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Warner Bros. Cuts Profit Outlook as Hollywood Strikes Drag On
It is now targeting full-year adjusted earnings, before interest, taxes, depreciation and amortization, of $10.5 billion to $11 billion, down by $500 million. Source link
To Pay for Weight Loss Drugs, Some Take Second Jobs, Ring Up Credit-Card Debts
Some people are paying more than $10,000 a year for Ozempic and Mounjaro. Source link
A Private Phone. Secret Recordings. Inside One CEO's Relationship With a TV Anchor.
Under Armour’s Kevin Plank shared nonpublic financial details with Stephanie Ruhle, and she gave advice on how to address negative publicity. Source link
This Company Is Nvidia's AI Chip Partner—and Its Stock Is Soaring
SK Hynix has long been a major player in the boom-and-bust world of memory chips, but it hasn’t historically been viewed as an industry pioneer.
Consumers Are Spending Like It's 2019
Shoppers have shifted their spending habits in a postpandemic world, leaving retailers in the lurch. Source link
Dick's Sporting Goods Blames Theft for Profit Woes
The retailer’s second-quarter earnings fell short of expectations and it incurred a fresh round of severance expenses from recent job cuts. Source link
SoftBank Chip Unit Arm Files for IPO Likely to Be 2023's Biggest
Arm raised lofty expectations for its business overall but faces near-term market challenges. Source link
The AI Trade Faces Its First Major Test With Nvidia Earnings
The chip maker’s rosy forecast lifted markets in a turbulent time—but the bar to dazzle investors is higher now. Source link
How Kroger Became the Biggest Sushi Seller in America
Millions of shoppers agree: It’s OK to eat supermarket sushi. At U.S. retailers, sales are up over 70% in the past year. Source link
A Rare Look Into the Finances of Elon Musk's Secretive SpaceX
The rocket company and satellite operator narrowed its loss to $559 million in 2022. Costs increased, but revenues rose faster. Source link