Author: Press Room

(AP) — Netflix missed the earnings target set by stock market analysts during the video streamer’s latest quarter, a letdown that the company blamed on a tax dispute in Brazil. The results announced Tuesday broke Netflix’s six-quarter streak of posting a profit that eclipsed analysts’ projections. The Los Gatos, California, cited an unexpected $619 million expense tied to the Brazilian tax dispute for the earnings shortfall while hailing its lineup of distinctive TV series and films for keeping its audience engaged and delivering a mix of subscriber fees and increased ad sales that helped it deliver revenue that matched analyst forecasts. Investors,…

Senate Majority Leader John Thune met with a group of GOP senators on Wednesday as Republicans quietly discuss possible paths forward on health care once the government reopens. The group met to talk about ideas including what to do about soon-to-expire Affordable Care Act subsidies — the centerpiece of Democrats’ demands amid the three-week shutdown — according to three people granted anonymity to describe the meeting. Senate Majority Whip John Barrasso (R-Wyo.) and Sens. Bill Cassidy (R-La.), Shelley Moore Capito (R-W.Va.) and Rick Scott (R-Fla.) were among the senators who gathered in Thune’s office. Barrasso, asked if they talked about…

News outlets have speculated that the test was timed to coincide with US President Donald Trump’s upcoming visit to South Korea North Korea fired several ballistic missiles on Wednesday morning, South Korea’s Joint Chiefs of Staff (JCS) have reported.The short-range weapons were launched from the southern North Hwanghae Province and traveled roughly 350km before landing in North Hamgyong Province, in the country’s northeast, according to a statement from Seoul. Military analysts believe the projectiles may have been of the same type tested by Pyongyang in September of 2024.Japan’s newly appointed prime minister, Sanae Takaichi, said Tokyo was sharing real-time tracking…

Credit: CNN screenshot Rep. Jasmine Crockett (D-TX) may be about to make every Republican’s dreams come true in the coming months and create a total nightmare for her party. As Axios reported, Crockett told SiriusXM radio on Wednesday that she is “strongly considering” jumping into the open Democratic Texas Senate primary. She gave multiple reasons why she may run. The first reason is that Crockett is well aware of polling showing that she would be the person to beat for the Democratic nomination. “Every other day, there’s a poll that comes out that makes it clear that I can win…

Tesla is recalling 12,963 vehicles in the U.S. due to a defect in a battery pack component that could lead to a sudden loss of drive power, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. Reuters reports that Elon Musk’s Tesla is facing a new challenge as it announces a recall of 12,963 vehicles in the United States. The NHTSA stated on Wednesday that the recall is due to a defect in a battery pack component that could potentially result in a sudden loss of drive power, increasing the risk of accidents. The affected vehicles include certain 2025…

Saudi Arabia has officially ended its “kafala” system of rules for migrant labor, a system that effectively turned some 13 million migrants into indentured servants and gave their employers total control over their lives. Kafala is an Arabic word that means “sponsorship.” The system was created in the 1950s as a means of importing, and controlling, low-cost migrant labor during the Saudi oil boom. Under kafala, every migrant worker is assigned to a local sponsor or “kafeel,” who would manage all aspects of the worker’s life in Saudi Arabia. The kafala system was never anything more than a scheme for…

Treasury Secretary Scott Bessent on Wednesday said that Democrats are aiming to reverse many of the hard-fought gains President Donald Trump has achieved by reining in President Joe Biden’s historic levels of deficit spending. “The budget deficit began to shrink dramatically beginning in the second quarter of this year when there was no overlap with the Biden administration. From April to September, the cumulative deficit totaled just $468 billion. This is the lowest reading since 2019 and is down nearly 40 percent from the comparable period last year when Biden was spending recklessly,” Bessent wrote on X, sharing a chart…

President Donald Trump’s Department of Homeland Security (DHS) has arrested nearly half a million illegal aliens in the last nine months, Secretary Kristi Noem revealed, with the majority having criminal charges or criminal convictions. “Since January, the Department of Homeland Security has arrested over 480,000 criminal illegal aliens — 70 percent of those individuals have criminal charges against them or have been convicted of those criminal charges,” Noem said at a press conference in Sarasota, Florida, on Monday. Noem said DHS and Immigration and Customs Enforcement (ICE) are “focused on the worst of the worst, bringing these individuals to justice.”…

Republican congressional leaders are making plans for a new spending punt as the shutdown drags on, and any new version is likely to postpone the next deadline until 2026. House and Senate GOP leaders are debating a wide range of options for a new continuing resolution to fund the government, given that their current preferred vehicle funds the government only through Nov. 21. The most likely option would run into mid to late January, according to three people granted anonymity to describe the private conversations. House Majority Leader Steve Scalise confirmed Wednesday that a longer stopgap is under consideration, but…

The heist at the Natural History Museum in Paris marks another incident in a rising trend of high-profile burglaries in Europe A Chinese national has been charged over a €1.5 million gold heist last month at the National Museum of Natural History in Paris, Franceinfo reported on Tuesday, citing the prosecutor’s office.The disappearance of nearly 6kg of gold was discovered by museum staff on the morning of September 16. The nuggets had been part of a permanent exhibit.According to prosecutors, the stolen items included Bolivian nuggets donated to the Academy of Sciences in the 18th century, pieces from Russia’s Ural…