Month: August 2022
U.S. rethinks steps on China tariffs in wake of Taiwan response, sources say
US President Joe Biden gestures as he meets with China’s President Xi Jinping during a virtual summit from the Roosevelt Room of the White House in Washington, DC, November 15, 2021. Mandel Ngan | AFP | Getty Images China’s war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to […]
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Inflation is peaking, and that is ‘nirvana’ for stocks, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market … totally saw peak inflation coming. I think you had to be deliberately obtuse to miss this because commodity prices have been collapsing a while ago, but now it’s […]
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Stocks making the biggest moves after hours: Disney, Bumble, Sonos & more
Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines after the bell Wednesday: Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1 million, above the expected 147.76 […]
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Disney lowers 2024 forecast for Disney+ subscribers by 15 million
An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022. Yousef Saba | Reuter Disney on Wednesday lowered its 2024 forecast for Disney+ to 215 million to 245 million subscribers, down […]
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Hackers have stolen $1.4 billion this year using crypto bridges. Here’s why it’s happening
Mining the Worlds Second-most-valuable Cryptocurrency at Evobits I.T SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg via Getty Images Photographer: Akos […]
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Disney raises prices for Disney+, Hulu and ESPN+ as streaming services post big operating loss
Disney unveiled a new pricing structure that incorporates an advertising-supported Disney+ as part of an effort to make its streaming business profitable. Starting Dec. 8 in the U.S., Disney+ with commercials will be $7.99 per month — currently the price of Disney+ without ads. The price of ad-free Disney+ will rise 38% to $10.99 — […]
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Disney subscriber growth blows past estimates, as company beats on top and bottom line
A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images If Disney+’s subscriber growth is any indication, the rumors that the global streaming market is nearing saturation have been proven untrue. On Wednesday, the […]
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Airfares, hotel rates and rental car prices fell in July. Here’s how you can score a good deal
Fluxfactory | E+ | Getty Images Travelers saw prices fall for big-ticket pieces of their vacation budgets in July, offering at least a temporary reprieve after soaring costs earlier this year. Airfares fell nearly 8% from June to July, while prices for rental cars and lodging like hotels declined 9.5% and about 3%, respectively, according […]
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FCC denies SpaceX bid for nearly $1 billion in rural broadband subsidies for Starlink
A Starlink satellite terminal, also known as a dish, setup in front of an RV. SpaceX The Federal Communications Commission on Wednesday denied SpaceX’s bid for nearly $1 billion worth in subsidies to support rural broadband customers through the company’s Starlink satellite internet network. SpaceX, which is controlled by Elon Musk, had been awarded $885.5 […]
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Jim Beam maker says some customers trading down, others still paying more for high-end liquor
Bottles of Beam Inc.’s Jim Beam bourbon whiskey, center, are displayed for sale at a liquor store. Uriko Nakao | Bloomberg | Getty Images The maker of Jim Beam said some price-sensitive whiskey and tequila drinkers are opting for cheaper bottles, making it the latest company to note diverging behaviors among lower- and higher-income customers. […]
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