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Despite Strikes, Netflix Increases Pricing And Adds New Members

Netflix smashed expectations for new customers, sending its stock rising 13% as it raised membership fees for several streaming plans in the US, the UK, and France.   According to LSEG, Netflix added nearly 9 million new members globally in the third quarter, beyond the 6 million predicted...

How employee profit-sharing schemes can build employee loyalty and boost efficiency

Company executives and human resources managers are constantly on the lookout for new methods for creating a positive workplace environment and boosting employee engagement. American firms have an employee engagement problem. Around 3.5% of the workforce is absent at any one time and, according to...

Foxconn And Nvidia Collaborate To Create 'AI Factories'

According to the firms, Foxconn, the world's largest contract electronics manufacturer, will develop a new type of data centre employing Nvidia chips and software for a variety of applications including self-driving cars.   Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang shared a...

US Saves Nvidia While Threatening China's Chipmaking Future

While denying China access to vital U.S. artificial intelligence processors, the Biden administration's sweeping new policies also secretly tossed Nvidia, Intel, and Advanced Micro Devices (AMD) a potential lifeline in one of the world's largest chip markets.   Officials at the United States...

Netflix May Raise Rates Following The Success Of The Crackdown On Password-Sharing

When streaming industry pioneer Netflix reports earnings on Wednesday, it's anticipated that it will lay the groundwork for price rises following its crackdown on password-sharing, which likely increased subscribers by approximately 6 million in the third quarter.   In order to reach the...

Dealmaking Mitigates The Impact Of Greensky And Real Estate, Goldman's Reports Better Than Expected Earnings

With a tentative comeback in dealmaking offsetting the $864 million writedown relating to its GreenSky fintech firm and real estate investments, Goldman Sachs' third-quarter profit decreased less than anticipated.   The Wall Street juggernaut reported a 33% decline in net earnings to $2.06...

Ferrari Will Accept Cryptocurrency In The US As Payments For Its Vehicles

Following requests from its affluent customers, Ferrari has begun accepting cryptocurrency payments for its high-end sports vehicles in the U.S. and will expand the programme to Europe, according to its marketing and commercial chief, who spoke to Reuters.   Since bitcoin and other...

Microsoft Seals A $69 Billion Activision Merger Following Approval From Britain

Xbox creator Microsoft completed its $69 billion acquisition of Activision Blizzard on Friday, bolstering its position in the video gaming market with top-grossing games like "Call of Duty" to more effectively fight with Sony, the market leader.   The largest gaming merger, first announced...

Samsung Reports Q3 Earnings Above Forecasts, Boosting Optimism For The Chip Industry

In light of the damaged memory chip market's tentative signs of recovery from a severe downturn, Samsung Electronics reported on Wednesday that its preliminary third-quarter profit fell by a smaller-than-expected 78%.   In contrast to a 1.4% increase in the overall market, Samsung shares...

With Persistent Losses In The Chip Segment, Samsung's Q3 Profit Expected To Fall By 80%

Samsung Electronics' third-quarter profit is likely to be 80% lower than a year ago, as the impacts of a global chip oversupply cause losses in what is typically the South Korean tech giant's cash cow industry.   On Wednesday, the world's largest manufacturer of memory chips, smartphones,...

China's Country Garden Has Warned That It May Default On Its Offshore Loan Obligations

With China's Country Garden Holdings , the country's largest private property developer, deals with debt restructuring, it stated it may not be able to satisfy all of its offshore payment obligations when they are due or within the necessary grace periods.   "Such non-payment...

Citigroup Will Sell Its Consumer Wealth Business In China To HSBC

Citigroup Inc announced on Monday that it has agreed to sell its China consumer wealth portfolio to Asia-focused HSBC Holdings Plc, which includes clients, assets under management (AUM), and deposits.   The transaction will cover approximately $3.6 billion in deposits and investment AUMs and...
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