Media
CNBC Every day Open: U.S. shares drop and Treasury yields widen their inversion as the economic system provides conflicting signals
Traders get the job done on the ground of the New York Inventory Exchange (NYSE) on June 27, 2022 in New York City. Spencer Platt | Getty Illustrations or photos This report is from present day CNBC Each day Open, our new, global marketplaces publication. CNBC Each day Open delivers investors up to speed on […]
Read More
CNBC Daily Open: The U.S. economy gives conflicting signals
Traders work on the floor of the New York Stock Exchange (NYSE) on July 25, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to […]
Read More
News Corp said it will cut 1,250 positions this calendar year
Pedestrians walk past the News Corporation headquarters building in New York. Michael Nagle | Bloomberg | Getty Images News Corp said Thursday it will cut about 1,250 positions, or 5% of its workforce, as layoffs have been taking place across the media and tech industries. The company, which owns media properties including The Wall Street […]
Read More
Alec Baldwin sued by Halyna Hutchins’ family over fatal ‘Rust’ movie shooting
Hilaria Baldwin and Alec Baldwin speak for the first time regarding the accidental shooting that killed cinematographer Halyna Hutchins, and wounded director Joel Souza on the set of the film “Rust”, on October 30, 2021 in Manchester, Vermont. MEGA | GC Images | Getty Images Alec Baldwin is being sued by family members of Halyna […]
Read More
Disney CEO Bob Iger says he prefers to stay only two years, calls streaming ‘the future’
Disney CEO, Bob Iger attends the European film premiere of ‘Star Wars: The Rise of Skywalker’ at Cineworld Leicester Square on 18 December, 2019 in London, England. Wiktor Szymanowicz | Future Publishing | Getty Images Disney CEO Bob Iger appeared on CNBC’s “Squawk on the Street” Thursday following the company’s announcement it would cut 7,000 […]
Read More
Twitter restored in Turkey immediately after conference with government officers
Elon Musk Twitter web site seen on mobile with his poll to action down as head of Twitter Jonathan Raa | Nurphoto | Getty Pictures Entry to Twitter was restored in Turkey late Wednesday right after community restrictions left persons in the state not able to use the web site, according to world-wide-web checking web […]
Read More
Disney CEO Bob Iger wastes no time putting turnaround plans in place after a solid quarter
Disney (DIS) reported a stronger-than-expected fiscal 2023 first quarter after the closing bell Wednesday, and Bob Iger struck the right tone on his first conference call since returning as CEO, prioritizing creativity and profitability. Revenue increased about 8% year-over-year, to $23.51 billion, beating analysts’ expectations for $23.37 billion, according to estimates compiled by Refinitiv. Earnings-per-share (EPS) fell 6.6% […]
Read More
Dominion Voting attorney calls out Fox for missing evidence in defamation lawsuit
A person walks past Fox News Headquarters at the News Corporation building on May 03, 2022 in New York City. Alexi Rosenfeld | Getty Images Dominion Voting Systems is calling out Fox News and its parent company, Fox Corp, for failing to turn over evidence, with less than two months before the companies are set […]
Read More
Disney will reorganize into three divisions as it slashes costs and cuts 7,000 jobs
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it would now be made up of three divisions: Disney Entertainment, which includes […]
Read More
Disney earnings are out — here are the numbers
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images LOS ANGELES – Disney reported earnings after the bell. Here are the results. Earnings per share: 99 cents per share, adj. vs 78 cents per share expected, according […]
Read More