Los Angeles Lakers forward LeBron James, #23, during the NBA game between the Los Angeles Clippers and the Los Angeles Lakers at Crypto.com Arena in Los Angeles on Jan. 7, 2024. Jevone Moore | Icon Sportswire | Getty Images The National Basketball Association’s exclusive media rights negotiating window with current partners Disney and Warner Bros. […]
Giovanna Gonzalez of Chicago demonstrates outside the U.S. Capitol following a press conference by TikTok creators to voice their opposition to the “Protecting Americans from Foreign Adversary Controlled Applications Act,” pending crackdown legislation on TikTok in the House of Representatives, on Capitol Hill in Washington, U.S., March 12, 2024. Craig Hudson | Reuters TikTok more […]
Meta founder and CEO Mark Zuckerberg speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023. Josh Edelson | AFP | Getty Images Meta on Thursday announced its free artificial intelligence assistant, Meta AI, is rolling out across its social media platforms WhatsApp, Instagram, Facebook and Messenger. The assistant […]
International Monetary Fund managing director Kristalina Georgieva envoked Winston Churchill as she warned of impending economic shocks – MANDEL NGAN/AFP via Getty Images The head of the International Monetary Fund has urged countries to cut debt and slash red tape to revive growth as she warned the world was becoming more vulnerable to economic shocks. […]
Many stock strategists began the year harping for a rebound in small-cap performance as consensus believed the Federal Reserve would begin reducing interest rates in the first half of 2024. Now, with the market scaling back its hopes for interest rate cuts this year, the small-cap Russell 2000 Index (^RUT) is down nearly 3% year […]
Trump Media & Technology Group (DJT) stock jumped as much as 15% on Thursday as the company tried to fend off short sellers amid a volatile trading week. According to an updated FAQ page on the Trump Media website, which is also included in a new securities filing posted Wednesday, the company is advising investors […]
Check out the companies making headlines in midday trading. Duolingo — The online language app company popped 7.5% after JPMorgan reiterated its overweight rating on the stock, saying it has an attractive risk/reward and potential upside for its first-quarter guide and 2024 outlook. Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker dropped 3.6% […]
Shares of Taiwan Semiconductor (NYSE: TSM) were heading lower today after the world’s largest semiconductor manufacturer posted strong results in the first quarter but offered a cautious outlook due to weakness in the smartphone and PC markets. As a result, the stock was down 3.1% as of 11:19 a.m. ET on Thursday. Image source: Getty […]
With the S & P 500 now threatening to break below the 5,000 level for the first time since February, investors are struggling to determine whether to consider this a buyable pullback or the beginning of a more sustained decline. One market breadth indicator suggests that we may still be in the early phases of a […]
Joe Tsai, Co-Founder of Alibaba, Says That There’s A ‘Wealth Effect’ From Property Downturn Alibaba co-founder Joe Tsai said that he’s noticed that a wealth effect from a property downturn tends to make consumers more hesitant to spend their money — here’s why. In an interview with Norges Bank Investment Management, Tsai spoke about all […]
Rafael Enrique | Lightrocket | Getty Images LOS ANGELES — Netflix is due to report first-quarter earnings after the closing bell Thursday. The company’s performance has been an anomaly in the streaming realm. While competitors struggle to turn profits, Netflix saw a 12% bump in revenue last year as its paid memberships grew again. Here’s […]
Rafael Enrique | Lightrocket | Getty Images LOS ANGELES — Netflix reported earnings that beat on the top and bottom line after the bell Thursday. Here are the results: Earnings per share: $5.28 per share compared with the $4.52 per share expected by LSEG Revenue: $9.37 billion compared with the $9.28 billion expected by LSEG Total memberships: […]
