The mass consumer market remains out of reach for Goldman Sachs despite a multiyear effort.
Why it matters: Wall Street's most prestigious bank had hoped to rely on fees from a broad base of customers to diversify away from its investment banking and trading business amid uncertain and rocky economic times.
Netflix's stock was up more than 10% in after-hours trading Tuesday after the company said it added 2.41 million subscribers vs. the 1 million subscribers it originally forecasted last quarter.
Why it matters: "After a challenging first half, we believe we're on a path to reaccelerate growth," the company wrote in a note to investors.
The NFL will add a Black Friday game in 2023 to be streamed on Amazon Prime Video, the partners announced Tuesday.
Driving the news: The first-ever NFL game will take place on Nov. 24, 2023 at 3pm ET — the day after Thanksgiving — and will exclusively stream on the e-commerce giant's video platform.
A French cement company agreed to pay roughly $778 million in financial penalties after pleading guilty in U.S. federal court on Tuesday to paying off terrorist groups in Syria to keep a plant there operational.
Driving the news: The company, Lafarge, pleaded guilty to one count of conspiring to provide material support to ISIS and the Al-Nusra Front, the Justice Department said in a press release.
Workers at an Amazon warehouse near Albany, New York, overwhelmingly rejected a union bid on Tuesday, according to a count from the National Labor Relations Board.
Why it matters: The 406 to 206 vote against unionizing deals a major blow to the Amazon Labor Union. It would've been the second Amazon site in the U.S. to unionize.
Philanthropist MacKenzie Scott has donated $84.5 million to the Girl Scouts of America and 29 local councils in what the 110-year-old organization is calling the largest donation from a single individual in its history.
Why it matters: The organization said in a statement Tuesday that the donation will help its recovery from the pandemic, expand its investment in girls by helping advance its mission to "provide life-changing experiences, mentorship, and programming."
Robo-advisors are gaining in popularity, offering investors cheaper, customized portfolios — but when it comes to crypto, even they won't take their own advice.
Why it matters: Most of the big traditional shops' robos won't touch crypto just yet, and the ones that do aren't necessarily eating their own cooking. That is — the core portfolios on which their performance is graded don't carry a dose of the crypto wares they offer customers.
SiriusXM is increasing its investment in live sports rights in an effort to lure and retain more premium subscribers, CEO Jennifer Witz told Axios.
Why it matters: Sports listeners have a lower churn rate than the average SiriusXM subscriber, and sports advertising now accounts for nearly a quarter of ad sales for SiriusXM, executives noted.
The potential combination of the Murdoch family's newspaper empire and TV business would likely retain the News Corp. branding and would trade on the Australian Securities Exchange (ASX), sources told Axios. Expansion into sports betting and book publishing would be among the growth areas targeted.
Why it matters: The proposed transaction would be structured as a combination of two controlled companies via an all-stock agreement, not too dissimilar to the deal to bring CBS and Viacom back together in 2019.
The Treasury Department is launching a first-of-its-kind initiative to uncover climate-related risks to private insurance markets.
The big picture: Property insurance is becoming harder to find and more expensive in states like California that have been hard hit by climate change-related extreme weather events.
After a six-year absence, McDonald's Halloween Happy Meals — aka Boo Buckets — return to restaurants nationwide on Tuesday.
Why it matters: Nostalgia and the great Halloween comeback of 2022. The fast-food giant is making another attempt to appeal to consumers' childhood memories with the iconic trick-or-treating pails after its popular Oct. 3 release of adult Happy Meals.
Though natural gas prices have fallen recently, this year's spike related to Russia's war on Ukraine will still mean higher household heating bills for Americans this winter.
The big picture: The Energy Information Administration forecasts that households that use natural gas as their primary home heating fuel — nearly half of all households — will see their average winter heating costs rise 28% this year to $931.
Americans are buying fewer items at the grocery store, as food prices surge, a new survey finds.
Why it matters: We're at a turning point when it comes to food shopping. For a while, inflation was mainly changing whattypes of items consumers bought — more generics, and different cuts of meat.
They're calling it the "Great Breakup." Women leaders, already in short supply at most U.S. companies, were more likely than men to switch jobs in 2021, according to a closely watched new report released Tuesday.
Why it matters: A better job market and more opportunities for flexible work arrangements made women less likely to put up with mistreatment in the workplace last year, say the authors of the report, from McKinsey and LeanIn.org, the women's empowerment group founded by former Facebook executive Sheryl Sandberg.
