Economy – Stocks Run The World

Browse category by Economy

Economy

Comcast to announce the spinoff of cable networks, including MSNBC, CNBC and USA, sources say

November 21, 2024

Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News. The split would cleave off some of NBCUniversal’s best-known brands, including MSNBC, E!, Syfy, Golf Channel, USA, CNBC and Oxygen, which now face the same cord-cutting challenges as […]

Economy

Jaguar reveals glossy rebrand that features no cars and confuses the internet

November 21, 2024

It’s certainly eye-catching: A group of multiracial, gender-bending models emerge from an elevator in cutting-edge makeup and bright-colored clothing to a techno-industrial beat into an austere, prismatic landscape. But one thing is missing from the storied British carmaker Jaguar’s new rebrand: cars. The spot has drawn some reactions online that range from puzzled to dismayed, […]

Economy

Mike Tyson, Jake Paul fight was the most streamed sporting event ever, Netflix says

November 21, 2024

Friday’s anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for more than its unique card. The bout shown on Netflix was the most streamed global sporting event ever with 65 million live concurrent streams and 108 million total live viewers around the world, according to a Netflix release. The […]

Economy

Comcast announces plan to spin off cable channels, including MSNBC, CNBC and USA

November 21, 2024

Comcast announced a plan Wednesday to spin off most of its cable television networks into a separate publicly traded company. The new company will include the USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. Comcast will retain key NBCUniversal assets, including the NBC broadcast network, NBC News, NBC Sports, the streaming service […]

Economy

Disney debuts its latest cruise ship, Treasure, as part of a plan to double its fleet by 2031

November 21, 2024

The Disney fleet is expanding. Next month, the Disney Treasure cruise ship will make its maiden voyage from Port Canaveral, Florida, to the Caribbean, officially becoming the sixth ship in the company’s lineup. The Treasure, which is 221 feet tall and 1,119 feet long, can carry 4,000 passengers and 1,555 crew members. Like Disney’s other cruise ships, […]

Economy

Target stock falls 21% as big discounting effort falls short

November 21, 2024

Target reported earnings Wednesday that came in far below Wall Street’s expectations, something the big-box retailer attributed to slower than expected demand. The company announced profits that fell short of forecasts by 20%, its widest miss in two years. Revenues, meanwhile, came in under expectations for the first time in more than a year. Target’s […]

Economy

Dental supply stock surges on RFK’s anti-fluoride stance, activist involvement

November 20, 2024

Dental care supplier Henry Schein advanced in Monday trading as investors bet that Robert F. Kennedy Jr., President-elect Donald Trump’s pick for Health and Human Services secretary, could recommend removing fluoride from the U.S. water system, a move that would lead to a boom in dental visits. Shares of Henry Schein shares jumped nearly 5%, on track […]

Economy

Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring

November 20, 2024

Trump Media is reportedly in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks. The news sent shares of both companies soaring. Trump Media, which is majority-owned by President-elect Donald Trump, shot up by double digits minutes after the FT report was published. The company, which operates […]

Economy

Walmart will likely raise some prices if Trump tariffs take effect, CFO says

November 20, 2024

Walmart’s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect. “We never want to raise prices,” he said in an interview with CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will […]

Economy

Walmart hikes its outlook again as shoppers spend more outside the grocery aisles

November 20, 2024

Walmart raised its forecast on Tuesday, as its customers bought more discretionary merchandise, ordered more deliveries to their homes and started their holiday shopping. The discounter now expects net sales will grow between 4.8% and 5.1% for the full year. That compares with its previous forecast for between 3.75% and 4.75% sales growth for the period. […]

Economy

TNT’s ‘Inside the NBA’ headed for ESPN and ABC after Warner Bros. Discovery settlement

November 19, 2024

Warner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the 2025-26 season and beyond, settling all of its legal disputes with the league. Warner Bros. Discovery sued the NBA in July, claiming the league failed to allow the media company to use its so-called […]

Economy

AMC is poised to ride the box office rebound, as long as its debt doesn’t get in the way

November 19, 2024

The domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. The world’s largest movie theater chain, however, isn’t on such solid footing. AMC operates around 900 theaters and 10,000 screens globally, a larger footprint than its chief rivals Cinemark and Regal. Yet it’s struggled with a hefty debt load, even […]

Economy

Elon Musk’s X Corp. files notice in Alex Jones’ Infowars bankruptcy case

November 18, 2024

Attorneys for X Corp., the firm established by Elon Musk to take over Twitter, filed a notice of appearance on Thursday in the bankruptcy case of Alex Jones and his Infowars platform. The new owners of satirical news site The Onion had been declared the successful bidders for Jones’ controversial platform, alongside families of the […]

Economy

GM lays off 1,000 employees amid reorganization and cost-cutting

November 17, 2024

DETROIT — General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision. The layoffs, which were announced Friday morning to those impacted, were across the business. Some were due to poor performance, while others were part […]

Economy

Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock

November 16, 2024

The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the presidential election, according to new disclosures. Most of the stock was sold by CFO Phillip Juhan, who in August adopted a trading plan that revealed his intention to sell 400,000 DJT shares by December 2025. Trump Media […]

Browse category by Economy

Comcast to announce the spinoff of cable networks, including MSNBC, CNBC and USA, sources say

Jaguar reveals glossy rebrand that features no cars and confuses the internet

Mike Tyson, Jake Paul fight was the most streamed sporting event ever, Netflix says

Comcast announces plan to spin off cable channels, including MSNBC, CNBC and USA

Disney debuts its latest cruise ship, Treasure, as part of a plan to double its fleet by 2031

Target stock falls 21% as big discounting effort falls short

Dental supply stock surges on RFK’s anti-fluoride stance, activist involvement

Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring

Walmart will likely raise some prices if Trump tariffs take effect, CFO says

Walmart hikes its outlook again as shoppers spend more outside the grocery aisles

TNT’s ‘Inside the NBA’ headed for ESPN and ABC after Warner Bros. Discovery settlement

AMC is poised to ride the box office rebound, as long as its debt doesn’t get in the way

Elon Musk’s X Corp. files notice in Alex Jones’ Infowars bankruptcy case

GM lays off 1,000 employees amid reorganization and cost-cutting

Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock

Latest Posts

Mali’s PM fired after criticizing prolonged junta rule, state TV says

US vetoes UN resolution on Gaza ceasefire, saying it doesn’t guarantee release of hostages

Analysis: US embassy’s temporary closure in Kyiv reflects a starkly escalating war in Ukraine

Popular Post

Mali’s PM fired after criticizing prolonged junta rule, state TV says

Notcoin Price Prediction as $1 Billion Trading Volume Sends NOT to New All-Time High – Time to Buy?

Ripple CEO Brad Garlinghouse Reveals XRP ETF is ‘Inevitable’ in US