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Oct 20, 2021 8 mins, 2 secs

Amid cheers and chants of “Team trans!,” dozens of Netflix employees walked out of a company office building in Los Angeles on Wednesday, protesting a recent Dave Chappelle stand-up special in one of the most visible signs of worker unrest in the history of the streaming service.

Critics inside and outside the company have said that Mr.

Pagels-Minor, who is transgender and was fired last week from their job as a program manager at Netflix, read a list of demands that employees had for the company.

Netflix has said Mx.

Ted Sarandos, Netflix’s co-chief executive, gave several interviews on Tuesday in which he said that he had “screwed up” communication with employees after the outcry over Mr.

Sarandos also conceded that shows, series and movies on Netflix did have an impact on the real world, something he denied in an initial statement.

Similarly, hours before Wednesday’s protest, the company said in a statement that it supported the walkout.

“We value our trans colleagues and allies and understand the deep hurt that’s been caused,” Netflix said in a statement.

Electric vehicle “demand continues to go through a structural shift,” the company said in a statement.

Tesla repeated a previous forecast that sales would grow about 50 percent per year on average for the next few years, but the company cautioned that “semiconductor shortages, congestion at ports and rolling blackouts have been impacting our ability to keep factories running at full speed.”.

The company said it expected to begin production of the Model Y at new factories near Berlin and Austin, Texas, before the end of the year.

“The pace of the respective production ramps will be influenced by the successful introduction of many new product and manufacturing technologies in new locations, ongoing supply chain-related challenges and regional permitting,” Tesla said.

In an important shift, the company said it would start using lithium iron phosphate batteries for all but its long-range cars.

The strong earnings report indicates consumers are still flocking to Tesla even as the company faces questions about the safety of its Autopilot driver-assist system and as established automakers roll out electric cars and trucks.

In a message posted on Twitter, Tesla’s chief executive, Elon Musk, said on Tuesday that Ms.

The higher bill at checkout comes as overall consumer prices have jumped sharply in 2021, climbing 5.4 percent in September from the prior year.

Food and furniture costs surged, and Federal Reserve officials have signaled that if inflation remains elevated, the central bank may need to act to ensure that the price increases do not become permanent.

Other companies are likely to follow suit in raising their prices as inflationary pressures continue, said Laura Veldkamp, professor of finance at Columbia University’s Graduate School of Business.

Veldkamp said.

“We do expect to have higher input-cost inflation,” François-Xavier Roger, the company’s chief financial officer, said on a conference call.

Nestlé, the maker of Nescafé and Starbucks Coffee at Home, also said it expected higher coffee prices in 2022.

Nestlé’s grim report followed a similar one from Procter & Gamble, which said on Tuesday that it was experiencing higher costs for commodities, transportation and freight.

“What started as increased inflation on material costs evolved into widespread constraints impacting our supply chain in many parts of the world,” the company said in its quarterly earnings report on Tuesday.

The S&P 500 posted its sixth-consecutive gain on Wednesday but fell short of a record after a Federal Reserve official expressed concerns about inflation, suggesting that policymakers were prepared to pull back on support for the economy if price gains continue to hold up.

Quarles, said that his attention was shifting to too-high inflation — with price increases running well over the Fed’s target of 2 percent —  and that the central bank’s policy-setting Federal Open Market Committee would be prepared to react if it stays that way.

Quarles’s comments echoed those of another Fed governor, Christopher Waller, who said on Tuesday that “if monthly prints of inflation continue to run high through the remainder of this year, a more aggressive policy response than just tapering may well be warranted in 2022.”.

Both policies have helped to keep borrowing costs low and demand strong, and investors are closely watching for signs that the central bank may hasten its plans to pull back on the support.

On Wednesday, Verizon shares rose 2.4 percent after it said profits rose 45.5 percent in the three months ending in September compared with the same period last year.

China Evergrande, the struggling real estate giant, said on Wednesday it had ended its effort to sell a stake in its property services company to another developer, its latest setback following weeks of missed interest payments.

The now-scrapped sale of a 50 percent stake in Evergrande Property Services would have raised about $2.6 billion.

The developer warned in a securities filing in Hong Kong that there was “no guarantee” it would be able to meet its financial obligations or negotiate an extension with its creditors.

Evergrande “will update the market as appropriate on material progress made in easing its liquidity issue,” it said.

Zou Lan, a central bank official, said on Friday that the risks that Evergrande posed were largely “controllable” and isolated to the real estate industry.

“Given the size of the debt, any assumption that the central government would be hands off would reflect a lack of understanding of how things work in China,” said Zhiwu Chen, a professor of finance at the University of Hong Kong.

But Evergrande said Wednesday that aside from a deal it announced in late September to sell a stake it held in Shengjing Bank for about $1.5 billion, it had made “no material progress” on selling assets.

In the interim, Evergrande said it would “continue to implement the measures” to ease its “liquidity issues.”.

Evergrande said it had ended the $2.6 billion real estate deal because it had “reason to believe” that the buyer, a unit of the Chinese developer Hopson Development, “had not met the prerequisite to make a general offer for shares in Evergrande Property Services.” Hopson said in its own securities filing that it did “not accept that there is any substance whatsoever” to Evergrande’s “purported rescission or termination” of the deal.

Last month, Evergrande blamed “ongoing negative media reports” on its inability to sell off pieces of its vast empire and said it faced “tremendous” financial pressure.

The drug maker Biogen reported on Wednesday that Aduhelm, its new Alzheimer’s drug, brought in $300,000 in revenue from July to September, far short of the company’s goals and Wall Street expectations.

Biogen’s stock fell about 0.6 percent by the close of trading on Wednesday.

Biogen said on Wednesday that it expected Aduhelm to continue to bring in minimal revenue through the rest of this year, a damaging blow for the company, which was counting on the drug to make up for declining revenue from other products.

The federal agency that administers Medicare said in July that it was starting a monthslong review to determine whether to standardize coverage of the drug nationwide, a step that could restrict which patients receive it.

The Food and Drug Administration decided in June to approve Aduhelm, which is given as a monthly intravenous infusion, despite conflicting clinical trial results and dissent among its reviewers and advisers.

Jens Weidmann, the head of Germany’s central bank for a decade and a close ally of Angela Merkel, plans to step down by year-end, amid disagreements with the European Central Bank’s low-interest-rate policies.

In a note on Wednesday to staff of the German central bank, the Bundesbank, Mr.

Weidmann — then a largely unknown 42-year-old economic adviser — in 2011 to lead the Bundesbank, representing Germany on the European Central Bank’s board.

Weidmann became one of the fiercest critics of the monetary policies of Mario Draghi, then the head of the central bank, to save the euro.

Draghi as president of the European Central Bank two years ago.

But it made him a champion among central bank hawks who prefer tighter fiscal policies.

Weidmann’s decision comes as the European Central Bank weighs how to respond to rising inflation across the continent, a danger he had worried would arise from persistently low interest rates.

The company expects to bring in about $60 million in revenue this year and could see interest from media brands or online retailers enticed by the increasing convergence of retail and media.

The attorney general, Karl Racine, said that continuing interviews and reviews of internal documents for the case had revealed that Mr.

Racine said the investigation showed that a major product shift in 2010, which gave hundreds of third-party developers free access to Facebook’s user data, was a “brainchild” of Mr.

Racine said in a statement.

The company has denied the allegations in the attorney general’s lawsuit, saying it hasn’t misled consumers about its data privacy practices.

Racine said Mr

“Zuckerberg is not just a figurehead at Facebook; he is personally involved in nearly every major decision the company makes, and his level of influence is no secret,” the attorney general said in the lawsuit

Netflix on Tuesday said it gained 4.4 million new subscribers in the three months through September, beating its own estimate of 3.5 million new subscribers

United Airlines said on Tuesday that it had $7.8 billion in operating revenue during the third quarter, which was better than Wall Street had expected

Activision Blizzard, the gaming company behind Call of Duty, said Tuesday that more than 20 employees had left the company after a series of reports stemming from a July lawsuit that accused it of fostering a culture in which sexism and harassment were rampant

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