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Cramer’s lightning round: Stay with Vertex Pharmaceuticals
Getty Images Holdings Inc: “I think down here at $4, I’m not a SPAC guy, okay, but this one may be actually worth looking at.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter. Source
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CNN chief Chris Licht has big ideas, but employees are nervous, and more job cuts are coming
Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN CNN CEO Chris Licht started conducting a business review of the news network when he agreed to take the job in April. That evaluation wrapped up last week, according to people familiar with the matter, and CNN employees are about to find out Licht’s conclusions. […]
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James Gunn, Peter Safran named new heads of Warner Bros.’ DC studios
James Gunn and Peter Safran will be the next co-heads of Warner Bros. Discovery‘s DC Comics film and TV unit, the company announced Tuesday. Their appointments will be effective Nov. 1. The news comes during a tumultuous time for the newly formed Warner Bros. Discovery. CEO David Zaslav has been attempting to remake WarnerMedia after merging […]
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‘Black Adam’ tallies $67 million in domestic debut, first film opening since July to top $50 million
Dwayne Johnson is Black Adam in Warner Bros.’ newest DC film “Black Adam.” Warner Bros. “Black Adam” stormed into theaters this weekend, snaring $67 million domestically. It is the first film since Disney and Marvel Studio’s “Thor: Love and Thunder” in July to tally more than $50 million during its debut. The Warner Bros.’ film […]
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David Einhorn says he’s bearish for the reason that the Fed’s ‘official coverage is to make the stock industry go down’
Greenlight Capital’s David Einhorn, who is crushing the marketplace with double-digit returns this year, is advertising stocks as the Federal Reserve proceeds to deflate the current market with intense price hikes. “As long as formal coverage is to make the stock market place go down, so that men and women are less wealthy, so that […]
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The Rock’s ‘Black Adam’ is a bland, ‘color-by-numbers’ DC Comics superhero movie, critics say
Dwayne Johnson stars in Warner Bros.’ “Black Adam.” Warner Bros. Not even Dwayne “The Rock” Johnson could salvage Warner Bros.’ latest entrant into the DC Extended Universe. “Black Adam,” which premieres Friday, did not impress critics, generating a meager 53% on Rotten Tomatoes from 102 reviews as of Thursday afternoon. While expectations are that the […]
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Netflix’s message to shareholders: Focus on revenue and profit, not subscriber adds
Netflix logo Mario Tama | Getty Images News | Getty Images Netflix has a message for investors: start focusing on revenue and profit, and stop obsessing about subscriber growth. Netflix made its argument with several pointed comments in its quarterly shareholder letter. The world’s largest streamer said it will stop forecasting paid subscriber adds. The […]
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Cramer’s lightning round: Wait for Texas Roadhouse to come down
Warner Bros Discovery Inc: “I can’t. I like profitable companies with good balance sheets. That is the definition of not that.” Veru Inc: “A lot of people bet against it, so it could be a very binary, up big, down big situation.” Texas Roadhouse Inc: “We have to wait for that one to come down, […]
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AMC Entertainment struggles with falling stock, high debt load and light blockbuster schedule
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment hit a new 52-week low Wednesday as the movie theater company contends with a massive debt load, dilution of its stock and a film release schedule short on […]
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Showtime chief’s departure signals Paramount is moving forward on its plan to merge streaming services
Damian Lewis as Bobby Axelrod in the original series “BILLIONS” airing on Showtime. Jeff Neumann/SHOWTIME Paramount Global executive David Nevins, who has run the premium network Showtime since 2016, is leaving the company at the end of year. Along with his departure, Paramount Global is restructuring Showtime in ways that could give the company flexibility […]
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