The Wall Street Journal—Netflix Pushes Into Videogames
Streamer to go up against the sector’s giants with titles based on its shows.
Streamer to go up against the sector’s giants with titles based on its shows.
Bank of America reported an increase in third-quarter profits as the country’s second-largest bank continued to benefit from higher interest rates, and its traders delivered their best performance in a decade.
Chief Executive Elon Musk warned Wednesday that Tesla will face “enormous challenges” scaling up factory production of its long-delayed Cybertruck, signaling profit could remain under pressure in the coming quarters.
OpenAI is in talks with investors about selling shares at a valuation of $86bn, roughly three times what it was worth six months ago, as advances in artificial intelligence transform market appetite for the sector’s leading companies.
Investors are about to see whether the stock market has more fuel in the tank.
The chief executive of a leading Hong Kong property group has declared the end of a “golden era” for the territory’s residential developers as the government takes an increasingly active hand in boosting housing supply.
Google reported its strongest business growth in more than a year but disappointed investors with relatively weak cloud computing sales, delivering a mixed picture as it continues to wrestle with competitors developing artificial-intelligence tools.
Turmoil in government bond markets has forced US companies to delay borrowing plans, making this the slowest October for debt issuance in more than a decade.
TikTok is devoting more resources to explore ways of saving its ecommerce business in Indonesia — such as building a new app or partnerships with local companies — as the Chinese-owned group battles to remain in its biggest marketplace.
A researcher at Two Sigma Investments adjusted the hedge fund’s investing models without authorization, the firm has told clients, leading to losses in some funds, big gains in others and fresh regulatory scrutiny.
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