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 revenue expectations 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 revenue projections for 2024.
– Spirit Airlines might file for bankruptcy after failed merger talks.
Reported by CNBC contributors.
Vocabulary List:
- 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.
How much do you know?
