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Check out some companies in the news today:
– Charter Communications is buying Liberty Broadband.
– Cava Group, a food chain, did better than expected in the third quarter.
– Rocket Lab, a space company, had a great third quarter with higher revenue.
– Maplebear, the parent company of Instacart, didn’t meet expectations for the fourth quarter.
– Skyworks Solutions, a semiconductor company, had lower revenueexpectations for the first quarter.
– Flutter Entertainment, an online gambling company, had a strong third quarter.
– Spotify Technology, a music streaming platform, had more users and good profit forecasts.
– Rivian Automotive announced a partnership with Volkswagen.
– Amgen, a drugmaker, found no link between a weight loss injection and bone density changes.
– SoundHound AI, a voice recognition company, had lower revenueprojections for 2024.
– Spirit Airlines might file for bankruptcy after failed merger talks.
Reported by CNBC contributors.
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Vocabulary List:
6 words · tap to reveal
ON
Accent
Acquisition/ˌækwɪˈzɪʃən/noun
The act of obtaining or gaining control of a company.
Expectations/ˌɛkspɛkˈteɪʃənz/noun
Beliefs about what will happen in the future particularly regarding performance or outcomes.
Projections/prəˈdʒɛkʃənz/noun
Estimates or forecasts of future performance based on current data.
Revenue/ˈrɛvəˌnuː/noun
The income generated from normal business operations.
Partnership/ˈpɑːrtərʃɪp/noun
A cooperative relationship between two or more parties.
Bankruptcy/ˈbæŋkrʌptsi/noun
A legal status of a person or entity that cannot repay the debts it owes to creditors.