA first team since 2008
The Indiana Fever star became the first rookie to make the team since Candace Parker did it in 2008. She’s the fifth rookie ever to have the honor.
Amazon, Google make nuclear investments to power data centers with clean energy
Both tech giants are seeking new sources of carbon-free electricity to meet surging demand from data centers and artificial intelligence.
NFL owners approve Jacksonville’s $1.4 billion ‘stadium of the future’
The proposed 63,000-seat, open-air stadium will feature a translucent covering that’s expected to lower outside temperatures by 15 degrees.
Small business disaster loan program out of money until Congress OKs more
The Small Business Administration warned earlier this month that it could run out of funding, given the anticipated surge in claims from Hurricane Helene.
Retail trade group expects to see slower rise in holiday sales
The National Retail Federation said its 2024 forecast indicates that shoppers will make $979.5 billion to $989 billion worth of purchases in November and December.
Walgreens to close 1,200 stores as chain attempts to steady operations
Walgreens said Tuesday that its net loss swelled to more than $3 billion in the final quarter of the year, dragged down by U.S. retail and pharmacy sales.
Hailie Deegan moving from NASCAR to IndyCar
The 23-year-old has spent the last four years in NASCAR competing in both the Truck Series and the Xfinity Series. She’s never won at NASCAR’s national level.
WNBA, players’ union closing in on opt-out date for collective bargaining agreement
If the union does opt out, the current CBA, which was set to expire in 2027, will still be in effect next season, so the two sides have a year to come to an agreement.
Stellantis CEO says carmaker on pace to fix sales problems after poor performance this year
CEO Carlos Tavares said the company is in a “Darwinian period,” and nothing is off the table including plant closures or shutting down brands.
Retailers, shoppers embracing earlier starts for holiday shopping
In response to growing customer demand, stores of all stripes have thrown the official retail calendar out the window. pushing Halloween costumes in July and rolling out Christmas merchandise in September.
Boeing to lay off 10% of employees as strike by factory workers cripples production
About 33,000 union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.
Elon Musk unveils Tesla’s ‘Cybercab,’ plans to bring autonomous driving tech to other models
Tesla expects the Cybercabs to cost under $30,000, Musk said. He estimated that the vehicles would become available in 2026, then added “before 2027.”
Consumer sentiment slips on frustration over high prices
The survey bottomed out in June 2022, when inflation peaked at 9.1%, and has since risen by about 40%, though it remains significantly below pre-pandemic levels.
Stellantis, seeking to revive sales, makes some leadership changes
Stellantis announced a number of significant leadership changes on Thursday, including the timing of CEO Carlos Tavares’ retirement and the departure of its chief financial officer, as it struggles to revive sales in North America.
Milton spares Florida factory that’s critical supplier of IV fluids
B. Braun Medical’s manufacturing site and distribution center in Daytona Beach were not seriously impacted by the hurricane, said a company spokesperson. The center produces about a quarter of the country’s IV fluids.
WNBA to expand Finals to 7-game series next season
The league also will change the opening-round format in the playoffs to ensure the lower seeded team plays a home game.