) reported second-quarter earnings that beat analyst estimates for both revenue and profit. The oilfield services giant saw its revenue increase by 13% year-over-year, driven by an 18% surge in international sales during the quarter. The performance has sent Schlumberger's shares higher in Friday's trading session.
That's what we can draw out that we're getting in terms of looking under the hood of both of these earnings print you prints, you are seeing some more of that international demand. So this could be an indication of some earnings that we are still anticipating to come and give us a sense of kind of the financial health of the energy sector in particular as we prepare to get some more earnings prints coming in here.Netflix is canceling its $11.99 monthly basic subscription for streaming without ads. Subscribers will need to opt for another option.
The Bank of Canada will cut its overnight interest rate on Wednesday by 25 basis points to 4.50% amid expectations that inflation will continue to fall, according to a large majority of economists polled by Reuters. With the economy slowing and unemployment edging higher, the central bank is then expected to cut rates twice more in 2024, although only a slim majority of economists are forecasting a policy rate of 4.
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