Media executives say their companies can finally weather a recession
History shows recessions have led to spikes in media layoffs, but executives say this time may be different.
Media executives say their companies can finally weather a recession
History shows recessions have led to spikes in media layoffs, but executives say this time may be different.
Bank of America cuts Netflix target, warns of higher subscriber churn and challenging macro outlook
Netflix is still a must-have service, but if there’s a recession on its way, it could bode poorly for the streaming stock, according to Bank of America.
The retail industry is facing a potential wave of bankruptcies – here’s why
Last week, Revlon became the first consumer-facing name in months to file for bankruptcy. Now the questions are: Which retailer will be next, and how soon?
This cloud company is a buy thanks to its strong margins and moat, Goldman Sachs says
Goldman Sachs initiated coverage of Veeva Systems, a provider of Industry cloud-based software, with a buy rating on Thursday.
Musk says Tesla’s factories in Berlin and Texas are ‘gigantic money furnaces’
Tesla’s factories in Texas and Berlin are losing “billions of dollars” as supply chain issues hamper the firm’s ability to boost production, CEO Elon Musk said.
WeWork can more than double as it leads flexible office industry, Credit Suisse says
Credit Suisse initiated coverage of the office-sharing startup WeWork on Thursday with a bullish call.
JPMorgan upgrades Snowflake, says stock can rally 30% from here
JPMorgan says Snowflake is trading at a big discount and has another 30% to go from here.
American Airlines to stop flying to four small cities, citing pilot shortage
American and other major airlines say they have had to cut some service due to a shortage of regional pilots.
Norway announces 50 basis point hike to interest rates, largest for 20 years
The move takes the central bank’s policy rate to 1.25%, and Governor Ida Wolden Bache said it will likely be hiked again in August.