Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
Procter & Gamble said volume fell in its Greater China market despite the earnings beat.
Netflix rose 11% after third-quarter earnings beat
Netflix saw momentum in its ad-supported membership tier, which surged 35% quarter over quarter.
After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’
Wiz is hoping to achieve $1 billion in annual recurring revenue in 2025 — a key condition the company wants to meet before going public.
Germany’s auto giants are struggling to stay relevant
Germany’s automotive sector, long recognized for producing high-quality cars, is struggling to preserve its relevance in the age of electrification.
CNBC Daily Open: China posts better-than-expected economic data
China’s gross domestic product, retail sales and industrial production beat expectations, reigniting hopes that the country’s economy is coming back to life.
China needs stimulus with ‘beautiful deleveraging’ to avoid debt crisis, says Ray Dalio
China must employ a “beautiful deleveraging” in addition to its recent stimulus measures in order to avoid debt crisis, says Ray Dalio.
China reports third-quarter GDP growth of 4.6%, slightly beating expectations
Beijing has faced public scrutiny over its ability to meet its own annual growth target of “around 5%.”
China reports better-than-expected retail sales and industrial production data
The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its flagging real estate sector.
Intel seeks billions for minority stake in Altera business, sources say
This move that would represent a sharp about-face from its earlier public messaging about the larger company’s prospects.
CNBC Daily Open: The Dow hits another high amid a mostly flat market
U.S. economic data came in strong and earnings reports continue to beat expectations. That helped to push the Dow to another record close.
