Netflix posted massive second-quarter earnings, reporting $11.08 billion in revenue and an operating income of $3.8 billion, with a strong 34.1% margin. These numbers not only exceeded Wall Street expectations but also reflected a dramatic improvement over last year. The company credited higher subscription prices and low customer churn for the surge in profit margins.
Popular YouTuber Jimmy Donaldson, known as MrBeast, announced his intention to purchase TikTok in collaboration with a group of investors. The move comes as President Donald Trump extended the deadline for ByteDance, TikTok’s Chinese-based parent company, to divest its U.S. operations within 75 days to avoid a ban on the platform.
CNN, a division of Warner Bros. Discovery, plans to lay off hundreds of employees this week as part of a strategy to refocus its business around a global digital audience, according to a CNBC report on Wednesday.
The S&P 500 climbed to a record high on Wednesday, fueled by enthusiasm over Netflix's quarterly results and the technology sector's strong performance.
The Federal Trade Commission (FTC) is distributing over $5 million in refunds to victims of a fraudulent credit card debt relief scheme run by ACRO Services. The company and its operators were accused of deceptive practices that misled consumers about their ability to reduce or eliminate credit card debt.
When Melania Trump stood behind her husband, President-elect Donald Trump, during his inauguration, she made a statement that transcended words. Her choice of attire, particularly the navy boater-style hat, sent a clear and unspoken message: the Trump era was not only entering a new chapter but reclaiming its narrative.
President Donald Trump revoked the security clearances of 51 former intelligence officials who signed a letter claiming Hunter Biden's laptop was part of a "Russian information operation."
TikTok has resumed operations in the United States following President Donald Trump’s announcement of an executive order delaying the app's ban. The decision allows time for a resolution that addresses national security concerns while keeping the popular platform accessible to millions of users.
