Media Archives - Page 60 of 806

2 minute read

Disney’s Bob Iger Confident In Landing Long-Term NBA Rights Deal As Media Giant Enhances Streaming With ESPN Tile And Shifts Marvel Strategy

May 7, 11:18 PM

The Walt Disney Company is making major moves to enhance its streaming offerings and superhero content strategy, while expressing confidence in securing long-term NBA rights, according to remarks from the CEO on the company's second-quarter 2024 earnings call.

CMCSA

2 minute read

Intel’s New Venture in Japan: Pioneering Automation in Chip Manufacturing by 2028

By Anusuya Lahiri

May 7, 2:36 PM

Intel partners with 14 Japanese companies to develop automation tech for semiconductor processes. Microsoft plans $2.9B investment in Japanese data centers, TSMC to source materials locally, Amazon to invest $15.5B in data centers and business operations.

AMZN

2 minute read

What’s Going On With Tesla Shares Tuesday?

By Nabaparna Bhattacharya

May 7, 2:11 PM

Tesla shares decline as CEO Musk explores FSD taxi testing in China amidst collaboration rumors with Baidu, alongside Grünheide production halt due to protests.

BIDU

1 minute read

Microsoft Introduces Isolated AI For US Intelligence To Analyze Secret Data: Report

By Shivani Kumaresan

May 7, 1:36 PM

Microsoft pioneers a groundbreaking move by introducing an isolated generative AI model exclusively accessible to U.S. intelligence agencies. This offline GPT4-based system, functioning in an "air-gapped" environment, promises heightened security for analyzing classified data, meeting the escalating demand for advanced intelligence tools worldwide.

IYW

2 minute read

Peloton Sees Interest For Potential Buyout From Private Equity, Stock Soars

By Anusuya Lahiri

May 7, 12:43 PM

Private equity firms are eyeing Peloton for buyout after pandemic darling suffers losses, CEO transition, and restructuring. Stock is up 14.8%.

BKIV

2 minute read

EV Truck Maker Nikola’s Topline Plunges 30% in Q1 On Weak Demand, Stock Tanks

By Anusuya Lahiri

May 7, 10:33 AM

Nikola Corp (NASDAQ: NKLA) stock fell after reporting Q1 2024 results, missing sales estimate, beating loss estimate, and facing market hurdles.

HAIL

2 minute read

Alibaba’s To Overhaul Taobao In Strategic Move to Reclaim E-commerce Dominance

By Anusuya Lahiri

May 7, 9:41 AM

Alibaba revamps Taobao webpage ahead of China's 618 shopping festival to improve user experience. This is part of a larger effort to attract new users and regain a leading position in the competitive e-commerce market. Stock down 5% in last year.

BABA

1 minute read

Sony’s Bold $26B Paramount Bid Raises Eyebrows: Can They Finance It?

By Anusuya Lahiri

May 7, 9:25 AM

SONY shares drop as it plans to bid $26B with Apollo for Paramount, raising concerns about financing and regulatory scrutiny.

APO

2 minute read

Walt Disney Q2 Earnings: Profit Beat, Moderating Parks Growth, Password-Sharing Crackdown And More

By Anusuya Lahiri

May 7, 9:21 AM

DIS shares down 7.93% as Q2 revenue misses estimates, but adjusted EPS beats consensus. Entertainment revenue declines 5% while streaming is profitable.

DIS