Entertainment
Netflix taps bank to explore bid for Warner Bros Discovery
Sopa Images | Lightrocket | Getty Images Netflix is actively exploring a bid for Warner Bros Discovery‘s studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter. The video streaming service has hired Moelis & Co, the investment bank that advised Skydance Media […]
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Apple isn’t playing the same AI capex game as the rest of the megacaps
While many of the largest tech companies race to build massive data centers for their artificial intelligence ambitions, Apple is taking a more modest approach. Instead of simply buying as many AI chips as possible, Apple buys computing capacity from outside partners, finance chief Kevan Parekh explained Thursday on the company’s fourth quarter earnings call. […]
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Comcast beats earnings estimates despite more broadband subscriber losses
Comcast topped Wall Street earnings and revenue estimates for the third quarter on Thursday, despite once again reporting a loss in broadband customers. The company said it lost 104,000 domestic broadband customers during the period, bringing its total subscriber base to roughly 31.4 million. This marked the fourth quarter in a row that Comcast failed […]
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South Korea’s largest K-pop agency gains $644 million in market value after court upholds NewJeans’ contract
SEOUL, SOUTH KOREA – MARCH 7: NewJeans attends the first court hearing for ADOR lawsuit at Seoul Central District Court in Seocho-gu on March 7, 2025 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images) The Chosunilbo Jns | Imazins | Getty Images South Korea’s largest K-pop agency Hybe added about $644 […]
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3 reasons Apple deserves its initiation into the $4 trillion club — and what to expect next
Could Apple expectations be any higher? The Club stock made history Tuesday, eclipsing a $4 trillion market capitalization for the first time ever, joining fellow portfolio names Nvidia and Microsoft above that level. (Nvidia on Wednesday became the first company to go above a $5 trillion valuation .) Apple shares closed just below the $4 […]
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Apple’s iPhone Air doesn’t look like a bestseller. It might not matter
CEO of Apple Tim Cook looks at the new iPhone 16 with Siddharth Suryanarayan and Aditi Rao Hydari as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. Manuel Orbegozo | Reuters Apple’s Thursday earnings report is critical for investors because it includes the first […]
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Apple, Microsoft cross $4 trillion market cap
Apple CEO Tim Cook, left, and Microsoft CEO Satya Nadella. Reuters Apple and Microsoft shares rose on Tuesday, pushing the companies over a market cap of $4 trillion. Both companies are still behind Nvidia, which is the world’s most valuable company with a market cap of over $4.6 trillion. Microsoft previously hit the $4 trillion […]
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Apple begins shipping American-made AI servers from Texas
Workers at a factory in Houston, Texas build servers for Apple. Apple Apple has started shipping advanced servers for artificial intelligence applications out of a factory in Houston, Texas, the company announced on Thursday. These servers are a core part of Apple’s commitment to spend $600 billion in the U.S. on advanced manufacturing, suppliers, and […]
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Disney warns ESPN, other networks may go out on YouTube TV at the end of the month
ESPN and YouTube TV. David Buono | Icon Sportswire | Jaque Silva | NurPhoto | Getty Images Just a month after reaching an agreement with NBCUniversal to avoid dropping its networks, YouTube TV has another potential blackout on its hands — this time with Disney. Disney said Thursday it would begin running public messages for […]
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I joined a 24-hour ‘vibe coding’ hackathon and helped build an app – here are my biggest takeaways
CNBC correspondent Ernestine Siu attended an AI hackathon. Courtesy of Ernestine Siu I like to spend most of my weekends taking workout classes with friends, exploring new restaurants or vegging out on the couch with a movie on. The past weekend, however, was unique. Instead of the usual routine, I chose to immerse myself in […]
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