Month: February 2024
Warner Music to cut 600 jobs, or 10% of staff
The Warner Music Group logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Warner Music is laying off 600 employees, or about 10% of its workforce, according to a Wednesday filing. The company said the layoffs are part of a broader restructuring plan aimed at saving costs to invest in more […]
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Disney to take $1.5 billion stake in Epic Games, work with Fortnite maker on new content
Rafael Henrique | Lightrocket | Getty Images Disney is investing $1.5 billion for a stake in Epic Games, CEO Bob Iger said Wednesday, in its biggest bet yet on the gaming space. The media giant will work with the Fortnite studio to create new games and an entertainment universe where consumers can “play, watch, shop […]
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Disney is releasing a 'Moana' sequel in theaters this Thanksgiving
Still from Disney Animation’s “Moana.” Disney How far will Disney go? Back to ancient Polynesia, it seems. On Wednesday, Disney CEO Bob Iger revealed that the untitled Disney Animation film slated for Thanksgiving is a sequel to the beloved 2016 film “Moana.” The news comes just a day after Nielsen’s year-end rankings named “Moana” as […]
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NYCB woes reignite fears about shaky banks as anniversary of March disaster nears
The New York Neighborhood Financial institution (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Photos Embattled lender New York Community Bank disclosed a litany of fiscal metrics in the previous 24 hrs in a bid to soothe skittish traders. But just one of the most […]
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Taylor Swift Eras Tour film to stream exclusively on Disney+ starting March 15
Taylor Swift performs during opening night of the Chicago Eras Tour at Soldier Field on June 2, 2023, in Chicago. Chicago Tribune |Getty …Ready for it? Taylor Swift’s filmed Eras Tour has found a home on Disney+. The concert film will arrive on the platform on March 15, Disney CEO Bob Iger announced during the […]
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PayPal concerns disappointing advice even as fourth-quarter earnings best estimates
A PayPal sign is viewed at its headquarters on January 30, 2024 in San Jose, California. PayPal declared plans to lay off 2,000 workforce or 7 p.c of its workforce. Justin Sullivan | Getty Photographs News | Getty Images PayPal claimed greater-than-expected fourth-quarter final results on Wednesday, but issued direction that was a bit underneath […]
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Arm shares spike soon after chip designer gives sturdy forecast, claims AI is raising sales
Arm will make the CPU architecture for chips discovered in virtually all smartphones. An Arm chip is revealed in this article in San Jose, California, on October 12, 2023. Sydney Boyo Arm reported fiscal third-quarter earnings that conquer estimates and gave a solid gain forecast for the recent quarter. The shares soared a lot more […]
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Wall Street gives 2 of our healthcare stocks well-deserved price target bumps
Wall Street liked what it saw from GE Healthcare and Eli Lilly in their earnings reports, leading to a round of well-deserved price target bumps for the Club stocks. Analysts at four equity research firms boosted their price targets for GE Healthcare since the maker of MRI machines and other medical equipment on Tuesday delivered […]
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New sporting activities streaming bundle could be a 'monster' — or a dud. In this article are the biggest remaining questions
Los Angeles Lakers ahead LeBron James (23) during the NBA game involving the Los Angeles Clippers and the Los Angeles Lakers on January 07, 2024, at Crypto.com Arena in Los Angeles, CA. Jevone Moore | Icon Sportswire | Getty Visuals The U.S. media earth was hurrying — panicking? — Wednesday to check out to determine […]
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S&P 500 rises, nears 5,000 level: Are living updates
The S&P 500 rose Wednesday and edged nearer to the 5,000 level for the first time and strike a new intraday history as traders parsed through yet another slate of quarterly benefits. The wide-dependent index, which initially breached the 4,000 amount in April 2021, included .8%, whilst the Nasdaq Composite jumped about 1%. The Dow Jones Industrial […]
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