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Netflix secures rights to all 104 World Cup 2030 matches in Spain
Netflix has secured exclusive broadcasting rights in Spain and Andorra to all 104 matches at the 2030 FIFA World Cup. At least one match per matchday will be available free in Spain.
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JPMorgan third-quarter results turn uneven as higher rates weigh on profits
JPMorgan’s third-quarter results were uneven as higher interest rates weighed on profits, following a strong run. Goldman Sachs reported better-than-expected results as major U.S. banks opened a mixed earnings season.
UnitedHealth raises 2026 adjusted earnings outlook to at least $20.50
UnitedHealth Group raised its 2026 adjusted earnings forecast to at least $20.50 a share, from $19.50 to $20.00, after third-quarter adjusted earnings of $4.69 per share beat estimates. Its medical care ratio was 88.4%, below the 89.9% estimate.
Goldman Sachs turns overweight on stocks ahead of Q3 earnings
Goldman Sachs strategists upgraded global equities to overweight for the next three months and bonds to overweight over 12 months, citing strong earnings and limited recession risk. They expect nearly 30% year-over-year growth in S&P 500 earnings in the third quarter, while recent declines have improved stock valuations.
South Korea's Kospi falls 6.25% as chip stocks slide on AI fears
South Korea's Kospi fell 6.25% on Tuesday as investors sold semiconductor shares after Broadcom's chief likened many AI investors to casino gamblers and Chinese chipmaker CXMT reported progress on a new chip architecture. The selloff reflected concerns about AI spending and rising Chinese competition.
LVMH fashion and leather sales fall 5% as China demand slows
LVMH reported third-quarter revenue of €18.5 billion, with organic sales up 1%, while fashion and leather goods sales fell 5%. The group said the division was affected by slower demand in China, despite a buoyant US market.
Bank of America faces more than $1.2 billion US fine over violations
The U.S. Treasury said it is imposing more than $1.2 billion in penalties on Bank of America for alleged anti-money-laundering and sanctions violations. The penalty ranks as the third-largest in the department's history.