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Warner Bros. Discovery reported a wider-than-expected loss in the third quarter as the media giant works to pare down its debt amid various challenges, including the Hollywood strikes and an unfavorable ad environment. Warner Bros. Discovery (WBD) stock fell more than 19% Wednesday after the company noted ongoing weakness in the ad market, saying it could impact visibility for 2024. CFO Gunnar Wiedenfels said on the company's post-earnings conference call that 2024 "will have its share of complexity, particularly as it relates to the possibility of continued sluggish ad trends." He added that "it is unlikely from today's perspective that we will hit our target leverage range by the end of 2024 without a meaningful recovery of the TV...

Christine McCarthy lepas jawatan, digantikan Hugh Johnston dari PepsiCo berkuatkasa 4 Disember 2023. Pembentangan kewangan syarikat pada 8 November 2023. Membeli 33% pegangan saham TV Streaming Hulu. Disney mengumumkan bahawa bekas pengarah eksekutif PepsiCo (PEP), Hugh Johnston, akan berubah angin dan berhasrat untuk menerajui Disney sebagai Pegawai Senior Eksekutif kanan dan juga sebagai Ketua Pegawai Kewangan, berkuat kuasa pada 4 Disember 2023. Johnston telah berkhidmat di PepsiCo selama 34 tahun di mana beliau memegang beberapa portfolio yang penting termasuk jawatan CFO selama lebih dari satu dekad yang lalu. Disney CFO Hugh Johnston (Courtesy: The Walt Disney Company) Semasa di PepsiCo, beliau berperanan dan berjaya menepis...

Warren Buffett Warren Buffett hinted at his thinking and recent actions in Berkshire Hathaway's latest earnings. The investor appears to have shifted cash into Treasuries and sold about 10% of his Chevron stake. He seems to have accelerated buybacks, spending $800 million between end-September and October 24. Warren Buffett's Berkshire Hathaway published its third-quarter earnings on Saturday, providing fresh clues about the famed investor's thinking and his moves in recent weeks. "There's certain things you can actually figure out by looking at our 10-Q," Buffett said during Berkshire's annual shareholder meeting in May. "But you have to look pretty hard." Here are three hidden nuggets from Berkshire's latest earnings: 1. Banking...

The company will also share a Reinvention Plan update on Thursday after market close. Starbucks (SBUX) is set to report its fiscal Q4 earnings early Thursday morning, and it may be brewing up a tale of two countries. The coffee giant's analysts think US consumers are still willing to splurge for their pumpkin spice and chai tea lattes, but the company's ambitious Chinese plans may run against multiple headwinds. Based on Bloomberg consensus data, Starbucks' revenue is expected to increase 10.3% from a year ago to $9.28 billion, while adjusted earnings per share are expected to jump 19.2% year-over-year to $0.97. In the US, same-store sales are expected to be up 6.31%. North America foot traffic is expected to increase 1.45%, with...

(Bloomberg) -- More companies are flagging concerns over the looming threat of an economic slowdown this earnings season, striking a cautious tone. At just over the half-way mark of the reporting period, “weak demand” is among the top trending phrases on earnings calls, according to a Bloomberg analysis of transcripts for the S&P 500 and the Stoxx Europe 600 benchmarks. If the pace of mentions holds for the next few weeks, it would be the most on record, according to data compiled by Bloomberg going back to 2000. From consumer-facing companies to technology and industrial firms, quarterly reports are reflecting deeper worries ranging from slowing demand to the impact of inflation and higher interest rates on increasingly...

A woman wearing a protective mask walks past a couple eating at a McDonald's. McDonald's (MCD) beat earnings estimates for the third quarter as higher menu prices boosted sales growth. Global systemwide sales — which include sales at company-owned and franchised restaurants — increased 11%. Same-store sales jumped 8.8%, higher than analysts' estimates of 7.79%, per Bloomberg consensus data. Revenue jumped 14% year over year to $6.69 billion, higher than estimates of $6.52 billion. Adjusted earnings per share came in at $3.19, up 19% from last year. “The macroeconomic environment is unfolding in line with our expectations for the year, and we continued to deliver convenience and value for our customers," CEO and president Chris...

Traders work on the floor of the NYSE in New York NEW YORK (Reuters) - Wall Street rallied on Monday, kicking off what promises to be a hectic week that includes a heavy earnings docket, economic data and the Federal Reserve's two-day monetary policy meeting. All three major U.S. stock indexes closed up more than 1%, bouncing back from the previous week's sell-off. Interest rate sensitive megacap stocks, led by Microsoft Corp, Amazon.com, and Apple Inc provided the most upside muscle. "Today is an earnings rebound," said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. "The market got oversold, and the reality is that earnings have been pretty good, the U.S. economy continues to chug along, and is likely...