Month: October 2023
Ford says ‘at the limit’ of what it can offer UAW as strikes escalate
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – Ford Motor is “at the limit” of what it can offer the United Auto Workers union in terms of economic concessions, an executive said Thursday as […]
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Shipping giant Maersk to add SpaceX’s Starlink internet to more than 330 ships by early next year
Maersk is one of the world’s biggest container shippers. Andia | UIG via Getty Images Danish logistics giant Maersk is adding SpaceX’s Starlink to more than 330 container ships, the companies announced Thursday. Maersk said the installation of the Starlink internet service is expected to be complete by the first quarter of next year, with […]
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Comcast, Disney hire investment banks to value Hulu as sale process makes progress
Bob Iger, CEO, Disney, and Brian Roberts of Comcast Getty Images Comcast and Disney have hired investment banks to value Hulu, the next step in what’s been a nearly five-year process to put the streaming service under one owner. Comcast, which owns one-third of Hulu, has hired Morgan Stanley, and Disney, which owns the other […]
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These 3 financial institution shares are Wall Street’s favorites heading into earnings reviews for the industry
Buyers usually are not holding their breaths as banks kick off the 3rd-quarter earnings time in earnest Friday. Nevertheless, analysts anticipate some names in the area to glow. Banking institutions have endured as desire premiums linger at larger stages for for a longer time, generating the value of borrowing funds extra highly-priced. A looming recession […]
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A $150 million opening for The Eras Tour concert film? Don’t doubt Taylor Swift
U.S. singer-songwriter Taylor Swift performs during her The Eras Tour concert at SoFi Stadium in Inglewood, California, on Aug. 7, 2023. Michael Tran | Afp | Getty Images The weekend box office (Taylor’s Version). Taylor Swift has sold out stadiums worldwide and now she’s packing cinemas, with her sights set on a $100 million opening […]
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Delta sees robust desire for domestic and worldwide journey
ShareShare Short article by means of FbShare Post by means of TwitterShare Posting by way of LinkedInShare Short article via Electronic mail CNBC’s Phil LeBeau joins ‘The Exchange’ to focus on Delta’s Q4 earnings report, optimism about client paying out toward airline vacation, and the surprise expansion of the UAW strike at Ford’s Kentucky truck […]
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Cathie Wood says AI is extremely deflationary and her top picks contain Twilio and UiPath
Ark Invest’s Cathie Wooden explained Thursday that the synthetic intelligence growth is an antidote to inflation and a huge driver of productiveness. “AI is heading to direct to one of the biggest improvements in efficiency… which is highly anti-inflationary,” Wooden mentioned at CNBC’s Financial Advisor Summit . “When instances get tricky, innovation gains traction, and […]
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Caroline Ellison claims she wasn’t an bold particular person till she achieved Sam Bankman-Fried
Caroline Ellison, previous main govt officer of Alameda Analysis LLC, arrives to courtroom in New York, US, on Thursday, Oct. 12, 2023. Ellison, ex-girlfriend of FTX co-founder Sam Bankman-Fried, outlined for a New York jury Wednesday how she labored with Sam Bankman-Fried to deceive creditors and clients to make his multi-billion greenback cryptocurrency empire, and their failed makes an […]
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Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here’s what the complaint said
A Tesla Model Y on a Tesla car lot in Austin, Texas, May 31, 2023. Brandon Bell | Getty Images In the fourth quarter of 2021, a Tesla employee and a tech industry researcher jointly filed a whistleblower complaint to the U.S. Securities and Exchange Commission, expressing concerns that Elon Musk’s car company may have […]
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Hollywood stuck in a rut after talks break down between actors’ union and studios
Members of the Writers Guild of America and the Screen Actors Guild walk a picket line on Day 1 outside NBC Universal in New York City on July 14, 2023. Timothy A. Clary | AFP | Getty Images Forget about a Hollywood ending for actors and studios — for now. After just under two weeks, […]
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