(Bloomberg) — Comcast Corp. will offer customers a streaming bundle that includes Apple TV+, Netflix and its own Peacock service as it tries to reduce subscriber churn, Chief Executive Officer Brian Roberts said Tuesday at an investor conference. Most Read from Bloomberg The bundle will be offered at “a vastly reduced price” compared with offerings […]
(Bloomberg) — Alphabet Inc.’s recent results raised hopes that the Google parent can still be a big player in artificial intelligence. Now it has a chance to prove it. Most Read from Bloomberg Investors are hotly anticipating the company’s Google I/O annual developers conference Tuesday, where it’s expected to unveil AI features for its search […]
(Bloomberg) — Shares of Sea Ltd. jumped after the Southeast Asia e-commerce giant reported first-quarter earnings that exceeded analysts’ estimates, a sign that it has been successfully navigating fierce competition from the likes of ByteDance Ltd.’s TikTok. Most Read from Bloomberg The stock rose 3.7% after the market opened in New York on Tuesday. The […]
(Bloomberg) — Peter Thiel’s venture-capital firm Founders Fund is betting on one of the largest crypto-based prediction markets even as a key US regulator steps up efforts to restrict activity on such platforms. Most Read from Bloomberg Polymarket has raised $70 million across two rounds, with the most recent raise led by Founders Fund, a […]
(Bloomberg) — David Sacks — the Silicon Valley startup investor and podcaster — is launching a new artificial intelligence company for businesses, called Glue. Most Read from Bloomberg Founded in 2021, the startup formally debuted its service on Tuesday after months of private testing. The idea is to let AI services to join in specific […]
By Nell Mackenzie LONDON (Reuters) – Oil company Chevron was the most shorted U.S. stock in April, overtaking long-standing top target Tesla as short-sellers up their bets on weaker energy prices, according to a monthly report by data and tech firm Hazeltree. Chevron topped the Hazeltree Shortside Crowdedness Report list as the most shorted large […]
(Bloomberg) — Sea Ltd. reported first-quarter earnings that exceeded analysts’ estimates, a sign that the Southeast Asia e-commerce leader is managing to navigate fierce competition from the likes of ByteDance Ltd.’s TikTok. Most Read from Bloomberg The stock jumped 7% in pre-market trading after the Singapore-based internet firm posted adjusted earnings before interest, taxes, depreciation […]
(Bloomberg) — Ant Group Co.’s quarterly earnings fell 19% as the Chinese fintech pioneer founded by Jack Ma struggles to find new drivers of growth following regulatory clampdowns at home. Most Read from Bloomberg The Hangzhou-based company contributed 2.57 billion yuan ($355 million) of profit to Alibaba Group Holding Ltd. Based on Alibaba’s one-third stake […]
A look at the day ahead in U.S. and global markets from Mike Dolan Macro markets have basically frozen ahead of this week’s big U.S. inflation releases, with sideshow entertainment provided by a fresh burst in activity in so-called ‘meme stocks’ while earnings updates and deals sagas dominated overseas. With Wednesday’s April consumer price report […]
LONDON (Reuters) – OPEC stuck to its forecast for relatively strong growth in global oil demand in 2024 on Tuesday and said there was a chance the world economy could do better than expected this year. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise by 2.25 […]
(Bloomberg) — Foxconn-backed Sharp Corp. is exiting TV panel production and plans to seek volunteers for early retirement, abandoning a business in which it lost out to Chinese rivals. Most Read from Bloomberg The Japanese electronics maker is halting operations at its sprawling display factory in Sakai, Osaka, which would be used as a data […]
(Bloomberg) — Tencent Holdings Ltd.’s revenue and earnings beat estimates after its TikTok-style video platform gained traction against ByteDance Ltd. and drove growth despite a faltering Chinese economic recovery. Most Read from Bloomberg Revenue for the three months ended March rose 6% to 159.5 billion yuan ($22 billion), compared with the 158.8 billion yuan average […]
