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Welcome to Wednesday!
Stay ahead of the curve with our rapid-fire roundup of today’s most impactful financial news, tailored to keep you informed and ready to seize opportunities.”
- Tesla earnings anticipated to reflect price cuts
- Disney to cut thousands of jobs in entertainment division
- Netflix reveals U.S. password sharing crackdown
- Western Alliance Bancorp shares surge on earnings beat
- United Airlines shares rise after demand forecast
Tesla Earnings Expected to Reflect Price Cuts
Tesla is set to report its Q1 results, with analysts predicting that the company’s margins will be impacted by price cuts aimed at attracting more customers for its electric vehicles.
Disney Job Cuts Set to Hit Entertainment Division
Disney is preparing for thousands of job cuts next week, including about 15% of its entertainment division staff, spanning TV, film, theme parks, and corporate positions worldwide.
Netflix Announces Password Sharing Crackdown in U.S.
Netflix shares initially fell 10% after reporting mixed results. Profits and revenue were largely in line with expectations, but the company added 1.75 million new subscribers, 500,000 fewer than projected.
Western Alliance Bancorp Shares Up on Earnings Beat
Western Alliance Bancorp shares are surging over 19% in pre-market trading after beating earnings estimates and stabilizing deposits. The stock remains down 44% this year and 58% over the past year.
United Airlines Shares Rise After Demand Forecast
United Airlines shares are up slightly after reporting a quarterly loss but citing strong demand, particularly for international travel. UAL expects to post a Q2 profit due to strong summer travel.
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