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China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first half performance of the world's second-largest economy.Str | Afp | Getty ImagesChina's National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters.That's less than the second-quarter growth of 4.7% year on year. On a quarterly basis, the third quarter saw 0.9% expansion, compared to 0.7% in the second quarter."The national economy showed positive signs of growth in September," Sheng Laiyun, the bureau's deputy commissioner, said at the press conference, according to CNBC's translation of the Chinese. "The confidence is bu...

Customers shop at the new store of Costco on May 28, 2024 in Nanjing, Jiangsu Province of China.Vcg | Visual China Group | Getty ImagesChina on Friday reported better-than-expected retail sales and industrial production for September.Retail sales grew 3.2% from a year ago, better than the 2.5% growth estimated by analysts in an LSEG poll, the National Bureau of Statistics said. Sales rose at a faster clip than last month's 2.1% growth.Meanwhile, industrial production expanded 5.4% in September from a year ago, more than the 4.5% expected by analysts.From January through September, fixed asset investment grew 3.4% from a year ago.China also reported an urban unemployment rate of 5.1% in September, down 0.2 percentage point from the previous month.While there are some encouraging signs, "it ...

Nurphoto | Nurphoto | Getty ImagesLOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow.The streamer's ad-tier memberships jumped 35% quarter over quarter. The company is on track to launch the service in Canada in the coming quarter and more broadly in 2025.While Netflix does not expect advertising to become a primary growth driver until 2026, it noted that the ad-tier accounted for more than 50% of sign-ups during the third-quarter in countries where it is available.Shares rose about 5% in aftermarket trading.Here's what Netflix reported for the period that ended Sept. 30:Earnings per share: $5.40 vs. $5.12 expected by LSEGRevenue: $9.83 billion vs. $9.77 billion expected by LSEGPaid memberships: 2...

Amazon Web Services CEO, Matt Garman speaks during CNBC Power Lunch on July 1, 2024.CNBCAmazon's cloud boss on Thursday gave employees a frank message about the company's recently announced five-day in-office mandate.Staffers who don't agree with Amazon's new policy can leave, Amazon Web Services CEO Matt Garman said during an all-hands meeting at the company's second headquarters in Arlington, Virginia."If there are people who just don't work well in that environment and don't want to, that's OK, there are other companies around," Garman said, according to a transcript viewed by CNBC. "At Amazon, we want to be in an environment where we are working together, and we feel that collaborative environment is incredibly important for our innovation and for our culture."Amazon has observed that ...

Check out the companies making the biggest moves midday: Taiwan Semiconductor — Shares surged 9.79% after the company, which is the world's largest producer of advanced chips, reported a 54% gain in net profit for the third quarter driven by strong artificial intelligence-related demand. Shares of chip giants Nvidia and Micron each rose about 3% in sympathy following the quarterly results. Nvidia — The AI darling was up nearly 1% after hitting a record high earlier in the trading session. Taiwan Semiconductor, which is rallying on its earnings report, is a major Nvidia supplier. Expedia , Uber — Shares of the companies moved in opposite directions following a Financial Times report, which cited people familiar with the process, that Uber explored a potential takeover bid for Expedia. The p...