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Fed meeting minutes and retail earnings are in focus in the week ahead
The Federal Reserve’s latest meeting minutes will be a key focal point for investors in the week ahead, as they seek clarity on the central bank’s interest rate hiking path. Stocks ended the week on a mixed note. The Dow Jones Industrial Average is down 0.13% for the week. The 30-stock index notched its third […]
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Paramount+ plans price increases as it hits 56 million subscribers
Paramount Global said it saw its streaming business grow during the fourth quarter, and announced plans to increase prices for Paramount+ this year. Despite adding more streaming customers, Paramount reported its fourth-quarter revenue declined 7%, compared with last year, to roughly $5.9 billion as the weak advertising market weighed on the company. Paramount’s stock was […]
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Wonya Lucas is making big changes at the Hallmark Channel
President and CEO at Hallmark Media Wonya Lucas speaks onstage during Hallmark Media’s star-studded kickoff of ‘Countdown To Christmas’ with a special screening of “A Holiday Spectacular” featuring the world famous Rockettes at Radio City Music Hall on October 20, 2022 in New York City. Mike Coppola | Getty Images Wonya Lucas landed a job […]
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NBC Sports hopes to make an aggressive bid to bring back the NBA, sources say
Boston Celtics forward Jayson Tatum (0) attempts a basket in front of Golden State Warriors forward Draymond Green (23) in the second half during game three of the 2022 NBA Finals at TD Garden. Kyle Terada | USA Today Sports Cue up John Tesh’s “Roundball Rock” – “The NBA on NBC” may be returning, if […]
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Barney is back: Mattel gives its nostalgic purple dinosaur an animated makeover
Mattel is relaunching its Barney franchise bringing the famous purple dinosaur back to television, film and YouTube content as well as a full range of products including toys, books and clothing. Courtesy: Mattel Inc. Millennials’ favorite purple dinosaur is returning to TV and toy shelves. Mattel is relaunching its Barney franchise through a series of […]
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Jim Cramer says he’s intrigued by these 10 top-performing S&P 500 stocks
CNBC’s Jim Cramer on Wednesday identified 10 stocks in the S&P 500 that investors should consider grabbing at the right price. “Consider me intrigued, but only if we have a couple more down days like today that give you a better buying opportunity because these stocks have all been overbought,” he said. Here is his […]
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Mattel shares tumble after holiday quarter fails to boost sagging sales
The Mattel company logo is pictured during the inauguration of the expansion of the Montoi plant, in Escobedo, Mexico March 15, 2022. Daniel Becerril | Reuters Barbie-maker Mattel posted fourth-quarter results after market close on Wednesday that came in well below Wall Street’s expectations after holiday sales failed to offset slowing consumer demand. CFO Anthony […]
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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 […]
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What will TV look like in three years? These industry insiders share their predictions
Illustration by Elham Ataeiazar The media industry is in the middle of change. There’s little doubt legacy cable TV will continue to bleed millions of subscribers each year as streaming takes over as the primary way the world watches television. Still, the details of what’s about to happen to a transitioning industry are unclear. CNBC […]
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‘M3gan’ is setting the stage for a big year for horror movies at the box office
A lifelike doll programmed to be a child’s greatest companion and a parent’s greatest ally turns murderous in Universal Studios and Blumhouse’s “M3GAN.” Universal A fashion-forward, murderous doll is ringing up big bucks at the box office. “M3gan,” the newest release from the Universal Studios and Blumhouse collaboration, will end up with more than $100 […]
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