TOKYO—SoftBank Group sank deeper into the red in the July-September period as it reported write-downs related to the bankruptcy of office-sharing company WeWork and technology shares stayed under pressure amid rising interest…
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Arm’s first earnings report since IPO comes with a disappointing forecast
Arm Holdings PLC reported earnings Wednesday for the first time since returning to the public markets, but its shares were headed lower in the extended session as its December-quarter outlook missed the…
S&P 500, Nasdaq Extend Win Streaks
Major stock indexes ended mostly higher Wednesday, building on a long run of gains. The S&P 500 added 0.1%, notching an eighth-straight session in the green. The Nasdaq Composite also added 0.1%,…
AMC swings to Q3 profit, reports positive net income for second straight quarter
AMC Entertainment Holdings Inc. reported third-quarter results that beat top- and bottom-line expectations Wednesday, as the movie-theater chain and meme-stock darling swung to a profit. The company swung to net income of…
Fed Probes Morgan Stanley’s International Wealth-Management Practices
Morgan Stanley’s wealth-management arm is being scrutinized by the Federal Reserve, which is looking into whether the bank has sufficient controls in place to prevent rich foreign customers from laundering money. The…
‘Meta’s Deception’ About Instagram’s Harmful Qualities Alleged in Massachusetts Suit
Meta Platforms Chief Executive Mark Zuckerberg repeatedly dismissed warnings from senior company officials that its flagship social-media platforms were harming young users, according to unsealed allegations in a lawsuit filed by Massachusetts….
Eli Lilly gets FDA approval for new obesity drug
The U.S. Food and Drug Administration on Wednesday approved Eli Lilly & Co.’s LLY, +2.49% obesity drug Zepbound, which in clinical trials helped patients lose up to 48 pounds on average. The…
Warner Gets Too Real About Advertising Meltdown
Even “Barbie” can only glam up her maker so much these days. Warner Bros. Discovery got a boost from the year’s biggest box-office hit during the third quarter. Its studio revenue grew…
Amazon offers Prime members primary care for $9 a month
Amazon.com Inc. AMZN, -0.60% said Wednesday that it will offer Prime members primary care for $9 a month through its healthcare business One Medical. The new One Medical membership includes unlimited round-the-clock…
American Airlines Dangles $250,000 Bonuses to Poach FedEx and UPS Pilots
The next recruiting hotspot for U.S. airlines in need of experienced pilots is FedEx and United Parcel Service. PSA Airlines, a regional carrier owned by American, is offering bonuses totaling $250,000 for…