Month: May 2022
FAANG stocks had a mixed first quarter. Here’s what Wall Street sees ahead for the tech titans
As FAANG stocks diverge following a mixed bag of earnings, CNBC Pro asks analysts and investors what’s next for the tech giants. Source
Read More
Stock futures inch higher after the Nasdaq posts worst month since 2008
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock index futures inched higher during overnight trading Sunday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures contracts tied to the Dow […]
Read More
Netflix cancels Meghan Markle series ‘Pearl’ amid cutbacks
Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Netflix has canceled development on “Pearl,” an animated series created by Meghan, Duchess of Sussex, marking the latest cost-saving moves after the company reported a disappointing first quarter. The cancellation is part of strategic decisions Netflix is making around animated […]
Read More
‘We do crazy stuff’: How cinemas are going beyond studio marketing to lure moviegoers back
A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images “If you build it, they will come.” Universal’s president of domestic theatrical distribution borrowed the iconic line from “Field of Dreams” during the studios slate presentation at CinemaCon […]
Read More
May Day rallies in Europe urge more help as inflation bites
Tens of thousands of people marched Sunday in cities around Europe for May Day protests to honor workers and shame governments into doing more for their citizens. In France, protesters shouted slogans against newly elected President Emmanuel Macron, a development that may set the tone for his second term. Tensions erupted in Paris, as some […]
Read More
Successful people do these 3 things on Sunday for a happier, stress-free week, according to a productivity expert
We’re all familiar with the dread that comes as Sunday approaches its end – even after a weekend of rest, you start to feel anxious and stressed about the work or responsibilities you have to face Monday morning. In fact, most people get a bad case of the Sundays ahead of the workweek: LinkedIn surveyed […]
Read More
Biden roasts Trump, GOP, himself at correspondents’ dinner
The White House press corps’ annual gala returned Saturday night along with the roasting of Washington, the journalists who cover it and the man at the helm: President Joe Biden. The White House Correspondents’ Association dinner, sidelined by the pandemic in 2020 and 2021, featured Biden as the first president in six years to accept […]
Read More
How this large-cap value fund added inflation protection to beat the market in 2022
Energy, basic materials and healthcare drove outperformance this year for J.P. Morgan’s large-cap value fund. Source
Read More
New Comcast-Charter streaming joint venture suggests the next chapter of the streaming wars is coming
Brian Roberts, CEO of Comcast (L), and Tom Rutledge, chief executive officer of Charter Communications Drew Angerer | Getty Images It’s easy to shrug off last week’s announcement that Comcast and Charter have started a joint venture to gain market share nationwide in streaming-video distribution. But the two largest U.S. cable companies may be playing […]
Read More
Amazon has bold ambitions to take on SpaceX in the satellite internet business
Amazon has a plan to deliver internet from space using 3,236 small satellites in low Earth orbit. It’s called Project Kuiper. In April, the company signed a multibillion-dollar contract — the largest rocket deal in the history of the commercial space industry — for launches of its Kuiper satellites with three different entities: Jeff Bezos’s […]
Read More