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Alcoa Earnings Are Improving. The Stock Is Down Anyway.
Barrons.com37d agoneutral
Alcoa Earnings Are Improving. The Stock Is Down Anyway.

FEATURE Aluminum producer Alcoa reported improved earnings, but they didn’t match Wall Street estimates. Shares were lower in late trading. Thursday evening, Alcoa announced adjusted second-quarter earnings per share of $2.

Netflix posts higher Q2 results but shares drop due to lukewarm forecast
Associated Press37d agobearish
Netflix posts higher Q2 results but shares drop due to lukewarm forecast

Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases, which “had gone well and as expected.” Netflix earned $3.4 billion, or 80 cents per share, in the March-June period. For the current quarter, Netflix is forecasting revenue growth of about 12%.

Bloomberg37d agoneutral
Coca-Cola Suspends US Fairlife Operations After Cyberattack

(Bloomberg) -- The Coca-Cola Co. said it had temporarily suspended production operations of its Fairlife milk in the US after an unauthorized third party gained access to some of its systems.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham's IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI's First Device Will Be Movable, Screenless Speaker Built as AI CompanionChip Stocks Get Hit

Bloomberg37d agoneutral
Coca-Cola Suspends US Fairlife Operations After Cyberattack

(Bloomberg) -- The Coca-Cola Co. said it had temporarily suspended production operations of its Fairlife milk in the US after an unauthorized third party gained access to some of its systems.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionChip Stocks Get Hit

Netflix shares fall as quarterly revenue misses expectations
Proactive37d agobearish
Netflix shares fall as quarterly revenue misses expectations

Netflix Inc (NASDAQ:NFLX, XETRA:NFC) shares fell about 8% in after-hours trading after the streaming company reported second-quarter revenue that came in just below Wall Street expectations, overshadowing a slight earnings beat. For the quarter ended June 30, Netflix posted diluted earnings...

Bloomberg37d agoneutral
DeepMind CEO to Lobby Washington on Plan for Group to Vet AI Models

(Bloomberg) -- Earlier this week, Google DeepMind Chief Executive Officer Demis Hassabis unveiled a proposal for a new international watchdog that would do “rigorous” tests and reviews of cutting-edge AI models before release.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI’s First Device Will Be Movable, Screenless Speaker Built

Netflix third-quarter earnings forecast falls shy of Wall Street expectations
Reuters37d agobearish
Netflix third-quarter earnings forecast falls shy of Wall Street expectations

Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the ‌amount of information it discloses on viewing hours as the streaming video pioneer seeks ‌new avenues of growth. Shares of Netflix fell about 4% in after-hours trading to $71.30. The company said it expected $12.86 billion in revenue ​from July through September and diluted earnings per share of 82 cents.

Quantum Computing (QUBT) Completes Acquisition of NHanced Semiconductors for $73.1M
Insider Monkey37d agoneutral
Quantum Computing (QUBT) Completes Acquisition of NHanced Semiconductors for $73.1M

Quantum Computing Inc. (NASDAQ:QUBT) is one of the best future stocks to buy under $10. On June 23, Quantum Computing announced the completion of its acquisition of NHanced Semiconductors, Inc. in a cash-and-stock transaction valued at $73.1 million, with up to $72 million in additional performance-based incentives. This strategic move marks a transition for QCi […]

Should the Fed aim to 'modestly' raise interest rates?
Yahoo Finance Video37d agoneutralVIDEO
Should the Fed aim to 'modestly' raise interest rates?

Federal Reserve Bank of Dallas president Lorie Logan came out in favor of "modestly" higher interest rates to better balance inflation risks on Thursday. Interactive Brokers senior economist José Torres reacts to this opinion and what Fed Chairman Kevin Warsh's plans for the balance sheet could mean for inflation.