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SpaceX's Starlink Demonstrates Its Power but Still Needs Growth
Business

SpaceX's Starlink Demonstrates Its Power but Still Needs Growth

Revenue at the satellite-internet business jumped to $1.4 billion last year but has fallen short of Musk’s financial projections. Source link

Europe Returns to Timid Growth, but Bigger Headwinds Loom
Business

Europe Returns to Timid Growth, but Bigger Headwinds Loom

Lower energy bills helped drive an expansion in activity in the quarter through June, but the region faces a litany of challenges in the coming

The Economy Has Defied Expectations. Here’s What to Focus On in the GDP Data.
Business

U.S. Economic Growth Accelerates

The economy expanded at a 2.4% annual rate in the second quarter, remaining well clear of a recession despite higher rates. Source link

Facebook Parent Meta Expected to Report Sales Growth as Turnaround Continues
Business

Facebook Parent Meta Expected to Report Sales Growth as Turnaround Continues

The social-media giant has seen a surge after cutting costs and improving ad-targeting. Source link

JPMorgan ups Turkey inflation, growth forecasts after rates decision By Reuters
Finances

JPMorgan ups Turkey inflation, growth forecasts after rates decision By Reuters

© Reuters. People shop at a fresh market in Istanbul, Turkey July 5, 2023. REUTERS/Dilara Senkaya/File Photo LONDON (Reuters) – Wall Street bank JPMorgan (NYSE:)

Nervousness over banks sends euro 1% lower despite PMI By Reuters
Finances

Japan’s govt cuts growth forecast, sees inflation exceeding BOJ target By Reuters

© Reuters. FILE PHOTO: A Japanese flag flutters on the Bank of Japan building in Tokyo, Japan, March 15, 2016. REUTERS/Toru Hanai/File Photo By Leika

Nervousness over banks sends euro 1% lower despite PMI By Reuters
Finances

BofA cuts China’s 2023 growth forecast to 5.1% By Reuters

© Reuters. FILE PHOTO: People walk on an overpass past office towers in the Lujiazui financial district of Shanghai, China October 17, 2022. REUTERS/Aly Song/File

China keeps loan prime rate steady amid slowing economic growth
Finances

China keeps loan prime rate steady amid slowing economic growth By Investing.com

© Reuters. Investing.com– The People’s Bank of China held its benchmark lending rate steady on Thursday as expected, although focus remained on any future cuts

Netflix Password-Sharing Crackdown Delivers Jolt of New Subscriber Growth
Business

Netflix Password-Sharing Crackdown Delivers Jolt of New Subscriber Growth

The streaming giant says the Hollywood strikes will lead to less content spending and increased free cash flow this year. Source link