Business
- Bluesky is seeing an exodus of unhappy X users following the election | TechCrunchtechcrunch.com Bluesky is seeing an exodus of unhappy X users following the election | TechCrunch
X, formerly Twitter, is no longer the "digital town square" it once promised to be. Following the results of the U.S. presidential election, floods of
A million users last 7 days
- Companies are buying up cheap carbon offsets − data suggest it may be more about greenwashing than helping the climatetheconversation.com Companies are buying up cheap carbon offsets − data suggest it may be more about greenwashing than helping the climate
A deep dive into 866 public companies and 1,413 carbon projects reveals some twists in who relies on cheap offsets and who chooses to cut their own emissions instead.
- Fox Sports Radio anchors announce departures amid iHeart Media layoffsawfulannouncing.com Fox Sports Radio anchors announce departures amid iHeart Media layoffs
Multiple Fox Sports Radio update anchors have announced their departures amid iHeart Media's ongoing layoffs.
- Red Hat acquires AI optimization startup Neural Magic | TechCrunchtechcrunch.com Red Hat acquires AI optimization startup Neural Magic | TechCrunch
Red Hat, the IBM-owned open source software firm, is acquiring Neural Magic, a startup that optimizes AI algorithms to run on commodity processors.
> Red Hat, the IBM-owned open source software firm, is acquiring Neural Magic, a startup that optimizes AI algorithms to run on commodity processors.
- Just Eat Takeaway sells Grubhub to Wonder for $650 million | TechCrunchtechcrunch.com Just Eat Takeaway finally offloads Grubhub, sells to Wonder for $650M | TechCrunch
Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based
> Netherlands-based Just Eat Takeaway announced today that it is selling Grubhub to Wonder in a deal valued at $650 million. The company said that
- Trump Election Win Signals Big U.S. Policy Shiftwww.blackrock.com Trump Election Win Signals Big U.S. Policy Shift | BlackRock
Former President Donald Trump has won the U.S. election. We eye key policy changes and stay overweight U.S. stocks. Read more.
Date: Nov 06, 2024
- What Does The Fed’s Latest Move Mean For Investors?www.jpmorgan.com What Does The Fed’s Latest Move Mean For Investors? | J.P. Morgan
The easing cycle continues. Here’s how it could impact your portfolio.
- Inside Skydance Media’s Financials: David Ellison’s Studio Has Mostly Lost Money Since 2021www.thewrap.com Inside Skydance Media’s Financials: David Ellison’s Studio Has Mostly Lost Money Since 2021
The private company, valued at $4.75 billion in its $8 billion Paramount deal, relies on film, animation and licensing deals with Netflix.
cross-posted from: https://lemmy.world/post/21981552 > The private company, valued at $4.75 billion in its $8 billion Paramount deal, relies on film, animation and licensing deals with Netflix.
- Major U.S. retailer closing all stores, launching liquidation sale
"American Freight, a discount furniture and appliance retailer with more than 328 locations across 41 states"
"“sustained inflation and macroeconomic challenges” have weighed heavily on American Freight’s profitability."
"Liquidation sales began on November 5, promising up to 30% off the lowest ticketed prices on all inventory."
List of stores in article.
- Trump's Planned Immigrant Purge Sends Stagnant Private Prison Stocks Soaringwww.commondreams.org Trump's Planned Immigrant Purge Sends Stagnant Private Prison Stocks Soaring | Common Dreams
"The GEO Group was built for this unique moment... and the opportunity that it will bring," said the firm's chair.
- Markets close at record highs as Trump is reelected | CNN Businesswww.cnn.com Markets close at record highs as Trump is reelected | CNN Business
US stocks rocketed higher Wednesday following a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election.
- Two beloved restaurant chains are joining forces in the US — here’s where to find itnypost.com Two beloved restaurant chains are joining forces in the US — here’s where to find it
The joint IHOP-Applebee’s concept that Dine Brands has been developing will arrive in America in early 2025.
- Pinterest stock plunges following weak Q4 revenue guidancewww.cnbc.com Pinterest stock plunges following weak Q4 revenue guidance
Pinterest reported third-quarter earnings on Thursday that beat on the top and bottom lines.
> Pinterest reported third-quarter earnings on Thursday that beat on the top and bottom lines.
- AMC Networks Paying $42M For Full Control Of BBC Americadeadline.com AMC Networks Paying $42M For Full Control Of BBC America
AMC Networks has rolled up BBC America, paying $42 million in cash for full control of the cable network a decade after making a minority investment.
cross-posted from: https://lemmy.world/post/21787336 > AMC Networks has rolled up BBC America, paying $42 million in cash for full control of the cable network a decade after making a minority investment.
- After Trump Win, Hollywood Moguls Ready for Megamergerswww.hollywoodreporter.com After Trump Win, Hollywood Prepares for Megamergers — and Volatility
A palpable buzz has taken hold of corporate boardrooms that another four years of the Republican will free up dealmaking.
cross-posted from: https://lemmy.world/post/21787332 > On Nov. 7, a day after Donald Trump's victory, Warner Bros. Discovery chief David Zaslav delivered a message: It's open season on dealmaking.
- Paramount Adds 3.5M Subs As DTC Grows But Group Revenue Dropsdeadline.com Paramount Global Adds 3.5 Million Streaming Subs In Q3 But Revenues Fall 6% As TV & Film Dip
Paramount Global has posted lower year-on-year revenue in Q3, but Paramount+ added 3.5 million subscribers as DTC profit hit $49 million.
cross-posted from: https://lemmy.world/post/21775235 > Paramount Global has posted lower year-on-year revenue in Q3, but Paramount+ added 3.5 million subscribers as DTC profit hit $49 million.
- Sony Pictures Entertainment Q2 Profit Slides To $124Mdeadline.com Sony Pictures Entertainment Q2 Profits Slide To $124M; Impact From Hollywood Strikes Cited
Second-quarter profits at Sony Pictures Entertainment slid to $124M for the three months ended September 30
> Second-quarter profits at Sony Pictures Entertainment slid to $124M for the three months ended September 30
- Why are tech companies really heading back to the office?www.theverge.com Why are tech companies really heading back to the office?
What return to office mandates mean for the future of hybrid and remote work.
- Rivian takes major revenue hit as supplier problem persists | TechCrunchtechcrunch.com Rivian takes major revenue hit as supplier problem persists | TechCrunch
Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts' estimates — as the EV startup struggled to
> Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts' estimates — as the EV startup struggled to
- Yelp just spent $80M on a site for car repair estimates | TechCrunchtechcrunch.com Yelp just spent $80M on a site for car repair estimates | TechCrunch
Yelp, which made a name for itself giving restaurant recs, just bought an auto services website for $80 million in cash.
> Yelp, which made a name for itself giving restaurant recs, just bought an auto services website for $80 million in cash.
- WBD CEO David Zaslav shares positive outlook during earnings callawfulannouncing.com WBD CEO David Zaslav shares positive outlook during earnings call
Warner Bros. Discovery CEO David Zaslav shared a positive outlook during Q3 earnings, including a more favorable regulatory environment.
- Arm keeps fingers crossed for AI bonanzawww.theregister.com Arm keeps fingers crossed for AI bonanza
Q2 climbs 23% on Armv9 adoption, but licensing dips
> Q2 climbs 23% on Armv9 adoption, but licensing dips
- Continuing Jobless Claims Jump To 3-Year-Highswww.zerohedge.com Continuing Jobless Claims Jump To 3-Year-Highs
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
- Warner Bros. Discovery Posts Streaming Profit of $289 Million in Q3 as Subs Grow to 110.5 Millionwww.thewrap.com Warner Bros. Discovery Posts Streaming Profit of $289 Million in Q3 as Subs Grow to 110.5 Million
The media giant's overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% decrease in profit
cross-posted from: https://lemmy.world/post/21736823 > The media giant's overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% decrease in profit
- Qualcomm pops on chipmaker's earnings and revenue beatwww.cnbc.com Qualcomm pops on chipmaker's earnings and revenue beat
Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and guided to a strong December quarter.
- Massachusetts becomes first state to allow Uber, Lyft drivers to unionizenypost.com Massachusetts becomes first state to allow Uber, Lyft drivers to unionize
The Massachusetts vote was the latest front in a years-long battle over whether ride-share drivers should be considered to be independent contractors or employees entitled to benefits and wage prot…
- MLBPA reportedly estimates local TV deals make up 21 percent of team revenue on averageawfulannouncing.com MLBPA reportedly estimates local TV deals make up 21 percent of team revenue on average
As Diamond Sports Group navigates bankruptcy, we have a clearer idea of how a decline in local TV deals would affect total team revenue.
- Wall Street roars to record highs after Donald Trump’s historic victorynypost.com Wall Street roars to record highs after Donald Trump’s historic victory
The Dow jumped nearly 1,300 points, hitting an all-time best 43,499, while the Nasdaq rose 425 points, or to 18,860, and the S&P 500 increased 103 points, to 5,887, after the opening bell.
- Dollar surges as fears grow for world economy over Trump's threat of tariffsnews.sky.com Dollar surges as fears grow for world economy over Trump's threat of tariffs
Financial analysts believe Donald Trump's threat to impose sweeping tariffs on foreign imports will harm the British and world economies.
- Apple warns investors future products may never be as profitable as iPhonewww.ft.com Apple warns investors future products may never be as profitable as iPhone
Analysts say artificial intelligence and virtual reality headsets might have lower margins than smartphones and App Store
cross-posted from: https://sopuli.xyz/post/18825598
> Mirror: https://archive.is/123Cw
- Boeing workers vote to end $9.6B strike, nabbing 43% wage increase over 4 yearsarstechnica.com Boeing workers vote to end $9.6B strike, nabbing 43% wage increase over 4 years
Workers vow to restore Boeing’s iconic legacy as costly strike ends.
> Workers vow to restore Boeing’s iconic legacy as costly strike ends.
- New York Times Adds 260,000 Digital Subs, Boosts Profits by 19.6%www.thewrap.com New York Times Adds 260,000 Digital Subs, Boosts Profits by 19.6%
The media company spent another $4.6 million on litigation related to its suit against Microsoft and Open AI over copyright infringement
> The media company spent another $4.6 million on litigation related to its suit against Microsoft and Open AI over copyright infringement
- Franchise Group Reaches Agreement with First Lien Lenders to Substantially Reduce Debt, Enhance Liquidity, and Best Position Profitable Operating Businesses for Sustainable Growthwww.prnewswire.com Franchise Group Reaches Agreement with First Lien Lenders to Substantially Reduce Debt, Enhance Liquidity, and Best Position Profitable Operating Businesses for Sustainable Growth
/PRNewswire/ -- Franchise Group, Inc. ("FRG" or the "Company") today announced that it has entered into a restructuring support agreement ("RSA") with holders...
- Nvidia to replace Intel in Dow Jones Industrial Average — Intel's 25-year reign has come to an endwww.tomshardware.com Nvidia to replace Intel in Dow Jones Industrial Average — Intel's 25-year reign has come to an end
Nvidia's AI leadership and Intel's bungling of its finances leads to this shakeup in the financial world.
cross-posted from: https://lemmy.world/post/21576540
- Concerns grow in Washington over Intelwww.semafor.com Concerns grow in Washington over Intel | Semafor
Policymakers have grown worried enough about the chipmaker to quietly discuss scenarios should it need further assistance.
- Charter Q3 2024 Earnings: Stock Jumps 15% On Resultsdeadline.com Charter CEO Chris Winfrey Sees “Pretty Significant Impact” From Adding More Streaming To Spectrum; Stock Jumps 15% On Q3 Results
Charter Communications CEO Chris Winfrey said the company's addition of streaming on Spectrum will have "a pretty significant impact on acquisition and retention."
> Charter Communications CEO Chris Winfrey said the company's addition of streaming on Spectrum will have "a pretty significant impact on acquisition and retention."
- Apple is buying 20 percent of its iPhone satellite services partnerwww.theverge.com Apple is buying 20 percent of its iPhone satellite services partner
Apple is making a big investment in GlobalStar.
> Apple is making a big investment in GlobalStar.
